AUDUSD 4H
AUD/USD made nice 5-wave structure, which can be labelled as wave 1
New higher high has been made
Currently in complex correction
Waiting for impulsive end of correction around horizontal support
Support lines up with 50% Fibonacci retracement
Wait for 1h/4H price action signal to enter the market
Elliottwaveideas
Analysis of Recent Winning 5th Wave Trade on GNRCOn October 15th 2019 we posted a trade idea on our TradingView Profile >>>HERE<<< for a potential 5th wave long swing trading opportunity on GNRC.
This video explains the subsequent bullish move to hit our original 5th wave target and then a further 5th wave swing trading opportunity. This is a great example of our Elliott Wave Indicator suite in action during strong trending moves on Stocks, but is also as effective on Forex,Futures, Commodities and crypto currencies.
AWK Earnings Play Long 5th Wave Swing Trading OpportunityAWK reported earnings after the markets 30 Oct and had beat on EPS, which could be the catalyst for a Bullish move 31 October as conference call is due before the US markets open. We have used our Elliott Wave Indicator Suite for the TradingView platform to carry out this analysis.
Earnings plays are notoriously difficult swing trading opportunities so we like the back up of technical analysis before entering a trade. Using our Elliott Wave Indicator Suite we can see the wave 4 has pulled back into our green probability pull zone, which represents an 85% probability of our automated 5th wave target zone (blue zone on chart) being hit. Our criteria for our Elliott Wave Oscillator and special False Breakout Stochastic indicators have also been met.
So if we get an expected Bullish reaction to earnings today we will look for a conservative entry above the recent pivot at $126.02 with the Stop loss at $118.57, just below the wave 4 pivot. This gives a 1:1 Risk to Reward to our 5th Wave Target zone with an initial target price of $134.
Learn more bout our Elliott Wave Indicator Suite for TradingView >>HERE<<
Earnings Play for TERP - Potential Long 5th WaveTERP has earnings before the markets open, Friday 1st November. This is an earnings play combined with a potential elliott wave setup. We are using our Elliott Wave Indicator suite for TradingView to setup this potential Long Swing Trading opportunity.
The wave 4 has found support in our probability pullback zones. The rules for our False breakout Stochastic and Elliott Wave Oscillator have also been met. The risk to reward is great into our automated 5th wave target zone, in blue on the chart, with entry for this potential long 5th wave move at 17.24. The stop is just below the wave 4 pivot.
This is an earnings play and we dont want to enter this before Friday 1st November. So we are waiting for a positive earnings reaction pre market on Friday and entry long through 17.24.
Learn more about our Elliott Wave Indicator Suite for Trading View >>HERE<<
KR Potential Long 5th Wave Swing Trading OpportunityUsing our Elliott Wave Indicator Suite for the TradingView platform we have identified a potential Long Swing Trading opportunity for KR on the Daily timeframe.
Wave 4 pull back has found support in our Amber pullback zone, which represent an 80% probability of our automated 5th wave target zone at $27.75 being hit. The Stochastic has crossed in the oversold zone against false breakout dots in overbought zone and Elliott Wave Oscillator has just moved below 90%. These three combined present a high probability move for this potential long swing trading opportunity.
Entry and Stop loss on our chart...
Learn more about our Elliott Wave Indicator Suite for TradingView by watching the Video Tour >>>HERE<<<
GNRC potential Long 5th Wave MoveUsing our Elliott Wave Indicator Suite for the TradingView platform we have identified a potential Long Swing Trading opportunity for GNRC on the 1 Hr timeframe. This potential 5th wave long has to breakout today for the trade to be effective before the end of the week.
Wave 4 pull back has found support in our Amber pullback zone, which represent an 80% probability of our automated 5th wave target zone at $90 being hit. The Stochastic has crossed in the oversold zone against false breakout dots in overbought zone and Elliott Wave Oscillator has just moved below 90%. These three combined present a high probability move, but we must enter today when price moves up through $84.84.
Learn more about our Elliott Wave Indicator Suite for TradingView by watching the Video Tour >>>HERE<<<
USOIL - 5th wave short or a Wave 4 Failure for LongUsing our Elliott Wave Indicator suite for the TradingView Platform we have to potential setups for USOIL intraday.
Firstly and the mot probable is a 5th Wave Short through $53.50 with a $50 target in our automated 5th wave target zone. Alternatvely if we get a wave 4 falure up through our red zone (probability pullback zones) we will be looking for a long counter trend trade.
This is an example of using the rules within our Elliott Wave Indicator suite strategies to identify circumstances for both Trend and counter Trend Trades.
Watch the video tour of our Elliott Wave Indicator Suite for the TradingView Platform >>>>HERE<<<
EURUSD 5th Wave Long - 5 minute time frameUsing our Elliott Wave Indicator Suite for the TradingView platform we have identified this potential long day trading opportunity on EURUSD (5 min timeframe).
Wave 4 has pulled back into the amber zone of our probability pull back zones, which represent an 80% probability the price will go on an hit our Automated target zone , in blue on the chart. Our Elliott Wave Ocillator measurement is good and we have a crossover on our false breakout stochastic on the over sold zone. The yellow squares on the overbought zone denote a stong Bullish trend and when wen crossover in the opposite zone, there is a good possibility the stochastic will return to the main bullish trend for this timeframe.
Trailing stop used to manage this trade and very close as we are getting closer tot he US open.
Learn more about our Elliott Wave Indicator suite for the TradingView Platform by watch the video tour >>HERE<<
Potential Long 5th Wave move on Gold GC1!Using our Elliott Wave Indicator Suite for TradingView we have determined a high probability 5th wave Long on Gold Futures (GC1!) through 1504. Stop loss just below our Wave 4 pivot and our automated 5th wave target zone is showing a target price around 1536. This trade is good on the 1hr, 2hr and 4hr timeframes.
Watch the video tour to learn more about our Elliott Wave Indicator Suite for TradingView >>HERE<<
Potential Long Swing Trading Opportunity PSXP - Elliott Wave Using our Elliott Wave Indicator Suite for the TradingView platform we have identified a potential 5th Wave long swing trading opportunity for PSXP. We are using the Daily Tie frame for this analysis and would expect anything up t 25 Days in this stocks swing trade once through Entry.
Long Entry at $57.05 with Stop Loss below the wave 4 at $54.77 and Target of $61 in our automated target zone, which give a great Risk to Reward for this potential stock swing trading opportunity.
Our Elliott Wave Indicator suite concentrates on the behaviour of the wave 4 pull back and measures this in 3 ways. Firstly the Wave 4 has found support in the Amber zone (in our probability pullback zones) which represents an 80% probability that our automated 5th wave target zone will be hit. Next we have the Yellow dots in the over bought zone of our false break out stochastic indicator. When we get a wave 4 pullback against these yellow dots and a crossover on the oversold zone, there is a high probability the stochastic will return to that strong bullish move and into the over bought zone on the 5th wave move. And finally we measure the wave 4 pull back on our Elliott Wave Oscillator within 90/140%. In this case all of our entry requirements are met for a high probability 5th wave move.
next is entry strategy, which we teach in the accompanying training bootcamp. In this case we are going long outside of our Special 6/4 MA High (green MA) and above the whole $57 price.
To learn more about our Elliott Wave Indicator Suite for TradingView, please watch the Video Tour >>>HERE<<
Potential Long USDZAR on 240min Using our Elliott Wave Indicator suite for TradingView we have found a potential Long 5th Wave move on USDZAR, for the 240 min time frame. Looking for an entry Long Entry above 15.2000 with Stop loss just below our wave 4 on the chart attached. The Entry is conservative as our 6/4 MA High has already been broke, but we must take into consideration the recent pivot just below 15.2000 and our Elliott Wave Oscillator was broken.
The wave 4 was pretty deep, but hung on to our Red pull back zone, which represents a 75% probability that the price will go on to reach our automated 5th wave target zone at 15.5000 as shown in blue on the chart. Our parameters for Elliott wave oscillator were broken slightly, but it has crowned since. Our False Breakout Stochastic has yellow dots in the over bought zone, denoting a strong Bullish trend is present. When the stochastic pulls back against these yellow dots and crosses in the over sold zone, there is a strong probability the stochastic will return to the over bought zone.
Learn more about our Elliott Wave Indicator Suite for TradingView by watching the video tour >>HERE<<
Potential Short 5th Wave Swing Trading opportunity on ETRN Using our Elliott Wave Indicator suite for TradingView, we have setup a potential Short 5th Wave Swing Trade on ETRN (Daily Time Frame). Short Entry $13.61, below yesterdays low. Stop Loss at 14.79 above the 4th wave and our automated target zone is showing a target price around $11.50.
Our ElliottWave Indicator suite really looks into the performance and behaviour of the 4th wave to predict a high probability 5th wave move. In this potential short swing trading opportunity the wave 4 has pulled back against the main bearish trend and found resistance in our GreenPull Back Zone. this gives an 85% probability the price will go down and reach our automated target zone. Next we have the ElliottWave Oscillator pulling back and crowing within our set parameters for a wave 4 pull back. Also we have our False Breakout Stochastic that has the false breakout yellow dot on the over sold zone, which denote a strong bearish bias. When the stochastic pulls back against this strong bearish bias and crosses in the overbought zone, the there is a high probability of the stochastic returning to the oversold zone.
As you can see we have a rules based approach to trading those high probability 5th wave moves, both long and short on Stocks, forex, futures, cryptocurrency and more. Please watch the Video tour of our Elliott Wave Indicator Suite for TradingView >>HERE<<
Silver looking like its found support - Potential 5th Wave Long Using our ElliottWave Indicator Suite on Silver, on the Daily timeframe, we can see that it has found support in our wave 4 probability zones. The wave 4 behaviour is also looking good using our Elliott Wave Oscillator and False breakout Stochastic.
Now the pivot around 18.750 is an issue, so a longer term bullish trade would be taken until that is broken with a target of 20.500 within our automated target zone. Also we would look for long trades on smaller timeframes with this strong potential 5th wave bullish move in mind.
Watch the Video tour of our Elliott Wave Indicator Suite >>>HERE<<<
AUDUSD Hit our 5th Wave Target Zone after our Earlier Trade IdeaWe previously posted a trade idea using our Elliott Wave Indicator Suite on AUDUSD for potential Long 5th wave trade >>HERE<<
And it did just that!!
Great trade and using all of the indicators in our Elliott Wave Indicator Suite to setup a high probability 5th wave move
Find out more about our Elliott Wave Indicator Suite by watching the Video Tour >>>HERE<<<
EURUSD Potential 5th Wave Short on 5min timeframeAfter a nice bearish move on EURUSD our Elliott Wave Indicator Suite has labelled the Elliott Wave Count and our Probability pullback zones. The wave 4 found resistance in our Red zone, which represents a 75% probability that this Forex pair will go onto to hit our Automated 5th Wave target zone. Included in the indicator suite are also, our special Elliott Wave Oscillator which came close to breaking the rules and if indeed the oscillator breaks the 140% line then the trade is invalid. We also have our Special False Breakout Stochastic which helps identify strong trends in either direction. The when the wave 4 pulls back against that trend and crosses in the opposing over bought/sold zone then the probability it wants to return to strong trend is high.
Watch the video tour of our Elliott Wave Indicator Suite for TradingView >>HERE<<<
Potential long 5th Wave Move - ETH 15 minGood looking potential Long 5th Wave move on ETHUSD using our Elliott Wave Indicator Suite and its tools. Wave 4 found good support in our Green Pullback zone, denoting 85% probability of out 5th wave automated target zone, in Blue, being hit. Elliott Wave Oscillator and our False Breakout Stochastic backing this up. Entry 182.05 with Stop Loss just below wave 4 pivot and that Target zone around 188. Obviously is the stop is broken for the order, then cancel the order
Find out more about our Elliott Wave Indicator Suite for TradingView >>>HERE<<<