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Elliottwaveprojection

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.
NYSE:SAMLong
by DigitalSurfTrading
3
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
SET:BGRIMLong
by dukeposh
1
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.
UShort
by bobbyguerrero213
SPY CHART TECHNICAL SPY is in low volume state along with short covering and ready to breakout based on CPI and PPI data as well as follow up interest rate hike talk. Due to low volume bullish, still on the up trend line but other technical indicators have started to cool off like MACD, RSI,SCHOLASTIC, AO. In few days May touch 421 or breakdown from this level. Sell starts from 409-407. First Stop at 393 before Sept then May slide to 370 further based future data and rate hike. I doubt that market will go up beyond 220 by this year due to most of the short covering probably done now and fresh sell short start soon that will bring down the market spy 350 end of the year.
AMEX:SPYShort
by TradeByTech
2
It's been a while since I provided an update on the Wyckoff ideaGood morning traders, I have been a little busy recently, so haven't had chance to provide an update on my wyckoff accumulation idea. As you can see on my chart, we are well and truly in to the new bullish trend that follows a wyckoff accumulation pattern and from the looks of things there is a Leading diagonal pattern forming, made up from waves and the sub waves within each wave. As you can see my elliot waves have been measured and my targets for each wave marked up. I believe the 5th purple wave will complete around $31,775 which is a key support/resistance level. These waves I have marked up are minor waves and once the 5 wave cycle has completed, I believe this will be primary wave 1 which will be followed by a correction down to primary wave 2. What this will come down to will be determined once we know where the end of the primary wave 1 is and we can then measure the wave 2, which I will sure to provide an update for. Please like and share my idea along with leaving your comments if you don't agree. Happy trading 👍🏻 GDuB
BITSTAMP:BTCUSDLong
by GDuBFX
1
DOTUSDT | Wave Projection | Triple Bullish Divergence DragonPrice action and chart pattern trading > Anticipating a breakout of dragon ridge or descending triangle breakout downtrend DRAGON ABC wave pattern with current Intermediate C-wave in zigzag formation > Target @ possible making a minor 4-wave uptrend correction retracing 0.0382-0.5 previous 3-wave +50% - +70% > Stoploss @ the lowest position of the -25 - 30% to the bottom forming the 1st claw of the dragon, relatively closed to the target of dragon main head & shoulders. > Entry @ 1st Inverse Claw breakout > RRR: 2.5:1 Indicator: MACD triple bullish divergence & RSI double divergence Always trade with affordable risk and respect your stoploss
Long
by dukeposh
1
BBGI | Wave Projection | Upcoming Inverse Head & ShouldersPrice action and chart pattern trading setup: > Possible upcoming ending diagonal of intermediate 5-wave downtrend with inverse head & shoulders > Entry @ breakout neckline > Target @ approximately the height of the head 9 baht > Stoploss @ upcoming right shoulder minor 5-wave > Risk reward ratio: 2:1 with downside -6% Indicator: > RSI +50 cross MA and MACD bullish divergence Always trade with affordable risk and respect your stoploss
SET:BBGILong
by dukeposh
Bitcoin - Forecast with Elliot WavesHi Traders, Investors and Speculators📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. The Elliott Wave theory is named after Ralph Nelson Elliott (28 July 1871 – 15 January 1948). He was an American accountant and also an author. Inspired by the Dow Theory, Elliott concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves. I find this another useful take on market cycles/phases, R Elliot is considered one of the 5 titans of chart analysis. Let's take a BRIEF look at the Elliot Wave Theory: Simply put, movement in the direction of the bullish up-trend is unfolding in 5 waves while any correction against the trend is in three waves (called corrective wave). From this you can already conclude that there is no specific time frame limit - you can have multiple waves in a larger wave, for example: The movement in the direction of the UP-trend is labelled as 1, 2, 3, 4, and 5. The three-wave bearish correction is labelled as A, B, and C. These patterns can be seen in long term as well as short term charts. Smaller patterns can be identified within bigger patterns. Think of it like this: Elliott Waves are like a piece of broccoli🥦 , where the smaller piece does in fact, look like the big piece. This information on smaller patterns fitting into bigger patterns, offers the trader a level of anticipation and/or prediction when searching for and identifying trading opportunities with solid reward/risk ratio. The world is changing at an exponential rate, and some changes need to be considered as we take a look and plot the waves. We have five major classes of market: Stock market, forex market, commodities market, cryptocurrency markets and bond markets. The Elliott Wave Theory was originally derived from the observation of the stock market (i.e. Dow Theory), but certain markets such as forex exhibit more of a ranging market. In today’s market, 5 waves move still happen in the market, but many analysts recently suggest that a 3 waves move happens more frequently in the market than a 5 waves move . In addition, market can keep moving in a corrective structure in the same direction. In other words, the market can trend in a corrective structure; it keeps moving in the sequence of 3 waves, getting a pullback, then continue the same direction again in a 3 waves corrective move. So not just ABC, but possible ABCABCAB etc. until a bottom is established via candlestick analysis. To conclude, don't be too rigid with rules especially considering the ever changing markets and the fact that the Elliot Wave theory was originally designed for stock markets. However, this does not make it obsolete ! By combining a few of the methods mentioned above, one can get a reasonable idea of which market phase we are trading in and confirm it by taking a look at the charts from multiple perspectives and theories. Currently, I enjoy using Wyckoff Method, Elliot Waves, Fibonacci Retracement + trend based Fibonacci Extension , Candlestick analysis, Chart patterns (occasionally) as well as major supply and demand zones / whale zones. I like to use support zones and resistance zones for lower timeframes / the lower the timeframe analyzed, the higher the risk. __________________________ 👀Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 📉 Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
64