NASDAQLooks like we have completed the 4th wave and in 5th wave we are going to lead towards 0.618 fib levels, wait for the invalidation point , thank you
Elliottwavecorrection
GBPUSDStill gbpusd is in bear trend , WE have an high probalities to move the price towards the downside , according to elliott wave we will meet the 5th wave by next week , let's see
BTCUSDT Elliott wave analysis, what are your thoughts on this?Base on Elliott's theory, right now we are on correction phase B, the question is how deep is correction wave C gonna be ?
I dont think we can reach new ATH on this december or even this Bull Cycle.
Invest wisely brother, dont put your eggs in one basket.
Feel free to post your opinion on the comment section!
GBPJPY SHORT THE LAST LEG***************************************************************************************************************************************************************************************************************************************************************************************
***************************************************************************************************************************************************************************************************************************************************************************************
This Trade was planned over a year ago. GBPJPY will possibly make a final drop to complete the last leg of a triangle formation very visible on the monthly time frame. Entered on the Daily with stop at $152.20. Lets see how this plays out. Please do your own research and DO NOT take this as a financial advise.
***************************************************************************************************************************************************************************************************************************************************************************************
***************************************************************************************************************************************************************************************************************************************************************************************
DIDI expect in corrective wave W-X-YAccording to elliott wave analysis, pricing is heading to complete 1-2-3-4-5 which impulse wave C.
Elliott Waves & 80K Bitcoin SoonLooks like were heading in to our 5th leg of this elliott wave pattern
XAU / USD Let's take low lots here , and risk of 100 pips ! , buy mode on in gold , holding the fib levels 0.618 perfectly soon we might see a bounce back in gold , let's see
GBP/NZD ShortWe expect this to be the trade of the week as well as NZD/CAD. Our fundamental bias on this pair is tilted to the upside. we expect NZD strength due to the interest rate hike circle they are on. Market is expecting the RBNZ to raise rates tomorrow and our bias is negative for GBP since we expect the BOE to disappoint the market and leave rates unchanged.
EURAUD Starts selling-off Its In Wave 3 PhaseEURAUD seems to be in a wave 3 phase less price will continue to the downside. Wave 3 is normally a wave that extends the most with very fast price action. One way to measure wave 3 is by the use of the Fibonacci extension tool, we will wave 3 starts to unfold soon. We are currently in wave (5) of a higher timeframe hopefully price will move down soon it will be very interesting to watch. How I like to look at wave 3 is by referring to wave 1 price if wave 1 was slow and choppy then that means the wave after wave 2 is wave 3.
BTC correction almost complete!Holding on support, wave 4 perfectly touched and hold on the 0.382. I believe we are in a flat correction. Break above 60k will hype up the bulls and we could continue with the bull rally. Moving below 0.786 (56k) could take us down to 53/50k level.
NZD/CHF long positionThe RBNZ on their last meeting started the tapering program so that a bullish move for the NZD hence after tapering its rates hike. on the bigger structure the market is completing a WXY patterns that's in the same direction as the fundamental outlook. Note any correction will offer short term buys and any positive developments in the economic data should fuel the support for the NZD and put pressure on CHF
BTC 16/11/21I get two pans for this time of BTC (NFA)
1/ My first option to predict BTC after "Biden sign infrastructure bill, handing crypto broker definition to the US Treasury - The Block".
The price will drop to this support (red line), and to complete the expanded correction way before getting the new ATH.
2/ The second option is more positive, the price can back to move up slowly and follow the barrier triangle of correction five-wave pattern.
XAU / USD Gold looks like consolidation , 4 th wave is running , may be we can see some blast in gold leading towards the 1909$ levels !! let's see
EUR / AUD Looks like it wiil be dropping in this week harder , we can make some good money here ,wait for retracment then do the sells
GBP / USD Trend is totally bearish , we need to wait for some corrections to go for a sell or buy , wait for the confirmation
GBPAUD ELLIOTT WAVE ANALYSISshared this analysis on a Daily time Frame when it was still at wave 2 , but i might have violated trading view rules , but anyway price is correcting for a wave 4.
FCPO Comes to BIG Correction ?Hi there, its been awhile since my last published.
This is what i found for Futures Crude Palm Oil (FCPO) Bursa Malaysia Derivatives.
Alternation + Channelling in Corrective Waves
Channelling through corrective waves (by the rule of alternation, it is entering wave C in expectation of complex/sharp correction since wave B was in regular triple flat WXYXZ)
With maximum expectation of wave C 161.8% at 4649
Well, this is only the ideas and please do trade at your own risk.
The November Bulls Forgot Wave CSeptember was a perfect wave A down while October was wave B up. I projected the original top for Friday but we were still shy of 460. Today's open got us there. Wave B quickly retraced 100% of wave A without its internal 5 wave pattern so I set the next stop around 460.58 which was the Fib 123.6% extension. Additional wave analysis of wave C's internal 5 wave structure revealed two potential end points for wave 5. The first top would have been around 458.49 which would have been 100% of internal wave 3, the second is 114.6% of wave 3's movement at 460.71, with the third probable top at 123.6% at 462.08.
Today we saw a top at 460.70, which was 1 cent shy of one projected top and 12 cents higher than the first projection based on the main wave A's movement. ***IF THIS HOLDS*** we likely witnessed a correction wave described as an irregular/expanded flat. These typically have the final wave C move 123.6% to 161.8% of wave A's movement.
This puts the conservative bottom (123.6%) at 419.83 with a potential bottom as deep as 409.25. While this would not quite be a 10% drop, this will certainly catch all the bulls off guard. I think November will be red and maybe into or through December as well. I have typically found the length of wave C to be nearly that of A, but it is likely to fluctuate as it moves on. The current projection has us red into the first week in December but time will tell.
CAUSES:
Fed red? Inaction in Congress? Does Congress pass tax regulations forcing investors to pull out gains this year at a cheaper tax rate before major hikes next tax year?
I ultimately have the markets rebounding after this December bottom. However, the next drop around September-October 2022 will be very deep (not catastrophic yet--maybe the year 2029).
XRP - New BULL cycle pendingGood morning traders,
XRP is possibly setting up for a new bullish cycle to the upside.
There is currently a negative trend line acting as resistance in the short term. Once broken to the upside we can expect a large impulsive move.
Let's see how this tracks over the coming days.
The invalidation point is acting as our SL zone, if breached this bull count is incorrect.
XAUUSD Ongoing Correction - Expanding TriangleGold is forming a short-term expanding triangle.
As mentioned in the previous idea, price dropped further between the 1738 - 1717 highlighted before moving back up to current levels. I see it potentially going on to complete the wave structure above.
Follow on TradingView and Twitter for further updates. Your 'likes' are much appreciated and your comments are most welcomed.
Thank you for taking the time. Trade Safe!
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 informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
You should do your own research and analysis before making any investment decisions. Do not trade or speculate based on the information provided in this idea.
Trust your own analysis.
Beyond Edge
XAUUSD Ongoing Correction - Expanding TriangleGold is forming a short-term expanding triangle.
As mentioned in the previous idea, price dropped further between the 1738 - 1717 highlighted before moving back up to current levels. I see it potentially going on to complete the wave structure above.
Follow on TradingView and Twitter for further updates. Your 'likes' are much appreciated and your comments are most welcomed.
Thank you for taking the time. Trade Safe!
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 informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
You should do your own research and analysis before making any investment decisions. Do not trade or speculate based on the information provided in this idea.
Trust your own analysis.
Beyond Edge
