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Elliottwavecorrection

SSIA idx stock :Example of Complex Correction Wave Here is the example of complex wave calculation based on elliott wave principle. Overall complex correction wave consists of 5 combined wave (w)-(x)-(y)-(x)-(z). These complex correction played out for very long period time thus can be very confusing. (w) wave is a zigzag of a-b-c, followed by triangle a-b-c-d-e (x), another zigzag a-b-c (y), followed by flat a-b-c (x) and last, completed with zigzag a-b-c (z). This educational analysis provided also with example entry strategy, my entry strategy placed on top of last wave 4, why? Well, it gives slight confirmation that the (z) wave of zigzag is completed. The stop loss placed on the very bottom of (z), which means the invalidation zone. Apparently, this strategy only compatible for a long term investing. This educational analysis is not a financial advice, you should do your own research and always make sure to criticize before consummation. And last, because the asset is stock, always compare with the fundamental condition of the company. Thank you, share and like if you found it helpful!
IDX:SSIAEducation
by danuto17
BTCUSD Short - Multiple pattern and candlestick analysisPatterns 1. Harmonic Pattern shows a Bearish Crab (Bear) 2. Leaving the ascending channel at the bottom (Bear) 3. Forming a symmetrical triangle pointing upwards slightly (Bear) 4. Elliot (correction) wave ABCDE is at play which could become double or triple top or a head an shoulders (Bear) 5. Declining volume shows there's no big price changes coming (So for now remains bearish) Candlesticks 1M: Evening Doji Star (Bear) 1W: Bearish Harami (Bear) 1D: Bearish Engulfing (Bear) 4H: Bearish Engulfing as well (Bear) 1H: 3 Bearish Soldiers (Bear) _____________________________________________________________________________________ I'm purely a beginner in technical analysis. Please hit like, follow or place a comment if you wish. Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
BITSTAMP:BTCUSDShort
by AlgoSurfer
EURGBP Long Oportunity on 4H TimeFrameBased on Elliott Wave model, I expect the price to move upward. Price have done correcting with wave ii zig-zag correction of A-B-C, wave iii now in play, expect price to break the top of wave i. Since it broke the top of previous wave 4, the setup is complete, long position can be opened with stop loss at bottom of wave ii. I personally prefer to wait until stochastic bounce up or in oversold position probably in next 1-2 days. Hope this analysis helps. If you find it useful, please leave a like and share this analysis.
Long
by danuto17
1
GBPUSD POTENTIAL BUY SETUPPrice has been trending down and has reached a key support level on the daily. If price respects this level, I will wait for an inner trendline break to open a long entry. Overall, if this has happened, price is pulling back for a retracement to eventually continue down. The Take Profit 3 area is 61.8% of the entire move down and is a key level. ______________________________________________________________________________________________ If price does not respect this level, I would wait for it to break through, retest and enter for the sell. If we are signaled for a sell, I expect price to travel to the long term support zone ~1.14XXX
Long
by kacijackson
XAUUSD - WAVE D STILL FORMING?We’re in a clear Bullish Ascending Triangle on XAUUSD. There is a possibility that the wave D has not formed yet. I will be looking to see if we get a bounce from resistance. As you know, wave E does not always get put in so I would prefer to go long from the bottom of E (1680-1684) if it plays out rather than to short from D. Either way, I’m expecting a break out to the upside when XAUUSD finishes consolidating. There should be a quick retest of the breakout area allowing one to take a long position from there. The Bullish Ascending Wedge on D1 provides further confluence to this idea. *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 analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust you own analysis. Beyond Edge
FOREXCOM:XAUUSDLong
by BeyondEdge
2
Correction Wave 4 in play - XAUUSDElliot wave count adding further confluence to my previous ideas. Expecting a bullish breakout from current consolidation. Quarterly outlook:- 2nd: Bullish 3rd: Bearish *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 analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust you own analysis. Beyond Edge
FOREXCOM:XAUUSDLong
by BeyondEdge
2
JPFA : Possible upside1 hour chart shows a possible buy setup. Based on elliott wave principle. Wave 2 is ended with W-X-Y structure and nicely touch the 0.786 fibonacci retracement level. The price need to break peak of X wave to validate the counting. Plan Buy if break 1050 stop loss at 760. This idea is also supported with bullish divergence on RSI and stochastic. Cheers & god bless. Bahasa Indonesia Chart 1 jam memberikan kesempatan untuk buy dengan alasan perhitungan wave elliott untuk wave (2) bisa jadi sudah selesai dan lanjut naik ke atas (lanjut wave (3))apabila harga tembus puncak X dan keluar dr channel sideway. Pertimbangan wave (2) mungkin sudah selesai adalah dari angka fibo 0.768 yg disentuh ujung Y lalu terpantul ke atas. Plan nya adalah buy saat break 1050 dan stop loss di 760. Analysis diperkuat juga oleh indikator RSI dan stochastic yang menunjukkan bullish divergence. Semoga analysis ini bermanfaat, god bless.
IDX:JPFA
by danuto17