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Doublezigzag

Double zigzag WXY, don't you think so? I've posted many times on this exactly the same counting in the sense of the Elliott wave theory. This time I elaborate on it. In this hypothesis, we are in X of WXY, whose bottom could be 7500 +- 2000, a roughly 1.236-1.272 retracement from the 65k & 69k double tops or the inverted A&E. This double zigzag should be a global 4th wave. This scenario will be invalidated entirely above 29k where C of X unambiguously exceeds Fib 1.618 level of A, violating the flat correction schematic. For more detailed calculations, please look at the related ideas below.
BITMEX:XBTShort
by jackrabbitrage
4
EURGBP Double Correction Sell-OffThe EURGBP is still maintaining the downside direction. We are trading in a Double zig-zag correction pattern. But we must see the (X) wave initially make a minor zigzag correction in the upside direction. The upside correction might not be very deep it might not even reach the 61,8 Fibonacci level. What you have to realize is that we had a similar pattern on USDCAD in the 2020 financial crisis. The pattern was between 16 May to 27 April 2020. The patterns are less the same so we can expect it unfold the same way.
Short
by Weshareio
3
(1D) S&P500 WXY DOUBLE ZIGZAG CORRECTIONPossible Double Zigzag (WXY) pattern playing out on S&P500, which started from the ATH in January and is still on going. In my previous analysis from 2020 (linked below), I proposed that the ENTIRE history of the S&P500 so far is simply part of a 5 wave bull Impulse, which is still on going. Within this bull Impulse, we are currently in Wave 3, which itself is turning out to be an 3rd Wave Extension made up of 9 waves. This Wave 3 started at the end of the Housing Market Crash in early 2009. Of this Extended 3rd wave, the current WXY correction we are in represents Wave 8 before we resume the bull trend to complete the extended Wave 3, which will then start the 2nd major correction on the bull impulse mentioned before on the macro scale. The first major correction (Wave 2) was a 3 wave correction consisting of the Dot Com Crash and Housing Market Crash. According to this analysis, we are still in for some pain well into the new year, so hang tight! Trade responsibly. #EverythingIsAlreadyWritten
OANDA:SPX500USD
by PHICAPITALINVESTMENTS
1
What could invalidate Falling Wedge reversal setup This is an update on my previous ideas (see links below.) As I explained in the related article , this downtrend may be forming a Triple Zigzag, having 3 zigzag waves joined by two corrective waves, each comprising 3 minor-sub waves (3-3-3-3-3, denoted as W-X-Y-X-Z). So far, it seems nothing violates Elliott Wave Theory's definition of Triple Zigzag. Let's check the latter half of the Triple Zigzag wave, Y-X-Z. Wave X is itself often a complex correction, but we can see it has three component waves, a-b-c, broken down into a zigzag, a zigzag, and a diagonal triangle. Wave b was, as we remember, a reversal beginning from the recent, right-inclined Inverse Head and Shoulders. The rebound looked as if it were an impulse. If it were an impulse (with 5 wave components), it would invalidate the Triple Zigzag hypothesis. However, it included a sudden spike, and its accompanied correction. The correction, a long red candle, should count as the 4th wave if the whole rising wave is an impulse. But it appeared in a very short time, which seems to be extremely irregular. Rather, I suppose we should count this wave as a Double Zigzag comprising three waves, as in the image attached below. If this count validates, the weird pseudo-impulse counts as the second wave or wave b, in the third wave, "Z" of the Triple Zigzag (W-X-Y-X-Z). If so, we are in the FINAL swing of this downtrend, wave c of wave Z, which could be aiming for12500 or lower, according to my prediction. Bull's hope would be a reversal from here, with this plunge being a falling wedge breakout reversal setup, which competes with my theory/hypothesis above.
Short
by jackrabbitrage
13
Aussie Remains Bearish After RBA Policy Meeting Markets were slow at the start of a new trading week because of the holiday in UK, but this will be expected to change as speculators wait on CB policy decisions. RBA meeting was the first event where members judged that a further increase in interest rates would help bring inflation back to target and create a more sustainable balance of demand and supply in the Australian economy. They discussed the arguments around raising interest rates by either 25 basis points or 50 basis points. They see rates coming back to normal, meaning that sooner or later speculators could see this as bearish for the Aussie. From an Elliott wave perspective, we see pair in a deep complex correction, currently in B of Y, so there can be more weakness coming soon, especially if stocks will continue to weaken this week on the hawkish FOMC decision. So short-term pair can stay bearish but from a longer-term perspective, we assume that the pair can find a support near 0.64-0.65, possibly later this year.
by ew-forecast
ADAUSD | Wave Projection | Downtrend Double ZZ Channel BreakoutReady for long entry: Price action and chart pattern long entry trading setup > Elliott Wave double ZZ combination correction WXY with EMA200 as key dynamic resistance for major B-wave and EMA50 as key resistance for minor 2-wave and 4-wave > Downtrend channel sideway breakout - possible sideway continuation > Long entry @ EMA50 breakout > TP @ EMA200 for medium term trade > SL @ the lowest position wave 5 > RRR: 3:1 Indicator: MACD bullish divergence golden cross signal line merely below 0 Always trade with affordable risk and respect your stoploss
COINBASE:ADAUSDLong
by dukeposh
TU | Elliott Wave Projection - End of Wave 4?Price action and chart pattern trading > Elliott Wave Projection of the primary wave 4 coming to an end of sharp declining DOUBLE ZIGZAG Correction? > Wave Y coming to 1.236 to 1.618, then Wave 4 would slightly overlap Wave 1 position and expected a possible small sideway breakout consolidation for a buy entry. > If Wave 4 is coming to the end as described, Wave 5 is projected at 1.236 - 1.618 retracement of wave 4. Always trade with affordable risk and respect your stoploss
SET:TU
by dukeposh
Floki Inu (Falling Wedge & Double Zigzag Correction 🐶)!!!One of my favorite meme coins is Floki inu🐶 ❤️. 🔴What Is Floki Inu (FLOKI) ? Floki Inu (FLOKI) is a dog-themed meme coin, calling itself not a meme coin but “a movement.” It’s a cryptocurrency birthed by fans and members of the Shiba Inu (SHIB) community. The coin is named after Elon Musk’s Shiba Inu. Musk is a prominent fan of Dogecoin, although he publicly denied owning any SHIB. Floki Inu is working on “three flagship utility projects:” An NFT gaming metaverse called Valhalla An NFT and merchandise marketplace called FlokiPlaces A content and education platform called Floki Inuversity The community calls itself the “Floki Vikings” in honor of Floki (Musk’s dog) that was named after a Viking character. Floki Inu vows to take its community efforts seriously and has been listed several times in the Top 10 of LunarCrush’s social engagement leaderboards. Floki Inu has also partnered with CryptoCart, giving its holders the option to purchase items at over 1,700 stores through a partnership with CryptoCart (CC). It is also working on a similar partnership with Curate (XCUR) that would allow Floki tokens to be used as a payment method on the Curate physical goods marketplace In addition, Floki Inu has muscled into the world of elite soccer — it's signed partnerships with top-flight clubs in Spain, Italy and India Floki Inu Analyze ( FLOKIUSDT ) Timeframe 4h⏰ (Log Scale) 🔴 Floki Inu is running at Falling Wedge pattern , also it is completing its last way of the Double Zigzag Correction . The end of wave ''Z'' (Zone) : 0.0001$ until 0.000085$ == Chance for adding to the portfolio. 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
by pejman_zwin
2
Solana Analyze (Counting Waves_Double Zigzag Correction)!!!😉What is Solana doing these days? although Grayscale added Solana to its portfolio . I have a suggestion for you, if you want to add Solana to your portfolio please read this post and do not forget to ✅ like ✅ it. Solana Analyze ( SOLUSDT ) Timeframe 8h ⏰ ( Log Scale ) Location 🌊( Long term ): about the location of Solana , please read my post with the topic '' Solana Analyze (Road Map)!!!🗺️ '' Location 🌊: Solana passed microwave 5 of the Main wave 3 by the ending diagonal pattern and then it has started the main corrective wave A from 260$ . The corrective structure of main wave A is Double Zigzag Correction . I tried to show you the end of the main wave A zone . Probably the end of wave A will be at my ⏰ TRZ ⏰ ( Time Reversal Zone ). The end of the main wave A 🎯 Zone 🎯 : Target🎯 : 142$_137.8$ Target🎯 : 117$_113$ 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
by pejman_zwin
14
Solana Analyze (Counting Waves_Short term)🌊!!!Hi, today I want to talk about Solana's road map ( Short term ). Solana Analyze ( SOLUSDT ) 1h ⏰ Location 🌊( Long term ): about the location of Solana , please read my post with the topic '' Solana Analyze (Road Map)!!!🗺️ ''. Location 🌊( Short term ): Solana ended its great microwave 3 of the main wave 3 at 216$ (as I expected on my post with the topic ''Solana Analyze (Road Map)!!!🗺️''), and it passed microwave 4 of the main wave 3 by Double Three correction (Double Zig Zag Correction) + when Solana was able to break the Downward trendline . Live : Solana is running on microwave 5 of the main wave 3 . as Solana has gone too far too fast(we had a huge Microwave 3), I think that microwave 5 of the main wave 3 will be Truncation (Solana can't reach the last top == 216$ ). I tried to show you the end of each wave on microwave 5 on my chart. The End of microwave 1 of microwave 5 of main wave 3: 166$-163$ , at my TRZ ⏰. The End of microwave 2 of microwave 5 of main wave 3: 158$-153$ . The End of microwave 3 of microwave 5 of main wave 3: 188$-181$ . The End of microwave 4 of microwave 5 of main wave 3: 176$-171$ . The End of microwave 5 of microwave 5 of main wave 3: 200$-193$ . My Suggestion : You can find triggers on the end of microwave 2 for opening Long 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
by pejman_zwin
25
Elliott Wave: a potential Wave 3 or Wave C in TeslaThe price of Tesla ( NASDAQ:TSLA ) had been going down in a 5 waves manner, which was followed by a double zigzag correction, implying the next possible move will be another 5 waves decline The only 2 possible patterns which can be formed in 5-3-5 are either an impulse (5-3-5-3-5) or a zigzag (5-3-5) Therefore we can set two targets for this trade (or just separate as 2 trades) For the first one, assuming we enter a short at $713, the stop loss will be $780.72 (above the end of wave b), the take profit will be $467.96 (assuming wave c = wave a), which give us a 1:3.6 risk/reward ratio For the second one, the take profit will be $341.07 (assuming wave c = 1.618 x wave a), which give us a 1:5.4 risk/reward ratio P.S. my analysis was done in log scale
NASDAQ:TSLAShort
by wivanz
14
$AUD vs $CAD Weekly Chart.Flat completed |#aud #cad #fx #aussieTraders, Since 29.07.2013 AUDCAD has been in a corrective regular flat pattern and has given us a 3-3-5 sequence till now, so expecting this correction to end for the last final wave which will probably unfold into a five-wave motive sequence to complete the A-B-C ZigZag pattern. In the regular flat: 1 - Wave-(A) developed into a ZigZag internal structure 5-3-5, ending at 1.03500 2 - Wave-(B) developed into a Zig-Zag internal structure 5-3-5, ending at 0.91502 breaking (A) wave's origin by 16 pips. 3 - Wave-(C) developed into a 5-wave ending diagonal motive structure, with a truncated 5th wave as it was unable to break iii. wave's end. Patterns orthodox high slightly broke wave's (A) end, giving us a regular flat pattern. First target is 0.85775 ( wave's low in the bigger ZigZag pattern) where many Fibonacci measurements cooperate, pointing a High-Probability reversal target. Trade with discipline Best
Short
by ChrisMark
1