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Elliottwavecount

💸U.S.Dollar Index, 1792 to date●● Preferred count ◉ U.S. Dollar Currency Index (DXY), 🕐TF: 1M Fig.1 The counting of long-term waves has not changed. I still think that there is still a possibility of a correction to the area of the previous wave (IV) . On the other hand, of course, it should be understood that the fourth waves in most cases form lateral corrections with an overlap and do not always reach the area of the previous fourth. And is it a wave ((IV)) at all? I am sure that as the structure develops at lower time intervals, hints will appear and the least likely scenarios will be cut off. _______________________________________ ◉ TVC:DXY , 🕐TF: 1W Fig.2 In the meantime, we can make an assumption that the wave structure of wave c becomes more complicated to a double zigzag with a triangle in the sub-wave Ⓧ , but the combination and the flat are also not excluded. On the six-hour chart, the sub-wave Ⓧ in the form of a flat will be marked in black . _______________________________________ ◉ TVC:DXY , 🕐TF: 1D Fig.3 We were able to predict the completion of wave (B) and the subsequent reversal in wave (C) with high accuracy. Wave (C) is expected to take the form of a single zigzag subdividing into diagonal A and impulse C . The target may be the lower boundary of the ascending channel. _______________________________________ ◉ TVC:DXY ,🕐TF: 6h Fig.4 For you, my dear readers, I can suggest a few trading setups that will appear in the near future: The completion of diagonal A is a signal in favor of fixing a short position. Aggressive trading setup for opening a long position with a protective stop loss at the level ((v)) > ((iii)) . The completion of the subsequent wave B (preferably in the form of a triangle) is a trading setup for opening a short position. _______________________________________ _______________________________________ ●● Alternative count ◉ TVC:DXY ,🕐TF: 1W Fig.5 The option of counting wave Ⓧ in the form of a flat ( color marking) we have already discussed earlier. On this chart, it would be more correct to focus on an alternative marking, which suggests considering wave (b) of the supercycle degree from the position of the completed running flat a-b-c , in which wave c is an impulse ①-②-③-④-⑤ . A confident breakdown of the upward channel down can serve as a good signal in favor of this hypothesis. ______________________________________________ 📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️⬇️⬇️
TVC:DXY
by TradeWaves-EWA
2
Elliott wave 2nd of 3rd wave has just started On a monthly chart, wave 1 and 2 are complete and we are in the third wave. In 3rd wave, the 1st wave is about to be over. If it will retrace a good level (61% of wave 1, inner 4th wave of wave 1), then a nice bull run is expected. Short-term analysis - You can short it at some good level while managing risk. Long-term analysis - If wave 2 confirmation is good, A big move is ahead with a very minimal stop loss. Happy Trading!
NSE:CUMMINSINDShort
by tradersmantra
Price predictions for MATIC. Are you Bullish on Polygon?My primary expectation for Matic is one more low in a wave five of the wave c. However it has done a lower low so we could technically go up up from here and nearly hit the 50% fib which is an ideal retracement for a lager wave 2. If we are in the wave 4 still before wave down in the wave C. We could comedown between 0.6867 all the way down to 0.4587 in a wave 2. If we come down any further I will be laddering buy orders down to 0.45 cent. Just remember it reversing in this area is not guaranteed but I think its very likely. If we do reverse to the upside the wave 3 targets would be 1.41 to 1.86 which is 90 to 150% from where we are now. :)
MLong
by Luckyjimbob111
🪙Gold: triangle in wave X●● Preferred count ● XAUUSD (OANDA) , 🕐TF: 1D Fig.1 The wave count on the quarterly and monthly timeframes has not changed. You can refer to the previous review for clarification in determining the current market position. Here . Wave X of (3) within the diagonal Ⓒ of I will probably take the form of a contracting triangle . In the triangle, growth is expected in the form of a single zigzag ⓓ . ___________ ● XAUUSD (OANDA) , 🕐TF: 6h Fig.2 Wave ⓒ of X is at the final stage of development of zigzag (a)-(b)-(c) . The critical level of the preferred wave count is the top of the intermediate wave (2) , "invalid." level . The breakdown of this level will exclude the counting of wave X in the form of a triangle, and an alternative count will come into effect. ___________ ● XAUUSD (OANDA) , 🕐TF: 20min. Fig.3 It is expected that the wave v of (c) of ⓒ will take the form of a ending diagonal . ___________ ___________ ●● Alternative count ● XAUUSD (OANDA) ,🕐TF: 1D Fig.4 The alternative count advocates a deeper correction within wave (2) . The down wave, which originates from the August high of 2020 , can be represented by wave A as an initial expanding diagonal, followed by wave B as a double zigzag ⓦ-ⓧ-ⓨ . If this assumption turns out to be correct, then we expect a further decrease in impulse C with a target in the blue channel. ___________ ● XAUUSD (OANDA) ,🕐TF: 6h Fig.5 Before opening a short position, it is necessary to wait for the completion of the upward correction in (ii) of ((iii)) . Perspective trading setap — on breakdown of top b of (ii) , in case the wave (ii) will take the form of a single zigzag or flat. ___________ Disclaimer: — The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
OANDA:XAUUSDLong
by TradeWaves-EWA
4
BTC bottom in or more blood?BTC looks like it hit a bottom after LFG cleared out its $BTC reserves to defend its stability. The momentum indicator if continues to curl up may produce a bullish momentum div, not yet confirmed. BBWP reading about to top out, no confirmation yet either upon crossover of its MA. EWT corrective target hit ~$30.7k from 1.272 fibs measured from late Jan. bottom to late March top. Not to mention we've hit the bottom of a fork There are risk factors of this idea not playing such as: BTC continues to correlate with trades/sp500 and drops alongside it as QT continues, and interest rates get risen from the fed. BTC has not retested the 200W MA Cyber security risks w/ regard to complete shutdown of power grids mining BTC and hosting/running many DeFi/L1/L2 services, with nations like RU/CN engaging in non-kinetic warfare. We've already seen RU disconnect intercontinental cables in the Atlantic. As the EU holds out on gas during winter, we could see more desperate measures/retaliation through new avenues in 5th Gen. warfare . Shanghai lockdown fails to prevent the spread of bird flu , potentially inducing another global lockdown If the trade does get stopped out, the next areas of interest for entry would be 23k if we close under $29.2k on the daily, invalidating bull impulsive Elliott wave since late June. The on-chain bottom is ~$27k, and 200W MA is ~$21K, both are also entries in the event of an invalidation. Trade: Entry:$30.7k SL: $26.6K TP: Hull MA ~$36k, ABC PoC ~$39k
BITFINEX:BTCUSDLong
by linebands
BTC/USDT Elliott Wave count Bitcoin finished 4th wave up with a complex correction and now finished 1st subwave from the 5th wave to the downside. I am expecting to finish 2nd subwave somewhere between 30400-30800 where it must be heavily rejected to start the 3rd subwave. Targets for the 5th wave impluse move to the downside remains 21000 -23000 until we have a finished 2nd subwave. I will update Bitcoin count at least twice per week so subscibe to watch my future counts. If you like my analysis please give it a like. Thanks
COINBASE:BTCUSDShort
by Cross10XSignals
1
EURUSD is turning bullish on hawkish ECB commentsWe are now finally seeing a reversal on stocks into risk-on mode as USD trades lower. China is also looking to stimulate its economy to fight the recent economic issues because of Covid. EURUSD is turning up and looks like there will be more upside coming on hawkish ECB comments. ECB's de Cos just mentioned that the APP will end at the start of Q3, and that hike will be shortly after. They are also very optimistic about the inflation that will gradually slow down towards the 2% goal. From an Elliott wave perspective, we see nice five waves up so more gains can follow after a three wave retracement. So if you want to look for longs, waiting on a pullback may not be a bad idea.
by ew-forecast
BTC in accumulation from 4/2021. Long-term bullish triangle!Today I want to present my main scenario. As long as 37400 holds I give this scenario the highest probabillity. I have identified an expanded triangle in the WB of the triagnle. Foundation for this scenario is WB which made HH and WC which has corrective nature and was unable to make LL thus it made HL. Now we are moving up in WD which is a complex correction with heavily overlapping structure. It is however still making HHs and HLs. As long this is the case we should be bullish. We have already seen some bullish indications such as D engulfing and swept liquidity below 39k. The probabillity of this scenario increases if we manage to get the confirmations labelled on the chart. If this scenario is correct we should finished the triagnle by summer and ultimately move to ATHs towards the end of the year (and perhaps reached the mythic 100k). We are forming our gameplan based on the indentified patterns which give us higher probabillity (they have been proven statistically significant) which in the long run should give us an edge (alfa = overperformance) in the markets. However, we should also be prepared for the alternative scenarios with lower probabillity so that we dont suffer large losses or get wiped out, even if it means limiting our profits and cutting losses when we are proven wrong. As TWC says, the only thing you can control in the markets is how much are you going to lose.
FTX:BTCPERPLong
by Tradern53
2
EURNZD Trade Idea - Elliott WaveLet’s discuss the price chart of the EURNZD currency pair based on the 120 minute timeframe. From the Elliott Wave perspective, the price action is moving in a corrective channel within Wave (iv). It is approaching a critical Fibonacci retracement level of .618 which should act as resistance. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 1st (red vertical line), and is projected to form a bottom on April 25th. Based on this, we can expect prices to break below the corrective channel and head lower from there. Beyond that the low of Wave (iii) will act as an important support level, however, this leg down which would be wave (v) should ultimately break below this level. If you find this analysis useful, make sure to press the “Like” button and comment.
Short
by ForexTrainingGroup