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Elliottwavecorrection

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.
Short
by Weshareio
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.
MYX:FCPO1!Short
by zhafrihandsome
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).
AMEX:SPYShort
by StockSignaler
5
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
FOREXCOM:XAUUSD
by BeyondEdge
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
TVC:GOLD
by BeyondEdge
2
Will Bitcoin Price Reach This Zone?Hello, guys! I read the Trading Chaos chapter about the time target zone for Wave 4. How to calculate it? We should take the the time between Wave 1 peak and Wave 3 peak, multiply this value by 1.62 and 1.38. Measure this value from Wave 2 bottom. If the Wave 3 ended, we can see the Wave 4 end in the red area. As I told in my previous analysis the price target area is $54000-$56000. Will we see the price exactly in the red area? Let's discuss in the comment section. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
by Skyrexio
2
Trading Chaos Part 5 | CorrectionsHello, everyone! Last time we considered the Elliott waves 1-2-3-4-5 cycle. Today we are going to talk about correction types. Corrections contains of 3 waves A-B-C. Bill Williams recommends to trade only Simple Zigzag corrections, but we also should be able to distinguish other types of corrections. Let's go! Simple Zigzag Correction If you find that the corrective Wave A consists of 5 waves there is a high probability that current correction type is simple zigzag. If you decided to trade this correction, you should wait the Wave B end and execute the short trade. How to spot it's end? Find the target zone, usually it is between 50% and 62%, one of the three bars on the top should be the squat bar. Also you should find the fractal on the top.
Education
by Skyrexio
1
Dow Futures (YM): A Double Three Correction Is Taking PlaceShort-term Elliott wave view in Dow Futures ( YM) suggests that the decline from the August 16 high is unfolding as Elliott wave double three structure in a bigger wave ((4)) pullback. Down from there, the decline to $33628 low ended wave (W) in a lesser degree double three structure. Up from there, the wave (X) bounce unfolded as a zigzag structure where wave A ended at $34236 high. Wave B pullback ended at $33638 low and wave C ended in 5 waves structure at $34938 high thus completed wave (X) bounce. Below from there, the decline is unfolding as a lesser degree zigzag structure where wave ((a)) ended at $34121 low. Wave ((b)) ended in 3 swings at a $34554 high. While wave ((c)) is expected to end in between $33686- $33177 area lower. To complete the wave W lower & see a 3 wave recovery in wave X before further downside is seen. Near-term, as far as a pivot from $34938 high stays intact we expect short-term bounces to fail to look for a $32867- $31590 target area lower before the decline from peak gets mature & resume the larger trend.
CBOT_MINI:YM1!
by Elliottwave-Forecast
Square - Elliott waves | Gann | Planetary Aspects $SQSQ has topped out on 5 AUG, perfectly closing at Gann level 284. Price has since formed a series of corrective ABC patterns and bounced off the 20 week MA on 13 SEP. Square is currently approaching Gann level 267, with the 5th wave coming to completion (green count). The blue box is also the 50-60% retracement area of Wave (a), where sellers may step in. If SQ stalls in this area, we may prepare ideas for the next short exposure to participate in wave (c). A target could then be Gann level 206. (Wave (a) encompassed 3 levels, wave (c) may encompass 4 levels to complete 7 Gann levels, the cycle number). Correlations: BTC performed a bullish reversal after completing 5 waves down. Two constellations on 22 SEP, Sun square natal Venus and trine natal Jupiter, promised an expansion of bullish volatility and we were not disappointed. However a retracement is due and that may potentially give us wave (c) in SQ. If BTC continues to rally, a drop in SQ becomes more unlikely and we may see a phase of contraction instead. As major stocks are completing a wave B, markets are likely to remain choppy and volatile before we see the next move unfold. ______________ In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand (momentum), and to use options premium decay for consistent income when markets may contract (range). Get a 14 Days Free Trial: www.constellations.trade Open an account here if you'd like to support my work: Deribit - Trade Bitcoin option premium decay strategies here: www.deribit.com Binance - 10% off trading fees with this link: accounts.binance.me STO = sell to open BTC = buy to close BTO = buy to open STC = sell to close These abbreviations in the chart are ideas provided as educational information and do not constitute financial advice. Disclaimer: The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.
NYSE:XYZShort
by UnknownUnicorn12250317