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Elliottwavecorrection

Great Zcash buy opportunity!ZECUSD formed a beautiful Elliot wave from July 5 - Aug 6. The correction that has followed is fitting nicely into Fibonacci retracement lines and it’s easy to see that we are on the C wave of an ABC correction. This has almost hit the 61.8% retracement ($84.39). I fully expect it to turn the corner there and enter another 5 waves up. As always, wait for confirmation. Note that so many other cryptos are bullish right now, whereas ZEC is doing it’s obligatory post-rally ABC dance. ZEC almost always moves with the rest of the crowd (and, when it doesn’t, it mimics whatever Monero is doing). The overall crypto trend, and Monero itself, are bullish right now ( duh ). Thus, we have every reason to believe that ZEC is at the perfect moment to buy. Once it tags that fib line, it should waste no time joining back up with the rest of the herd in the running of the bulls!
BINANCE:ZECUSDLong
by tarbh
SPX500USD (SPX Futures) made top of Bear Market Rally TodayThe slight new high in the TVC:SPX and OANDA:SPX500USD necessitates a slight recounting of the Elliot waves to account for the clear 5 wave drop from June 8th high to June 15th low while also accounting for the slight new high today. Bottom line no matter how you slice and dice it the crash from Feb highs to March lows was a clearly impulsive 5 wave drop and no matter how you try to twist your eyes and slice and dice it the rally from the March lows can in no way be counted as impulsive nor force a 5-wave count into it. Take away all counts and labels and indicators and look from a distance at the pure price bars since the March lows and it clearly has a corrective look to it especially as compared to what happened from the Feb highs to the March lows. The B wave of this March lows has formed a "running flat" with the June 8th to the June 15th 5 wave drop having been the 5-wave c of this running flat B. Since June 15th we have been in the final ending diagonal wave C of this B wave Bear Market Rally and with the slight overshoot today and rapid rejection in a convincing impulsive drop late today - meaning the Bear Market Rally - per this count - is over. Wave C to March lows thus began today not on June 8th. June 8th was indeed the end of the Bear Market rally in the Dow and the Russel 2000 and those indices have a slightly different wave count with wave 2 of C to March lows having ended today. The few big cap tech names in the S&P have been distorting the S&P. CBOE "Total Put-to-Call Ratio" made a lower low on June 8th as compared to the Feb highs which meant bullishness was even more extreme even though June 8th was a lower high than Feb. And now with the slightly higher high today, the CBOE "Total Put-to-Call Ratio" didn't make it to a new lower low today even with the higher high which makes the rally today highly suspect and likely a top. Take a look at the VIX today as S&P was making higher highs...the VIX kept rising which was a red flag that a violent reversal was coming as the rally since Friday has not been confirmed by the options market. The VXN made a far more dramatic bearish divergence with the NASDAQ100 as the latter was making higher highs today the VXN blasted higher aggressively. Even though the drop has been delayed in coming it seems to finally be at hand. The bottom line: trend over next few weeks and maybe months will be to the downside. To be bullish now and to position yourself bullishly by "buying dips" is playing with fire. Proceed with caution. Tomorrow earnings season begins in earnest. Let's see if the VIX and VXN saw this coming and led their respective indices (S&P and Nasdaq). Cheers ! Cyrus
OANDA:SPX500USDShort
by cyrusgr8
10
USDCAD BULLISH RALLYThe USDCAD chart below is analyzed using both elliott wave and Demand and supply zone(the two most powerful technical analysis tools).The wave 2 of wave 3 extension is a potential zigzag in formation which on completion will end in the Demand zone(potential zone where buyers will come into the market massively) hence, a bullish rally is expected to end at the 1.618(no extension) or 2.618 (extension) fibonacci level as those are levels where wave 3 tends to end.The risk to reward ratio is compelling.......more pips guys....Kingofthemarket says hi
Long
by kingofthemarket
BTCUSD- D-Wave Fall Below 8900 in X-Wave Triangle Can TroubleDisclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. -------------------------------------------------------------------------------------------------------------------------- Proposed X-Wave Triangle. Fall Below 8900 - Can Trouble The Bitcoin. Can we get the desired fall to 5000 odd levels below "8900" strictly - Let us wait & watch as time unfolds. -------------------------------------------------------------------------------------------------------------------------- Thanks for reading the idea
BITSTAMP:BTCUSDShort
by WaveTalks
4
Titán Elliot Views on USDMXN Posible Corto en corrección correción. Forma parte de nuestra comunidad de analistas bursátiles. Cronos Capital TODAS TUS ACADEMIAS EN UNA... * Nuestro sistema aplica para cualquier mercado financiero. * Trading de precisión con algoritmos interbancarios y patrones Market Maker. * Canal de señales de precisión y proyecciones Elliot wave Vamos a crear los mejores analistas bursátiles, y en el camino tendran libertad financiera... FX:USDMXN
Short
by CronosCapital