GBPUSD: Elliot Waves Of GBPUSDHello friends. If you pay attention and move the chart a little, all the waves are labeled correctly and accurately, and finally I tried to check the waves even in the lower time frames. It seems that the pound has reached the end of wave b and I expect it to grow to the range specified for wave c. This currency is on a monthly basis and will give you a long-term view.
Elliottwaveprojection
Bitcoin Doomsday Vs. 100k + Rampage. Here's HowHey Everyone! Thanks for dropping in to see how bitcoin can crash to sub 29k or break up to 100k + Targets. In this quick summary I'll give you my bias and a break down of the invalidations of these two paths. Let's dive in!
Count 1 is the 1,2,1,2 impulse wave to the upside. This count gets invalidated if we break under 44k.
The likelihood of this count coming to fruition increases when we break over 51k.
Count 2 is the pink ABC, which connect to the downside with the red arrow and would take us sub 29k low. This count increases in probability by getting rejected in our current box under 51k and then having price fall to 44k, and is looking extremely strong under 37.5k. This count gets invalidated when price extends above 51k and 100% invalidation is at 56.4k.
My current bias is the ABC that doesn't get above 51k. As such, I've taken profit on mid term/long term holdings in this critical zone. If we break up, I'll add them back in with a missed opportunity cost of about 10-12%.
Check out the signature below for free trainings on mastering the markets using the NewWave System.
*DROP A COMMENT ON WHICH COUNT YOU THINK WILL PLAY OUT*
VRA coming up behind ADA and SOL... 100% Gain Potential InboundHey everyone!
VRA detaching from the majority of the market with a few others to attempt a new high. I think it can do it, bringing up the rear of ADA and SOL's performances. CAUTION once this target gets high as the weekly will be printing its first bearish divergence, it will be a strong take profit signal at the least where we will then look for hidden bull divergence to print on weekly for some reassurance of consolidation at these lvls and continuation.
I've got a 1:1 ext. on the chart as a potential complex correction pivot target. We will likely see some resistance here, so the pullback will signal the entry if we can get a controlled rejection rather than a harsh one.
Follow for more updates and insights and if you enjoyed this outlook please hit the like button to support the channel.
Checkout the related idea below on ADA going to $10 vs Sub $1.
Let me know your bias in the comments below for VRA
#VRA #Verasity #vrausdt #vrausd #cryptocurrency #crypto
XRP Ripple Gearing Up For A CorrectionHey Everyone, Schyler here with NewWave Traders.
In this chart I'm projecting XRP to experience a correction mid term with continued upside. This dip will be for buying in my opinion.
Bearish divergence between the 3rd and 5th wave as well as wave structure supports this bias and some TDI signals on top of that.
Let me know your thoughts in the comments below. Are you invested in XRP? Do you just trade it? Would you buy this dip I'm projecting?
Look forward to your answers below.
Macro Topping Structure For Ethereum Starting To Unfold hey everyone,
A 2nd bearish divergence has printed a strong TP for Ethereum at this current high. In 2 days we get a weekly candle close and if it's a bearish engulfing that will create added pressure for the bulls as bears will be more enticed to bring price lower.
In cohesion with the Elliott Wave count on ETH we can see this as a valid 5th wave double top pattern.
The question for the correction we just started is this...
Is it a wave 2 for continued upside and we can treat this like the start of the 5th to take us to 10-13k
OR
Are we about to correct this entire structure that the 5th wave is ending, which means consolidation of a 4th wave between 4k and 1,800 or will we sweep the lows towards 1,300 to 1k.
I shared a video tutorial on y.t. for eth that walks through the 4hr and daily tf to give justification that this first drop we just had likely needs another leg to it, this is my bias.
Bulls will need to make this an abc zigzag and bears will likely want to make it impulsive.
For me, this signals is a weekly take profit signal following the NewWave System as weekly tf corrections can be quite drastic.
For me, Elliott Wave allows me to see ALL the ways the market can move (some of which I don't show in this chart) so that I can have a plan of action if the market moves against my bias and I can react intelligently and emotionlessly.
IF you're interested in seeing the market this way and desire a low-risk systematic way of trading that generates consistency then checkout my signature links below.
Let me know in the comments which count you're bias to?
Nasdaq heading towards 5th wave 13720 again.Looking at the wave analysis & retracement level of 4th wave market took support around 38.20 level(as per Fib retracement) & showing bullish momentum as long as 38.20 (today's low) is defended we can safely assume market to go towards 5th wave
First target is top of wave 3 & 2nd target is 38.20 level 13871 level(as per the 5th wave Fib projection) as long as today's low 12852 is defended.
DXY/ZN Ratio Chart - USD Is Nearing Target Against 10Y US NotesThe longer-term trend and the cycle of the USD in a comparison with 10Y US notes ( DXY /ZN ratio chart). It can slow down later this year or in 2023, but if there will be recession, then USD can face another big leg up before an important shift occurs. GBP could stay weak in the meantime and it can even retest the 2020 lows first.
Be humble and trade smart!
All the best!
RATCH | Elliott Wave Analysis -Uptrend rising wedge projectionPrice action and chart pattern trading - take profit position
> Rising/Bearish Wedge false breakout wave iv correction
> Target Inverted Head & Shoulders 1.618 extension of wave 1 or A
> Recommend take some profit along upcoming wave (iii) of wave v of wave 3 or C should be the longest wave.
> Indicator: RSI / MACD should start showing bearish divergence during the next cycles
Ambuja Cement This stock has completed 4th wave on daily time frame, and now possibly we are in 5th wave, once resistance trendline is broken then it would be a good trigger point to go long, stock had reached that trendline and currently trying to break, once it's broken, then bulls can take charge, also trend indicators and wave counts are suggesting to go long.
Overall wave structure on daily time frame
Macd in daily positive crossover and Uptick and also above zero line
Macd in weekly positive crossover and Uptick and also above zero line
RSI trendline breakout on daily time frame, uptick and also above 60
Price pushing upper bollinger band to open more upside
RK's Mass psychological Cloud buy activated
Dmi adx also positive on daily time frame
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
1810 XIAOMI | Elliott Wave Analysis - Possible Dump & Pump?Price action and chart pattern trading
> Ending diagonal with asymmetrical triangle pattern - possible scenario with dump & pump before ABC uptrend reversal.
> Aggressive entry @ downtrend channel wave ii and iv breakout
> Safer entry point @ triangle breakout
> Target @ previous 1 wave 0.382- 0.5 retracement zone
> Stoploss @ triangle lower support zone
> Risk reward ratio: 2:1
Indicator:
MACD - signal golden cross anticipated soon
RSI to breakout downtrend line MA before making the long entry
Always trade with affordable risk and respect your stoploss
SAM: Boston Beer CompanyLooking to follow his family’s passion for brewing, Jim brewed the recipe in his kitchen with the hopes of challenging the status quo in the American beer industry. He started by introducing American drinkers to craft-brewed beers that were full-flavored, balanced, and complex, and brewed with quality ingredients. Pleased with his brew, Jim started The Boston Beer Company with his co-founder and first employee, Rhonda Kallman. In those first months, Jim walked bar-to-bar with a briefcase full of beer that he called Samuel Adams Boston Lager, in recognition of one of our nation's great founding fathers, a revolutionary man of independent mind and spirit. Boston Lager soon became a catalyst of the American craft beer revolution, making its public debut in Boston on Patriot's Day in April 1985. Six weeks after its introduction, Boston Lager was selected as "The Best Beer in America" in The Great American Beer Festival's Consumer Preference Poll, which became an award Samuel Adams Boston Lager went on to win an unprecedented four times.
If you're unfamiliar as to what beverages are made by SAM, think Samuel Adams (of course), Angry Orchard, Twisted Tea, Truly (seltzer) among others. While you may not be hip to 'Boston Brewing Company', if you enjoy alcoholic beverages, chances are you've indulged in at least one of their products.
More fascinating to me than the number of household brands this company supports is the wave structure of its all-time price action. If one didn't believe in the power of an extended 3rd wave before now, feast your eyes on its magically vertical increase in price, practically since inception! For what its worth, I have no stock or positions with SAM however, as an Elliott Wave fanatic, I'm excited to show the power of such a move.
To get ahead of the wave and find potential moves like these (or avoid the downfall that comes after a completed wave cycle), join us on the waves.
BGRIM | Elliott Wave Analysis - Leading Diagonal Cup HandlePrice action and chart pattern trading
> Cup & Handle pattern with a leading diagonal wave forming the cup handle, possibly iv-wave correction targeting EMA70 slightly below the lower channel support
> Expecting a candlestick tight formation for reversal pattern formation before entering a long entry.
> The target 3-wave confirmation should break out the upper channel resistance.
> The final target of cup & handle at 2.618 extension zone
NAS100 H1 one more Bulliish Push?OMXHEX:BULL_NQ100X1_NF1
NAS100
Looks like PRICE objective is to visit 13765.00 area before we see a significant correction back to 12432.00 area.
Alternatively we will keep on buying the deep to 15500.00 area for a Bullish Cypher pattern.
DISCLAIMER
Charts are educational, not INVESTMENT recommendations
Could I have cracked a code! US30, DJIA, Dow JonesIf we start at (1) Jan 5th All time high and move 51 days down to a new low to Feb. 24th 2022 that would be the 1st leg down. Then take (2) Feb. 24 2022 up 57 days to April 21st 2022 that would be a new lower high. Then April 21st 2022 58 days down to a new lower low to (3)June 17th a new lower low, and finally back up to (4) 60 days up to 8/16/2022. If this is the peak of the (4th) part of the wave, we could see a down turn from here to the 5th and final leg down to the Dow being approx. 26,811 in 60 days OCT 17th 2022.Then a possible bounce back up from this market correction.
ACE | Elliott Wave Analysis | Triple Bullish DivergencePrice action and chart pattern trading
> Elliott Wave downtrend channel with triple bottom breakout
> Indicator: MACD triple bullish divergence
> Entry @ breakout & pullback support EMA50 zone
> Medium Target @ EMA200 - SMA200 zone 0.382 Fibonacci retracement +17%
> Stoploss @ triple bottom position - 7%
> Risk reward ratio: 2.5:1