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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.
Short
by NewWave_Traders
4
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 $130.
FX:USOIL
by Big_Mike716
1
12 Year old Trades Elliot WavesAmazon ($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.
NASDAQ:AMZNLong
by duckenterprises
1
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.
OANDA:XAUUSDLong
by edgeAZFX
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.
OANDA:XAUUSD
by PakRT
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.
MYX:FCPO1!
by zhafrihandsome
7