BTC expanded flat correctionSince our short term bottoming, I've let the consolidation play out for the week. After counting swings, I've immediately recognized an expanded flat correction. I won't go deep into detail of labeling every wave and explaining targets. Experienced E.W. traders will see this and understand it.
Elliottwavecorrection
XRP Ripple Gearing Up For A CorrectionHey Everyone, Schyler here with NewWave Traders.
In this chart I'm projecting XRP to experience a correction mid term with continued upside. This dip will be for buying in my opinion.
Bearish divergence between the 3rd and 5th wave as well as wave structure supports this bias and some TDI signals on top of that.
Let me know your thoughts in the comments below. Are you invested in XRP? Do you just trade it? Would you buy this dip I'm projecting?
Look forward to your answers below.
XAUUSD New impulsive wave soon! Moving higher for 7 swingsElliott wave count + fibonacci + SNR/SND + Divergence
As my EW count currently price doing correction ABC wave(yellow) after finish impulsive wave(green). Target wave C(orange) end and approach fibo ext 161.80% of wave 1 count of current subdivision impulsive wave(cyan). And will start new impulsive for 7swings and move high
ABC correction of ETHUSDHi
We had ending diagonal for 5th wave at the end of first elliot wave. Now ETH correct first wave by zigzag correction. It seems that the A wave is ended and B wave is started.
Have good trade.
Yours
Elliott waves correcion ABCafter looking at the graph, taking into account that a rule of elliott waves is wave C to go below wave 4, this channel will be broken down, the limit of the blue square above is the limit of wave 4 and the limit below is a price support, when breaking this channel there will be panic in the market, but it could be Beartrap before the final push to the new historic high
Irregular correction of BitcoinHi
We are in second correction wave in BTCUSD, the irregular flat correction is seen in this chart.
We are in c wave of ABC correction.
The goal of correction wave can be 22000-22500.
Thanks for your attention
Yours
btcBitcoin & crypto Markets looking kinda bullish today after CPI 8.5% beats the expected 8.7% & also down from June 9.1% reading. BTC can correct to $26,500 and still be in the zig zag on h4, extending past that level would mean wave 3 not wave C. Leaning towards the C wave TBH.
WTIOil in a bit of trouble here, likely entering a 6-10 month bear market correction. Downside target can hit the 618% of the entire 5 moves off the 2020 lows when WTI went negative.
Currently a lower time frame A wave has bounced off the 618% fib retracement level of the 5th wave. But we must correct that entire 5 up not just the 5th wave. We should bounce into a B wave soon on the daily
before making the larger C wave down close to $80. After that The HTF weekly A wave is complete and bounce again into HTF weekly B wave before finally nuking to $50 wave C to complete the entire move. You better BTFD IMHO guys because after this is done oil prices likely to run back turbo over $130.
AUDUSD - Short position for 15MI think wave C from wave 2 has been started and first impulse of it is ABCDE.
So by this view,we can open our position at the upper trend line and it probably get us target at the end of wave 4 of wave 1.
In this project,stop should be set at the top of B from ABCDE (price :0.69830 ).
entry: 0.69620
stop: 0.69830
tp: 0.68680
Good luck.
Bitcoin Elliot wave abc Correction completed- BULLISHweekly time frame. This is abc correction on a macro look of bitcoin! You can see this on the screen and as with the guide lines for c waves are that they typically extend to the 1.618 of wave A and we look to have pin point the 1.618 at 17.5k! If anyone has any thoughts on this feel free to let me know! @MelvinsMoves
AUDUSD is short in 1H timeframe.it want to complete wave C from flat correction.
And to do this,it should generate a 5 wave to down.
Because we have a Expanded flat,there is most probably to break point A.
Elliot Wave on Bitcoin Bitcoin entered a distribution zone(down flag formation) again. It has a higher chance of breakout down again to complete an Elliot Wave Trend.
(Not investment advice)
Futures Crude Palm Oil to Drop at the price area of RM3000Hello guys, this is what i found for the continuation counting from my previous post.
A running triangle appeared in wave 4 of wave C.
We were expecting the price to go beyond wave 5 in the area of RM3069 (to complete wave C)
Well, i could be wrong but luckily my expectation of alternate wave in wave 4 did happened.
This is just for knowledge & educational purposes. Please trade at your own risk.
Elliot wave TheoryJust an idea, speculation. This could indicate another push down but the macd is still strong and it is above 50 so this can very much be wrong.
12 Year old Trades Elliot WavesAmazon ($AMZN) has gone through hard times as this 2022 crash has given a volatility issue in many stocks, especially tech. Trillions of dollars have been wiped out, but there was a sort of pattern between these stocks like ($AMZN). I discovered these patterns months ago, but I have decided to teach my knowledge. This has long-term issues since it's in the Day chart, fortunately, it's going into an uptrend since it has touched the Support level, and from now the stock will go up.
The Elliot Wave was discovered by Ralph Elliot in his book the Dow Theory in 1938. The problem is that there is a trend in were the Market Psychology thinks that it will go up, and when there is a small crash there is a correction of the price, and it crashes until it's undervalued and people accumulate the stock.
XAUUSD H4 Intraday Long TradeTrade Plan
Instrument: XAUUSD
TImeframe: H4
Description,
Price has been developing 5-wave cycles on Daily (see embedder analysis). Currently price is developing Wave 5 of internal 5th Wave visible on H4 (Dark blue).
Apparently price is sitting at Monthly Support (price 1705.25) with Wave 3 of 5. Price is likely to visit 1746.73 -1753 area for Wave 4 of 5 before resuming bearish correction for completion of Wave 5 of 5.
Plan 1: Intraday Buy back to Wave 4 (low Probability Trade)
Plan 2: Wait for Price to complete Wave 4 before entering a Bearish swing to 1700 -1680 area.
Disclaimer:
Charts are EDUCATIONAL, not INVESTMENT recommendation.
SPX Elliott WaveNice bounce will be watching how it develops. The initial move up looks corrective to me, but in any case, a Zigzag and double Zigzags have similar most likely targets, so I will be looking in the same area regardless. Some nice confluence in that area. If helpful, please like and follow! Cheers.
XAUUSD Next Move After 2 Years Sideway
XAUUSD was moving in corrective wave for almost 2 years.
Last bullish move coincided with an increase in volume.
Soon will touch first support at 1680 and could bounce upwards from this level.
Will take a closer look on fundamental as well such inflation / stagflation issues, recessions and fed % rate policy for further confirmation.
Because more hike on fed % rate could mean more downward correction to the next support at 1580.
And AFAIK some whales have moved their money into other hard asset other than fiat.
$BTC Harmonic Elliott Wave CountAs per my previous HEW count of ETH, here I bring you my updated count of the Bitcoin structure since inception. I think we're seeing the very first cycle correction since birth, but given confluences between ETH's structure and Bitcoin's, I believe it won't be able to crack the 2020 covid low. After the correction is over, which frankly could take years, the sky is the limit for this thing.
United States Steel Corporation - LongThe daily chart of X (United States Steel Corporation) shows a clear five-wave decline coming to an end. While we might see a small decline still, we recommend going long here as this will be followed by a three-wave correction that could take prices back towards 25/28$.
Malaysian Crude Palm Oil Futures to expect falls below RM3800Hello there, it's been awhile since my last published. My apologies for not being actively in publishing the idea like i did before in 2020. Hope you guys are doing good.
Anyways just to update to you guys, im curently studying & practicing Elliot Wave from EWI (google it) since feb 2021. Was a candidate of CEWA examination LVL1 and right now im looking forward for LVL2&3 examinations & highly dedicated to get my CEWA-M to be the first one in Malaysia(May God wills). And ofcourse ! to contribute back to the society.
Okay, lets take a look in FCPO.
Based on what i have seen & following the FCPO movement since middle of jan 2022, this is what i found;
1. The current movement is in the Corrective Mode or inside the primary wave.
2. Apart from that, A & B wave have been terminated and right now are moving in C direction.
3. When we take a look in the extensions of wave 3 (intermediate), are moving in the guidelines in what we called as "Channeling"
- we can see in wave 4(minor), the price slightly move beyond the channel trendline.
- Based on the guidelines, we are expecting wave 5(minor) will terminates beyond the trendline channel below in what we called as "throw over"
- When the fifth minor terminates, then we can concluded wave 3(intermediate) will also terminates.
The next wave 4 in Intermediate Wave
1. We were expecting the movement will be in alternate waves (Well, the harmonic traders love that so much ! Cause it is the time to maximize our profits through up-side-down of the price)
To conclude, we can say FCPO has the ability to moves downwards and next... in the flat(sideways) direction for a while before beginning the new bullish wave in motive primary.
I could be wrong. But please just use it as an idea for you to analyze the market.
Stay safe, save cash & trade at your own risk.
Bearish Count on BitcoinLooking for feedback and tips on this BITSTAMP:BTCUSD count. Also see my bullish count below.
Bitcoin Cycle Count and ForecastI'd love some feedback on this count
Potential double zigzag in play on COINBASE:BTCUSD
