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Netflix Elliott Wave View: Pullbacks Should Remain SupportedHello Traders, NFLX short-term Elliott wave view suggests that the decline to $310.84 low ended red wave “IV” pullback. Up from there, red wave “V” can have started but a break above $423.21 6/21/2018 high remains to be seen for final confirmation. Above from $310.84 low, the rally higher $376.81 high ended blue wave (1). The internals of that rally unfolded in 5 waves impulse structure with the sub-division of 5 waves structure in lesser degree cycles in red wave 1, 3 & 5. Up from $310.84 low, the initial rally to $341.50 high red Minor 1 in lesser degree 5 waves. The pullback to $334.30 low ended red wave 2. Then the rally higher towards $374.49 high ended red wave 3 in lesser degree 5 waves structure. Down from there, the pullback to $363.54 low ended red wave 4. Finally, a rally higher to $376.81 high ended red wave 5 & also completed blue wave (1). Currently, the stock is doing a pullback in blue wave (2) & expected to unfold in lesser degree Zigzag correction before the rally resumes again provided the pivot at $310.84 low stays intact. We don’t like selling it and prefer more upside against $310.84 low.
NASDAQ:NFLXLong
by Elliottwave-Forecast
BTCUSD 240 min. Update. The downtrend might not be finalized yetThis is an update of my BTCUSD Idea which I posted 14 of March 2018. I expected to see a bit sharper down movement similar to what happened with ETHUSD but the market always has its own reasons. In any case, I would keep this updated scenario as the main one with an expectation to see a new low. P.S. Please do not be confused. This is not pure Elliott Wave Analysis. This analysis is based on my fork of Elliot theory. The simplified concept of this fork is published here: plus.google.com
BITFINEX:BTCUSDShort
by szozulya
ETHUSD 240 min. The possible end of the downtrend I would prefer to stay neutral or, at least, half the existing short in the current situation. I would not open any long position until I see initial waves of uptrend because I assume that there is a wave correlation between BTCUSD and ETHUSD but BTCUSD did not show new low yet. P.S. Please do not be confused. This is not pure Elliott Wave Analysis. This analysis is based on my fork of Elliot theory. The simplified concept of this fork is published here: plus.google.com
BITFINEX:ETHUSD
by szozulya
ETHUSD Elliott Wave Analysis - Counts & ForecastsWave 4 correcting Wave 3 has completed. Onward with Wave 5. Sub-waves will advance and correct as progress continues. Sub-wave (5) of 5 of 1 of 1 of 5 is in process. The correction of (5) of 5 of 1 to mark wave 2 provides an opportunity to add or initiate positions at lower risk for traders and Hodlers who missed the corrective Wave C of Wave 4 low and the motive wave 1 entry or corrective wave 2 confirmation above the 206.5 low.
COINBASE:ETHUSD
by RogueDave
17
EURUSD LONG - Head and Shoulders formingAs per my previous postings, EUR has been taking a massive hit but it is looking likely that the end is near as a rally of sorts is likely going to happen over the next day or two. Below are some key facts and thoughts to share. 1: EURUSD has a Bullish Divergency in every timeframe from Monthly to hourly indicating that USD has been MASSIVELY overbought since the EUR high back in July 2008. 2: A 5 wave short followed by a 5 wave long has happened and looks likely that a possible head and shoulders is forming so we're waiting for a 3 wave corrective move down to hit a key fib level of 0.50% or 0.618% and there will likely be a rally by the EUR of sorts for either a change in trend or a corrective ABC long for a retracement move since the 1.1300 mark (US Elections) 3. FOMC saw the Fed rate increase last week to 0.75% so demand for the USD should increase but given that USD is MASSIVELY overbought, I am unsure this will have long term impact on the USD to gain strength to dip below 1.000 mark - only time will tell. Feel free to share your thoughts on my analysis as your views are welcome. Happy Trading!
Long
by donaldsaw
3