TCC | Wave Analysis | Falling Wedge Breakout TargetElliott Wave Projection - Price action and chart pattern trading
> Bullish Wedge Elliott Wave downtrend channel breakout
> Key resistance SMA200
> TP1 @ 0.382 retracement of previous wave 5 - volume profile point of control zone equal to distance of wave E to the falling wedge breakout point
> TP2 @ 0.5 retracement - upper resistance of key volume profile zone = distance of wave C > D from breakout point
> TP3 @ 0.618 retracement - equal to the distance of A>B +30%
> Entry @ Pullback SMA200 zone
> Stoploss @ SMA20 zone -10%+
> Risk reward ratio: 3:1
Always trade with affordable risk and respect your stoploss
Elliottwaveanalyis
LANNA | Wave Analysis | ABCDE Triangle Breakout TargetPrice action and chart pattern trading
> Elliott Wave Projection - Rising triangle wave ABCDE breakout pattern
> TP1 @ Upper channel resistance wave v leading diagonal - 1.382 extension of wave iii +12% upside
> TP2 @ 1.618 extension of wave D +18% upside
> Stoploss @ SMA20 - 6-7%
> Risk reward ratio: 2.5-3:1
Always trade with affordable risk and respect your stoploss
Bitcoin Elliott Wave count 4H TF Bitcoin I think made an leading diagonal that may be a wave 1 or A (green count) and it can use it to move upside for a 3rd or C wave.
This impulse to the downside may be a wave 1 or A. Anyway I am expecting a move up to the 0.5 fib retracement to make a B or a 2nd wave and than will see how short it will go. If bounce from the zone somewhere 18600 and take B wave we can start to enter long for at least a C wave.
If it will go above 20165 I will enter long with targtes into the 0.5 fib retracement zone.
Lets see more price action and I will update this count.
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XAUUSD Elliott Wave option 1I got 2 opntions. Pls check on my post for other option.
For option 1, if gold fail to hold support 1735 due to Powell speech last friday, potential price moving down to next support 1727 and 1710.
Option 1 current wave is correction wave ABC (red color in chart) that wave B is not complete yet. Target for wave B is not confirm yet and will adjust base on what market give us on the sub 5 wave (yellow collor in chart).
ETH/USDT Elliott Wave count 15 min TFEthereum may have been completed a flat correction that I think is a 4th wave.
Wave C needs to complete 5th wave from an ending diagonal. Also we have RSI divergence here so I am expecting to see a downside move from 1650 zone where is 1:1 proportion W vs Y.
Enter short on the break below 4th wave from this ending diagonal C wave
BNB Elliott Wave count 6H TF BNB may have ended a WXY correction to the upside and now will turn to the downside. W vs Y hits 1:1 ratio perfectly and from there turned to the downside.
We may have a Head and shoulders formation also here with target 200 usd.
Blue line shows that BNB is still remaining into an uptrend but a break below will confirm more a move to the downside.
1810 XIAOMI | Elliott Wave Analysis - Possible Dump & Pump?Price action and chart pattern trading
> Ending diagonal with asymmetrical triangle pattern - possible scenario with dump & pump before ABC uptrend reversal.
> Aggressive entry @ downtrend channel wave ii and iv breakout
> Safer entry point @ triangle breakout
> Target @ previous 1 wave 0.382- 0.5 retracement zone
> Stoploss @ triangle lower support zone
> Risk reward ratio: 2:1
Indicator:
MACD - signal golden cross anticipated soon
RSI to breakout downtrend line MA before making the long entry
Always trade with affordable risk and respect your stoploss
ETH/USDT Elliott Wave count 1H TFThis is my bearish count and I will stay with this count because I have more confidence in it than the bullish count.
I think we are into an impulse wave to the downside that may be a bigger A or an wave 1 that will send ETH deeper than previous low 880. But if it will be a wave 1 this all move from 880 to the upside is not more an impulse.
I am waiting to see a 4th subwave here from the 3rd wave. The price must stay below 1750 resistance that I think will be tested soon. From there I am watching to short again ETH
ETH/USDT Elliott Wave count 4H TFEthereum trying to keep 0.382 fib retracement for a 4th wave. From here we must see an impulse move to the upside that take the trend line.
Also Ethereum remain into this pitchfork.
Not too much confidence that it will make a 5th wave but this count remains.
A break below that support zone will send it more to the downside at the next support zone.
I will present you also the bearish count as an update of this count.
ETH/USDT Elliott Wave count 1H TFEthereum may have ended a WXY correction but it must not break below 1.618 fib extension. If it break than it will do an impulse move to the downside that may be a wave A and WXY it will be invalidated.
We have also another option here and I will put as update to his coount in 5 min.
Good luck
ETH/USDT Elliott Wave count 4H TFEthereum may have been completed 5 wave structure to the upside and will start to fall.
RSI shows that the upward trend has started to weaken also.
The price reached 2,236 fibbonacci extension.
I am searching for more clues to see if the impulse up is ended am I am waiting to break down the support line of those 4th waves.
Also I am waiting for more clues from you.
For now I will stay netural and wait for more price action.