On daily chart ada now is forming wave 5, target for normal wave 5 had reached, if price keep extend next level to watch is 3.9
On the weekly chart we can easily count abc correction, so we can expecting after that is bullish move on reverse direction, let zoom in and see what happens on daily chart On daily chart after making a 5 wave move test the low price had reversed immediately by strong move. Last candle is reverse candle so we can expecting a correction of that move, than form head...
Elliott wave target is quite accurate target zone help you a lot in trading As this chart and thumbnail chart I expecting price come down wave 4 or continue go to yellow target then make wave 4 So how can we target, firstly to target wave 5 we have to identify which wave is extension • If wave 1 is extension We use Fibonacci extension 012 With 0.618(major), 1,...
After making 5 wave price had correction look like abc flat, near resistance is 330 if it hold 330 may be price will bounce, otherwise it will continue bearish momentum
UNH as we can see we are in wave 5. But price still range around channel, price need to show strength of wave 5 break last high we can confident to buy, possible target if wave 5 continue is 460 of ext 3 target, and nor ext5 target
On daily chart we can easily count 5 wave end in target type 1 ext 3 and price break channel After making 5 wave we expecting abc correction or new trend move in reverse direction Let zoom in first up move after wave 5 Look like it is a abc correction so if it stop and resistance by wave 4 we will have 3 situation happen 1 price will continue downtrend form ext...
By auto Elliott wave count indicator we can see current wave is wave 3 and target for wave 3 is 160 fib lv area Now let count smaller degree When count smaller degree we can see that wave 3 now in wave 5 of 3 with target upper channel and 155 area target type ext 3, if it reach that zone I'm expecting we have a correction than complete 5wave pattern
Price try to turn back by impulse but it resistance by trend line than reverse it look like in wave c now
A big red candle today test trendline expecting it break 46500
After making 5 wave with ext 1 Look like price now in correction, first leg have broken below 24 trendline, look like it is 3 wave it may be flat correction if it can rejected trendline then break below that low 46500 of wave a it can go lower to wave 4 of previous impulse at 44000 Note: I have add some stupid adv count for indicator to have better scenario of...
Amd now in wave 5 look like it form 5 wave small if wave 5 is still keep gross possible shortern target is around 140 area, it is fib lv in regular log and upper channel in semi log
Possible target 4600 price still response channel, wave 5 not end yet
Dow now in wave 5 if it can hold trendline it can reach Target 36400
Price near upper channel of last channel and Target zone
W5 has reach Target, price still in channel, I think wave 5 will end soon price look choppy
W5 confirm now is correction if it hold trendline it con go up more otherwise bearish
Target wave 5 NVDA in logscale, in regular scale is 240 area, expecting market continue bull to 260
Look like price want to end w5 before reach Target zone