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Eliotwave

GBP Impulse down corrective ABCWave 4 couldn't break 0.5 Fibonacci retracement which was also the trend line down which is also just below the SMMA 25 close - these are all signals that the completive 5th wave down is soon to come, we are likely to see a test of the 0.618 fib which managed to hold 3 wave but many not be so supportive now. If we see 0.618 hold the ABC corrective may start early, if broken I expect to see minor support a 1.37754 tested (possible bottom of 5 wave) but most probable is finding support at the 0.786 fibonacci zone. ABC corrective after is highly likely working with both minor support lines and fib levels as shown in chart. Good luck! I am literally a salmon, my ideas are not gospel. Trade like you swim with sharks.
by UnknownUnicorn705200
BTC's upward movement is far from over!Hi every one Bitcoin / U.S. Dollar If we use the Elliot wave principle on the BTC chart we can learn that the upward cycle of the BTC is far from over! the market has completed the first 3 Impulse waves and now on It's way to complete the 4th wave so the market will of course experience a good amount of decrease in it's price! after the completion of the 4th wave we shall see that will BTC starts to pump or not! there is a strong support at the end of the 4th wave so if it can make the pump we shall see that the price reaches 68k! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck.
COINBASE:BTCUSD
by CobraVanguard
23
USOIL possible move to the downsideHi traders, as you see price came back to our supply zone , from where we expect price to push lower. At least to make correction for continuation to the upside. I was expecting to see price moved bit higher to tap that trendline around 63.5, but as you see price is already making rejection. Anyway i closed my buy, and will be watching for sell. I will upload below lower time frame picture to show you that we are already having possible bearish price action. We are having nice weekly rejection candel from last week, so i think this setup have good potencial. Stay patient!
TVC:USOILShort
by KosirFX
1
ENJUSDT will countinue up trendEnjin coin is in the third wave when you look daily chart (but it is not finished) Undoubtedly a new up trend will begin, but we are not sure whether the correction wave is over or not. I expect this correction wave goes up from one of the blue support boxes. EMA 50(daily chart) and EMA 200(4h chart) are shows the same area. There are three scenario which is shown with path lines. According to daily chart we can find two targets (pink boxes). 4h chart shows a continuing cycle which is going to start the fifth impulse wave. As you see, the 4h and daily targets are almost the same. and also the channel confirms us.
Long
by Reza_sgh
60000$ is the new target for BitcoinBitcoin is in the third wave of a cycle which is started form March 2020. But if we consider the last impulse wave which started from Sep 2020, it seems that the third and forth wave has been finished and the new impulse is expected. (the ending point of the forth wave can be easily fined by the help of retracement and extension fibonacci and also EMA50 which is shown with blue box) Therefore, 4h and daily chart are shown that BTC is started a new wave with short time and long time targets.
by Reza_sgh