Not see the most ideal Elliott Wave move here on the good ole doge so relaying a bit more on my other tools to look for setups. Looks like it had trouble staying above .1069 and now its at an important level the has played as resistance in the past. Ideal bulls want to stay above this level to show some strength. A break underneath, I would be looking for it to...
PA rising and Volume falling, not usually the best mix for a bull run. Elliott Wave count up is debatable. My focus and I think most will accept a probable impulse down. SO some levels of potential clarity I'm watching. 16.8k area, impulse complete 17165, resist and algo land. 17421, Impulse complete/inval I think until one of these breaks, could go either way....
Is this the beginning of a bigger move down? or a dip? Rejected off of the Larger downward trendline. Broke down out of the upward trendline. Broke the proposed wave 4. At an important level here to keep an eye on. It as flipped back and forth from support to resistance, then willy wonka'd and reversed it from resistance to support. SO watching 3910 area to see...
Eth has a couple of possible counts here at play but end of day, this current move up from 1236 needs to print an impulse to keep this thing moving up and to the right. If not would start looking for a deeper retracement with a possibility of the move up being done. Need the 5s and 3s to keep pointing in the right direction. If you have found this...
Elliott Wave Guidelines: Depth of Corrective Waves Understanding Elliott Waves is much more then the basic rules and 3s and 5s. A largely underused aspect of Elliott Waves is the Elliott Wave Guidelines. These go beyond the guidelines for each specific pattern and are meant to assist in determining the most probabilistic wave pattern. This is just the primary...
Looks like BTC has bounced out of the GZ and looks good for an Impulse up and 3 wave correction down. So is it a potential C wave or a Wave 3? If this is more than just a pump and dump, I will be looking for how price reacts to the Fibs and geometry here. The more dilly there is, the more I lean on it being a potential Wave 3 of an impulse. If you have found this...
Watching these 2 variations. Depending on how much up it prints, may have to re count the impulse down. Could be an extended 5th here but it has some wave 3 characteristics, which would also lend to a wave 5 extension. So the important levels to watch are .09576 as a break would assist in some Elliott Wave clarity of count. The .115 area has some confluence with...
Here is just one of my bearish interpretation. Most would still point down. IF the price crosses $92, I would say the proposed impulse down would be invalidated. I wouldn't be sold on ATH coming soon just yet, though. I think that there is a possibility that this is just a W4 until that line is crossed. Furthermore, I am still looking at longs as well, a bearish...
Still looking for this asset to go lower. BUT first want to see a move away from the current price to keep the impulse on the lower degree valid. If it does invalidate the impulse down, would be looking for some sideways style correction. Only reached a bit past the .80 of the proposed wave A. but would still keep a flat as a possibility. If you have found this...
Watching this count. Looking for a move up here for the potential Wave C. Looking like a triangle forming on the smaller time frame so cant be a W2, unless its part of a combo. IF the move up comes, looing to play the proposed C wave down to 1K at least. If you have found this inspiring/helpful please consider a boost and follow! Also check out the links in my...
Well if ETH is heading up for a wave 5, I am watching the 1700s for a possible pivot point. There is some confluence in that area besides the Elliott Wave. But first things first. Break 1575 area. Wave 5s can extend but will have to see how the waves play out from here. 1700s are a big hurdle to over come. MO. If you have found this inspiring/helpful please...
There are a couple contributing factors that would lead to further down in APE, Algos and an Elliott Wave Pattern for continuation of the initial move. So watching for a swift move down and a break of the ZZ pivot. If you have found this inspiring/helpful please consider a boost and follow! Also check out the links in my signature to get to know me better! Cheers!
Well its back at its favorite support of late... break or bounce? Will be watching for a break of the low. A concise break, and Ill be watching for a corrective retrace to play off the underside. If it dips the low, could be a liquidity grab, then I would be watching for a bounce back above this area and a corrective retrace back to this level looking for further...
Getting the video rig back up and getting used to things again so apologies for some of the audio quirks. Working the issue. That aside still think some fun Elliott Wave info and some nice potential trade setups and things I am looking out for. If it inspires you or is helpful, hook me up with a boost, a follow and check out my signature more content. Cheers!
The waves are looking pretty clear here, MO. But, 82$ is the AOI im watching at the moment. It has played as a resistance and more recently a support. If price decides to move back up to this level I will be watching how it retraces there. If it prints rising PA and falling volume I will be looking for an entry, conversely a break above by a dilly and a retrace to...
Spx the bearish path has been playing out ok. This sideways PA looks like the market is biding its time until the FOMC tomorrow. So watching for a possible pump into the tomorrow but watching how it all plays out. 3950 is my line in the sand where I start question my bearish bias, but the bear is not invalidated at this point. If you find this inspiring/helpful...
Lots of great confluence where we got the bounce today, been tracking it for awhile now, but is this THE pivot and impulse complete? Is the question...hence the question mark...So I will be watching these levels and let the market tell me where the count is. Breaking 1470 would have me leaning more toward the impulse being complete. Depending how the PA gets to...
Only 2 possibilities after an impulse pattern in EWI Elliott Wave, either a retrace to take out its low or an internal retracement and then trend continuation. In this is situation I am seeing both possibilities, atm so its all on how this retrace plays out. If inspiring/helpful, boost and follow. Cheers!