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Elliottwaveprojection

COM7 | Elliott Wave Projection | Target Inv. Cup&Handle BreakoutPrice action and chart pattern trading setup: > A possible inverted cup&handle pattern ABC correction > stock price once again testing its support and probably making another pullback one more time > Target handle pullback @ 0.382 - 0.236 Fibonacci zone > Target downtrend C wave @ inverted cup&handle breakout @ 0.786 - 1.0 fibonacci extension of A wave > Stoploss can be placed at the upcoming pullback wave 4 correction -12% > Risk reward ratio: 2.5:1 Always trade with affordable risk and respect your stoploss, nothing 100%
SET:COM7Short
by dukeposh
CADJPY : Current Situation & Technical , Fundamental View#CADJPY - At this point, CADJPY is selling very well due to the current MARKET SENTIMENT. So CAD automatically went down. Also, unexpectedly, a JPY STRONG came in the last few days. This was because the Bank of Japan intervened to strengthen the JPY. - But after that the price of OIL went down very fast. Due to this reason CAD was sold very fast before. You can check it by going to CAD CHARTS. But now with JPY WEAKNESS, CADJPY is selling very fast. - Currently, the MARKET is slightly RISK OFF, JPY is going UP, therefore, CADJPY is being SELL. - Definitely CADJPY should be slightly DOWN until 102.91 LEVEL. After that, the possibility of moving to 110.06 LEVEL is very high. The reason for that is because even now OIL PRICES are going up a bit.
by benny_marshall
Price predictions for MATIC. Are you Bullish on Polygon?My primary expectation for Matic is one more low in a wave five of the wave c. However it has done a lower low so we could technically go up up from here and nearly hit the 50% fib which is an ideal retracement for a lager wave 2. If we are in the wave 4 still before wave down in the wave C. We could comedown between 0.6867 all the way down to 0.4587 in a wave 2. If we come down any further I will be laddering buy orders down to 0.45 cent. Just remember it reversing in this area is not guaranteed but I think its very likely. If we do reverse to the upside the wave 3 targets would be 1.41 to 1.86 which is 90 to 150% from where we are now. :)
MLong
by Luckyjimbob111
CAKEUSDT | Wave Analysis | Wave 4.4 Take Profit ZonePrice action and chart pattern trading; > Take profit zone at the upper resistance of the wave channel, possible at SMMA100 fakeout resistance - 0.382 - 0.5 retracement of Wave 4.3 > The final Wave 5 downtrend could be projected at 0.5 - 0.618 extension of wave 4.3 slightly below the previous low - a usual dump & pump is expected before making its uptrend wave > Indicator: RSI and MACD bearish divergence in TFD squeezed just above the baseline 0, limited upside. Always trade with affordable risk and respect your stoploss, nothing is 100%
by dukeposh
Bitcoin $BTC 28-32k Target - Elliott Wave Hi guys, At a time when everyone has been so bearish and looking for lower targets on Bitcoin, you know that this is the time to start getting bullish, even just for a short time. First, I'll guide you through market structure of this current bear market, then, in my next analysis, I'll look at recent price action to see if it is giving the game away as to where bitcoin is heading. Bull Run - Nov '18 - Apr '21 There is a clear 5 wave impulsive structure from November 2018 to April 2021 Bear Market Apr ' 21 - PRESENT Then you have a clear A-B-C pattern from June 2021 to November 2021, meaning this must be a wave B expanded flat to the 1.05 fib retracement. From then we have begun to follow an impulsive five wave C. So far, we can see a wave 1 to $32917 before a triangular wave 2 to the 0.50 at 47.4k Wave 3 was a clear impulsive structure with minimum retracements down to the 1.272 fib extension with the lowest wick down to 17.6k Currently, we are in a wave 4 correction, more specifically, the impulsive C wave of a wave 4, denoted as WC.4.C My most likely target for this is the 1.272 fib extension of wave 4.A to 28.6k with next being the 1.618 at 32.4k as seen on the chart above, but may fall somewhere in between. WC.4.C.1 will most likely end at the 0.618 shown below and come to the string resistance at around 22.2-22.5k, then follow a probable 5-wave structure as shown below: What's Next? I wish I can say Rocketships but I have to look at the evidence and suggest an impulsive wave 5 down and I have to say that it will most likely be nasty. Due to the shallow wave 3, only reaching the 1.272, the 5th wave will most likely be an extended 5th wave to around the 0.786, 1 or the 1.272 extension of the wave 1: There are still chances of lower targets but all I can do for now is show the most likely scenarios Thanks for reading and let me know what you think. Tchau
Long
by joshuashepherd877