Deep ABC Downtrend forming! 1st Comment has link to chartLeading Diagonal (Elliot Wave) is forming on 1 hour time frame which will lead to a large downtrend, trade appropriately!
I'm not a professional, just someone very good at seeing patterns and correlating data. Please use due diligence and do your own research/confirmations on this data. This information is for speculative/educational purposes.
If this saved or made you some money, please consider tipping as I lost a decent chunk of money trading this unfortunately until I realized what was forming! Comment if this data was helpful. Good luck trading!
Elliottwavecorrection
Bitcoin - I'd say.... Sell the news! The Tesla acquirement of Bitcoin was in january... why be bullish when it's not the rumor?
Sell the news!!
#BTC #Bitcoin
I see a wave 5-3-3 with a 1.5 bill Tesla buy rumor hanging in the air.
But the rumor is NEWS The acquirement was in January, so sell the news I'd say.
Weekly 21 ma lacking behind at around 26.000$
I see a correction around the corner.
The rest is on the chart.... ask if any questions!
Possible wave 4 into wave 1... the whole nine yards.
My sentiment: Neutral to bearish.... building a short position
Happy trading!!!
DXY vs EUR/USD : Expressed by Elltiott Wave Structure 💡It is known that the Dollar and the Euro are inversely correlated, but What we found here is the Elliott Wave Structure that is respected by both currencies but in inverse way.
If We look on the graphs we can see that the Euro is moving downward, however the DXY is rallying to smash previous highs.
According to Elliott Wave Theory, Both currencies are in Wave C, which is the last wave in the cycle.
Let's see in the next few days if the EUR/USD will reach the 1.1924 level and the DXY test the 92.13 mark.
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Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
Stamps.com - Rare Elliott Wave Combination Ending In Live TimeThis type of extended Elliott Wave Pattern is known as a triple-three combination. As you can see, it is extremely complex and ends with a clear triangle.
I have never seen such a complex, corrective wave sequence this clearly pronounced, nor have I seen one of such long duration (and catch the very end of it).
This identification of this pattern is extremely useful in this case - signals that many individual stocks' "upward corrective" trend since March 2020 is coming to end very soon.
I'm shorting this since its as good a chance at catching the top of 132-point drop (initially) as you may ever get.
- PermanentlyCorrectingPig
NASDAQ:STMP
TVC:NDX
NASDAQ:AMZN TVC:SPX TVC:DJI
GBPAUD analysisHi traders, I think that we might see one more push to the upside on GBP before reversal. I want to see price to made some price action for buy, it might bounce from trendline. I see gbp index to push bit higher. Around upper trendline where i expect reverse its even daily SMA line which can nicely push price lower from that point, and there will be abc flag completed. So far we are having A and B wave in that 4h flag correction, so C wave is expected. Wait for price action before buying! Good luck
MUST SEE! LINK/USD To This Price!?! Here's How...Welcome everyone,
My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life. It's 100% possible!
Let's Talk LINK/USD
So this baby is staring at a dark scenario to $6, however depending on what side of it you are on that could be very profitable as well.
If you follow my style of trading and system I'm very big on acknowledging both counts to the market so we can be prepared for either scenario.
But we also have to pick a side, so we have had a short setup on LINK since 13.10, which is standing up about 10% at time of writing.
So the bearish invalidation is going to be surpassing previous high at 14.88. Until then downside potential seems strong.
Let's also talk about the upside potential. If downside count is invalidated at 14.88 basically, then that's where we should also know where the upside potential lies. It's hard to deny that LINK's current climb in the ascending channel has been corrective, it had the opportunity and dropped the ball, so if we're going to move higher it will have to be as a complex structure and we should likely look for a 1:1 extension in the green count that takes us to 25.74. In this case it'd have to be a running flat at most and then take us higher.
Multiple ways to trade the intraday on this as it plays out in either direction. Follow along to keep updated with the count and for more info check out my signature tag below.
To your success,
Schyler