Elliottwaveanalyis
EURUSD Entering the Belly of the Down TrendUsing Elliott Wave as our guide, EURUSD appears to be entering the belly of the down trend and correction. There are wave relationships near the current price so a bounce may develop.
As we are in a bearish impulse wave pattern, if this bounce develops, I am looking at the bounce as being wave iv of (iii). I anticipate the bounce will be shallow and EURUSD eventually works down to 1.1850 to finalize (iii).
Bottom line, look for continued USD strength. It will be interesting to see how this USD strength affects main markets like equities and gold.
ADA/USD Elliott Wave Count - How Much More To GoHey Everyone,
I help traders create a full time income without working the full time hours by mastering a complete A-Z trading system called the SCIMR method. Follow and like to start shifting your results. Looking forward to helping you grow.
In this ADA/USD chart I am projecting an impulse wave where ADA is almost completing the 3rd macro wave and looking for a 4th wave correction. Many alts are in similar scenarios and others just hit price discovery and can see an out performance over more established alts such as ADA that don't pull as much speculation.
Follow along with these profile for macro alt counts and updates and you can see what we've been looking at thus far below. Thanks for checking in.
-NewWave Trader
When the Stars Are Aligned - Trade the High Probability 5th WaveOverview video on how stocks generally behave and how our Elliottwave Indicator Suite can measure that behaviour to identify high probability 5th Wave Swingtrading opportunities.
$GM General Motors is used in this great example where Paul also discusses managing this 5th wave trade.
DXY 1Day ELLIOTT WAVE PATTERNS
Extension Pattern : By definition an extension occurs in an impulsive wave, where waves 1, 3 or 5 can be
extended, being much longer than the other waves. It is quite common that one of these
waves will extend, which is normally the third wave. The two other waves then tend to
equal each other.
In our pattern definitions we call it an Extension1 if the first wave extends, an Extension3 if
the 3rd wave extends and an Extension5 if the 5th wave extends.
USDJPY the next wave 3Hello guys,
The next target is wave 3, follow me to be updated If this analysis can be useful for you.
ETH to finish correction before taking out ATHIt looking like a triangle in the B wave of this correction.
C Wave to go down to an area of high volume (maybe not the highest one but one before... to be seen).
After completing the correction, expecting a new impulsive wave to pass over the all time high.
There is a short and long opportunity in this idea. I'd go for the long (maybe not as aggressive as shown here, just an idea :) )
This is not financial advice.
Trading The Behaviour with Stocks - ETSY perfect exampleIn this quick video recap we discuss using our ElliottWave Indicator suite when trading the behaviour of stocks after profit taking pullbacks. As they say, when its trending - its trending. You just need a set of tools to measure the behaviour in a simple and consistent way. ETSY is behaving very well this last 12 months and is a great example of trading the 5th wave move of an elliottwave sequence.
UNI/USD Breaks Away To These Major Targets | Moon Inbound? Welcome everyone,
My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life.
Let's Talk UNI/USD
The group has been long on UNI since 4.06, currently up 26% and looking for overall targets of 5.50 and just shy of $6. These are conservative 1:1 targets for UNI and if its ready to take on a full impulse then this baby can start heading to the moon, with targets as little as 7.28 and $9. DOT is currently in price discovery as well that we caught prior to breakout.
When it comes to catching Runaway crypto's like this that are in price discovery its important to identify the higher time frame trend its currently working on (4hr for UNI and moving into a 1 day) and then jump down two time frames in multiples of 4 to look for buy signals based on your indicators/strategies and then using the invalidations of your higher time frame as your ideal stop loss, but if experienced enough can also keep track of that on the smaller time frame.
Just wanted to share these north targets for UNI and I'll be sharing a DOT chart next as well.
Are you currently in UNI? Leave a comment below with what your entry price was, lets see who got the best entry on this. Mine was 4.06 overall, I'm sure someone can have me beat!
Checkout the links below if you'd like to learn more about me and my team's services/products to helping you create your ideal life through trading.
To Your Success,
NewWave Traders
