USDCAD LongWhat's your opinion about this trade? share your ideas in the comments and lets discuss them..
Elliottwavecorrection
Bitcoin - RSI DIVERGENCEThere is an RSI divergence on DAILY chart since a moment. This gives a high chance that the bulls need a rest.
The 12345 wave formation also seems to be ended.
An ABC correction wave has started to form, we expecting wave C to fall lower than the A wave.
Trade safe.
IRIS finishing primary correction soon, turning back to impulse?Hi. In this 1D chart I've done a retracement of intermediate Elliott waves and charted the primary waves. I've concluded that a primary correction wave is about to finish.
Symbol NASDAQ:SCWX has a similar sector, product and an almost equal Enterprise Value.
It's current price is 13.22 $ or 110 SEK.
I value $IRIS at around the same price.
Thank you. Please if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods.
This does not constitute financial advice.
Any prices, even if explicitly stated, are presented with intent to discuss the symbol and potential interpretations.
Any trades shown or mentioned are examples and neither recommendations or mandates.
AfterPay - Price action needs to hold this level of support !!The APT price action is desperately looking for support and a pretty obvious elliott wave ABC correction is in play. Chart is suggesting APT needs to hold this level or we could see further falls down to the $70 level or even lower. Also H&S pattern is in play. Just an observation take with a grain of salt.
TESLA Intraday Price Prediction...)Hello!
Glad to present some detailed chart on TSLA.
Regards, Team Traders "PowerfulTraders"
Magic TA: The future is predicted magically!Earlier was the first to published an idea about BTC is not gonna break ATH 61800 at this point of time, instead will need a price correction before 72k! According to the observation of recent days, it is confirmed to be riding on the price correction wave. It would be a huge retracement according to the principle of elliott wave. However, after a while I've seen many analyser posted the similar chart.
My philosophy is always "sell when people buy, buy when the others sell".
Thanks to those who blindly buy (long) BTC at the peak of the hill, and so I'm getting extreme high funding fee from the trading platform on every 8 hours. ;) This may be the good timing for the newbie (especially those "smart traders" trying to "educate" me in a bad way) to understand, what's the real meaning "Do not chase ups and downs. Anyway, regardless long or short, debate / discussion with open-minded is always welcomed. Sincerely hope ALL OF US could make a fortune from crypto trading!
Again, this is not a financial advises. I'm not a professional analyser, and I've started the trading for 2 months ONLY. :) It's my hobby to analyse the pattern so it would help in my development of automated pattern trading software.
Gold - Elliot Wave corrective phase completed (ABC)lets keep our eyes on Gold and Silver next week as a nice reverse hammer candle also formed, which could be a clear signal of an elliot wave completion. will position into some stocks early next week.
Price correction: first target - 56200Earlier I've shared an Elliott wave analysis chart and mentioned we may on the point (B) position. meanwhile, I've revised the chart, and realised there are 2 possibilities.
Note: Please google on the complete elliott waves chart and compare to my draw.
1. Yesterday 2nd April 2021 highest point as a reference, we may on point (1) of the impulse wave.
2. Yesterday 2nd April 2021 highest point as a reference, we may on point (C) of the correction wave.
So, I've decided to draw another version. (above)
Sketch of 2nd April. (C) edition of correction wave.
Combining with others TA tools, to find out the highest point and next lower support line.
It's a cup and handle, with a highest point of 68517.
Meanwhile, applying ascending triangle to the chart,
we may see a lowest point of 55492, in the case of we get a breakout confirmation at 58930+
Last, be aware of the limitation of this ascending triangle.
The main problem with triangles, and chart patterns in general, is the potential for false breakouts. The price may move out of the pattern only to move back into it, or the price may even proceed to break out the other side. A pattern may need to be redrawn several times as the price edges past the trendlines but fails to generate any momentum in the breakout direction.
While ascending triangles provide a profit target, that target is just an estimate. The price may far exceed that target, or fail to reach it.
BTCUSDT going back to 43000 before new high?? ATH of BTC 61800 is not gonna break yet?
Yes, we're still in massive bullish price zone even retrace back to 43000! By applying elliott wave principle to the BTC market, we're currently on point B of the price correction zone.
Anyone may share your thought and tell me if i'm wrong? The chart drew according to the guideline of "Elliott wave principle key to market behavior"
BITCOIN BULLISH ELLIOT WAVE ANALYSIS || 73k !!In my view, it is time to new ATH. April seems to be a small altseason.
You can like and comment below.
Elliott wave truncationHello guys :)
In this Elliott we have something called truncation or failure. It's because wave 3 is too large and wave 5 cannot reach wave 3.
Follow me for more tutorials.
Cheers :)
Elliott Wave Extension 9 WavesHello guys :)
Sometimes we have 9 waves instead of 5 waves. This is rare.
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Elliott Wave ExtensionHello guys :)
In the previous tutorials we have taught you what Elliott wave theory is.
In this tutorial we're going to talk about extensions.
we have an extension in either wave 1, 3 or 5.
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Cheers :)
Elliott Wave Theory RulesHello guys :)
The Elliott wave theory has 3 rules.
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SPX Elliott wave count daily. 101 probable count1/ This new idea is based on the previous idea below, rsi possible extended 1st wave like our spx. Nothing guaranteed
here just an amazing similarities (chart # 1).
2/ The previous idea is coming handy for "Gaps behavior " and how they usually appear in waves 3 & C. Well it kind
of supporting this idea of an extended 1st wave. Here it is below (chart # 2).
3/ Combining these together kind of make the argument for and extended 1st wave is more probable, or not.
4/ So what's next, well Elliott Fibonacci Retracement and Extension Guidelines for an extended wave 1 as follow:
If wave 1 is extended, then the size of wave 3 through to the end of wave 5 is often 61.8% – 78.6% relative to the size of wave 1
If wave 1 is extended, then wave 2 and 4 are very likely to be shallow (i.e. 23.6% – 38.2%)
If wave 1 is extended, then wave 2 will often end at the level of sub-wave 4 of 1 (i.e. the internal wave 4 of wave 1)
4/ That's would put the probable target for this bull's move since March's low between .61-79 fibs with
minimum requirement @ 4122:
ZIGZAG CORRECTION IN GOLDAs recently GOLD (XAUUSD) was rising, we have recognized the completion of the five waves up followed by lower degree five waves down. REMEBER: Five wave move against the major trend indicates the beginning of correction, specifically ZIGZAG CORRECTION. Therefore, we expect ABC zigzag correction that later will be followed by continuation of the trend to the upside.
The same movement is expected to take place in SILVER (XAGUSD), therefore you can capitalize your self through this positive correlation.
WHAT ARE YOUR OBSERVATIONS ON THIS, PUT THEM IN COMMNET SECTION.
SPX's 70s ABCDE & 20s ABCDE waves, a " Game of comparison" .This Game is adjusted to 1/4 of Cycle time. Meaning that 20s ABCDE waves took 1/4 of the time
of the 70s ABCDE waves. This "Game of comparison" could be irrelevant to SPX, like nothing
at all to compare, but it's what it is therefore do not take it seriously just something to watch every once a
and while.
The real question will our "BIG MAMA" allow this to happen, of course "No" Mama will not accept that. "UNLESS"
we get a big catalyst of some sort ;-) that big Mama can not handle for few weeks ;-) .
Here is an idea how big is Mama right now !!! with out the stimulus , imagine how big will it be starting this
weekend when the money inflow start with checks coming this weekend or sooner .
BTCUSD 15 m / short term /Very hard correction.
wave abc / blue / is zig zag
wave c / blue - diagonal
wave abc blue - create wave (a) /yellow/
wave abc white is zig zag and create wave (w) white.
wave (x) is connector
wave 12345 white is expanded diagonal for create wave (1) green
wave (1) - (5) green is leading diagonal for create wave a orange
Wave b orange is zig zag
wave 2 white is zig zag
wave 4 triangle or flat ( in this time )
One more Up for finish all waves ... wave 5 white, for finish wave c orange, for finish wave (y) white and finish wave (b) yellow.
This is the full EW count
LTCUSD 30m /short term/Simply correction ABC
Wave A - 5 waves
Wave B - /running flat /abc - yellow / 3-3-5 /
