will this clear 5 waves decline define the larger degree trend in the near future?
will it lead to a sharp zigzag correction that may retrace 50% or 62% of the entire fall?
The March ’08 advance is labeled as a corrective upswing, a Zig-Zag pattern. Using Fib-price ratio model for this pattern combined with internal price measurements, we have three fib-price ratios converging, heightening the probability that the five-wave sequence (i)-(v) has ended within the last C-wave (circle) of the corrective Zig-Zag pattern indicating the ...
If the blue wave count is correct, another new high is not so far away
alternatively, complex sub wave e is also possible OR sub wave d is still unfolding (although less likely)
GoldCoin/USD (Goldcoin Token) 05/12/18, 7:25 PM EST, by Michael Mansfield.
Hi trader friends, I iope your weekend is a fun or fulfilling one!
With practically all of the volume occuring on the up bars since the late March low, another good sized up move is in the cards onces this corrective wave is complete. Moreover, a with the large bullish volume on the up ...
Updated to account for the full length of B, and assuming this is a zig-zag correction.
At the target for C (~$15.50), C equals 0.707 of A which coincides with a full retrace to 0.5 of the preceding motive.
I don't have any positions in EOS at the moment but I would consider it a short until around $15.50, barring a change in character of some sort.
Hi followers,
the EURUSD develops a triangle-pattern with a abcde-wave-correction.
For every one who think about a ZigZag-wave: ZigZag-Waves starts always with a 5 wave-structure. In this case we found a 3 wave-structure. This is why a ZigZag is impossible.
The chart above, I created using the 1W timeframe and then I zoom in to 1D timeframe. First, look at the RSI indicator, price movement still shows the downtrend.
Second, Linear Regression also still shows the direction of the downtrend. Candlestick has broke the support line of Gann Fib 8/1 and now candlestick will price testing at 100.00% Fibonacci support line. ...
Regression and ZIGZAG analysis indicates long opportunity with Schwab etf #FDNE. Trough to trough vector regression been used to predict next trend line inclination. Expect 20 percent returns for upcoming ten months!
March 11th, 2018 :
I expect BTC test the Feb. 6th low of 5873.00 again or lower within the next 5- 10 days. This is my minimum expected low to complete bottom in the current A-B-C (See Chart Blue Arrows) zig zag correction underway. Upon BTC completing the current A-B-C correction I expect BTC to move upward in a series of higher - " highs " early this spring ...
Hi guys
My only concern with ETH at the moment is that the drop in price from the recent highs could count as a 5 wave down. If correct then that could have been the minor count of an A wave, meaning that the B wave is underway which could end soon. If this proves to be correct then the C wave will cause ETH to drop lower than the A wave before ETH actually gets ...
ETH has completed a 5 impulse wave and is now currently developing in a possible "double threes" Elliott Wave corrective pattern, consisting of a flat (abc), a 3 wave (zigzag) reactionary, and a (apparently rare) expanding horizontal corrective wave. If we see a successfull completion of this correction by remaining above 900 levels, then we can expect another 5 ...
On the hourly chart we can see a classic head and shoulder pattern playing out on ETH. At this time, we are completing the formation of the right shoulder. The neckline is noted with the red horizontal line, and the green horizontal line represents our target for the completion of this head and shoulders pattern. We got this target by measuring the distance ...
