ETHUSD Update: There is a double bottom off of the 279 support and a 5 wave triangle completion. Based on this structure, I believe we are in the beginning of the larger degree Wave 5 that can take this to at least the 350 area over the next week. In my previous report, I posted an update about an hour ago with my trade entry at 294.76. I immediately received a...
In my opinion, Bitcoin seems to be completing a Wave 4 Triangle formation and will soon breakout of structure to start wave 5 LONG. It seems Wave 3 has already been completed and provided another base Resistance level. Wave 5 target range would be largely due to the impending Aug1 SegWit, as information was provided on my previous analysis here: which it...
After my previous analysis here: Where the Harmonic Bullish Gartley was confirmed as well as a Head-And-Shoulders Pattern noticed (Thanks VitalyKaminsky) and a breakout of the structure/channel upwards in a bullish trend. An Elliott Wave count seems to be in progress, where a Wave 1, 2 and 3 have just been completed (Caution - Possible extension on Wave 3 -...
It seems litecoin (LTC) has completed a Wave E (in a triangle) and has now started to progress through a Wave 5 Impulse towards the upside. Price action is above all 5 EMAs, including the Ketchup (5 EMA). Interestingly, TDI shows the start of a possible shark fin move, however, due to the fact we are at the 0 Position with RSI, I am unable to predict the next...
It seems we have a good setup here for 2 trades. The first is a SHORT and the second is a LONG, after the harmonic pattern confirmation. This seems to be a very high probability trade on the Daily for Twitter Inc, where price action has reached a significant resistance area and point in the structure, at the top of the channel/trendline, where a very high...
It seems we have a great opportunity for a LONG trade on the breakout of the corrective structure. EMAs show price action has hit the Mayo on the reversal and has also just hit the Water with a wick at the bottom of the candle. In my opinion, on the breakout of the corrective structure, a great setup will have been confirmed to trade the entire Wave 5 Impulse...
Comcast Corp New seems to be approaching the completion of a Wave 4 on the Minor period before continuing upwards for a Wave 5 to the upper structured trendline. Stochastic seems to be approaching overbought position whilst RSI seems to indicate downwards movement to oversold position, as well as MACD suggests continued downwards movement for a confirmation of...
Elliot Bear Wave 5 could be in play. Read chart notes and will update accordingly. Enjoy.
USDJPY is currently breaking up, so we are looking for buying setup after a corrective phase completed. heading to wave 5 completion.
EURJPY is heading completion of wave 5 around 124.60 area. Since wave 3 is the longest wave, wave 5 will be almost same length with wave 1.
Hello , Guys this is a good example of Elliot Wave application with very good risk/reward ratio Entry Point is at the end of wave 4 , Stop loss is below the trend line a little bit and the Target is around 1.618 extension of wave 1 . This is not a Trading advice this is only an idea , Trade your own strategy . Good luck
Elliot Wave Perspective of Crude Oil. I am interested in trading the Wave 5. Also the price action near 38.2% or 50% retracement level will be taken into notice before entering the Long . Roughly Long @ 48.74 Stop Loss @ 46.99 Take Profit @ 53.00
Rejected at upper trendline and now making a corrective move. Break the upper trendline and make a correction will initiate buy setup. There's a chance cable makes 1 more down before big move to the upside I'll update the chart if i see someting Thank you.
USDCAD has formed a bullflag potential continuation breakout. The APRR has broken a major bearish trendline as well, confirming potential continued bullish price action and providing an opportunity to get long toward wave 5 completion. SL is placed below recent lows with Target at the next S/R area.
O IBOV parece estar no final de uma onda C Menor, dentro de uma (4) Intermediária, que faz parte de uma onda (I) Primária. O início da onda (5) está iminente e deve levar o IBOV até 55K. A partir dalí, devemos ficar atentos ao final da onda (5) e (I). Essa contagem leva em consideração o humor social bastante negativo que dominou a percepção de investidores e...
In October 2014 I called the top almost to the cent (see the link below). The decline from 244.80 is finally coming to an end near 130.78. Short term I'm looking for the final decline in red wave v of an ending diagonal and once the bottom is in place, a quick return to the origin of the ending diagonal at 169.58 should be seen, within half the time it took to...
Okay, lads. From the middle of February we can see a consolidation model forming on USDJPY chart. Perhaps, it's a triangle - that fits just perfect as the wave 4 in current bearish impulse. Even so, the time to sell hasn't come yet, and that's why: The current price pattern looks like a triangle, but until we can read all 5 waves it's not a triangle Even...
And so, after a little break in falling down, in the middle of august '15, EURO continues his journey to the south. Perhaps, now there is forming an ending diagonal in the wave 5 (or c). Why do I think so? As we can see, there are a lot of correction waves (ABC), both up and down. Therefore, there are two possible scenarios: The correction up will continue in...