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Elliottwaveideas

BITCOIN in a WXYXZ....BIG LONG INCOMINGGreetings traders! Today we are analysing the bitcoin, where we can see (contrary to the overall trend) I can feel like we can be BULLISH on the BTC because we are entering the Z Wave of the WXYXZ. The objectives are correct, and for me, I wouldn't see big crash incoming...YET As you can tell: The first X wave retraced the 85,4% of the W. The Y wave extended to 100% of the W and X. The second X wave retraced the 76,4% of the Y. We are now in the Z, and therefore, my strongest objectives would be the 100% and 123%. (maybe if really bullish we will go to 161%) Hence: The 100% is at 50300, which is also the 50% of retracement for the downtrend from the end October The 123% is at 53300, which is also near the 61,8% of retracement for the downtrend from the end October
COINBASE:BTCUSDLong
by ModTrades
6
TCC-W4 | Wave Analysis | Bullish Divergence TradingPrice action and chart pattern trading setup: > An ending diagonal pattern with stochastic bullish divergence - possible rebound for wave 4 > Target SMA50 zone near upper elliott wave channel resistance - 0.382 retracement of wave 3 > Stoploss @ wave 3 lower channel support with RRR: 1.5:1 Indicator: > Stochatic RSI bullish divergence signal > MACD crossover signal line below center > RSI slightly bullish divergence Always trade with affordable risk and respect your stoploss
T
by dukeposh
Bitcoin - What if I told you something like this is possible?There is an expanding symmetrical triangle (megaphone pattern) in Elliott Wave Theory. I'm not saying this is definitely happening, but if we see an impulsive reversal after dropping a bit lower, below wave ((a)) support, then it becomes a possibility. This is the same fourth wave pattern we saw in the Dow where the March 2020 drop was wave E of the triangle. It's always good to know and understand the possibilities. As I have mentioned numerous times before, it's also possible that wave 5 ended at the ATH. It's also possible that the ATH is only wave 3 and the current three wave pullback is wave 4. This is just one possible pattern that could play out. There are often multiple possibilities when price prints a range.
BNC:BLX
by Chris_Inks
9
NASDAQ in the C wave as expectedHello trader! As you can see, the NAS100 keeps dropping exactly like what we analysed on 19th March. Thanks to the Elliott Waves, we are now in the C of the ABC correction. We are therefore in the C of the C. We will then see another red week to go to reach the different objectives. First objective: 12250/12173 Second objective (strongest) : 11720/11600. This one is the strongest because we will reach the 50% of the retracement of the 2 years of COVID, and also the 123% of extension
NShort
by ModTrades
USDJPY Trade Idea - Elliott WaveLet’s discuss the price chart of the USDJPY currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, the price action appears to have completed Wave (5). The parallel channel also confirms this analysis. Additionally, most momentum oscillators are forming a bearish divergence pattern, which is typical at the end of fifth waves. Essentially the upside momentum is waning, and a downward correction is imminent. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 1 (1st vertical line), and is projected to form a bottom on May 6 (2nd vertical line). Based on this, we can expect prices to move lower from here. The actual sell confirmation would occur upon the breakout and close below the lower parallel channel. A Fibonacci retracement of 50% of the entire bullish impulse would be a likely support area. If you find this analysis useful, make sure to press the “Like” button and Follow us.
Short
by ForexTrainingGroup
1
GBPAUD Trade Idea - Elliott WaveLet’s discuss the price chart of the GBPAUD currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, the price has completed the 5 wave impulse sequence down on April 5. From that point, we have been trading higher in a corrective formation which appears to be carving out a W, X, Y pattern. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, bottomed on April 3 (green vertical line), and is projected to form a top on June 17. Based on this, we can expect prices to move higher after the minor X (circle) is complete, which should be within the next few days or so at the latest. The price should continue until it reaches a distance equivalent to that traveled in wave W (circle). If you find this analysis useful, make sure to press the “Like” button and Follow us.
Long
by ForexTrainingGroup
2
GOLD - EW main count !! LongHello trader, good mood and profitable deals! 💲 GOLD 2 hour chart EW - Analysis This is my Elliot Wave main count!! EMA 10 - 13 - 20 and EMA50 in red are also geared towards EW. EMA50 serves as a strong support. This should hold otherwise we should prepare for a stronger bullback or trend change! I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas!
GLong
by TR7z
2