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3-WAVE

On EW-Analysis we sould see 21k in a standard 61.8% correction This is a possible scenario of Price action based on Elliott-Wave analysis. The correction behavior of BTC is that usually it overshoots the correction levels. in 9 of 10 cases it did that in the past until 2018 in the lower wave counts. If it comes this way, it offers better buying prices. From hte anti crypto political development in the US, there is no reason to believe for now that BTC might turn up from here, and go on rise. This scenario is valid until BTC breaks 30k upsides. Until then I tend to stay bearish until we see 21k or below.
Short
by kiaZar
VIX - Elliott Wave Illustrates a Potential Bottoming PatternI've been tracking VIX since 2020. I believe that VIX is in a bottoming pattern and will start the next leg up to a new high soon. VIX doesn't act like an equity. Mainly because it isn't an equity. Its waves don't move like an equity. It usually operates in 3-wave segments over longer timeframes whereas equities operate in both 5-wave and 3-wave segments. Elliott Wave corrective patterns move in 3-wave segments. You can see a series of these 3-wave moves on this chart leading up to the previous high in early 2022 with light red Wave A. Following that top, I expected a 3-wave corrective move back down. Instead, we've gotten a very choppy, almost Darvas Box looking structure. I've come to realize that this is actually an Elliot Wave triangle pattern (labeled with circled numbers in pink) and I am expecting a bottom in the last segment of it, pink Wave Circle e, which will finish off the light red B wave. It should then start a 5-wave pattern back up to finish off the larger degree 3-wave structure ending in light red C. I've shown some basic extension levels to help predict the landing spot. The first is a 76-100% extension of the size of the light red A wave from the expected bottom of light red Wave B (orange). The second is a 123%-161.8% (the golden ratio) extension of the pink circle d wave of our triangle from the expected bottom of pink circle e (yellow). Each of these can be correct, and they could both be correct. Alternatively, since markets are merely a battle of sentiment, VIX could land somewhere else. We are, remember, looking at a volatility index that tracks S&P options. And the S&P is in a topping pattern of some sort of a bear market bounce corrective wave. But ultimately, there are two channels I've added to illustrate why I think light red Wave C will land where and when it does. The first connects the bottom in July 2021 to the expected bottom it is currently working on, with the parallel top line connecting the top of light red Wave A to the expected landing point of light red Wave C. This channel is in green. The second channel covers the trajectory of the light red Wave A from bottom to top and then extends its parallel companion from the expected bottom that we are currently working on. That channel is in blue. Both of these channels perfectly intercept each other at a key MAJOR Elliott Wave fib level that usually indicates a C-wave end (the 100% extension of Wave A from the bottom of Wave B). And it also happens to line up with the timing that I've predicted for the next bottoming event in the S&P 500 (not shown here). Lastly, all of this lines up with the fact that RSI is clearly in a bottoming pattern on daily candles and showing a potentially oversold state. There are many calculations not shown here so as to not clog up the view. I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors. My analysis is not a recommendation for a specific trade. -mazag08 - TastyWavez 2022
CBOE:VIXLong
by mazag08
6
Technical Analysis for a Bearish Alternative to SPY/SPXThere is a very strong bullish and bearish case for SPY/SPX. This is only an examination of a bearish alternative. I will be looking at these three elements Anchored VWAP (aVWAP) Supply/Demand indicator, a custom indicator which keys off motive waves and volume. This is a personal indicator only (please don't request). Wolfe Wave chart pattern Let's start with the aVWAP, the buy side and the sell side. The sell side is anchored on the SPX weekly highest high and we see that the price has reached the weekly sell side aVWAP, implying sell side volume that would need to be over come by buyers to break out. The buy side is anchored in two places, the last significant low on March 23, 2020, and the last swing low on Oct 10th, 2022. These aVWAPs imply strong buy side volume, and we can see they are converging. We can see how the sell side aVWAP is lined up with the Supply side indicator into a sell zone, similarly the buy side aVWaPs line up with the Demand side indicator into a buy zone. So far - we have strong buy and sell zones. Next we will look at chart pattern and see if there is any pattern that would align with supply and demand zones, and there is one which I appreciate, the Wolfe Wave. I am certain there are others, line Elliott Wave counts, but I will focus on the Wolfe Wave for this analysis. A notable point of mention is the retrace fib from bottom to top, the 618 fib retrace is around 4306, which is another level to consider for the 5th Wolfe wave, some might also suggest the current active SPX futures contract has reached this price level. Analyzing the Wolfe Wave: The End Point for a Wolfe Wave occurs when the upward diagonal/wedge converges, in this chart it is in the October,2023 time frame. The End Price is where the current price to End Point time converge with the diagonal connecting wave 1 and wave 4 of the Wolfe Wave. This implies a price level that is around 3400,and a look at the left side of the chart aligns it to the structure of the March/2020 top of the V shape. This also roughly aligns with the 618 fib extension of the two trends, the move from the SPX high to the Oct/2022 bottom and the trend up to the current 4300 price zone. I am only showing the fib extension from the last down trend, and the fib alignments are approximately the same, with TP1 at 618 and TP2 at 1.0 extensions. Trading the Wolfe Wave: Short Entry The traditional entry point for a bearish Wolfe Wave is when the price re-enters the ending diagonal (the upward wedge) drawn on that chart. That price is approximately 4220 on the chart. Target Prices TP1: the first potential target price is the buy zone around 3900, possibly in the July 2023 time frame. TP2: Reposition for another entry that extends deeper if the price goes below 3850 with a TP of 3400. Once again, it is worth repeating that this is only a bearish technical analysis. Bullish break out patterns also exist where the price will not re-enter the upward wedge and will continue toward new local highs.
OANDA:SPX500USDShort
by JohnBaron
5
ZPC with (big Wolfe Wave) Hi everyone :) We can see clearly how this pattern is ready to fly because it complete correction for big waves many things tell you it will be bullish you can see 1-2 & 3-4 waves is the same thing this fit with Wolfe-wave rules also 2-3 & 4-5 waves you will see the same move too We have many targets chose what you want or stay to be rich 🤪 Plaeeeeese be careful for this high risk coin this is just analyze not promise :) You can see below our last wolfe wave for the same coin $zpc and how we take 100% :)
Long
by TurkiTrade
HEX back to ATH for Christmas 2023? Could be!I've got a feeling... So, my call for Hex's bottom got a bit messed up as TV decided to re-generate the chart or something. That means my previous charts won't load, but my bottom target box was hit (check the related chart), and we've seen some nice moves since then. With Richard Heart's ETH-Fork Pulse Chain launch looking like it's just around the corner, there's a bit of a fundamental twist to my analysis. But getting back to all-time highs is just what good crypto projects do, right? Why Christmas? Well, bull markets often have a wild festive period, even if they keep climbing later on. So, I thought, 'Why not? It's got a fun vibe to it.' Now, the waves might not play out exactly as shown, but something along those lines seems likely. I've always relied on Fibonacci extensions for targets, and they usually match up well with previous levels when you look back. Good luck and have fun out there!
Long
by PhilHumphreys