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Elliottwavebelgium

ADBE - 2 way this could play outWe have 2 possiblities here. Either we are in a complex WXY correction which would then take price towards 415 i n a corrective fashion similar to the dotted line drawing. or we are finishing a Flat corrective wave 2 pattern in which case price should remain above the invalidation level at 439 . The usual termination point for wave (C) of a Flat pattern is the 100% and 127.2% projection of wave (A) from (B) but the 127.2% level would be below the invalidation level, therefore we can discard it for this setup. 100% level comes at 451, which is also the 78.6% retracement level of wave 1, known also as the last line of defense for bulls. So, price needs to ideally remain above that level if we are to see higher prices. Note also that any move above 505 even before touching the 451 level should be considered as a big bullish indication!
NASDAQ:ADBE
by ElliottWaveBelgium
BITCOIN - Finally reaching 20 000$ ?! - Other followingWe seem to have finished a Triangle count here so can look for the move higher to be equal to wave (i) which gives us a potential target of 20219 . Of course it can go higher and I'd love to see it go higher but 20k is already a great target. If price goes above 19340 , it should continue to go higher towards the noted Fib clusters. Same view goes for the other cryptos ! Notice that Litecoin and XR P have the biggest growth potential among the list. For LTC I think it's doeable but XRP i'm not that sure, so, carefull on your allocations. But if price goes below orange wave e , we could see a sell off here so be twice as carefull in that case!
BITFINEX:XRPUSDLong
by ElliottWaveBelgium
4
FUTU - Support at 41/43, good place to start building longsThis one has been pretty good to me and my subsribers us althought our first buy in was stopped out for a tiny loss but we were able to get in again and got some nice profits out of it. Now we're in a fourth wave so this could and probably will continue some more sideways if it stops at support. So, building longs slowly is the way to go imo but only if we see price stall around the marked support zone !
NASDAQ:FUTULong
by ElliottWaveBelgium
2
S&P500 - Is this just a fakeout ? Fantastic R/RThis is the SPY ETF but the count is the same for SPX too. I don't know if we're in a 3 waves correction here or in a 1,2 situation. - If price starts to go lower but in corrective fashion and doesn't invalidate the count, chances increase (by a lot) that we'll see a rally higher. - If on the other hand it keeps on going lower, I expect this to be a wave C or Y, completing a Flat correction or a WXY combination that started on September 2nd. - And if of course price goes above 269.4, this would make the Diagonal pink wave 3 the shortest motive wave hence invalidate the count and thus probably continue higher. The R/R is great and completely makes up for the low probability of this setup at this point if you want to short right away. For the more risk averse traders among you, you could wait for a sharp drop below pink wave 4 before initiating any trade or simply a 5 waves drop followed by a 3 waves correction.
AMEX:SPYShort
by ElliottWaveBelgium
2
Gold - Reversing now or one more tiny drop first ?We seem to have finished a WXY correction contained in this descending channel. A move above orange wave iv is a first sign that price is reversing but you can wait for a break above the middle channel line which would be a another bullish sign, followed by a move outside the channel. Beware though, we could see one more tiny drop down to around 1750 if the alternate count is correct and this is actually just orange wave iv.
FOREXCOM:XAUUSDLong
by ElliottWaveBelgium
4
DAX - Simple bullish breakout setupThis is a simple setup that could yield around 300-350points. Simply waiting for a break above the resistance zone. Personnaly, I'm putting a buy order at 13250 with a Stop of 60points. If we see a big candle breaking higher with high volume confirming the move, I will immediately move my stop to it's opening price. Beware fake-outs though ! If price breaks out but comes back down again, support is around 13150 at first followed by 13096 next. If this goes below that level I will simply cancel my order.
OANDA:DE30EURLong
by ElliottWaveBelgium
S&P500 - Long term chart We are in this complexe wave 4 correction which is freaking everyone out and that's good, that is it's purpose. Right now we're seeing price retesting the 200MA, if they can hold, we should see one more leg lower (refer to my previous posts). First support should then be around the 1950-1850 zone. If we don't get a new low, expect price to continue sideways between top and bottom just to wear everyone out before ralling higher. One possible target zone would be around 4880 in the coming months or probably years. That zone will have to be re-evaluated once this wave 4 is over but it's a good start for now.
TVC:SPX
by ElliottWaveBelgium