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Complexcorrection

Bitcoin Elliott Wave Sequence Geared for Bears | Jeremy WagnerHi, Bitcoin's sideways grind is meant to lull traders to sleep. There are some bearish patterns bubbling inside this range that points prices towards the low 8000's. We have a completed 5-3 pattern where a bearish impulse wave (the five) is followed by a complex correction higher (the three). This 5-3 pattern began on June 22 and completed on July 8. This implies bitcoin prices are ripe to turn lower from near current levels. Technical support and wave relationships begin to appear near 8400 and 8235 with even lower levels in play. The risk to reward ratio is strong from this levels in that if prices increase above 9500, then there is another pattern at play. Good luck!
BITFINEX:BTCUSDShort
by JWagnerFXTrader
SSIA idx stock :Example of Complex Correction Wave Here is the example of complex wave calculation based on elliott wave principle. Overall complex correction wave consists of 5 combined wave (w)-(x)-(y)-(x)-(z). These complex correction played out for very long period time thus can be very confusing. (w) wave is a zigzag of a-b-c, followed by triangle a-b-c-d-e (x), another zigzag a-b-c (y), followed by flat a-b-c (x) and last, completed with zigzag a-b-c (z). This educational analysis provided also with example entry strategy, my entry strategy placed on top of last wave 4, why? Well, it gives slight confirmation that the (z) wave of zigzag is completed. The stop loss placed on the very bottom of (z), which means the invalidation zone. Apparently, this strategy only compatible for a long term investing. This educational analysis is not a financial advice, you should do your own research and always make sure to criticize before consummation. And last, because the asset is stock, always compare with the fundamental condition of the company. Thank you, share and like if you found it helpful!
IDX:SSIAEducation
by danuto17
Gold | Short | Elliott Wave Theory | Jeremy WagnerLonger term top may have formed in gold earlier this week. We sent an alert to subscribers on Tues May 19 with a full analysis and entry points with risk. The up trend since 2015 is a double zigzag pattern labeled w-x-y. I can count the minimum waves in place at the May 19 high. A lot of harmony is found within the w-x-y waves and subwaves. Prices are sitting on top of the 78.6% retracement level so this is the retracement of last resort. Silver is at a resistance level too. Let the market dictate if the top is in by falling below support levels as that will be the trigger into a longer term trade. According to the Elliott Wave analysis, I'm looking for an eventual fall below $1,000 for the price of gold. This will have an effect on GLD too.
OANDA:XAUUSDShort
by JWagnerFXTrader
12
APHA SHORT>5-3-5 Grandsupercycle Complex Elliot Wave WXY Zig-ZagAs the title suggests. After a plethora of analysis. I believe we are just about to begin the final 5th wave down to complete a WXY complex zig-zag on the grandsupercycle timeframe. This theory corroborates my other NASDAQ predictions previously posted. This theory, that we will see multiple legs down and extreme volatility in the coming weeks. To complete the analysis, there is an incoming dump which will take weedstocks to new lows, APHA included. Then there will be a rebound of the stock markets over all, and then another leg down. However, on this next next leg down, APHA will not make a lower low. It will set first higher low. TLDR: APHA to possibly 0.80 cents USD ALTERNATE COUNT: That wave 5 is already complete and there is no final leg down.
AShort
by thatsblatzphemy
4
RIPPLE - BULLISH STRUCTUREFundamentally, it will go if Bitcoin drives the growth. WHAT IS TRICKY WITH THE STRUCTURES WE OBSERVE WITH SEVERAL KEY COINS, IS THAT PRICE MOVES UP ON HOURLY CHARTS WITH OVERLAPS. THIS MAY BREAK INTO TO BULLISH OPTIONS: 1) A LEADIND DIAGONAL (FOLLOWED BY A CORRECTION, WILL DELIVER A NEXT BULLISH STRONG WAVE) 2) A SET OF FIRST WAVES OF DIFFERENT SCALE, THAT WILL LEAD TO EVEN A STRONGER BREAK OUT TO THE UPSIDE. Anyway, mind your stops. Good luck!
BITFINEX:XRPUSDLong
by UnknownUnicorn3382580
2
Zoomed out Hey, This is my Bitcoin view in the longer term. (EW) I zoomed out to get a better perspective where we could be in the larger picture. I was able to get a clear count in the bitcoin log scale chart, which makes me believe we still are in a larger big wave 4 correction. A very complex wave 4 correction but possible as the large wave 2 was pretty simple. What you see here is the wave 4 still incomplete, my lowest target would be the 0.5 fib level ($1800). Invalidation level at the top of the big Wave 1. I know we got the halvening coming up soon, maybe we all expecting to go the moon in 2021 and thats why it wont happen. Lets see how this ages. Goodluck yall'
BITSTAMP:BTCUSD
by Younez
1
Possible complex correction on XRPAUD H4OK Ladies and Gentlemen, Time for a quick update on XRPAUD. It seems we are undergoing a complex correct in the Triangle shown in RED inside wave 2(PINK). From here we have Four scenarios: 1. We are on 5 wave ABCDE pattern(Orange) inside the Red Triangle after which it may go down for Wave 3(PINK). 2. ABC flat correction is over and we are on WX connecting wave for yet another flat correction inside the read triangle for an ABC wave after which it may go down for Wave 3(PINK). 3. After XY(Green) we will have another connecting wave(Z) and we go for triple correction inside the red triangle for an ABC wave after which it may go down for Wave 3(PINK). 4. There is only one ABC correction and we already on Wave 3(Least likely). Whatever the case we are looking for Wave 3 and Wave 5 on the downside(PINK). Don't force your hope on the chart and accept it the way it is without any bias and you will live to see another day. This is for Educational purpose only. Feedback and Suggestions are welcome. Cheers!!
BITSTAMP:XRPUSD
by Sikandarrazzaq
6
ORBEX: EURAUD - Are We Going To See A ZigZag Duplication?It looks like we are on a bear flag correction with the potential moving down increasing following the minuette zig-zag ( (a)(b)(c) ) appttern. The correction down to 1.618% FE validates this pattern. The flag structure hints to a duplication of the first corrective leg down as it is dominant, which places the intermediate target for EURAUD near 1.55 It is likely that after a successful bearish breakout the currency pair slides towards the 61.8% FR near 1.59 first, and then slip lower between 78.6-88.6% FR levels. This scenario could lead to lower lows forming a new low for intermediate wave 2. Note that bears could start pushing lower at any point, or, alternatively, they could let market move higher for one last upside leg before pushing down! This opportunity would be invalidated above 1.65 or so, or the intersection between price, time and the top trendline of the bear flag. Stavros Tousios Head of Investment Research Orbex
Short
by Orbex
ORBEX: EURGBP - Zig-Zag Can Be Expected To End Correcting LowerIt looks like the corrective minute wave y of the minor motive wave C of the corrective W,X,Y zig-zag pattern has a little more room to move further down. Wave y at 0.888 is also the 50% FR of minor B of the second A,B,C zig-zag at 0.8974 and the minute wave v at the market low of 0.8786. The correction could indeed end higher, near the golden ratio where another three-wave pattern wave can be expected. The invalidation level, however, would be above minor B at 0.8974 with the first signs of the invalidation appearing near minor A top at 0.8942. The current structure suggests that the confluence extension low of this market could reach the golden level near 0.8650, and even slide lower. In that event, the first stop would be the current market's low at 0.8786, then, the round 0.87. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Short
by Orbex
ORBEX: GBPAUD Structure Hints To A Zig-Zag CorrectionIt looks like intermediate waves W (1.7563) and X (1.85) of the corrective zig-zag pattern have completed their journey. The corrective intermediate wave X wave ended with a complex combination at a round resistance and between the 61.8FR and 78.6FR of the intermediate wave W Intermediate W printed a minor a,b,c that most likely ended the first part of the zig-zag. With the second part also completed at intermediate wave X, we could be now expecting intermediate wave Y. The current structure suggests that the low of this market can reach at least 1.7677, then the W low, and then, after a successful break of W, it could slide lower to complete intermediate wave Y anywhere below. The first stop from there would be the previous low at 1.7187. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Short
by Orbex