Bitcoin dominance is clearly laid out in elliot waves. Alt season is here?! Who knows? Good luck!
Hello guys The price jump was very unexpected last night Due to Elliott's structure, we expected a final correction wave But it didn't happen So what should we do now? We can count this as no correction wave because the last wave structure was not formed and only a correction for its previous upward microwave If we look at the overall surge, we can still say...
we should see one more wave up from here. 1st target 0.01550 and 2nd 0.01650
We have in the descending wedge, look the waves 12345 and ABC... So the C could to be the good support to long and so, the bear market would to be at the end... I pray for me et maybe for you... But me in priority :p
Elliot cycle ending of the ABC looking for a new impulse, blue zone is the reversal zone
Numbers on the right of the chart are my fib retracement numbers, numbers on the left are fib extension. Wave 4 finished at .382 almost perfectly. I have set my take profit target between .618 and .786 for the 5th wave as we also have a small resistance point at that level.
Changed my count to an expanding diagonal, although fairly rare, i can't really see it any other way at the moment. Remember Wave 5 must be longer than Wave 3 but can under throw an not touch that upper trend line. Cheers, Marc
Testing strategy, buy limit, red lines are possibles SL looking for an impulse, might break the structure, if so, we could even try to find a higher TP
If my count is correct (12345), I believe we have a pretty clean long position here.. (Can a '12345 corrective' come immediately after an ABC? I'm only beginning to learn Elliot rules.) Channel looks good, take a long with a stop shortly below the 2 and 4 position, below the channel. I feel like if that doesn't hold there isn't much evidence for a long. About...
may be this position for gold,,,,,first ABC correction then upside to make complete 12345 pattern then downwards for last target in purple...
Volkswagen down side. On the Technical Analysis approach, I'v given two scenarios on how it might develop in the near future, but remember the chart is a long term forecast. We'll see how it goes..
On the daily chart of UPS shares, the instrument is moving in a steady bearish trend. The Subwave structure shows us that the 5th wave should take place. Thus, I`m going short on the bearish push signal breakdown. Trade levels are displayed on the chart.
On the hourly chart of EURNZD, the price is forming 1-5 wave movement. Breakout of the latest fractal above the red line of Allingator indicator is my buy level.
Currently price is looking to complete the 5th wave at the 78.6% Fib. If price completes the 5th wave look for opportunities to short this pair.
After a correction WXY (double zig-zag) we are on the way to a 1 2 3 4 5 impulsive wave, breaking up the downtrend line of the last two months. Bull flag Chart Pattern being applied The recent good news about "Coinbase Custody" is targeting institutional money, making the moment good for the bulls. www.coindesk.com
Look to go long at market price and watch for the breakout. Hold trades until the 150.900 area is reached.
GBPJPY is near the trend line, and RSI showed oversought Enter trade when it passes 148.25 point.
Just made video without sound were I show some Elliott Wave counting on the DAX... Leave a comment if you have any questions and press that like button.. Thanks Omar Djurhuus