Elliottwaveprojection
S&P 500 (CFD): Corrective Structure in Short Term?On 1H chart the trend is bullish, but even if it wanted to develop a bullish impulsive structure (i-ii-iii-iv-v), in short term, it would have to trigger a corrective structure (ABC Pattern, for example) with a Target around $4,100.
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Cheers!
N.B.: Updates will follow below
HDFC BANKHello and welcome to this analysis
From COVID lows in this weekly time frame its appears to be in its terminal 5th wave.
After making an expanding diagonal (horn) in a sideways corrective its now set for an attempt for a new high which could see a medium term top formation in it.
As per Elliott Wave after 5 up waves a stock goes into a corrective, since this is weekly (3 years of rally) the next correction can be deep in terms of both price and time.
We might see a lot of positive news being announced over the next few weeks as it advances into new territory, which is the norm when a stock appears to be concluding its entire wave structure.
An ultra bullish count would suggest stock sustaining above 1800 else this path is likely to be correct.
Short term trading bullish
Medium term exit on rally
BTCUSD - Possible Mega RunCOINBASE:BTCUSD
Nothing much to say possible run into the heavens........ enjoy the ride.. keep your hands inside at all times..
CRUDE OIL. INTRADAY ELLIOTT WAVE ANALYSISCRUDE OIL
HOURLY CHART
Current structure showing that wave 4 is in play. Based on guideline of alternation within impulse wave, we are expecting a shallow/sideway movement for wave 4 and the reasonable target for wave 4 to end is at 38% golden ratio. Invalidation level must hold for this idea.
TRADING IDEA:
Stay away for now and wait for wave 5 trading setup to go long with the market.
-pengiran
ETH - UnTiL wHeRe tHe BuLL RaLLy WiLL gO ?Greetings traders!
I am sharing to you today one of my COINBASE:ETHUSD Elliott Waves analysis.
That one is bullish until the summer '23
Fibonacci Extention from the bottom of the orange W to the orange X in order to find the orange Y
Fibonacci Retracement of the purple WXY, in order to know where the objectives converges to be more precise
Fibonacci Extention of the blue (ABC) to find the blue (C)
Fibonacci Extention to find the green extention 3 wave
Fibonacci Retracement to find the green extention 4 wave
Fibonacci Extention to find the green extention 5 wave
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BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves, from the greatest analysts books, into a clear, simple and explicative way,
Contact me in private if you are interested
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Don't hesitate to comment and check my other idea
DOGEUSDT | Wave Projection | ABC Pattern TP +60%Wave projection combined with price action and chart pattern trading signal
> After a sideway breakout of mega falling wedge - the price pattern breakout of MA200 and made 2 false breakdown with a doubled bottom formation.
> A potential ABC uptrend pattern now retesting MA200 confluent zone support at key volume profile POC and golden cross MA20x50.
> If breakout successfully - TP1 @ 0.618 retracement +60% , TP2 @ 1.0 of Wave A +100%+
> Pullback Entry S1: MA200 - 0.80, S2: 0.74, S3: 0.68
PLANB | Elliott Wave Projection - Leading Diagonal 5-WavePrice action and chart pattern trading
> Wave projection - Leading diagonal pattern with a possible 5-wave uptrend
> Entry @ pullback and breakout downtrend line wave 2 and wave 4 near lower support of uptrend wave channel.
> Target @ previous primary wave 3 | 0.786 - 1.0 zone +30% upside
> Stoploss @ upcoming wave 3 and upcoming wave 5 zone -10% downside
> Risk reward ratio 2:1
Always trade with affordable risk and respect your stoploss
Silver set to explode. According to my Elliott wave analysis, Silver is in the early stages of a third impulsive wave, which is part of a larger third impulsive wave. This is the most explosive wave, with significant price gains expected. The recent breakthrough of a crucial Fibonacci resistance level at $24.66 confirms this outlook. With this level breached, silver now has a clear path to reach $45 in the coming months, with a potential fifth impulse wave pushing it to around $83.
Brace for some serious excitement in the coming months!
GBPJPY gunning for 166.76GBPJPY has failed to hold below 164.38 which failed my bearish conditions and has changed my view on the price movement.
GBPJPY has been bullish for the past 1 week and I think it is consolidating so it can move higher and at this point, I am bullish biased on this pair and would recommend everyone look out for buying opportunities at 164.00 - 163.70 region.
👉 Price is above the 200EMA which clearly means we are still bullish
👉 Price has broken multiple resistance/supply/downward trendlines over the past couple of days
👉 Price is in a 5 waves progression and I believe wave 5 is currently unfolding, which puts my first target at 166.76.
I would recommend everyone to buy the dip, and as long as 163.44 holds uptrend is not over yet.
I would love to hear your views concerning GBPJPY. Please like if you agree and follow for more updates ❕❕❕
Solar Coin ($SOLAR): Short term Bullish SetupFrom a technical point of view, this $altcoin could remain interesting in short term, that said, if we look at the daily chart, $SXP could develop a bullish impulse structure (12345). This setup is very simple, wait for pullback in support area to try to take long position with stop loss below the support (daily 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
BEM | Leading Diagonal Pattern Projection - Wave B CorrectionA possible ABC correction after finishing mega leading diagonal wave pattern:
Wave B target 0.5 - 0.618 retracement of wave A and EMA 20 week resistance
A possible false breakout EMA200 week
Wave C - Targeting 0.786 fibonanci zone of major Wave 1
EURUSD: Short Term Bearish SetupFrom a technical point of view on hourly chart the trend is bearish again, so it should be correct to try to take a short position on corrective structure which should appear in the short term. If there will be the technical conditions I will publish other updates in the section 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
area of 4th wave. Im of the opinion that only the first leg of potential wave 4 is in. This could be a micro inner wave 4 before xrp hits a larger one.
Wave 2 lasted for more than a month. Expecting simmilar for larger 4. Yet to see.
Anyway, demand zone is here. Waiting for a reaction and divergences for a cleaner entry
ETCUSDT | Wave Projection TFW Ending Diagonal Breakout SetupWave analysis with price action & chart pattern bullish outlook - a potential ending diagonal breakout setup
> The weekly price with triangle pattern and candlestick squeezed between EMA 200 week zone and potentially breakout near the apex zone.
> Now with multiple false breakdown, possible pinbar long entry setup pattern.
> Target Zone: 0.618 - 0.786 Fibonanci retracement - Volume profile point of control area + 80% upside
> Stoploss Zone: previous low with a pinbar looks like the right shoulder of a mega inverted Head & Shoulders -20%
> RRR: 4:1
RSI TFW bullish signal - uptrend above MA and squeezed below 50.