Get started

5-wxy

EUR/CAD (W,X,Y) Elliott Corrective PatternI was able to spot a few key rules for why this might play out the way it shows. Starting from the high on March 2018 we can begin to line up our WXY pattern. Within that WXY Corrective waves, you can find the ABC correctives. I'll leave you to interpret how you see those but I left them out to make the chart look cleaner. - If you look at Fibonacci drawn from the High in March 2018 (0) to the Low in August 2018 (W) you can see that (X) has retraced to the .618. (You will have to place this fibs on your own as well. I have left it out to keep the chart clean.) - Using the Fibs Extension from (0) to (W) to (X) you can hope that price will hit the .618 retracement and that will complete the (A) wave for the (Y) correction. - The (Y) wave would be finished up at the purple resistance line. This is a resistance that has been tested for 2 decades. I've also used the distance measured from the first (0) to (W) wave to measure the (Y) wave. PS: I'm still very new to this so I know my terminology or TA might be wonky but I hope I get some constructive criticism as in confirming my analysis or showing me a way in which I'm wrong.
Short
by CrisBarr96
CHF/JPYChf/Jpy appears to be exactly following a bars pattern taken from CAD/SGD's recent correction on 4hr, take a look for yourself. It already broke trend line and is at the point in the pattern that the next move out should be the breakout to break last high, and a little more. Should it break the low again, I would anticipate a better buy from the 108-108.75 area, possibly a little lower, but that would be too easy and the bars pattern looks beautiful. Once it actually breaks out and takes off, trail your stop. Not necessary to risk that many pips.
Long
by thillygoosth
BTC primary countBTC looking close to finishing this complex correction, hard to say if its a 2 wave or a B, my larger count suggests this is still a B wave and we will end up making a lower low and testing 3k. However it always remains possible to break impulsively up and if thats the case we should see quite a bit of strength on the next move. Order blocks daily and 4 hour are noted and the falling wedge stands out nicely. Ideal trade is the retrace on the break of the falling wedge. The strategy would be to wait for the breakout and buy the first pull back on the 1hr time frame with a stop at the low.
COINBASE:BTCUSDLong
by jlantrip
USD/CADIf you consider UCAD to have made a leading diagonal (I do) then it just came of exactly the 27% extension of an expanded flat correction. In that case, we do not need to break the high and it can go all the way down to break the trend line from right here. The price action channel going up is very corrective and needs to at least correct itself at some point, but I think it is dropping. Everyone is looking left expecting it to make a triple combo just like the last big correction. Considering alteration of patterns I don't think it will repeat that.....
Short
by thillygoosth
Gold | Bear BiasAs our last gold analysis was canceled but price moved accordingly and is still within great R:R, we have decided to re-engage this metal - Price has set itself a beautiful expanding channel pattern with an accompanying ABCDE corrective sequence. As price currently sets on (E) , we should see price slump down further - The bear scenario is currently accepted and the bias is confirmed - Price is set to head for the 1197 area, while anything over the 1230.5 level is considered invalid
OANDA:XAUUSDShort
by WinterFieldFX
Eur/Mex Ending DiagonalThis is the daily. Diagonal seems to be in a wave 5 position of a "C" wave. Emex seems to be holding at the 27% extension of first wave (high came off the 1.382 trend fib extension). Both Umex and Emex are showing "B" wave corrective structure. And I would not be surprised to this diagonal double top (See USOIL). It broke bottom trend line and pulled slightly back up. I would wait for (hope for) it to correct up and trade it by sell stop order to catch it on the way down, but that's just me personally. It seems like a "W" count to me. That would mean an "X" wave next (3 wave correction, usually somewhat flat like in this scenario) which can be 50-75% (usually about 62%) retracement of the 3 wave move by the time completed.
by thillygoosth
BTCUSD The RoadmapThe reason why many people get confused when they look at the BTCUSD chart is that we have a rather complex WXY correction instead of the typical ABC or ABCDE. This chart is looking very good I made this count back in August (see original count down below) and it still holds true. It just took longer than expected. How is this chart structured? You see 3 degrees of WXY corrections (yellow, blue red). The yellow degree is the smallest and the red degree the biggest one. The Roadmap: Ok, so what can we expect? We are right now in the downwards push (Y of yellow degree and X of blue degree). After that, we will see a big push to the upside (Y of the blue degree and X of the red degree). This is the point where everybody thinks that the bulls returned. However, this is not the case, because we will see one more push to the downside (Y of the red degree). This is the point where the market will shake out most of the people, and then when no one cares anymore, that's the point where we will go for the next bullrun. I have similar ideas for LTC, ETH, and XRP, which I want to post over the next couple of days if you guys are interested. So, if you find this article helpful show it some love.
BITFINEX:BTCUSD
by aamonkey
7