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Elliottwaveforecasts

GBPUSD, 4hr tf, wave-5 to the upsideTrade ideas for GBPUSD by Hardi We could see further upside in GBPUSD. Price moving in sideways direction for the last 3 weeks. I think we will have explosive movement soon. We also currently completing WXY correction and might continue to go upwards completing wave-5. Wave-4 complete exactly at ascending trendline support. Notice that FOMC is just around the corner so minimize your risk as low as possible. Buy GBPUSD 1.4120 Stop loss 1.4060 Take profit 1.4300 (3R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
The Bull Run Rises: The Bitcoin Boom has just begun.The Bitcoin Baby Bear is dead. The Bull got pissed off and killed it. All kidding aside, I've seen a TON of bearish posts about Bitcoin. I think they all forgot that Bitcoin tends to correct like this, during a bull run. I know, I know, we closed below the 21-week MA, but relax. The Bitcoin Boom has just begun. I'll stop just short of me saying that everyone is wrong, and I'm right. Because to throw out the possibility that a bear market has begun is silly, because I am biased. That being said, I believe I have a TON of confluent reasons to support my case. So give it a read, and let me know what you think. I'll provide updates as we go. Stay tuned...
Long
by johnmslee
9
Tesla Elliot Wave In Depth AnalysisHello Everyone! I hope you all are having a good day. this is my TSLA Elliot Wave analysis. I see prices reaching 450 levels or so to finish the final wave 5 down. NOTE: however, the Wave C prices did reach the .618 level of Wave A, indicating that it can reverse from that level (low of 546). I drew a downtrend line and I believe we will still be in the downtrend until we break that line, indicating a new bullish run up is in the making. I suggest everyone get in at the bottom of wave C, as Tesla will surely pass the ATH at 900 in the future. Currently, we are in a wave 4 of 5 in my opinion, and will see prices print at around 650 or so before resuming the downtrend. I have labeled key areas in the chart. I would wait to see what happens next week and wait to see if prices can reach the 650 target (0.5 retracement)
NASDAQ:TSLAShort
by damanJ819
9
🥈Silver (XAGUSD) / The negative social mood is running out🌊●● Mine scenario ● Gold vs. Silver: 🕐1M "Pic.1" I think it will be useful to have a rough idea in what form gold and silver can correlate within the senior degree. Moreover, such an approach allows us to significantly narrow down the range of possible options for an alternative count. Review on Gold "here" . ● XAGUSD (SAXO) 🕐 1W "Pic.2" Growth from the bottom wave II of (V) goes in zigzags, presumably, forming the leading diagonal of the primary wave ((A)) . Further, a prolonged correction ((B)) is expected in the form of any corrective wave. 🕐 1D "Pic.3" "Pic.4" In "Pic.4" there is a locally alternative wave count, within which a deeper correction is expected by the wave (2) . This scenario cannot be supported by the count of a lower wave degree, and the expectations for the XAUUSD pair are against. 🕐 4h "Pic.5" The most probable area of ​​completion of growth by wave (3) of ((A)) is a cluster of Fibo extensions, namely: level 33.249 , upon reaching which wave (3) will reach 61.8% of wavelength (1) , further, level 33.588 , where W = 161.8% Y wave. ●● Alternative Scenario ● Gold vs. Silver: 🕐1M "Pic.6" As an alternative count, I consider a wider triangle in wave (IV) . ● XAGUSD (OANDA):🕐1W "Pic.7" Wave ((B)) forms an expanded flat with a diagonal in the subwave (C) .Provided that the model is completed, we will exit from a long position, further we act according to the situation. The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
FX_IDC:XAGUSDG
by TradeWaves-EWA
Elliott Wave Analysis by Wave FX: GBPUSD Short $1.3400 Long termHi Traders, here is my analysis on GBPUSD. My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action. Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the bears to control the market.) INVALIDATION (This means my analysis is incorrect and I need to revisit the drawing board) Setup Invalid (market still developing or correcting) 12345 ( Elliott 5 wave impulse cycle ABC (simple market corrections) WXY (Complex correction, 2 basic correction) WXYXZ (Complex correction; 2 or more simple or basic correction) Types of Correctional wave and their internal structure count: A-B-C Flat Correction (3-3-5) Irregular correction (3-3-5) ZigZag correction (5-3-5) a-b-c-d-e Triangles (3-3-3-3-3) I hope you find my analysis helpful. Please make sure that you are following your own strategy when placing trades. Your comment and feedback are appreciated.
Short
by wavefxacademy
2
EURCAD, daily tf, elliott wave forecast of wave-IV and wave-VAs you can see price completed wave-III with the all 5 sub waves. I assume wave-III is completed because waves-5 stopped exactly at 127.2 fibonacci of wave-4. Notice also it hit the support of this downward channel and bounce back up. For now, i think we could see upwards movement to complete wave-IV before another leg to the downside. Buy EURCAD 1.4630-40 Stop loss 1.4530 Take profit 1.5130 (5R) Use only 1-2% risk Good luck After we complete the upwards movement we will then sell again this pair. The target for this pair sell positions is not determined yet because it will be depend on this wave-IV correction length. For now we will assume that wave-IV can retrace towards 50% fibonacci level. As for our stop loss it will be at wave-I area. We will update when we start selling this pair.
Long
by HayatoDragonFX
IRIS finishing primary correction soon, turning back to impulse?Hi. In this 1D chart I've done a retracement of intermediate Elliott waves and charted the primary waves. I've concluded that a primary correction wave is about to finish. Symbol NASDAQ:SCWX has a similar sector, product and an almost equal Enterprise Value. It's current price is 13.22 $ or 110 SEK. I value $IRIS at around the same price. Thank you. Please if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods. This does not constitute financial advice. Any prices, even if explicitly stated, are presented with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
OMXSTO:IRISLong
by Kabeldon
GBPUSD, 4hr tf, wave-3 to the downside As long as price hold below 1.3980 we could expect price to continue going down. Price holding below the descending trendline for now so will try to forecast the movement with elliott wave theory. We're now on the process of wave-3 and this wave will consist of 5 subwaves. This wave-3 could go down towards 1.3660-1.3600. But in order to reach that, price need to closed below 1.3800. It is more convincing if it was daily candle closing below 1.3800. Sell GBPUSD 1.3920 Stop loss 1.3980 (60 pips) Take profit 1.3660 (260 pips) RR ratio 1 : 4.3 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
Plan for GOLD Here is my analysis of Gold. After completing 5 waves and A B Correction phase, gold making an upside impulse from 1676 until yesterday high 1799. So far gold can not break the psychology level 1800 area. And yesterday after reaching 1799 gold falling hard to the 1770 area and making a double top pattern in timeframe 4H which indicates to me that the impulse upside movement is done. With that said, I believe gold now starting to make the wave retracement. This analysis will be invalid if gold breaks above the 1800 area. Disclaimer: This is my personal trading setup!! Please use this only for comparison with your own. Cheers
OANDA:XAUUSDShort
by ArceeBlade
2
GBPAUD, 4hr tf, HnS pattern after break below trendlineIHello my friends, GBPAUD just break below the trendline which supported it for the last 3 months since January 2021. Price right now retesting it as resistance and there is also descending trendline which will now become the resistance for this pair. It looks like price making a Head and shoulders pattern and the measured objective of this pattern is around 440 pips counting from the top of the head to the neckline. Price already broken below the trendline and i think this upwards movement is only a retracement to test the resistance. We might see price continue going south in the coming days. Sell GBPAUD 1.7940 Stop loss 1.8020 (80 pips) Take profit 1 at 1.7600 (340 pips) Take profit 2 at 1.7440 (500 pips) RR Ratio 1 : 6.25 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
1