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Elliottwavecorrection

Depth of corrective waves. Elliott Wave.Elliott Wave Guidelines: Depth of Corrective Waves Understanding Elliott Waves is much more then the basic rules and 3s and 5s. A largely underused aspect of Elliott Waves is the Elliott Wave Guidelines. These go beyond the guidelines for each specific pattern and are meant to assist in determining the most probabilistic wave pattern. This is just the primary guideline of this larger Elliott Wave guideline. If you have found this inspiring/helpful, please consider a boost and follow! Also, check out the links in my signature to get to know me better! Cheers!
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by CryptoKnee
BTC Elliott WXYSo btc finally showed us the X wave Just Sharing... Macro look: weeks to show us the X wave, as I see it, right now we are on the Y wave, this wave might take same time than the W wave (7 months-ich) or even longer the nature of a wxy correction is complex, W wave was an easy ABC correction, X wave was a little more complex, Then the Y wave is the complex one, so we might not see and easy ABC here. (I've seen this complex corrections before it can stay into a little range for a long time and then drop heavely) Right now: Building wave 1 of Y, we can se range here on wave 4, waitting to drop a little more, maybe to dashed line to finish wave one. then we would see btc going up building and abc, this would be wave 2. Remember, wave 2 cannot go further than the begining of wave 1, so invalidation for this scenery is the red line.
BITSTAMP:BTCUSD
by sebastacio
Dow Jones Incomplete Bearish Sequence It can observed from the chart of Dow Jones Industrial Average Index we are in the mid of the correction happening right now. The Elliott wave sequence are as mentioned below: 1. We made an internal WXY in miner degree. 2. We have completed W-X wave of higher degree WXY. 3. We are in Y leg of the higher degree WXY. 4. Out 3 wave of Y leg we have completed A wave. 5. We are currently in B wave of abc of Y wave. 6. Invalidation level is mentioned on the chart. Any doubt you may directly ask me on comment section. This is not a trade recommendation but only a view. Thank you. Regards
U
by imkhushal
9
In terms of Elliot waves, three scenarios can be considered for The first scenario is to start the upward movement from now In the second scenario, we can move up from now on, but in the future we will see weakness in the upward direction and we will move down again within 5 waves (flat correction pattern will be formed). In the third scenario, we have to move down through 5 waves, of which 3 waves have been completed so far and we are now in wave 4. So we have to have another downward wave. The maximum amount of this decrease is up to the level of 14 thousand dollars. Which scenario do you agree with?
by aligheysari73
6
Nifty 50 Wave C Prediction (Expanded Flats)Based on my previous Nifty 50 charts this time I tried to explain more with texts and markers on chart. I hope it would help you to understand. This is just my prediction, It could be wrong anytime. After wave A to B retracement which was almost 0.382 from the previous wave (Must mention that SGX Nifty was 17014 that day, exactly where I pointed out) now the wave C could be 1 to 1.414 (Between 17748 to 18031). But I would say wave C must be not more than 17900, The yellow box is the sideways box. Dashed lines are all trend lines. Hope you traders will like it. Thanks for viewing ":-)
NSE:NIFTYLong
by LittleMouseIn
Elliott Wave Theory & BTC Decline/Bottom...??Haven't published in a while, and hardley ever use Elliott Wave as a trading hedge, but after some research , AND I SHOULD HAVE FINISHED THIS LAST NIGHT BEFORE TODAY'S DROP! I have found several ways to measure the BTC Bottom. 80%-85% drawdown from ATH on every bear market = $13175 Re-test last Bull Run highest Monthly close = $14000 Then there is the Elliott Wave Theory... 5 waves, with 3 larger down and 2 up like in the chart. Text Book Wave Theory states 1 and 5 are same percentage drawdown. This chart is -50%.... and 2 and 4 should be same percent bounce up. We have that confirmed at +43% & +45% Wave 3 down should be the biggest percent down...confirmed at -60% Zoom out to the 2Wk or the Monthly chart and you can easily see the wave counts and the similarities in the waves. Also play with the Chart Above to read stats Another way to estimate Elliot wave #5 down is to use a Fib Retracement from the previous low of #3 to the High of #4 extensions should be downward. The traditional wave #5 falls to the range between the 1.272 and the 1.414 ...Highlighted in the chart Now combine all the stats abd the 5 Day BBWP turning up and Stochastic turning down ...BTC should go lower Wave #5 should also have 3 inner waves, down first...Today's draw, possibly a bit more, then a bonce up and then further down to the area... where ALL HIGHLIGHTS CROSS ON CHART between $14600 & $15600 also be prepared for the 1.618 to be a wick at the 85% in the 13K bracket where the monthly closing high of the 2018 bull run hit Look at world markets and the DIXY too and OIL costs, the FED all that BullShit...they want all markets lower and more people unemployed and spending less money(ramble) We'll see how this pans out and revisit in a few weeks
BITSTAMP:BTCUSDShort
by Chefrusty