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Elliottwaveideas

USDCAD Long: Excellent Buying Opportunity To Take Now!USDCAD is giving us an awesome entry to go long. The trigger for this trade is an ending diagonal pattern (the wedge shape between the dotted lines). Why do we like this setup do much? A diagonal pattern is a sign of exhaustion. The choppy, shallow-sloped, overlapping price action is an excellent sign that price is weakening, and is due for a change in trend. Clear momentum divergences on the MACD and RSI support this idea as well. On top of this, the pattern comes at the very end of another pattern we love to see: an expanded flat (as outlined by the (A)(B)(C) labels). This gives even more confluence to our idea, as a flat pattern is one of the core corrective patterns we trade here at Parallax. Exactly how you enter is up to you. You can enter now, or wait for the highs around 1.2950 to be breached first. Regardless, the invalidation level for this trade is 1.2766; price must not move past that level for this wave count to remain valid. This trade setup was created using the rules and guidelines of the Elliott Wave principle. We love the Wave Principle: it's our #1 choice when it comes to forecasting and technical analysis. We strongly believe that no other trading system gives you the same level of confidence when trading. The wave principle provides a rules-based approach for trade entry and exit, as well as active position management. At Parallax, we focus on wave analysis and 1-on-1 education to build a foundation of skills that give our clients the edge. We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates.
Long
by ImreSG
2
Now bitcoin is in corrective movements.Now bitcoin is in corrective movements. According to Elliott, it is in the dominant zigzag pattern. Any growth in this pattern is an exit opportunity and somehow a rest for further decline. After completing 5 waves of wave C There are two predictable scenarios First, the continuation of the correction. In this case, this coin will grow during three main waves, and after that, it will fall sharply during 5 waves. The second scenario is the end of the correction after the completion of wave 3, and after that this coin can climb up to the level of $80,000 based on the Fibonacci target . BINANCE:BTCUSDT
by aligheysari73
NZDCHF: Price has started unfolding final wave (Y)Key levels: 0.6520 Price is forming a corrective descending channel for 13 months. Currently, the price is facing resistance at the upper band of the parallel channel. As per Elliott wave projection, NZDCHF is forming corrective structures (W), (X) & (Y) . Price has completed the intermediate wave (x) and started falling for the final wave (Y). Traders can short for the following targets: 0.6362 - 0.6274 - 0.6124- 0.6052. Invalidation: Breakout of wave (X)
by forextidings
2
BTC going zig zag in an ascending channel ATM.Await confirmationOn the 2h timeframe BTC seems to be stuck in an ascending triangle on 2H TimeFrame If this is confirmed then we can as well embrace for a breakout after 22.4k. This will open up a small spring for BTC MACD indicates the ending of a selloff Bollinger Bands median is low within the Bollinger Bands range RSI trend reversal with room for growth Resistance is small in terms of orders placed Accumulation ongoing USE STOP LOSS if you enter now, no firmation yet. We got 3 white soldiers but we still need the support at 20k
Long
by Let-s_see