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Elliottwaveprojection

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
ERGO Coin ($ERG): Rebound continuation in short term?Today we continue to follow some Altcoins, and this time we are talking about #ERGO (ERGO Coin). Technically speaking, the main trend is still bearish, but we cannot rule out a continuation of this technical rebound in near term. If Ergo Coin will be able to follow the swing shown on daily chart, the structure in play remains bullish with 2.54 direction (first target wave 5 structure), main support area around 1.91. Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
Long
by TheAnonymousBanker
1
WTI ($USOIL): Short Term Bullish SetupAfter OPEC's announcement to cut production, $WTI soared after the open. Now, from a technical point of view it should be correct to try again to take long positions on a potential pullback. STRATEGY: Try to take a long position by splitting the position, 50% around $78 and 50% around $75. Stop loss below $71 (hourly close). 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
OANDA:WTICOUSDLong
by TheAnonymousBanker
GBPJPY Is Consolidating Within A Bullish Running TriangleGBPJPY pair is still at the highs on a daily chart, which looks like a consolidation within uptrend, ideally as a bigger bullish running triangle pattern within higher degree wave (4). The running triangle is a region of horizontal price movement, a consolidation of a prior move, and it is composed of "threes." That means each of the A-B-C-D-E waves have three subwaves. Currently we are tracking final stages of a complex w-x-y rally into wave D that can cause another wave E slow down. So, once a triangle fully unfolds, be aware of a retest of the highs for wave (5) of a higher degree wave C/B.
by ew-forecast