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Elliottimpulsewave

PLTR - Earnings pop incoming?I've put a lot of thought into this one. This chart is in log mode as the wide range of prices covered are smoothed and reveal the potential true picture. I give a primary bullish scenario but caveat with multiple different potential outcomes given certain price actions. Trade at your own risk. As you can see, PLTR put in a significant top near the 61.8% retracement of the major move down from January 2021 to January 2023. In linear mode, it's also a 61.8% retracement (not shown on chart) of the September 2021 top from the January 2023 bottom, further confirming how much of a massive resistance level it is. Elliot Wave indicates that this was a 3rd wave in a 5-wave upward impulse. For that to be true, PLTR will need to hold the $12 area if it is going to continue down leading into earnings. Should it hold there, the potential for an earnings pop is at our fingertips. If you look at the 2nd wave of the current 5-wave move up, the same thing happened with earnings there leading to a massive move upward into our very explosive 3rd wave. This leads to our buying opportunity. Should we see PLTR dip below $15 today through Wednesday, October 27th, it would be in the accumulation zone. Set your stop at $12.00 with a GTC-EXT order. This should limit your losses should earnings kickstart a further downward move that breaks support. Assuming the 5th wave does engage, the potential targets are outlined on the chart. I must caveat though that 5th waves are unpredictable. They can terminate before, at, or higher than the general expected levels. In Elliott Wave, usually only one of the 3 impulse waves (1,3, and 5) will see an extension. With 3rd waves usually targeting the 161.8% fib extension level, the 5th wave target is generally expected to be the 200% level. With every 3rd wave extension level, you can usually expect the 5th wave level to rise the same number of extension levels. In this case, the 3rd wave extended and surpassed the 176.4% level, one extension level above the standard, and came shy of the 200% level. So the general minimum expectation for our 5th wave target should be a minimum of the 223.6% level, which comes in at around $25. Given that the 3rd wave already extended, it should not be expected that the 5th wave will also extend. If it somehow does, the upper target is a gap fill from February on 2021 at $31.34. Profit is generally taken at the minimum level with some runners left for potential upside. Should PLTR start rising and form an upward pattern prior to hitting my ideal 4th wave target in the mid $12's, it is possible the 4th wave is already in (or maybe it touches the mid $13's one more time). I will add that the shape and structure of a 4th wave that terminates in the $13's holds a far more likely chance of becoming a a descending triangle where the bottom holds flat and the tops terminate lower until the pattern ends. If this were a triangle, it would be most likely that the next touch of the mid $13's would be the c wave with an e wave to come in the $17 range and the e wave to again target the $13's. Due to the nature of the current structure, I only favor a significant earnings pop should PLTR fall to $13 or lower. Should you see PLTR dip below $12, then the expectation shifts to a major top being in and downward pressure taking this to $10 and potentially lower. Therefore, below $12 range and I recommend getting out and waiting for further clarity. If you hold at a basis higher than the previous top and don't want to sell, consider selling calls to lower your basis or selling $10 puts. The alternate count not shown on this chart would have the May 2021 low as an A wave, the September 2021 top as a B wave, and the January 2023 bottom as the C wave in a larger degree (A)(B)(C) long term corrective pattern. The recent top at the 61.8% level would be the 3-wave (B) wave of this larger degree, with the bottom (C) wave coming in at new lows over the next 1-2 years. This is why the stop is so important. Readers should always remember that markets are their own creature made up of millions of individuals and institutions each following some combo of inherent bullishness, inherent bearishness, fundamentals, technicals, stupidity, and pure emotion. Elliott Wave, and specifically Fibonacci Pinball (developed by Avi Gilburt at elliottwavetrader.net and prominent Seeking Alpha author), merely provide a framework based on the observed price action to date. I know that while my wave outline is based on years and years of data and application from not only me, but some of the best in the game, I also know that markets do not follow a set path and that sentiment can remain irrational far longer than I can remain rational. That is why you MUST consider the altneratives and manage risk appropriately. Know the pivot zones that could lead to the primary path failing. In this case, it's the low $12.00 range. I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors. My analysis is not a recommendation for a specific trade. My analysis outlines a potential scenario and provides risk assessments for multiple alternate scenarios. -mazag08 - TastyWavez 2023
PLong
by mazag08
3
HAPP just finished Elliott Correction Wave, Impulse incoming?Hi. In this 1D chart I've plotted the Elliott Wave patterns from the latest months and from it concluded that the next wave will be an impulse wave, as a clear correction wave has just finished. The size of the incoming impulse is of course subject to speculation, but the certainty of it is substantial according to my analys of the latest patterns. Thank you. Please if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods. This does not constitute financial advice. Any prices, even if explicitly stated, are presented with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates .
HLong
by Kabeldon
(Update) AG showing Triangle Pattern, breakout incoming?Hi. In this 4h chart I've plotted a prediction of the Elliott wave pattern that could emerge as the price has now broken through the diagonal resistance line. I believe that the previous downturn when the price moved to the peak of the triangle was a correction wave and the current movement is the following impulse wave and that the price is currently in the first correction and that the biggest line of the wave is coming next. See the link to the previous idea below if you want to know more. Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you. This does not constitute financial advice. Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
NYSE:AGLong
by Kabeldon
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Short
by CronosCapital
Elliott Wave Channeling and Parametric Model of an Ideal TrendChanneling is the single most important technique that you must know in trading. Channeling: - can be used 100% of the time in all market conditions for both impulses and corrections. Price always travels in a channel until it breaks - there's never a single channel - there are always multiple nested channels and by breaking/bouncing off of their boundaries price travels between channels - the game is always to short/long main channel boundaries in a range or play breakouts - lets you know where exactly where the trend breaks and new trend or correction begins regardless of wave structure - helps with identifying the optimal hierarchy of nested waves, which waves are continuation of other waves, eliminates almost all of the wave count related guesswork. - breaking of a smaller channel can signal a break of a larger one well in advance - use as confirmation On a chart there are 3 channels: blue, green, red. Using channeling with Elliott Waves: - blue (base) channel connects 012 points/wicks and tells you where wave 3 ends (blue dot intersecting the channel boundary), otherwise this is not wave 3 - green channel connects 123 points/wicks and tells you where wave 4 ends (green dot intersecting the channel boundary) - red channel connects 234 points/wicks and tells you where wave 5 ends (red dot intersecting the channel boundary) - use fib price and time wave relationships to calculate price and time based wave targets The same method can be used in general regardless of wave structure - you must always connect 3 last pivots and draw a channel (2 in one dir, 1 in the opposite dir). Continue drawing new channels with each new pivot - soon you will get an idea of how price travels and why it bounces at certain points - boundaries of prev channels. - In a bull market you wait for any 3 waves down and buy. In a bear market you wait for any 3 waves up and sell. Waves can have multiple subwaves inside - you don't need to worry about that. Keep an eye on the main channel boundaries only. 1 wave = 1 channel - makes it easy to count them. Smaller channels appear inside larger ones - these are your nested subwaves. - If the main trend direction is unknown - don't trade or trade the range inside the channel with only small positions. - you can also use Modified Schiff Pitchfork with stddev warning lines - it's basically a channel with side sub channels - the last wave of a move (wave 5, C, Y, E) can end near the channel's median line or at its boundary, overshoot or undershoot it. At some times it's best to exit, other times - to enter at this points. - when wave 4 ends inside a channel, doesn't break it - buy, don't sell. - when wave 4 is near the middle line of the channel - this is just the first leg of the correction - breaking the channel only tells you that the current wave has likely ended. It can break out, correct and reverse, get back into the channel and continue the trend - breaking the channel doesn't necessarily mean end of a particular wave, it can be the first leg of a correction that has already started inside the channel from the last pivot or even 1 pivot back - use pitchfork warning lines (stddev), breaking a series of channels (starting from smaller and cascading to larger one), breaking the last known trend pivot and high volume to confirm trend change. Also watch these videos: Must see - channeling elliott wave impulses, using price time fib relationships www.youtube.com www.youtube.com the mechanics of WXY double zigzag and combo corrections www.youtube.com triangles and exp flats www.youtube.com ______________________________________________ Parametric Model of an Ideal Trend 1) slope: wave 1 slope = 71 degrees wave 3 slope < wave 1 slope wave 5 slope < wave 1 slope 2) price: wave 2 = 50% of wave 1 wave 3 = 1.618 of wave 1 wave 4 = 38.2% of wave 3 wave 5 = 100% of wave 1 wave 4 splits waves 0-5 at 38.2% 3) time: wave 2 time = 100% of wave 1 time wave 3 time = 1.618 of wave 1 time wave 4 time = 1.618 of wave 1 time wave 5 time = 100% of wave 1 time wave 3 end time is usually 100% or 161.8% wave 1 time or 61.8%, 100, 161.8% or 261.8% of wave 1 + 2 time wave 4 end time = at least 100% of wave 2 time or 100%, 161.8% or 261.8% of wave 3 time or 61.8% or 100% of wave 1-3 time wave 3 end time is also 38.2%, 50 or 61.8% of the entire wave 0-5 impulse cycle time usually either fib price or fib time is respected in waves 1-4 - whichever comes first, you can have a series of boxes for certain price-time combinations as targets. in an extended wave 5 both price and time fib relationships are usually respected, other waves may not respect both time/price 4) volume wave 3 has the highest volume 5) divergence wave 5 has divergence on RSI, EWO 6) structure waves 1,3,5 - 5-wave impulses wave 2 = zigzag wave 4 = triangle or flat if end of wave 3 vol bar >= subwave 3 volume bar i.e. volume increases => wave 5 will be extended, otherwise wave 5 will be normal short wave, not extended either end of wave 3 bar (followed by a normal wave 5) or end of extended wave 5 bar have the biggest volume in the whole move in an extended wave 5 - wave 5 end can be 61.8, 100%, 161.8% of wave 0-3 => wave 5 end can be projected - subwave 4 divides the whole wave 0-5 move: at 38.2%,50% (61.8% only for normal wave 5) => wave 5 end can be projected in normal wave 5 - wave 5 end can be 61.8, 100% of wave 0-3 - subwave 4 divides the whole wave 0-5 move: 78.6% or 61.8% or 50% of entire wave 0-5 impulse cycle price/height (78.6 up from wave 0) P. S. This is the Way
BITMEX:BTCUSD.PEducation
by RagingRocketBull
3
ORBEX: CADJPY - Should We Expect A Bullish Minor 5?It looks like minor wave C (78.500) of the intermediate wave 2 of the corrective A,B,C zig-zag pattern has ended. The correction started off at intermediate wave 1 (85.23) and ended at the 88.6% FR, marking a correction low at 78.38. Although minor wave C ending near the 100% FE of the A, B triangulation makes wave C structure a tad weak, the impulsive motive minor 3 wave tells a bullish story. Following a higher low at 79.20, where minor wave 2 completed its correction, prices surged to the 161.80% FE of the minor 1,2 triangulation. With minor 4 currently in play near the 50% FR of the last impulse (79.20-82.10) we could expect another move to the upside to complete wave 5 of intermediate 1. The current structure suggests that the low of this market could reach the golden ratio at 80.31, and even form a throwback at the minuette e of the corrective triangle. Once bulls get validates (prices shouldn't move below 80.23 minor's 1 top ) we could see prices breaking above minor 3's high. The first stop would be 82.10, then, could reach out to 83.80 level Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Long
by Orbex
US 30 Inverted H&S suggest completed first wave in Primary CycleDetails in chart. The inverted Head & Shoulders is highlighted with cups, but you really can't miss the big red candles. Gonna get a huge bear flag from this, IMO. Closed my shorts early, but never sorry to give the other guy the last dollar. Reactionary wave should appear within a few days rising from oversold condition. IMO this rascal is gonna pop up hard from here and give us a hellacious bear market rally, following a washout low on Monday, shown by small arrow down, large arrow up. Should rally until early September, when it again reaches overbought condition, provoking the next and larger down wave in a 5-wave Elliott impulsive negative trend. The inverted H&S is crystal clear and strongly suggests we're in for a monster wave 2, like those power peaks we saw in November and December before the big break. Credits to Hungry Hippo for a similar idea in which he better describes oversold and RSI, MFI, etc. Will NOT go straight down, folks! Trade at your own risk, this isn't investment advice; GLTA!
DJ:DJIShort
by DaddySawbucks
38
AUD/USD, Short it!Hello traders, Some important news will be released for AUD/USD to day later in the Asian trading session, namely interest rate decision by the RBA. Fundamental point of view and also based on RBA latest statement in April 2019, a rate hike could be eliminated by RBA for today due to economical situations they are concerned about, namely the trade war sentiment between the U.S. and China has been vivid recently, which can affect the Australian economy, too. On the other hand, RBA were the opinion that low interest rate should support the Australian economy. Hence there are two possible scenarios for rate decision, according to my point of view, as following: 1. RBA keeps the rate unchanged at 1.5% and keep further waiting how the economical situations will be developed between the U.S. and China. 2. They cut the rate to 0.25% basis point to support the economy with new stimulus, this signalized that the trade war between the U.S. and China is being to reach new climax. Technical point of view the 5th impulsive wave in primary degree according to our analysis is still forming and has not completed yet, and it shall reach the level at around 0.657xx in the coming time. Conclusion: Short the Aussie to the next lower level. Happy trading!
Short
by DrFaust_Official
Hour View Elliot Impulse Wave w/ 30 minute subwavesApparent Elliot Wave formation. If wave's 2 and 4 actually tested the Fib retrace zones, price target will be above 4k. Also including a chart of the subwaves on 30 minute view which all appear to be valid Elliot waves which leads me to believe that this is a proper wave formation. EDIT: I mispoke in my comment...wait for wave 3 and 4 on the 30m chart to test the fib zones before going long and determining an actual price point.
COINBASE:BTCUSDLong
by AtlaStar
GBPUSD Elliott Wave Analysis: Calling Further UpsideGBPUSD short-term Elliott Wave analysis suggests that the rally from 8/15/2018 low at 1.2660 to 1.3042 high ended red wave 1. The internals of that rally higher took place in 3 wave corrective sequence i.e double three thus suggesting that the pair can be doing a Leading diagonal structure. Up from 1.2660 low, the initial rally to 1.2935 high ended black wave ((w)) of 1. Black wave ((x)) of 1 pullback ended at 1.2798 low. Black wave ((y)) of 1 ended as a zigzag structure at 1.3042 high. Down from there, the pullback to 1.2785 low ended red wave 2 pullback as a Flat structure where black wave ((a)) ended at 1.2959 low. Black wave ((b)) bounce ended at 1.3006 high and black wave ((c)) of 2 ended at 1.2785 low. Above from there, the pair has managed to make a new high above 1.3042 peak confirming the next extension higher in red wave 3. Near-term, while dips remain above 1.2785 low, any dip is expected to remain supported in 3, 7 or 11 swings for further upside towards 1.3162-1.3252, which is the 100%-123.6% Fibonacci extension area of red wave 1-2 to complete red wave 3. Afterwards, the pair is expected to do a pullback in red wave 4 before further upside is seen. We don’t like selling the pair and prefer more upside against 1.2785 low in the first degree.
Long
by Elliottwave-Forecast