Here's my Elliott Wave analysis for TIAUSDT, outlining a potential complex corrective structure.
Primary Scenario: Large ABC Correction
I've identified a primary three-wave correction (Big A - Big B - Big C).
Big A: A completed three-wave (a-b-c) correction with a deep Wave B (100% retracement) and an extended Wave C (1.414 extension).
Big B: A shallower three-wave (a-b-c) correction retracing 0.382 of Big A.
Big C: A deeper complex correction retracing 1.272 of Big A, unfolding as a W-X-Y structure. The sub-waves of W and X appear complete, with Wave Y currently unfolding.
Alternative Scenario: Triangle for Big B
An alternative interpretation suggests Big B could have formed a complex Expanding Triangle (a-b-c-d-e). If this is the case, the subsequent move (currently labeled as part of Big C in the primary scenario) would be the wave following the Triangle's completion.
Current Outlook and Bias:
The long-term structure suggests a significant correction is underway.
Primary Scenario: If Big C's W-X-Y structure is complete or nearing completion, we could anticipate a potential move in the opposite direction of the overall correction (bullish if the preceding trend was up).
Alternative Scenario: If Big B was a Triangle, the direction of the breakout from the Triangle will dictate the subsequent move.
Primary Scenario: Large ABC Correction
I've identified a primary three-wave correction (Big A - Big B - Big C).
Big A: A completed three-wave (a-b-c) correction with a deep Wave B (100% retracement) and an extended Wave C (1.414 extension).
Big B: A shallower three-wave (a-b-c) correction retracing 0.382 of Big A.
Big C: A deeper complex correction retracing 1.272 of Big A, unfolding as a W-X-Y structure. The sub-waves of W and X appear complete, with Wave Y currently unfolding.
Alternative Scenario: Triangle for Big B
An alternative interpretation suggests Big B could have formed a complex Expanding Triangle (a-b-c-d-e). If this is the case, the subsequent move (currently labeled as part of Big C in the primary scenario) would be the wave following the Triangle's completion.
Current Outlook and Bias:
The long-term structure suggests a significant correction is underway.
Primary Scenario: If Big C's W-X-Y structure is complete or nearing completion, we could anticipate a potential move in the opposite direction of the overall correction (bullish if the preceding trend was up).
Alternative Scenario: If Big B was a Triangle, the direction of the breakout from the Triangle will dictate the subsequent move.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.