Abcpattern
BTCUSD: Elliott Wave AnalysisFirst BTCUSD analysis on my page. I believe Bitcoin is super volatile but after the boom in 2017 we can expect that the big boys who move the market have done their research by now. As you can see, bitcoin has made its way 5 moves up from the lowest price, ready for an ABC correction.
Lets see if the market respects it!
As always, this is for educational purposes only, I am not a financial adviser.
XAUUSD: LOOK FOR SHORTS SOON!Setup Overview: I believe gold has completed its 'A' pattern of the 'ABC' correction structure. Now that we have this data, we can make an educated guess that the market will go for shorts around the 1573 to 1583 mark (red zone drawn above). It's important to monitor price action in this zone before placing a sell order (because of the 100 pip differential between the top and bottom of the red box drawn). This is the zone between the 50% and 61.8% move that usually reverses the market on a 'B' wave.
Profit Overview: Gold has a history of wave 'A' and 'C' being the same length (or 200% of wave 'A', however you want to look at it). However, I have put take profits between 150% to 161.8% of wave 'A' to ensure we will be taking profits at the first stop on the way down as most probably will be.
Risk on sell: Make sure to widen stop losses because as in any 'ABC' correction, wave 'B' may retrace to the 78.6% line.
As always, this is all just for educational purposes, I am not a financial adviser.
Good luck Traders!
AUDUSD ELLIOTT ABC PATTERN FRACTALHELLO GUYS
I did mistake in counting AUDUSD In my last analysis
This counting it can be happen not previous analysis about AUDUSD
Buy levels for btc Bullish stage Elliot waves correcion basedi take the 30 min chart to explain clearly the main levels by trading btc this week, if the trend line broke down i gonna change my vias
Gold... Let's talk about cycle ! Hello guys,
Today is a magic day, I have waited to post you this trade for months. The last big guys on my radar are SP500 and NQ but there are not ready for now !
So about Gold : After years of consolidation (first a bottom range, then a breakout). Gold has finally reach today the magic 0.618fibs and complete, at the same time a perfect 1.23 fib extension on logical to achieve his ABC correction of a "potential" major B wave. If you want to compare with crypto, BTC after falling to 3300$ had reach this 0.618 too and then fall around 50%.
"Potential" because at the time of writing, it's more or less impossible to predict the exact religion of the C, but one thing is sure for me : in this price structure, there is now a perfect trade with low-risk/high-gains ratio. A ratio with potential more than 1/10 reward.
Indicator confirmation : RSI shows bearish divergence with potential H&S.
If you like the idea, please support my (free) work with likes, comments, follows and shares !
Feel free to ask additional question. I'm always trying to answer you under my char or in PM.
AGAIN THANK YOU FOR YOUR SUPPORT, WE ARE NOW MORE THAN 1500 !
In description you will find my others actives trades which are still in play for now ! (BTC, GBP, Silver, stocks)
DISCLAIMER : I'm not financial advisor. I can"t be responsable for your losses. You trade at your own risk. And short is always risky ! I'm do it for my personal entertainment.
US30 @30K?!? Path to ATH: Lower Before Higher; Ride the RailsChart says all. US 30 trending in pitchfork straight railroad track pattern. Bear signal on 12/30/19; comes at or near completion of 5-wave Elliott impulse.
Expect Bear down until it taps the lower rail; a bounce from there into Springtime will finish at 30K, intersection of top rail. Short until ABC completes; then all-in Long.
This isn't investing advice; trade at your own risk! GLTA!
ABC trend reversal signal (fibonacci 3 point)Merry Christmas everyone and happy holidays!
Welcome to another analysis, this time on the EUR/USD pair
I use fibonacci retracements to look for support/resistance levels. I prefer to see prices respect the fibonacci levels from start to end.
What im looking for is a retracement of minimum 38%, once this criteria is met I begin to plot the fibonacci projections tool to measure the most accurate future support/resistance levels
This tool is also called trend based extensions on TradingView
If price finds support/resistance above 50% projections, i am usually expecting a continuation of the impulsive wave or trend, but only after a pullback. From here I want to see support/resistance at approximately 11% projections and then trade in the direction of the trend.
If price finds support/resistance below 38% projections I am expecting a trend reversal.
In this chart you can clearly see support at 38% projections as price found buyers stepping into the market here.
The buyers are fighting for the higher lows and a higher high is now expected.
The most realistic target would be 1.28x at 78% ab retracement.
Thank you for reading the analysis
Please dont forget to like the chart and make sure to state your comments in the section below
Thank you guys for all the support I really appreciate it!
God bless
XRP ABC Correction Pattern $0.15 IncomingABC correction pattern from using the Day chart for XRP/USDT on Binance.
Based on FIB Retracement, "C" would put us at the 1.618 level ($0.15043) which is a level I’ve been having my eyes on for a while now. With this ABC pattern it confirms that my previous thoughts could come true.
Many see this as a bad thing however XRP at $0.15 is something many who bought at the ATH’s never thought they’d see again but guess what? Christmas will be special. I believe $0.15 is the bottom for XRP and the sooner we get there the sooner we can head to new ATH’s in 2020.
Now is not the time to sell, we're so close to the bottom. When we go sub-20 Cents, that's the time to truly BUY!
Gold with good risk & reward at current levelsIn the first analysis I expected the turn around point for Gold to be a little bit higher. However the setup is still in tact as long as we don't leave the blue area to the downside. Therefore a ABC movement up could be in play with a good risk reward ratio at current levels. Price action seems to be confirming the idea so far.
Eurcad sellThis trade came to a great spot and gave us a beautiful engulfing candle. I will look to take this to the bottom of this pattern and further if it breaks down.
USDJPY BUY SETUP.Hello guys, there's a possibiblity that the Yen just completed a flat pattern for continuation to the upside. So waiting for a flag or a nice entry level on lower timeframe is a good idea.
Please leave a like so other members may see this post.
Thanks and trade with care.
USDCAD a very short term Buy hey fans hope you doing good ....well this is the the next move of USD CAD expected .....it is a very short term buy .the correction can go little bit deeper :) dont miss these pips.GOOD LUCK
AUDUSD ABC Correction ComingAUDUSD has bounced from a yearly low and is starting to show signs of a reversal pattern. Waves 1,3,5 are impulse waves which you can see broken down in the 5 wave (light blue). Waves 2 & 4 are corrective ABC waves (pink). The purple shows the completion of the first 5 waves which represents wave 1 (white) of a larger Elliot wave cycle. Wave 2 (white) would be the ABC correction of the larger wave 1 (white). Following the fifth wave (purple) is usually a larger ABC correction (pink) of the entire first wave (white). This upcoming ABC correction would represent wave 2 (white) of a larger Elliot wave cycle. Potential targets for shorts would be 0.67900 & 0.67500. If price consolidates around the 0.67500 and begins making a impulsive movement up we will look for a long opportunity. This long would potentially be wave 3 (white) of the larger Elliot wave cycle. Will update after the completion of the ABC correction. This is for educational purposes only. This is in no way intended to be financial advice. I am not a financial advisor.
btcusdthis is the last wave!
this wave must be an abc pattern with 3 sub-waves, and then the downtrend begins...
TLT, how do we predict time?A question traders ask themselves a lot, especially options traders is WHEN exactly price will hit certain targets. By using a Fibonacci timing tool that uses a high as point 1, a second later high as point 2, and the low in between them as point 3, we can project Fibonacci extensions that indicate potential trend reversals, or in this case aggressive extensions of the existing trend to the upside in TLT. One can see from the arrows in this 2 day candlestick chart how accurately the tool has worked is the past but where are we now? I think we may have topped short term and are currently in the B leg of an ABC correction (this is invalidated by TLT making new highs). We may top in the B wave next week (10/11) and if the B-C leg of the correction is equal in duration to the A leg then 10/29 may mark the bottom in the 130s, that is another timing tool one can use for ABC corrective moves. Please ask any questions.
ABC almost done?Matic seems to move in these corrective patterns. could see as low as 0.00700. but if btc stops around 7.4k. matic should be safe above 0.00900 with a new high after
BTC coming hours for last leg downwe should see one last wave down making 5 waves, it wont look as clean as my waves but somewhere we should make out 5 of them. in a bigger time frame this would be completing a full ABC correction. i will link my chart i made back in july and have been updated with this correction. once this plays out. in a few weeks ill be updating as the bull market moves on
