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Elliottwaveprojection

USDCAD: Sell the rally in short term?We already used this pair for some trades last week (see chart below), but from my point of view, it still remains interesting in the short term. From a technical point of view, FX:USDCAD pair is developing something of an impulse structure (12345) on hourly chart, and my idea is to try to take a short position on the last impulsive wave (5) with a first target area around 1.3526. OUR LAST SETUP (Click & Play on chart below) Note: Updates will follow below. Trade with care! Like if my analysis is useful. Cheers!
Short
by TheAnonymousBanker
1
EURUSD: Consolidation in short term?Last week we already gave the signal to sell from Top, so today we will only follow some short-term updates. Well, technically speaking, the main trend (daily chart) is bullish, but if we look at the hourly chart, some bearish consolidation is still possible. That said, in the updates that follow below, we'll be looking for some interesting technical levels. TOP REVERSAL AREA (Click & Paly on chart below) FUNDAMENTAL ANALYSIS (Click & Paly on chart below) Note: Updates will follow below. Trade with care! Like if my analysis is useful. Cheers!
Short
by TheAnonymousBanker
Bitcoin Wyckoff and Elliott WaveThis is the structure I have been discussing on Twitter, YouTube, and elsewhere since the June 2022 swing low. Wyckoff methodology indicates that it is likely accumulation. The Elliott Wave count may or may not be correct locally. We want to see an impulsive breakout above that ascending red dashed resistance to signal that the wave ((ii)) flat structure may be complete, but a breakout above wave (b) is required to add confidence to that count. Further breakdown has a target of the daily pivot. If the count is correct, then wave ((iii)) of 3 has a minimum expected target of $42350 from here. The Daily RSI is printing hidden bullish divergence at the moment, but we need confirmation that it is complete. The daily Stoch RSI has reset into oversold, so a breakout of oversold would add more support to the idea that wave ((ii)) is complete. We can also note the red parabola. While price remains above that curved line we should continue to expect higher, overall, rather than a larger pullback. Let's see if we can get that rally from somewhere around this area.
COINBASE:BTCUSD
by Chris_Inks
8
TIDLOR | Wave Analysis | Falling Wedge Breakout-Bull DivergencePrice action and chart pattern trading: > A possible ABC correction - C-wave trend reversal in progress > Falling wedge local trend breakout EMA20D resistance making an inverse head & shoulders pattern. > TP1 @ SMMA50 as key dynamic resistance and TP2 @SMMA200 with +20%++ upside > Entry @ Neckline breakout with Stoploss @ H&S head position -8% > Risk reward ratio: 2.5:1 Always trade with affordable risk and respect your stoploss!
SET:TIDLORLong
by dukeposh
GBPJPY: Medium Term AnalysisA few hours ago we published the same analysis, but looking at the short term. Now let's try to follow the pair in medium term. Having said that, the key resistance is around 167.90, as long as the price stays below it, the trend is bearish, And we don't rule out a deep correction structure. Our previous analysis (Click & Play on chart below) Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
Short
by TheAnonymousBanker
1
MATICUSDT | Wave Projection | 4-Wave Correction - Subwave B?Price action and chart pattern trading setup TFD - Elliott wave analysis > A possible 4-wave correction descending triangle with subwave B breakout expected to retraced 0.618 - 0.786 of subwave A scenario. > Entry @ breakout triangle after downtrend subwave c completely retraced > Target @ 5-wave upper resistance zone 1.618 wave 4 extension and 2.618 wave 1 extension + 30-40% > Risk reward ratio could be 3:1 Indicator: RSI bullish momentum Always trade with affordable risk and respect your stoploss
MLong
by dukeposh
EURUSD: Sell the rally for a pullback?As we said in the analysis about Dollar Index ( TVC:DXY ), some corrective structure is possible in the near term. At the moment I don't have a target on the $EURSD pair, so we could use the one shown in the Dollar Index analysis. DOLLAR INDEX ANALYSIS (Click & Play on chart below) Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
Short
by TheAnonymousBanker
7
APEUSDT | Wave Projection Leading Diagonal Wave 5 BreakoutWave projection with price action and chart pattern analysis Ape price recently breakout MA20 and squeezed under MA200 - MA20 about to golden cross MA200 If breakout MA200 successfully, a possible ABC pattern uptrend about to into an explosive leading diagonal wave 5 targeting 1 - 1.618 extension of wave 3 When a deep consolidation in wave 4 happening almost at the end of wave 2 level- a potential strong impulse leading wave 5 likely to occur. TP1 + 60%, TP2 +100% Indicator: MACD bullish signal - golden cross above 0 line
Long
by dukeposh
Weekly Update: Is EVERYTHING about to come down together?Is a rare event when multiple planets are aligned in the night’s sky. It’s rarer still, when their aligned, and visible to the naked eye, and on-lookers do not require the use of a telescope. Let me explain. My crypto currency coverage list (SOL, ETH, BTC and ADA) have been rallying and hitting some of their initial sub-divided targets higher where I would soon expect them to retrace. Financials (XLF) could be completing a minor wave 4 high and now coming down in a wave 5. The SPX and the ES appears to have just completed their D-wave high in what I'm counting as a triangle and should be coming down as early as today. I suspect if I looked at some of the heavily weighted stocks of the SP500 they would show the same pattern and potential conclusion. Is everything aligned? The downside IN EVERYTHING appears clear enough, you don’t require a telescope to see that.
CME_MINI:ES1!
by maikisch
3
Solana Update: It's Looking For A Bullish ResumptionBack on March 8th we mentioned and highlighted a bullish setup formation on Solana with ticker SOLUSD, where we were tracking an A-B-C flat correction within higher degree wave (B)/(2). As you can see today, Solana a.k.a SOLUSD bounced nicely from projected support and it's now looking for a bullish resumption within a higher degree wave (C) or (3), which should be completed by a five-wave cycle of the lower degree. Technically speaking, there can be room at least up to 35-40 area for wave (C) or maybe even higher for wave (3) if we will see an extension decisively above 40 region. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BINANCE:SOLUSDLong
by ew-forecast
1
DOTUSDT | Wave Projection | Possible 4.4 Wave Fakeout Price action and chart pattern trading > Wave pattern - downtrend ending diagonal 5 wave. > The price continued to make lower high and lower low reached 0.786 extension of 4.1 wave and T1 head & shoulders target with a hammer candlestick. > Candlestick pattern squeezed at this key level a possible upcoming false breakout of 4.4 wave before making its final 5-wave > Target breakout 4.4 wave at SMMA25 - 0.382 zone > The final downtrend 5-wave is targeting at 4.0 - 4.5$
Short
by dukeposh
1