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Elliottwaveforecasts

SILVER - Bullish Wave 3 soonAccording to Elliott Wave Theory, Silver (XAG/USD) might have completed its Wave 2 retracement. Here we can break down its recent descent since the beginning of February 2021 into visible Leading & Ending Diagonals. One concern is that thus far, it has only retraced to 0.382 Fibonacci Retracement. It could definitely go down further for corrective combinations (W-X-Y / X-Z) - however that is still entirely a speculation. What is visible now is that - we have likely completed an A-B-C (Wave 2) and if no corrective combination is in play, we could potentially go up very impulsively as Wave 3.
OANDA:XAGUSDLong
by TranscendentTrades
💨Cross Rate 𝙂𝘽𝙋 / 𝙅𝙋𝙔 - Grand Triangle 🌊●●● 𝙂𝘽𝙋/𝙅𝙋𝙔 — 𝙀𝙒𝘼 ●● 𝙈𝙞𝙣𝙚 𝙨𝙘𝙚𝙣𝙖𝙧𝙞𝙤 ● GBPJPY (FXCM): 🕐1W Globally, the GBP / JPY cross rate is in a downtrend. The Yen is strengthening on all fronts as part of the senior correction of the fourth wave of the "Grand Supercycle" degree, presumably, unfolding a double zigzag with a triangle (x) . The final of wave ((X)) of d is close. Further, a decline is expected by wave ((Y)) , which should take the form of a single zigzag , the critical level for which is the bottom of the subwave b of the large triangle (x) . ● GBPJPY (FXCM): 🕐1D Counting waves on a daily interval is exotic, suggests considering wave ((X)) in the form of a rare combination of the SZ-X-FL type. This calculation was chosen as a compromise between the rules and the "right look" . ● GBPJPY (FXCM): 🕐6h As you know, the wave C of the plane is always an impulse or a ending diagonal . At the current stage of growth, any of these options can be implemented, but the priority is given to the diagonal ( (i)) - ((ii)) - ((iii)) - ((iv)) - ((v)) . ●● 𝘼𝙡𝙩𝙚𝙧𝙖𝙣𝙞𝙫𝙚 𝙨𝙘𝙚𝙣𝙖𝙧𝙞𝙤 ● GBPJPY (IDC): 🕐1W An alternative wave count locally reinforces the main scenario, suggests wave ((IV)) in the form of a single zigzag , within which (c) unflolding the ending diagonal . The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
by TradeWaves-EWA
[symbol="AMC"]AMC[/symbol] has more pain ahead.Fortunately, AMC finished it's waveC last week @ $31.13 & confirmed that with a subsequent retest on Monday (07-19). There is a high-degree probability (MACD & RSI confirm) waveD is complete, as well; topping out at $46.45 which nicely aligns with the 0.618 level ($46.72). This Week: There's gonna be a fight over the $40-level options - 26K OI with 55K volume today (07-21). This is where price is going to stay thru weeks-end. Next Week: Rinse & Repeat over the $30-level options. Future Outlook: Aug4 is Earnings for AMC . I expect nothing but good news and improvements across the board. HOWEVER , we all know what happens even on GREAT news with our fav-stonks. Yep, watch for the I hate to break it to you (because I'm LTBullish), but, if I'm right (and it's starting to look that way,) AMC is going to be on discount ~$14. (I will be buying in at that price. Hmmmm, AMC210806P14 are After the $30 fight next week & Earnings Call, it's a clear drop to $14. The 0.618-level is at $13.90 and there's a STRONG Point-of-Control at $14.25. I know that sucks to hear, but that's just the way the price bounces. But, hey, $14 is a hellavu price point to gas up.
NYSE:AMC
by TranceaddicT66
18
XAUUSD, 1hr tf, buy the end of wave-4I planned a sell setup before but missed my entry. We missed the chance to enter sell and it does really go towards our target at 1816. So we will now try capitalizing the buy opportunity. I am using the same elliott wave setup. Right now we might complete the ABC correction of wave-4. Next is 1 more push up for wave-5. Our target will be around 1840-42 which is the next resistance area. Buy XAUUSD 1816 Stop loss 1811 Take profit 1841 (5R) Use only 1-2% risk Good luck
FX:XAUUSDLong
by HayatoDragonFX
1
🌽𝘾𝙤𝙧𝙣 𝙛𝙪𝙩𝙪𝙧𝙚 - we buy canned food for the New Year🚜ZC1! : 🕐 2W Most likely, wave (V) of the "Supercycle" degree unfolding the ending diagonal I-II-III-IV-V , in which the growth is in wave III . ZC1! : 🕐 1W The growth marked with ((A)) is most likely over, although one more local maximum is not excluded. Further, a rollback is expected within the wave ((B)) of III , which has the right to take the form of any corrective pattern. CORNUSD :🕐 1D When the correction forms appear, at the completion of the corrective wave ((B)) of III , I plan to take a closer look at a long position on one of the available trading instruments, as well as at companies in the agricultural sector. The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
CBOT:ZC1!
by TradeWaves-EWA
2
AUDJPY, 4hr tf, textbook example of Elliott WaveWe saw a textbook setup of Elliott wave principle. Wave-iii stop exactly at 1.618 fibonacci extension and price then retrace for wave-iv. We could see wave-iv stop retracing any time soon. As price now facing EMA-50 as resistance. We still need protective stop loss to play it safely so we will use 84.00 as our stop loss because there is where wave-i located. Sell AUDJPY 83.60 Stop loss 84.00 Take profit 81.70 (4.75R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX