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Elliottwaveanalyis

Bitcoin latest updateHello traders, welcome to today’s analysis. I hope you are all doing great. From our previous analysis, we took a swing trade from higher 17k region to around mid 19k, sorry I missed an update earlier this week. We reached the top on btc around 19.5k with a lower sub-wave truncation and got some massive rejection. Wave truncations generally indicates that the market is over stretched and reach a top, but in this case we can call this a local top for btc if and only if we get some healthy corrections to the downside to keep the bull run in motion and eventually shatter the ATH another possibility is a change in trend which there’s no confirmation for that yet except for the fact that we got a double top with ATH in our last rally. The correction can come in any form and I don’t want to be all speculative about it, but usually with btc, WXY correction is a common one. The first level of correction we got is about 0.618(or 68%) retracement of wave 5(higher degree) impulsive move which is around 16k region, I labelled that wave w. The second level of correction we would like to see which could turn out to be a major correction for the impulsive move we’ve been tracking from higher 9k to 18k region could lead us to around 14 or 13k region, which is a good spot for re-accumulation for a market continuation pattern. If it fails, then that could hint a change in trend. We’ll be taking the corrective phase one at a time and try to be less speculative as possible. Trade Setup: We expect some retracement to 18k region (.5 or .618 fib level) which I’ll call wave x to correct for the recent dip we had before a continuation to the downside. You can wait for this retracement if you don’t want to scalp to 18k If you enjoyed this analysis, don’t forget to hit the like button, share, subscribe and stay tuned to this channel for more free updates. Don’t forget to share your questions, ideas and chart with the community in the comment section below. Donations via TradingView coins also helps me at posting more free trading content and signals here. Thanks for your continued support as always. I’ll see you all shortly Thank you Namaste! Traders Nueel_classic
BITSTAMP:BTCUSD
by Nueel_classic
4
XAUUSD Elliott Wave Forecast - Fourth Wave Still in ProgressHello all, Price achieved 1800 today and had an initial bounce of the horizontal support. It's possible that it can drop into the 1750 - 1760 zone. The corrective structure is still in formation. As mentioned in my previous idea, expecting to see a lower degree correctional structure forming over the next month to get a better idea of where the best possible entry will likely occur. Price action will likely be choppy. Follow me for more updates on this one. Trade safe, Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
OANDA:XAUUSD
by BeyondEdge
USD/CHF - 2 Bullish & 1 Bearish Elliott Wave PatternsThe USD/CHF made two bullish Elliott waves, and it's making the third Elliott wave, but this one is bearish. This chart is all about learning to apply the Elliot wave pattern. The first bullish Elliott wave started on the 21st of October and ended on the 23rd of October . And the second bullish Elliott wave started on the 23rd of October and ended on the 4th of November . Now, from the 4th of November, the bearish Elliot wave started, and The fifth wave is in the still making process. ABC correction is remaining . If you like my technical analysis on the Elliott wave theory in this chart, then like, comment, and follow me.
by forextidings
US500- Get Ready-Thrust Upside Can Lead to Wave 3 DownsideFor Educational Purpose Last Price- 3480 / 20:29 Hrs IST (Indian Standard Time) / 19th Oct2020 Wave (iv)- Penultimate wave -unfolding as a triangle then next wave should be the final thrust upside - only criteria is top @3588 should not be crossed for current wave count to be a valid count Expecting One push upside close to 3550/3570 to finish wave-(v) ( Crossing above 3506 highs) Once wave-(v) done & holds below 3588 highs then we expect larger degree Wave-3 to unfold below 3588 tops Wave 3 should travel 161% of Wave 1 distance downside giving us minimum target 3100 / 2950 later
OANDA:SPX500USD
by WaveTalks
5
US500- Will it drop & help India Nifty for Wave-Y? DownSP500 / US500 has been all messy & choppy -if upside rally stops in 3450-3475 then we expect down move with initial halt close to 3300 level & dropping further can take it to 2935-2950 ------------------------------------------------------------------------------------------------------------------------- NASDAQ 100 - Head & Shoulder at the top-12440 High (Bearish Outlook) ---------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- MCX Gold - Triangle Evolved into Ending Diagonal (Possible Scenario) ---------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- India Nifty Market Commentary ----------------------------------------- India Nifty was struggling to move above 11900 post-gap-up move & whole of the session was all up before dropping sharply in last hour might be showing its intension that domestic & global markets all may get ready for a move towards south. India Nifty has moved up recently as X-Wave (10790 to 11905) -looks like an irregular correction & could be heading down in Wave-Y if holds below 11870/11880 zone India Nifty -Last Idea Published
OANDA:SPX500USDShort
by WaveTalks
7
EURUSD - Preparation of terminal thrustCurrent scenario seems to be a corrective move , that too in a triangular wave structure before the currency prepare gives a terminal thrust to complete its 1-2-3-4-5 impulsive wave. As of now the price will move up & likely to face resistance near the zone of 1.18500 which will complete the wave - d of the triangular wave. After facing the resistance , the currency pair is likely to take a support near the level of 1.1800 which will form the wave - e . After the completion of wave - e there will be another impulsive terminal thrust to complete wave (v) of 5 .
Long
by TradingSutra
9