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Complexcorrection

Small Caps Russell 2000 Looks Attractive: Elliott WavesHello traders and investors, today we will talk about small caps Russell 2000, in which from Elliott wave perspective, we see a completed 7-swing complex correction from the highs. Russell 2000 topped and completed its 5th wave of a five-wave bullish impulse already back in November 2021. Since then we can see slow, choppy and overlapped wave structure that we see it as a correction within uptrend. It's ideally a complex 7-swing A-B-C-X-A-B-C, called also a double three W-X-Y corrective pattern. A Double three is a sideways combination of two corrective patterns. It's a complex Elliott wave that is subdivided into three minor waves W, X and Y. Its internal structure is (3, 3, 3). In effect, the number three relates to corrective waves, therefore the structure (3, 3, 3) indicates that the WXY wave pattern is composed of three distinctive corrective waves. • A combination of two corrective structures labelled as WXY • Wave W and wave Y subdivision can be zigzag , flat, double three of smaller degree, or triple three of smaller degree • Wave X can be any corrective structure Well, if we are on the right path and if Russell manages to recover back above 1920 region and resistance line of a corrective channel in current risk-on sentiment, then we can easily confirm support in place and bulls back in the game. All the best! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CME_MINI:RTY1!Long
by ew-forecast
1
Aussie Is Approaching Potential Resistance Ahead Of RBAHello traders! Today we will talk about Aussie (AUDUSD) in which we see slow price action and corrective wave structure since end of January that can be now approaching important and strong October 2021 highs resistance area ahead of important RBA. From Elliott Wave perspective, we are tracking a complex 7-swing A-B-C-X-A-B-C elliott wave corrective rally which can be nearing the end, as we see it trading in final stages of wave 5 of (C). The main reason can be a break out of wave 4 elliott wave triangle pattern that suggest final leg before a reversal. From technical point of view, we see it coming into important channel resistance line connected from the lows and interesting Fibonacci levels that can stop anywhere here in the 0.7550 - 0.7650 resistance zone. Trade well! If you like that we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
2
TATA STEELHello and welcome to this analysis on TATASTEEL From the recent highs after a tremendous rally for around 15 months TATASTEEL reversed and has so far shown all indications of a complex corrective within a falling channel. After completing a WXY in end NOV near lower channel it bounced back to the upper end of the channel but in a corrective structure till mid JAN and then dropped sharply. Now going forward if it holds above 1085 it might once again attempt a retest of the upper end of the channel near 1225-1250 to complete an X wave and from that level it could resume the last leg Z of the complex corrective till 900. Key levels to be watched 1065 if breached now then bounce would be ruled out & 1300 which would negate the Z leg of the complex corrective.
NSE:TATASTEEL
by Dinesh_C_Nagpal
Bitcoin Analyze (Counting Waves + Symmetrical Triangle)!!!Hi, sorry, I don't have time to explain more about this post, because we are talking about a timeframe 15min⏰(I hope that is useful). Bitcoin Analyze ( BTCUSDT ) Timeframe 15min ⏰ Location🌊 : about the location of Bitcoin , please read my post with the topic '' Bitcoin Analyze (Counting Waves)!! !''. Live : we saw 5 impulsive waves from 36383$ until 40848$ . now we are on Corrective Structure ( Flat (3-3-5) + Complex type(WXY) ). waves W (3 microwaves) & X (3 microwaves) made a Symmetrical Triangle and I am expecting that Wave Y can decrease to 38500$ until 38200$. also, MACD is in a Symmetrical Triangl e too, and RSI is playing on Descending Channel . My Suggestion : please do NOT buy Coins for Midterm and Long-term investment until the market finds a way ./ you can find triggers for opening Short positions( short term ). Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Short
by pejman_zwin
30
BITCOIN-Target remains same to 47k$ in 3 waves.Market Commentary: LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO... First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish , if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE... Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves ...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analyzing the pair and labeling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP. I am a technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES ...those mentioned above are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labeling according to the price action. All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
BITFINEX:BTCUSD
by nmkvijay
EURUSD - Elliott wave – update count wave – minor wave 2 unfoldi minor wave 2 of intermediate wave (3) unfolding in abc wave a looks over in a leading triangle – wave b should follow in a corretive mode ALT: inermadiate wave (2) is not over – movement from 1,1700 to 1.2260 is corrective minor wave X is over – wave Y should follow in a double zigzag trought and behind 1.1700 level - 1-2 , 1-2 - 1-2 unfolding. critical price area previous daily close 1.2125 PP 1.2145 DW
by francescoforex
1
Elliott Wave Analysis: ETHBTC Is Finishing A Complex CorrectionHello traders! Today we will talk about ETHBTC cross cryptocurrency pair, which we see it finishing a complex W-X-Y correction from the lows and it can be approaching important 0.05x resistance area. ETHBTC is in the recovery mode since September 2019, but the price action is quite slow and the wave structure is overlapped which indicate for a corrective movement, ideally a complex W-X-Y pattern that can be nearing the end as we see it trading in final stages of wave (C)/Y, so be aware of limited gains and watch out for a potential reversal down soon. The main reason for a reversal down is strong 50 support level on BTC.Dominance chart, while ETHUSD can be finishing a five-wave cycle within extended wave 5. We believe that reversals may occur exactly when ETHUSD completes its 5th wave. And, if we consider that BTC.Dominance may step back in, then ETH and other ALTcoins may suffer more than BTC in second part of 2021, so carefully in upcoming days/weeks. "Sell In May And Go Away"? Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Short
by ew-forecast
BTC - Brainstorming Next MovesBackground : Well it has been a heck of a week for Bitcoin. By now many investors are questioning when and if Bitcoin will regain bullish momentum anytime soon. Conspiracy theories aside, we did enter a healthy correction posting an almost 30% drop from our ATH and retracing to the 38% on the fib retracement. Unfortunately the corrective pattern was far from healthy, led by a flash dump that liquidated billions of trade positions in an hour; and after what felt like days of fud that followed, the final straw today was news of the US possibly taxing capital gains at rates in the 40% range (for incomes over 1 million). Today : Following the news about possibly increased capital gains tax, most markets saw a drop. Its timing unfortunately came as Bitcoin was trying to rally from its flash dump and subsquent corrective pattern. This led to further drops, with a wick on the daily down at 47.5k that was quickly bought up. Forecast: To be honest its a tough place to be. I think the average bear expects a drop to as low as 42k, with more moderate targets around 45k. Bulls at this point are fairly demoralized and probably happy to hold over 50k, but targeting 52k next. Personally I find fundamental analysis and market data to be rather bullish still, so I think 48k is the lowest practical price, but 50-51, appears to provide healthy support currently so far and that aligns well with our price volume data. My guesstimate at this point, we entered a corrective pattern mid March, that continues on as a complex correction into early May. A lot of interesting external factors seriously affected the Bitcoin price along the way, this The pattern is still painting so bounds of this correction are speculative at best right now, but I see us ranging across a flat correction into May. Speculating based on volume, we might see a decisive move away from the correction by 19 May. The best case scenario is we range within the 50-55k range, working within different value areas until breakout. This will give alts another healthy session to grow (3k ETH anyone?).
COINBASE:BTCUSD
by 1BigPapi
1
SSYS: Will it make a new all time low?Figured I'd keep the trend of 3D printing stocks going. This is one I bought after the "crash" and just sold for a loss. After seeing it not reverse I felt I should re evaluate my analysis and see where I went wrong. I thought the correction was over at the 11.91 low. bought on a setup on the 1hr which initial looked good, but then became a flat to continue down. I'll post that in the comments. I see some inverse correlation between this and the 2 other print stocks I follow DM, and NNDM. It looks like both of those are getting ready to continue on the uptrend, and this one looks like it will continue down to make another low. After this happens I'd like to look for buy setups again. Until then I'm watching for a correction within this bearish impulse to confirm my current count. What's your favorite 3D printing company? Thanks for looking!
NASDAQ:SSYS
by adambiers