Boom goes the dynamite. Wave 4 initiated. Channel looks like 38%. I adjusted the levels. If you were like me, you got stop in profit, on to the next one. Just keep in mind we are trading fibonacci and not price action reversal, but the fibs are strong across the board. Check out my XAU/USD 7 swing lining up with the 1.236 trend fib extension. Just keep in mind...
Facebook is taking a dive after hours, but I believe this is yet another opportunity to buy the dip. If we close above the previous 2018 lows for the rest of this month, expect FB is entering a wave 4. It will likely involve a swift "fade" higher, perhaps to 195-200, a hard rejection, and a slow, arduous battle for control between buyers and sellers for the rest...
Best Buy is in Cycle Wave 4. The bottom of this wave should occur between July 25, 2018 and August 20, 2019. The bottom should occur between 52.12 and 63.5. These dates and numbers are based on comparative trend analysis and derivative analytics.
Hello everyone.
So there's been much deliberation over the wave count. Certainly the drop from 10k has had a few minor bounces, and it is hard to distinguish what is really completion of a wave ... which obviously impacts the wave count. So this morning I switch to Renko bars ... looks clear as a sunny day to me.
Up to now, over the past 2 days, I've been...
Hello guys.
So here's an update on my idea ... some polishing up done, with the new data, but the concept still remains the same. For those looking for a summary only.
- we are likely forming wave E of a triangle pattern (see red wave)
- we are likely in an impulse wave, where wave 3 ends and wave 4 starts (see purple wave).
- the purple line is my highest...
Well, well, well .... just as I gave up on wave 4, here we are. At this point we've reached the all time high trend line and we are hitting a key Fib. Are we all wrong (oh yes, many have changed their tunes now after calling a 4k, 3k, 2k, 1k bottom). Wall street always wins, remember that. They want your money, so they do what's worst for you. Short you say, stay...
I'm eyeing wave 4 to end around 1.16570 and run 1.0 of wave 1 = 1.20650; but may also be 2.0 of wave 1 = 1.24801. A length of 2.0 also has confluence of intersecting with channel boundaries in symmetrical days (30) as Wave 1.
Rues:
IF Price Action = 1.16570 AND there is a major reversal pattern or candle on 1-day or 4-hour chart AND there is some major...
BTCUSD update: Price action is still being lead by bearish momentum, but the range of the most recent candles are tightening. Even though this may not appear as anything unusual, because of where it is occurring, we can get an idea of what is likely to happen next.
In terms of the wave count, and impulse structure, the Wave 1 high was 9074, and so far the current...
BTCUSD update: Since the bearish pin bar off of the 11700 area price, has been retracing and has tested the 9600 level to produce a spinning top formation. This can be the beginning of the next bullish leg which can test the 11700 peak or higher. In order to justify a long position, I would wait for particular conditions to unfold first.
Maybe now you know why I...
I have an alarm set at 15.143 and will be watching this. If E breaks trend line and confirms will be very nice sell. There was a perfect buy setup that I didn't take, can't remember why, but not the best entry point on the buy right this moment. The sell will be the real trade. The overall pattern in the bigger picture makes sense for a 5 wave.
ETHUSD update: Minor support area near 1291 being tested while there is no significant reversal structure in sight. Based on the current price action, this retrace can be labeled as a sub wave 4 which implies one more attempt at the highs before a broader correction is reasonable to expect.
For those who are newer to utilizing TA, it is important to understand...
Neo just completed five sub-waves, and after 5 waves, a correction occurs. The correction usually is between the 0.382 and the 0.618 Fibonacci retracement.
We can open a short position with a tight stop just above the peak and a target at the 0.382 Fib retracement level, which gives us over 1:5 risk to reward ratio. That means, we only have to be right about 1/6...
I've counted the Elliott waves, and I have only spotted 3 completed waves so far. That means that ZEC should experience some more correction in wave 4 before exploding up again. ZEC already completed subwaves A (12345 impulse) and B (abcde rising wedge). Wave C should start soon, and should be a downwards 12345 impulse. Of course, there is a possibility of further...
One of the correctrive waves in the Elliot wave theory has a wedge shape decreasing in ssiae from left to right. it is a 4 wave breakout.
Also buy as much tron as possible.
sned me a dollar when your rich.
BTG just started wave 4, and it will experience corrections for the next few days (or hours) before the next surge. According to Elliott Wave guidelines, wave 5 will likely be extended when wave 1 and wave 3 are the same length. With a conservative 1.272 Fibonacci Extension, we get a target of $544. $600 is totally within the horizon. Also, the price is unlikely...
