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Elliottwaveprojection

Bitcoin long setup based on Elliot WaveAs you can see the main trend lines are on the chart. The Trading View's Elliot Wave projection suggests going around the next resistance IF the current correction is over and if not, the stop loss will be triggered based on the support's break. Since we are near a good support of the main up trend, there is a good risk to reward Ratio for going long. Green trend line is the stop loss, any price action passing it is a red flag. Red trend line can be used as the take profit.
Long
by NoaTrader
4
ATLAS TECHNICAL CONSULTANTS: Elliott Waves Technical AnalysisFrom a technical point of view, the trend is bullish on hourly chart, so it could be interesting to look for a potential corrective structure that we could use to try to take a long position. The downside is that we don't have extended historicity and that makes the setup high risk, so logic tells us to use a small size. ATLAS TECHNICAL CONSULTANTS ($ATCX) - NASDAQ NASDAQ:ATCX Strategy: Buy on Wave 4 PROFILE Sector : Industrial Services Industry : Engineering & Construction Atlas Technical Consultants, Inc. is a provider of professional testing, inspection engineering and consulting services. It offers solutions to public and private sector clients in the transportation, commercial, water, government, education, and industrial markets. The firm provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design and manage a wide variety of projects across diverse end markets. The company was founded on June 28, 2017 and is headquartered in Austin, TEXAS. 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
ALong
by TheAnonymousBanker
3
ETCUSD Is Moving Into A Support AreaETCUSD can be ready for more upside as market can be forming a new bullish setup formation based on Elliott wave theory. Ethereum Classic with ticker ETCUSD made an impulsive five-wave recovery since December 19th of 2022, when we spotted a completed ending diagonal/wedge pattern within wave C of an A-B-C correction. A five-wave recovery indicates a change in the trend from Elliott wave perspective, so be aware of more upside in March. We can see that price is currently nicely slowing down, making a three-wave (A)-(B)-(C) correction for wave 2 after we noticed a five-wave rally into wave 1 from the previous lows. So, keep an eye on strong support here around 19-17 area, from where we expect a bullish continuation above 25.10 while price is above 14.80 low. So as long this level is not breached we expect a new turn up. I hope to see you in webinar today here on tradingview. Link can be find below.
BITFINEX:ETCUSDLong
by ew-forecast
9
SAWAD | Elliott Wave Projection | Reversal Pattern BreakoutPrice action and chart pattern trading > Downtrend Elliott wave channel breakout intermediate ABC correction, a possible reversal with minor ABC uptrend wave > Pullback Entry @ downtrend channel retest at B-wave > Medium-term target @ volume profile point of control 0.382 retraced previous uptrend major C-wave > Stoploss @ the lowest minor 5-wave -5% - 10% downside > risk reward ratio 2:1 +25% upside Indicator: RSI already oversold wait for a pull back for the long entry Always trade with affordable risk and respect your stop-loss
SET:SAWADLong
by dukeposh
ALCOA ($AA) Elliott Waves Technical AnalysisFrom a technical point of view, Alcoa still has an interesting technical structure in play in the medium term. As we can see on weekly chart, the pullback triggered from the last Top reached an important support area around $33 and from here, the market has developed a nice reaction, at the same time however, we need to destroy the important resistance area around $59/$64 to confirm wave 3. If this happens, $AA should be able to trigger a new Top in the medium term. Of course, this setup is not as simple as the last one we shared and published a few years ago (see chart below), but at the same time it could be an interesting trading opportunity, especially if we are able to follow it on small time frame ( daily or intraday chart). Technically speaking, we may have much more information after the next opening bell... OUR LAST SETUP ABOUT ALCOA (Click & Play, play, play and 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
NYSE:AA
by TheAnonymousBanker
Midterm perspective for FCPOFCPO is probably preparing to trending higher in the future but I'm a bit CAUTIOUS because the price hasn't broken the important level yet (strong resistance) which is around 4500. Currently, the pattern which is unfolding is a ZigZag (thought to be). Assuming this assumption holds true, wave C should ends about the same length of wave A, around 5000 - 5200 levels. There're evidences which supports this assumption: 1. There are 5 waves in wave A 2. Fibo retracement level for wave B in a ZigZag is around 0.618 level 3. By EW rules for ZigZag, wave C should have 5 waves. 4. ZigZag price movement is contained within parallel channel - they tend to in most cases. We're already seeing 5 waves unfolding in wave C but seems relatively short than assumed projection (5000 level). The only possible explanation is that wave (3) in wave C is an extension. Disclaimer This is NOT buy/ sell call but for learning purposes.
MYX:FCPO1!Long
by faridah_sanny
Weekly Update: Market Analysis for the Intermediate TermI have long opined on how I believe the SPX/ES gets to my initial downside target of 3200 to high 2800 area. This week I will dispense with the long-term warnings, and provide some intermediate context. This market is transitioning from “Buy the Dips” which has worked as a strategy for the better part of 2 decades to “Sell the Rips” . That is not to say our “Rips” will not have meat on the bone so to speak. Let’s start with where we are now. We are currently in the middle of carving out a complex w-x-y pattern for our b-wave low in the area of 3772-3653. A breach of 3788 is a target I have been discussing in our trading room for a while now. Upon getting into my target box, I plan on designating the summer of 2023, as "The Summer of LOVE"...lol. This is where traders LOVE the long side once again. This could constitute a RIP that has a lot of MEAT on the bone. We're talking about a potential move up of 700-900 points. I am speculating when I say, the sentiment would be during this rally that the FED has pivoted, inflation has moderated, "maybe scientists will determine that "Dogs and cats can live together in harmony " (Joke)...but this rally will only give way to a 3rd quarter to end of 2023 being dismal. Why, you ask? Because this is the last hurrah for "Buy the Dips" trading mentality. This gives way to despair, as we shed 30%-35% in short order. I mean this sincerely when I say..."Stay Safe". Best to all, Chris
CME_MINI:ES1!
by maikisch
1
EURJPY ForecastWe have two potential scenarios for the EURJPY. Unfortunately, none of them will give is a good trading opportunity in the short term. Scenario A The corrective cycle that started in October 2022 is not over, and we will see another wave down before ending wave 2 in the primary degree (green) What to do in scenario A? In this scenario, when the price reaches the green Inflection zone, we will buy EURJPY Scenario B This corrective cycle ended on January 2023, and we have already started wave 3 in the primary degree. What to do in scenario B? The EURJPY will need to break the highs created on October 2022 before looking for buying opportunities in a shorter time frame cycle. In conclusion, in the short term, we do not expect that EURJPY can provide us with good trading opportunities. We will continue analysing it for you and updating you accordingly if the market structure changes Please remember to do not to risk more than 2% of your account on each trading idea
Long
by TradingtheRightSide
ALIBABA ($BABA): Technical Analysis on daily chartHi everyone! The main trend of $BABA is bearish on the daily chart, but most of the bearish momentum has already been worked on by the market. Having said that, even in the short term I remain bearish at least up to the support area, from there I cannot exclude some Reversal Pattern (see chart below). If this happens, an update to this analysis will be necessary because before trying to take a long position I want to wait for at least one clear signal (for example, an impulsive structure on the hourly chart). POTENTIAL REVERSAL PATTERN If we look at the Daily Chart, the support area could turn into something like a Right Shoulder of a potential "Inverted Head & Shoulders". 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
NYSE:BABA
by TheAnonymousBanker
EURUSD ForecsatEURUSD Forecast The correction EURUSD started in September 2022 is not over yet. We are forecasting that we only have finished the (A) from the (A)(B)(C) of the correction in the intermediate degree (blue) to end wave 4 (green). Therefore we still need to see the price making higher highs from the current position. We are forecasting this option as the most provable at this point because wave (A) seems like a clear motive wave for us. We clearly see 5 waves forming (A). That means that, as wave 4 in green (primary degree) has to have a corrective structure, there is still another wave up missing. What to do? We currently can not look to enter the market. We should be patient and wait for the price to break the 1.1033 level before looking for short-term buying opportunities. Alternative scenario We forecast that wave 4 in the primary degree (green) is not over yet. However, until the price does not break the 1.1033 level, we cannot discard the scenario where wave 4 is already over. If this is the case, the price will resume the downtrend directly, making lower lows. Unfortunately, today we cannot give you a trade idea for the EURUSD, but we hope you understand what the asset situation of the EURUSD is. As always, we will keep you updated Please remember to do not to risk more than 2% of your account on each trading idea
by TradingtheRightSide
ETHUSDT | Wave Analysis | Massive Bull Flag +70%Price action and chart pattern trading setup: > A potential ABC correction reversal pattern with MACD bullish divergence below baseline > The price is currently trading between SMA20D vs SMA50D > The current C wave position retraced 0.786 of A wave with a bullish inside combo pattern > Entry @ pullback SMA20 zone > TP1 @ bullish inside price action combo +25-30% near upper bull flag resistance and slightly above SMA200D > Stop @ C wave position -10-12% downside > Risk reward ratio: 2:1 If the price breakout this massive bull flag - this will confirm the new uptrend 1-2 pattern and the flag resistance will become the support with an estimated +70% upside from the current trading price. Always trade with affordable risk and respect your stoploss
Long
by dukeposh
III | Elliott Wave Projection - Corrective A Possible Breakout?Price action and chart pattern trading > Elliott Wave projection - a possible breakout of corrective wave A position at 0.618 retracement of previous wave 5. > Target Wave B zone estimated at 0.618-0.786 of the current wave A uptrend + 15 - 18% upside again > Stoploss at the lowest wave A position plus ADR average day range -5 - 7% downside > RRR 2:1 for short term trade Always trade with affordable risk and respect your stoploss
SET:IIILong
by dukeposh
BTC ForecastBitcoin Forecast Technically the correction (II) in the super cycle degree (red) should have reached the 12,230 level to end the correction and start the new bullish cycle. However, the possibility that this will not happen is high as it seems that in Nov 2022 we ended this long corrective cycle. Even though another push low is not 100% discarded, we forecast that the new bullish cycle is already in place. Therefore once we have a bullish sequence, we will be interested in buying BTC. This can happen this week. We will keep you updated. In the alternative scenario where BTC makes another lower low, we would buy it if the price reaches the 12.3 k level. Please remember to do not to risk more than 2% of your account on each trading idea
COINBASE:BTCUSDLong
by TradingtheRightSide
9988|Alibaba Wave Projection | Bullish Divergence - Rebound?Price action and chart pattern trading - Minor downtrend ending diagonal pattern with MACD bullish divergence > A possible wave 4.3 minor downtrend wave at the lower support 0.786 extension of wave 4.1 and upcoming rebound wave 4.4 to 0.382 - 0.5 fibonacci retraced from wave 4.3. > Target upside +10 - 12% while downside is -6%, RRR: 1.5:1 > The final downtrend wave 5 could be slightly below Target H&S zone. Always trade with affordable risk and respect your stoploss, nothing is 100%
HKEX:9988Long
by dukeposh
1
SPX clearly is going nowhere for nowTime for me to give my view on SPX for probably the next month. The EWT in this chart should only be used as a guide. It's very subjective and price action and geometry are what I give more weight, so lets discuss that for now. I'll also focus a bit on the indicators below the chart as well. First, notice the sell signal in January of 2022 which was the top of SPX. You had a sell signal on both the wave master and the momentum indicator that was stating that we were are the top of the price action. Next, notice the two times we got buy signals with confluence in both indicators. June 17, 2022 and October 13, 2022. These are both on the daily timeframes. Both times resulted in significant rallies. Finally, notice the last sell signal that we got. February 8, 2023. That is the first sell signal we've received in over a year (if you are solely looking for confluence across both indicators - which you should be). We've had a decent decline so far. Ok, now lets move to trendlines. First, notice the downtrend line (DTL) from the ATH down to the recent price pivot yesterday. This trendline is very important and I do not expect we will break it. Remember, this is an index made up of 500 stocks, so there's 500 different factors that will move this train. Likely, there will be money rotating in these underlying stocks which will keep price action above this DTL. Second, notice the uptrend line (UTL) from the low in October which is marked in yellow. We broke it. I suspect we will stay below this for quite a while. If we get back above it in the next few trading days, that would be the most bullish thing I've seen in a long time. Third, the price action between both trendlines is forming somewhat of a chuvashov fork. We'll likely just stay within the bounds of both trendlines until probably at least april before starting another trending move. Ok. Now how about sentiment. I'm starting to see more doomsday charts out there. It's not to the craze I'd like to see in order to flip bullish so this chop is probably going to build some kind of formation to feed the bears. I think we need more time to develop and this fork is going to really help define the future, at least short term, a bit. There's also a LOT of bulls out there that are talking about this DTL. We just successfully retested it. Is this a valid correction from my green wave A to complete wave B (green)? I don't think so. I think more time is needed. Why? TIME TIME TIME TIME TIME Look at the time it took to get from the bottom in October to the top in January. October. January. 4 months. Are you teling me the whole dang thing finished correcting in 3 weeks? Doubtful. We need more time. At least 8 weeks if we go half of the time. We're at the point now that a lot of people are getting 45DTE options OTM for upside plays and people late to the party shorting as well. Let's decay those options and squeeze them out. Give the market some time and by all means, make everything a short term play for now. We're likely in for a boring month but if the market decides to really get volatile, I'll be ready for that, too.
SP:SPX
by bitdoctor
2
KBANK | Elliott Wave - Wave 4 Support - Target Bull Pennant +30%Price action and chart pattern trading setup > Overall wave pattern moving in diagonal uptrend with a possible wave 4 triangle sideway. > Now making a strong pullback to triangle support could be E- wave of ABCDE pattern at EMA200W zone > Entry : A false triangle breakdown for a possible long entry between S1 and possible S2 > Target : bullish pennant at major wave 5 diagonal zone +30%. > Stop: Slightly below S2 -5% Always trade with affordable risk and respect your stoploss Good Luck
SET:KBANKLong
by dukeposh
Filecoin ($FIL): Technical Analysis on Daily ChartHi everyone! From a technical point of view, the trend on the daily chart is absolutely bearish, but at the same time, with the completion of the bearish impulsive structure (12345), I do not exclude the continuation of the corrective structure (bullish) in play. At the moment we do not have a confirmed bullish signal yet, but if in the short term we manage to trigger another bullish leg before the pullback, the trend could turn bullish again in the medium term. Technically speaking, in the short term, we have a support area around 7.26/6.66 and if $FIL is to turn bullish, it should be held. 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
13