Elliot wave PLTR analysis, possibly very bearish $20 PTAll notes are written on the chart. Price targets and some proportions on chart may not exactly be accurate. I'm rather new to Elliot Wave, but I think I have a lot of it down and have used it to predict a lot of trades with significant success. Yesterday on Friday January 15th I was able to predict that we'd finish exactly at 25.50 as of 10am and we did, so I hope that adds a bit of credibility! Ask any questions you'd like, or provide feedback/correct me on where I may be wrong. I'm currently looking for a mentor to take me under their wing. I only started trading in August and have come very far on my own, with no prior knowledge of the markets, nor anyone to ask questions of. Hopefully this chart helps someone, it's my first stab at publishing something. Good luck everyone!
Elliottwaveforecasts
USD/TRY (Elliott wave zigzag correction)Perfect Elliott wave zigzag(5-3-5) correction pattern on usd/try . now we can expect impulse move.
see my previous ideas on usd/try
1st idea
2nd idea
3rd idea
Trading The Behaviour with Stocks - ETSY perfect exampleIn this quick video recap we discuss using our ElliottWave Indicator suite when trading the behaviour of stocks after profit taking pullbacks. As they say, when its trending - its trending. You just need a set of tools to measure the behaviour in a simple and consistent way. ETSY is behaving very well this last 12 months and is a great example of trading the 5th wave move of an elliottwave sequence.
Why The Reaction At 30k For Bitcoin Will Be So Important Sometimes Events Happen That Create A Change of Behavior In the Market So Dramatic It Creates Panic Selling or even changes a belief... Think Covid 19 reaction and many more.
Or a market gets suppressed and manipulated like the Silver Suppressing Scandal that J.P Morgan took the slap for in 2020.
Even when not expected, its good to be prepared for the unexpected, especially if reliable technical analysis could support such an event happening.
That brings me to entertaining a bearish macro count for Bitcoin that I've created a trading plan for if it so chooses to unfold.
Many traders right now in the bitcoin/crypto space are most likely not using stop losses with the tunnel visioned expectation that the moon is the next target, so.. at what price levels would individuals that buy at 20k, 22k, 25k, and even 30k start to dump their losses.
At what level would you start to believe that 5k is possible.
As traders we should all have levels of invalidation for our trade setups and if you don't it's likely your emotions will make that decision for you.
So, in recognition of "expecting the unexpected" here is a realistic scenario for BTC according to this analysis. It will all just depend on the reaction we see at 30k and if invalidation levels that would spark further selling are protected.
**IF YOU HAVEN"T SEEN MY BTC COUNT TO 100K CHECK IT OUT AS A RELATED IDEA BELOW**
While you're at it drop a comment and let me know what your invalidation level is if bitcoin starts to correct back too much. If you'd just sit through it then say that as well. In the crypto space I know there are some with extremely strong hands and plenty of weak ones.
To Your Succes,
Schyler
EURCAD, 4hr tf, second chance to buy if you missed itHello my friends,
Previously i shared about a buy position for EURCAD on Sunday.
It was working out great and i managed to book some profit from it before it retrace down again.
Right now price once again retracing and i am gonna buy it again.
For those who missed it, this might be your second chance to buy it.
In my opinion we could see EURCAD breakout of this channel.
Our target this time will be the 1.618 fibonacci expansion which is our wave-3 target.
Buy limit EURCAD 1.5610
Stop loss 1.5560
Take profit 1.5770 (3.2R)
RR Ratio 1 : 3.2
Use only 1-2% risk
Good luck
i love this ChartIm anticipating a correction up to The 50% marked by the blue box. cant wait to see what kind of correction plays out.
Critical Levels and Targets for Litecoin #LTC/USDWelcome everyone,
My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life.
Let's Discuss The Outlook for #LTC/USD
LTC has been moving up correctively and its difficult to see a more bullish count than just the potential gains that a corrective climbing asset can provide.
I've been noticing this among the majority of alts, and the way I interpret this is that altcoins move more in 3 waves than they do in impulses, similar to currency pairs such as EUR/USD. The other way to interpret this from an Elliott wave perspective is that we're dealing with a macro flat correction that will lead to an extensive downside leg that will surprise most investors and induce panic selling as critical levels are broke.
As such, in this chart I highlight the previous lows that I feel are important to maintaining an uptrend without drawing attention to the bears, If successful, this could give us a scenario of $160 for #litecoin.
What are your thoughts on LTC in the chart above? Does it have more upside potential? Or Do you think the critical lows will get broken?
Don't forget to follow, like and comment and I'll be doing a $500 giveaway if I can get ranked as a top #ElliottWave analyst on TradingView.
To Your Success,
Schyler
An Update!!!the one thing i love About the Elliott Wave Way of analysis is that,when wrong recounting the waves will explain where and why the trade went wrong. often after a miscount and an entry a the wrong wave,the next entry is near perfect!!!
im still bias on a Buy trade here
🚀Ethereum: the long-term setup FOR BUY is not ready yet ... ⏳●● Mine scenario
● 1D
Most likely, the primary wave ((4)) forms a Contracting Triangle , in which the growth is subwave (B) in the form of a double zigzag W-X-Y. Further, i expect decline by the subwave (C) . The targets for wave (B) of ((4)) can be the level 790 , where there is a cluster of Fibonacci levels and extensions.
● 6h
The growth from the top of the triangle ((b)) goes in a form of zigzags , which means that there is a probability of transformation of the wave ((c)) to the Ending Diagonal.
●● Alt. scenario
● 6h
As part of the local alternative, I assume that the diagonal ((c)) of Y is already completed. I think this count is less likely, but if the lower boundary of the ascending channel and the top of ((b)) — bear lvl are broken, this scenario will become the main one.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
Elliott Wave View: OIL Can Extend Lower In CorrectionShort term Elliott wave view in OIL ( $CL_F) suggests that the main cycle from April 2020 low remain bullish to the upside favoring more upside. Near-term, the rally from 01 November 2020 low unfolded as an impulse sequence where wave 3 of (1) ended at $47.88 high. While wave 4 ended at $45.88 low, wave 5 ended at $49.42 high. Thus completed wave (1) at $49.42 high. Down from there, the correction in wave (2) pullback remains in progress & expected to find buyers in a 3 or 7 swing structure.
Below from $49.42 high, the pullback seems to be unfolding as an Elliott wave zigzag structure where wave A ended at $46.25 low. While in wave B bounce OIL is doing a shorter-term flat correction where lesser degree wave ((a)) ended at $48.15 high, wave ((b)) ended at $46.16 low, and wave ((c)) remain in progress in a lesser degree 5 wave sequence. While in wave ((c)) wave (i) ended at $47.25 high. Wave (ii) ended at $46.94 low, wave (iii) ended at $48.50 high, wave (iv) ended at $47.91 low. Wave (v) is now looking for another push higher approximately towards $48.99- $49.25 area to retest the peak before ending the flat correction & starting the wave C lower while the pivot from $49.42 high stays intact. We don’t recommend selling it as the main trend remains bullish to the upside.
OIL 1 Hour Elliott Wave Chart
$50 GIVEAWAY IF YOU CAN GUESS THIS PRICE TARGETWelcome everyone,
My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life.
Alright...
So lets talk about the excitement..
Drop a comment below on your price projection for DASH/USD by 12/27/20
The trader closest will get rewarded the $50 giveaway!
Don't forget to check out the SUSHI count that highlights one of the most profitable assets of 2021.
EURCHF, 4hr tf, buy after completion of wave-4Hello my friends,
Another setup coming to you.
I've already posted NZDCHF, NZDJPY, XAUUSD, and CADCHF.
The last trading plan for next week is EURCHF.
I am using 4hr time frame for this analysis.
As you can see the recent upwards movement could be labeled with Elliott Waves count and i think we're pretty much done with Wave-3.
This is now a corrective wave which gonna be Wave-4.
I think we could see Wave-4 correction end at 1.0810 area which is the 50% fibonacci of Wave-3.
I am gonna set a buy limit around that area.
For our protective stop loss it will be at 1.0785 slightly below 4hr support level.
I am not using Wave-1 end point as stop loss because in case the Elliott Wave count fails, we have a backup plan of that support level.
Buy EURCHF 1.0810
Stop loss 1.0785
Take profit 1.0870 (2.4R)
RR Ratio 1 : 2.4
Use only 1-2% risk
Good luck
🚀Will Bitcoin survive the fourth wave of the supercycle?🌠●● Mine scenario
● 1W
On the left is a variant of count of the SP500 index, in which the wave ((5)) of V forms a diagonal. On the right is a variant of count of BTCUSD , which assumes a sideways correction by the wave ((4)) , as part of the final wave V of (III) .
● 1D
Probably, wave (B) of ((4)) is forming a single zigzag (double), followed by a decline in wave (C) . The critical level for wave (B) of ((4)) is 36900 , if it is broken, then wave (B)> 200% of wave (A) , which is unacceptable in triangles and, most likely, in flats.
● 4h
Count of the wave structure in the 4h interval. The first targets for wave iii of (v) are located at the level of 24470 , at which point wave iii will equal 1.618 of wave i .
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
XAUUSD - Elliott Wave Forecast - Q4 updateHello all,
It's pretty clear that we have a zig zag correction playing out here. Waves 'a' and 'b' have already been put in.
This leaves us with the final wave 'c'. There is a strong possibility that it is already complete and the low has already been put in (please see linked idea below from Nov 22). A breakout to the upside will take price to the 1910-1920 level.
However, there is also the possibility that wave 'c' will extend further with a potential lesser degree leading diagonal in play. This could bring XAUUSD to a lower level around 1670-1720.
Simply staying aware of where price could likely be heading to. Awareness is key.
Follow for further updates, your 'likes' are much appreciated and your comments most welcomed.
Trade safe and always remember to plan your trade and trade your plan!
Beyond Edge
Disclaimer
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided. Trust your own analysis.
Beyond Edge
EURGBP, 4hr tf, buy wave-3 extension towards 0.9280Hello my friends,
Another trading plan for next week is EURGBP.
After price breaking above the descending trendline, this pair has gone up aggresively and i think there is still more to it.
Right now price retracing a little bit after going up for around 240 pips from 0.8980 to 0.9230.
This retracement is only a healthy correction as long as price hold above 0.9080-0.9060.
We could see further weakness if price failed to hold above that 0.9080-60 area.
I tried to break down this recent upwards movement with Elliott Wave theory and price currently retracing for wave-iv after completing wave-iii.
If we look from daily timeframe, price also closed above 0.9150 which served as resistance.
Hence, taking a buy position on a correction towards 0.9100-0.9090 looks promising.
Buy EURGBP 0.9100
Stop loss 0.9060
Take profit 0.9280 (4.5R)
RR Ratio 1 : 4.5
Use only 1-2% risk
Good luck
GBPJPY, 4hr tf, sell the retest of HnS pattern necklineHello my friends,
I hope you all enjoy your weekend.
I would like to share my trading plans for next week and i hope you gonna enjoy my plan.
If you find it useful, don't forget to give it a thumb up and follow me for my next update.
As you can see there is a clear Head and Shoulders pattern on GBPJPY,
Price broken below the neckline with a strong bearish candle validating our breakout.
I haven't enter this trade yet because i wanna see price to retest the broken neckline first.
If we count the measured objective of this HnS pattern, it should be targeting 136.00 - 135.90 which is around 240 pips from the neckline.
I also tried to breakdown the GBPJPY recent movement with Elliott waves theory and i found there is a chane we could see come retracement towards 138.30-50 area as we're now on Wave-iv correction.
We could see Wave-iv as an ABC correction so preapare to sell it after the end of wave-c.
It will be more convincing if there is a momentum divergence as well on it's way to the upside.
Also pay attention that 138,30-50 area gonna be an area of confuences resistance because there is horizontal resistance level and dynamic EMA-resistence.
Sell GBPJPY arond 138.30-50
Stop loss 138.85
Take profit 136.00 (7R)
RR ratio 1 : 7
Use only 1-2% risk
Good luck
MUST SEE! LINK/USD To This Price!?! Here's How...Welcome everyone,
My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life. It's 100% possible!
Let's Talk LINK/USD
So this baby is staring at a dark scenario to $6, however depending on what side of it you are on that could be very profitable as well.
If you follow my style of trading and system I'm very big on acknowledging both counts to the market so we can be prepared for either scenario.
But we also have to pick a side, so we have had a short setup on LINK since 13.10, which is standing up about 10% at time of writing.
So the bearish invalidation is going to be surpassing previous high at 14.88. Until then downside potential seems strong.
Let's also talk about the upside potential. If downside count is invalidated at 14.88 basically, then that's where we should also know where the upside potential lies. It's hard to deny that LINK's current climb in the ascending channel has been corrective, it had the opportunity and dropped the ball, so if we're going to move higher it will have to be as a complex structure and we should likely look for a 1:1 extension in the green count that takes us to 25.74. In this case it'd have to be a running flat at most and then take us higher.
Multiple ways to trade the intraday on this as it plays out in either direction. Follow along to keep updated with the count and for more info check out my signature tag below.
To your success,
Schyler
XAUUSD, 4hr tf, sell ascending trendline breakHello my friends,
Today we gonna set a pending order for XAUUSD as well.
As you can see, price recently rally for 1100 pips from 1764 to 1874 in just 1 week.
I think we could see some retracement as well before price continue to soars in XAUUSD.
Recently price retrace from 1874 to 1825 which is 490 pips movement. I think there will be another move to the downside because the retracement is only around 38% fibonacci.
If we assume the recent movement as an impulsive Wave-1, then this retracement will be Wave-2 and it will consist of ABC correction.
We are on the process of Wave-B to the upside and i think we could see it goes up towards 1850-1856 area.
There is a resistance at 1850-1856 area which will be a nice place to start selling XAUUSD.
I will set a pending sell limit order to try catching it.
If price continue to drop without touching my pending order then i will skip this trade and wait for next opportunity.
Sell limit XAUUSD 1856
Stop loss 1866
Take profit 1806 (5R)
RR Ratio 1 : 5
Use only 1-2% risk
Good luck
