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5-wxy

Elliott Wave & Harmonic OutlookI think we have a corrective bullish ABC structure being forming in progress , in which wave A is a Leading Diagonal , and the current wave forming is B which is WXY corrective pattern and can ends down to the pink 1.618 fibo level , but I think we have a good possibility for that corrective wave to end at the pink 1.0 fibo level as near that level an Anti Nen Star Harmonic Pattern will be formed . That green zone is a strong PRZ to the up side to form the final bullish wave C as long as price holds below the dashed red horizontal line , short position can be placed to 1.0 pink fibo level , then look for any signal to go long as long as price holds above the pink 1.618 fibo level
by MohamedMagdy
EURUSD. Map has changed. Possible W-X-Y.Hi there, The previous model was broken when the price breached the downtrend. The price moved beyond the start of the wave W and it could hit higher level to reach 1.272 of wave W at the 1.1977 mark. After that we could see a strong downside move. It is possible to see a double zigzag as it was highlighted on the chart. Would it be an Expanded Flat or a Running Flat it is uncertain yet. That is why I added 3 possible target levels to the chart (dashed horizontal lines) contoured with white rectangle.
by aibek
BTCUSD - What goes up......must inevitably go down. Bitcoin has had an explosive run up from its extended consolidation below 3000. The Impulse from 1850 to 4400 bears similar structure to the previous "A" subwave 370-1140. the 4h RSI is now below 50, and the upward channel is broken. I consider this the start of a corrective period which should conclude at the previous breakout 2960. Judging from previous structure, we are now in an abc wave which bottoms at 3200. Following that BTC should enter a pennant which likely breaks in the direction of the trend to 2960. there is, however, a 25% chance that it breaks upward. This should play out in 2-3 days, so a swing short position could be in order. Following this correction, i expect BTC to start the "B" subwave which has a target of 5300. This Idea builds on my earlier "Bitcoin - past, present and future", which should further explain this structure. Thanks for watching, Happy trading!
BITSTAMP:BTCUSD
by Paltsmet
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