Elliottwaveideas
Elliott Wave AnalysisAs you can see the wave 2 just got completed, what do you guys think the next move? For me it will go to the moon the market is still bullish but the price action is bearish. Lets wait for confirmation to go long. Always use risk management when trading, do not fomo, do not be greedy and happy Trading everyone
EURGBP Trade Idea - Elliott WaveLet’s discuss the price chart of the EURGBP currency pair based on the 480 minute timeframe.
From the Elliott Wave perspective, the price action has recently completed an ending diagonal triangle formation. The price is trading within Wave 3 (circle). The most recent retracement is approaching a 78% Fibonnaci level.
From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, bottomed on April 1 (1st vertical line), and is projected to form a top on April 29 (2nd vertical line).
Based on this, we can expect prices to find support at or near the current level and start trading higher towards the 0.8599 level which is the next major resistance area.
If you find this analysis useful, make sure to press the “Like” button and comment.
THE BIG PUMP IS COMING!As you can see we are coming to WAVE 2 at 42000 - 41000 ( 1Day Timeframe) base on my Elliott wave analysis. Once its completed dont buy long immediately, always wait for a choch "Change of Character" inside of little timeframe ( 5mins to 30mins ).
This is just my analysis, always trade at your own risk.
Very Short Term opportunity on ETH using Elliott WavesBYBIT:ETHUSDT
This is on a 15 minute time scale. The pullback that we have seen over the last day or so seems to be getting over. What we are seeing is an advance that might unfold in 5 waves as labelled on this chart. This should be followed by a decline in 3 waves (ABC). In case that happens and the price starts to move up explosively, I will look at entering a long trade at the top of wave 5, which might happen around the 3308 level, and a stop loss at the bottom of wave C of 2. The RSI also indicates a bullish divergence which is favouring the end of the recent pullback.
ABC Flat, wave 4 macro finished?I'm still having this possible scenario. The bullish structure of the new impulse upwards from January 24th is only valid if we don't go below these levels we are now. Losing them will send us at least to those low levels again to finish the 5th wave down of the ABC the correction.
GBPAUD: bearish outlookHello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it!
GBPAUD :
the price reached a Wave 5 and reacted well to the PRZ of wave 5. At the same time, this PRZ for W5 coincides with a strong resistant zone.
I show the daily chart below.
You can place a sell stop order below today's low or wait for a pullback at 4H time frame to short.
BITCOIN Range Trading - I do not trust the latest pump++++++++++++++++++++++++ no financial advice ++++++++++++++++++++++++
I reproduce my thought processes in detail in the video.
Summary: Still ranging!
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Have fun
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JD is still strong for longI’ve been watching this company for a long time, and even have long position at the price of 65.6.
JD.com made clear impulse up by Feb 2021 after which it began to decline.
At the moment, the entire decline after ATH I can count as zigzag ABC, where B is triangle. From level 61.65 (+ reaction from 50% Fibo level) the price formed leading diagonal plus ABC correction. After that, the price bounced again and met resistance in the middle of the channel formed by the previous waves.
BTW, what is interesting - JD didn’t show us a fairly strong decline while NASDAQ index corrected well down.
So, for now I have 2 scenarios:
1. At the main scenario, I think that the price has formed wave 1 of (3) and expect further upward movement from the channel and extension of the waves.
2. But I also consider an alt. scenario in which wave (2) isn’t completed yet and price want to form wave X (as ZZ) of a double zigzag WXY. In fact, it confuses me that wave (2) ended so quickly and perhaps the price will meet good resistance at the border of the channel. I’ll watch the volumes and further price action near resistance zone (92.6 - 94.5).
AMZN Paths to 4K. The Three What IfsAMZN has been stuck in this choppy price action for quite sometime now, and I know we are all looking forward to that pop to $4000. Let me guide your eyes as I show you my perspective in three different scenarios which are color-coded in green, white, and red. Anything is possible with the market, so keep an open mind. This is just for education purpose only. You are responsible for whatever action you take based on this.
GBPJPY SHORT THE LAST LEG***************************************************************************************************************************************************************************************************************************************************************************************
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This Trade was planned over a year ago. GBPJPY will possibly make a final drop to complete the last leg of a triangle formation very visible on the monthly time frame. Entered on the Daily with stop at $152.20. Lets see how this plays out. Please do your own research and DO NOT take this as a financial advise.
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DIDI expect in corrective wave W-X-YAccording to elliott wave analysis, pricing is heading to complete 1-2-3-4-5 which impulse wave C.
GBP/NZD ShortWe expect this to be the trade of the week as well as NZD/CAD. Our fundamental bias on this pair is tilted to the upside. we expect NZD strength due to the interest rate hike circle they are on. Market is expecting the RBNZ to raise rates tomorrow and our bias is negative for GBP since we expect the BOE to disappoint the market and leave rates unchanged.
NZD/CHF long positionThe RBNZ on their last meeting started the tapering program so that a bullish move for the NZD hence after tapering its rates hike. on the bigger structure the market is completing a WXY patterns that's in the same direction as the fundamental outlook. Note any correction will offer short term buys and any positive developments in the economic data should fuel the support for the NZD and put pressure on CHF