A possible leading diagonal wave 1 or A completed with 5-3-5 pattern in July.
Wave 1 extension the longest with 5 wave pattern - wave 1.3 extended, RSI bearish divergence signal between wave 1.3 - 1.5.
Wave 2 retraced 61.8% of wave 1 ABC pattern.
Wave 3 extended 127.2% of wave 1 - wave 3.1 the longest and 3.5 the shortest wave.
Wave 4 - a falling triangle pattern...
Confluent Wave Analysis with price action and chart pattern trading setup:
> The third wave correction after doubled zigzag ABC pattern forming a valid inverted head & shoulders pattern with barrier triangle ABCDE wave - with confirmation fake breakout D and E wave.
> Entry at B-D downtrend line breakout / WMA50 week
> Target 1 @ 161.8% Fibonanci extension...
Double Combination Correction:
1. Flat with wave-A double B/C failure retraced < 0.382 of its small wave-a
2. Triangle breakout BB baseline correction but before the final correction formation completed with wave-e in triangle.
The BB baseline is broken with a potential wave-d false breakout - possible upcoming wave-e retesting the BB-line at the triangle...
A potential double combination scenario with double zz - X - triangle ABCDE with a false head & shoulders breakout D wave - could retraced as high as 0.786 fibonanci of previous wave and possible E-wave coming for liquidity zone.
A safer long entry @ wave D breakout after liquidity targeting at the next liquidity zone +110%.
Tesla : Wave projection with a triple combo correction scenario - 1. extended flat 2. zigzig 3. potential a triangle reversal pattern breakout downtrend line.
This week is moving below wave b.b.b downtrend baseline, squeezed between ma50w and ma200w - still choosing breakout side.
The price could retest and fakebreak ma50w - a possible short entry targeting near...
A potential bullish scenario : 1st ABC correction zigzag pattern with upcoming wave 5 of c-leg targeting 0.382 retracement of previous 5X motive wave move between 24-25K
However, wave 1 and 3 in c-leg are extended, wave 5 can be the shortest wave and truncation is still possible.
Action: A safer long entry can be placed when breakout downtrend line 2-4 or above...
Wave Analysis with price action and chart pattern trading
>A potential bulltrap scenario with fake bb line breakout with d wave of expanding triangle in major wave III.
> wave d - targeting at price rejection zone 1.0 - 1.272 fibonanci extension of wave a
> wave e - tp1 small wave a of e correction pattern possible target 1 at 0.618 retracement of wave d @ ma50w...
WBD : Wave projection - weekly price action and chart pattern analysis
> The downtrend channel 5 motive wave breakout with a possible valid inverted head * shoulders pattern formation
> A potential ABC correction uptrend pattern - a typical wave b bull flag pattern for right shoulder pattern targeting at 0.618 - 0.786 fibonacci retracement of wave a.
Wave Analysis with price and chart pattern
> A possible ABC motive wave bullish scenario with a doubled bull flag pattern support, the price currently within the second bull flag local pattern.
> This doubled bull flag is forming a major inverted head & shoulders reversal pattern.
> Medium term target @ upper rising channel resistance for bull flag pattern + 50%...
The price is currently trading just below 200SMMA as the key resistance under the assumption that its major 4-wave triangle breakout could be possible with double bottom pattern and MACD golden cross.
This bullish scenario has the downside is -8% and the upside is +10 - 20% with RRR: 1.5-2:1.
BTC classic reversal move > Inverted head & shoulders turning into cup&holders
Target cup&holder at the same level of previous mega falling wedge
Possible a bull flag move forming holder pattern at 0.5 fibo retracement zone
SHORT ENTRY NOW! and Long at bull flag confirmation pattern breakout TP +70%
Price action and chart pattern trading:
> A possible ABC correction - C-wave trend reversal in progress
> Falling wedge local trend breakout EMA20D resistance making an inverse head & shoulders pattern.
> TP1 @ SMMA50 as key dynamic resistance and TP2 @SMMA200 with +20%++ upside
> Entry @ Neckline breakout with Stoploss @ H&S head position -8%
> Risk reward ratio:...
Price action and chart pattern trading setup
TFD - Elliott wave analysis
> A possible 4-wave correction descending triangle with subwave B breakout expected to retraced 0.618 - 0.786 of subwave A scenario.
> Entry @ breakout triangle after downtrend subwave c completely retraced
> Target @ 5-wave upper resistance zone 1.618 wave 4 extension and 2.618 wave 1...
Wave projection with price action and chart pattern analysis
Ape price recently breakout MA20 and squeezed under MA200 - MA20 about to golden cross MA200
If breakout MA200 successfully, a possible ABC pattern uptrend about to into an explosive leading diagonal wave 5 targeting 1 - 1.618 extension of wave 3
When a deep consolidation in wave 4 happening almost at...
Price action and chart pattern trading
> Wave pattern - downtrend ending diagonal 5 wave.
> The price continued to make lower high and lower low reached 0.786 extension of 4.1 wave and T1 head & shoulders target with a hammer candlestick.
> Candlestick pattern squeezed at this key level a possible upcoming false breakout of 4.4 wave before making its final...
AVAX price breakout SMA50 with bullish pennant pattern, possible ABC pattern retesting mega inverted head & shoulder
TP 0.618 - 1.0 fibonacci retracement of wave B +25% upside
S1: SMA50 17.50 and S2: SMA 200 16.00
Wave projection combined with price action and chart pattern trading signal
> After a sideway breakout of mega falling wedge - the price pattern breakout of MA200 and made 2 false breakdown with a doubled bottom formation.
> A potential ABC uptrend pattern now retesting MA200 confluent zone support at key volume profile POC and golden cross MA20x50.
> If breakout...