BTC form is indicating an ABC correction pattern down (see my monthly BTC chart). If correct, price should move down hard from here as a wave C. There are three possible targets shown. However, C waves tend to extend, so lower targets very possible. The move down should be a 5 wave pattern.
After completing 5 waves up from the previous low, expecting an ABC down corrective wave. Current price action suggests form is in the wave C (blue) down and should complete at any of the three targets shown. This form is fluid and hypothetical and will need a strong move up from Wave C bottom to confirm. Lets see what happens.
Price has moved up in 5 waves and appears to be complete. This would be a larger degree wave (1) of (circle on chart). Expecting price to move down as and ABC to the 3, 4 area . From here it should move up as a wave (3). For those in BTC it may be prudent to take profits here or put in a sell order somewhere below.
XLM- Lumen forming a potential inverse head and shoulders, cup with handle, as well possible 1, 2 form using Elliott Wave. Initial target is the cup trough distance (blue rectangle) then Elliott Wave 3 at 1.681 of that range. Lets see what happens.
Perfectly proportioned head & shoulders pattern in the DAX index. Wave count appears to be in a wave 4 up of 5 waves down. This could be the end of a wave A of a developing ABC pattern. Levels shown are Gann levels. Let's see what happens.
Gann overlay on SPX from Winter solstice 2017 to Winter solstice 2019. Gann routinely used seasonal cycles for his "box" overlays. For this chart I am using a 2 year cycle which appears to be in harmony with trend changes (see the vertical lines in the box). These price levels and time frames are based on segments of 8ths (0,1/8, 2/8, 3/8…..7/8, 1). The Gann box...