From $880 either ETH is in correction waves as WXY or New Impulse as 12345
In both case, we count waves as below.
1-2, 1-2 moves are unfolding.
If the waves are correct then we may see a Blue(3rd) wave at least 161.8% around $2250.
As i discussed
ETH in 3rd wave. Today 1519 was low and now 1548 low made from high 1590
Now We can buy for 1995
SL 1 : 1545
SL 2 : 1515
Bulls will get strong above 1575/1600/1642
Bears will get active below 1515
As said yesterday ETH may see 1642 as completion of 1st wave on lower degree and it has made High 1644
2nd wave as forecasted down between 1574-1533 and it has made low 1519 on zig-zag correction.
Now 3rd wave we may see towards 1860-1995. Buy with money management for Target of 1995.
Elliott Wave -the Psychology of crowd
4th wave has been finished @ 1463
Forecast 5th wave :
Either 61.8% or 100% of (0-3)
There is more chance to be a 100% of (0-3) because Wave 3 is normal 161.8% of wave (1)
As Eliott said one of the three waves must be extended.
I am forecasting 5th wave may be extended up to $2000 and labeling as showing a chart.
As showing in chart
WXY complex correction is going on.
Zig-Zag X Flat patter appear.
Flat (abc) where c wave is running.
Inside the c wave (12345) wave is unfolding and now 3rd wave of the c wave may see upto 1400.
ETH had made low 1080 and how to deal with it at this level.
If BULL :
1st wave : 880 to 1280
2nd wave : As WXY correction and it has been completed at 1080 today's Low.
If 2nd wave is completed here then we may see $2000 in the second half of 2022.
If Bear :
down 1st leg: 1280 to 1080
2nd wave: we may see 2nd wave between 1150-1250
3rd wave: Towards 700 may...
AUD/USD Seems in a 4th wave channel as showing in chart.
Price now @ 0.69400
We may see towards 0.72300 if the pattern is flate or triangle.
Low risk entry @ 0.69400 with SL 0.69070 for the Target of 0.72300
As shown in the chart,
4th wave of the 5th wave is unfolding and "C" wave of the abc may see up to $1280.
5th wave forecast: 61.8% Fibonacci of (0-3) at $585 so the price action at 1280 is important for the final down leg between $500-$780
On 1 Hr time frame ,
Five impulse started from 78.851 to 95.800 is completed on 20th April 2022
A wave : 95.800 to 87.400 ( Unfolding as subwave abc)
B wave : 87.400 to 96.180 ( Unfolding as Inverted flate)
C wave Forecast :
38.2% fibonacci @ 89.200 is Target 1
61.8% fibonacci @ 85.400 is Target 2
Note : we can see correction pattern is inverted flat as B...
Current Price @ 1843.500
Wave 1 and 3 is normal
Wave 4 has given 38.2% Retracement of wave 3
Now Wave 5 Forecast :
Wave 1 and 3 is normal so i am expecting wave 5 will be the extended
100% of wave (0-3) is at 1921 so my first Target is 1921
Buy now @ 1843.5
On Higher timeframe USD/JPY in 4th wave complex correction
abc coorection as showing in chart for 128.700 may appear
"b" wave end at 127.090
once can buy now @ 127.200 with SL 127.090 for the Target of 128.700
On higher Time Frame C wave started from 3580.
Sub waves of C wave , (III)rd is unfolding .
As showing in chart (iii) might complete between 1650-1350
Subwave 4th of (III) is running and it may complete near 2190.
Price action at 2190 is important to sell for (III) wave ending near 1350.
Final IV may see up to 750-800 if the price stay below $2500.