Eliotwave
Gold completing a flat correction after denying the triangleGold is completing a flat correction after denying the triangle as illustrated in the chart.
The wave ((c)) of the flat correction will have confluence with the 0.618 fib retracement of the previous up swing. The PRZ is highlighted in the chart where buy orders can wait to trigger.
MASSIVE RESISTANCE OF 8 MONTHS INCOMING!!!!!!!!!!!!!!!!!!! TRAP?NOPE NOT AT ALL THATS WHAT ME AND THE OTHER MARKET MAKERS ARE FOR WE MAKE THE MARKET MOVE WHERE WE WANT!!!!! AND IT WILL GO THROUGH THIS LINE RIGHT HERE RIGHT NOW!!!!!!!!!! IT WILL NOT COME BACK DOWN AND TOUCH THE BOTTOM OF THIS TRIANGLE AGAIN!!!! THIS IS IT RIGHT HERE!!!!!!!!!! WHEN THE PERFECT TIME HITS WHICH WILL BE VERY VERY SOON CANT SAY WHEN IT WILL GO!!!!!!!!!!!!!!!!!!!!!! 8500+ IN THE COMING WEEKS!!!!!!!
Great opportunit forming on GBP/CADWe can expect a good down move inside this channel that were placed since April.
This analisys was made with the fundamentals of Elliot Wave and Quarters Theory Trend Waves.
The price is on top of the channel, we can have a great R/R ratio if this trade confirms.
The wave 4 (or Correction 2) is right on the Wave 1 area, so we can put our Stop Loss conservative, and our Take Profit very optimist.
The Wave 4 (or Correction 2) reached the 61,8% fibbo, good point for a trend continuation.
Just look at this chart, and take your own views about it. This is just my personal View, if you see something different, do not trade like me, and be confortable to share with us your ideias.
AUDJPY I am looking for this drop off resistance to go down in between 80.678-80.511.
That would put the market right near the 61.8-78.6 on the fib levels.
After hitting those points, I would like to see the market start to push back to the upside.
Ending at the 83.568 level where historic resistance and previous reversals were at.
BITCOIN WILL NEVER EVER EVER!!!!!!!!!!!!!!!!!!!! GO BELOW 5700 I literally created this chart well over 5 weeks ago you can even see previous examples from as early as 2 or 3 weeks ago so far its been following the path I layed out well ahead of time although not 100% precisely as laid out pretty damn close and as long as we hold above 5700 this pattern has yet to be broken and we will soon see another rally up to the 8500-9900 range within the next few weeks.... also weeks ago I also did menchion in a previous post that a lot of bouncing between the 6k-6500 range for a while before we see a bullish outbreak is to be expected just be patient and stick to the game plan
ETHOS (BQX) BUY ZONE WITH ELIOTT WAVEWith the alts and Bitcoin getting into a more bullish market you might wanna look out for elliott waves. BQX seems to have began its first new wave and will likely dip back to 7160 sats. You can then hold for a bit and watch the resistance lines I have drawn.
Buy-target: 7160
Sell-target: 8540 or higher
Stop-loss: 6900
I am not buying now. That's fomo
BTC - EW Analysis - Count IF BullSup folks,
Debates have been rampant about the start of the entire swing low to swing high move recently, since a few exchanges had a lower low at the start of my wave I chose to use this as a starting point.
I labeled the EW patterns for clarity sake and left the fibs in.
Timeframe wise this would have to be a 12345 with us finishing A currently and then going for a bounce to make B.
This would establish eventually our 2 of the bigger timeframe Impulse move.
The channel of the first impulse wave is there - market structure wise we would have to extend our correction for quite some time though as marked below with the approximate bar count!
Fib wise you can either see this as a 12345 impulse move to 8,7 or you can see it as a super extended ABC with C being 2.618 extended. (Happens but is very rare - so it is possible).
Problems with this count:
- the corrective A pattern is a bit too impulsive and steep
- wave 5 up is a bit messy in relation to 1 and doesnt quite hit 1to1 extension.
Trading setup would be entering around support to play the bounce OR safer: wait for ABC to correct end enter on ending C or joining with the impulsive Wave 3 rally (confirmation)
Cheers.
ADABTC ; possible medium termVery right descending triangle, similar to BTC but on shorter time frame. Soon we will test top of channel, have a small retrace and hopefully break the triangle into an impulse wave, ultimately challenging 0.382fib.
Very little data to base this on though, but comparing it to a bullish BTC situation this might be pretty similar...
BTCUSD - fractals and Eliot outlookThe chart analysis has two parts - a fractal and Eliot wave pasterns .
1. The Eliot wave formation is called a "Complex Correction With A Small X-Wave".
www.topratedforexbrokers.com
2. We have a clear fractal pattern, each smaller than the previous one. after completion of the 3rd one, i expect the price to take north.
Let me know what you think.