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Complexcorrection

BitcoinI believe that Bitcoin has mad a double correction labelled as WXY and each individual as ABC. I think the second C wave or Y wave will end in the highlighted zone. From this point I expect upside. This will either be an X wave if the correction becomes more complex, or the begging wave of a bull run(1). In the area of the top two horizontal lines is where structure will form to indicate further upside or a more complex correction in which case downside. This is a delicate time for bitcoin. I believe that most other coins will perform similarly, some more/less than others. Any advice or feedback is appreciated. Thanks.
BITFINEX:BTCUSD
by EamesAnalysis
2
Eur/GbpI feel at this point, considering the overall pattern and price action along with the fact it has been holding at this angle, EG will go up to break the high. I'm considering this whole move to be a complex "B" wave. It is possible it corrects in a 3 wave fashion before it goes (See marker drawing) but it doesn't necessarily have to. I feel like we need to at least get a triangle up to top trend line, but I feel like a combo flat coming back up to high would be more likely at this point. If that is the case it should not come back down to low if my analytics are correct.
Long
by thillygoosth
LinkETH: Triangle... or Complex Corrective Structure EWThe "e" is usually a smaller correction than 50% (based on the "c-d" swing). The next impulse (after "e"), it's usually part of a ABCD pattern (AB in place on the "c-d" swing, where, AB = CD and CD = 127.4%-132.8% or 161.8% of AB). But the right level will come from adding a Fibonacci Retracement, on the "d-e" (counter trend fib) in order to find the Fibonacci Confluence Area (with the ABCD measurements and fibs). That fib cluster will be our next correction, above the upper band (in case you miss you Buy at the next Resistance BO). In case the "e" would be lower than that (i.e. a healthy retracement of 50%, ideal 61.8%) and if it will break the lower band of the Triangle, let's say, we should see in place a Complex Corrective Structure EW scenario (bigger WXY counting). I'd like to have the option to upload in this post the chart with this opposite setup, as well - feedback for the TradingView team. I'll keep a close look at this crypto and I'll be ready to design a new chart (WXY), if the actual setup will be invalidated (Triangle Pattern). Hope this helps, Jo. Ice.
Long
by UnknownUnicorn2251497
USDCAD: Is the long term correction finally over??!I know everyone enjoyed the UCAD sell if you were on the short side! :) now is it time for more upside longterm or is this just the beginning of another bigger correction for more down? Depending on how PA behaves we should know! Price has been pulsing up on lower TF and just completed an hourly flat pattern. I will keep this one updated as price progresses! There is no crystal ball, how price plays out is anyone's guess. If a forecast isn't going your way and you're in the trade, always have a stop in place were you will be wrong! Never get emotionally tied to trade ideas! It's never a good time when that happens! Always trade responsibly and professionally! Have a great week! some previous ideas on UCAD in the related Ideas. If you have a similar view post it in the comments! Thanks for looking! :)
by adambiers
Cable Up Trend is Mature; Could BOE Cause a Reversal? Here we see an Elliott Wave count for GBPUSD. The market appears to be in a terminal wave at multiple degrees of trend. Once the minor 5 wave impulse higher completes (we appear to beginning iv now), then the market will be at risk of reversal. There are other wave relationships appearing in the 1.3450 price zone. I don't know if it will get that high, but a reaction is likely to happen there. For more depth to the analysis, check out the article on DailyFX.com . Good luck all.
by JWagnerFXTrader
USDJPY - PULLBACK TRADEAs predicted last week we saw a bearish breakout on the USDJPY. After hitting a previous level of inside structure support we started to see a retracement, followed by a bullish pennant pattern to close out our trading week. It'll be interesting to see what the JPY looks like at the open with all that's going on in the southern part of the US but assuming we see normal markets, i'll be waiting for a breakout to the upside, creating a complex pullback and an opportunity to involve myself in a bearish trade. As you can see on the chart i drew out a few killzones & Fibonacci levels, if you're interested in seeing how i did those in a chart it would be easier to simply watch this week's video instead of me writing a few extra paragraphs. I'm not being lazy...it's just Football season and the Packers v. Seahawks game is about to kickoff. Akil Poor Everton, Glad i wasn't able to watch that trainwreck.
Short
by Akil_Stokes
18
A thread about STRUCTURE!This entire thread will be for STRUCTURE! In the "idea updates" column I will be posting all types of corrective and impulsive structures! When it comes to trading the waves, the 12345ABC we all love to draw when we first learned about the theory will be useless (most of the time) What we should focus on is if we're in correction, and if so how the heck can we trade the next impulse! Every instrument I look at i will post here. As long as there is structure it will be fine to be posted here!
Education
by adambiers