Elliottwaveprojection
USDJPY LONG - Long - termThe USD/JPY is currently at levels last seen in 1988, the second correction in the upcoming bull run is complete, and more dollar strength may be ahead. Although this is a strong resistance level, I think price may break through to levels around 157.78 as a first target. This would represent an equivalent length of the first impulsive wave that started in January 2012 and ended in May 2015.
There is also a very good chance that the current wave could last twice as long as one, or at least 1.618 times as long.
Disclaimer: The information provided here is only for educational purposes and should NOT be taken as investment advice.
BTC Prediction, Bearish!?!if it is in a zig zag correction then it will do something like this. Most likely however, wave 3 will be longer etc and the first 5 wave move is just an estimate of the usual fib points each wave reaches. The whole zigzag will probs reach 0.5 of larger wave 1, which we will then see btc impulse down quite hard i presume if this is all true.
what are your thoughts?
Ethereum- Wait on Bounce From The Support First, Then BuyHey all,
Cryptocurrencies are trading lower, as USD gets strong across the board and stocks turn down. There is room for more weakness in the near term, but the Ethereum can still be interesting for a bounce if the 68.1% and 78.6% Fib will hold.
For more details, check the video.
Elliott Wave Theory & BTC Decline/Bottom...??Haven't published in a while, and hardley ever use Elliott Wave as a trading hedge, but after some research , AND I SHOULD HAVE FINISHED THIS LAST NIGHT BEFORE TODAY'S DROP! I have found several ways to measure the BTC Bottom.
80%-85% drawdown from ATH on every bear market = $13175
Re-test last Bull Run highest Monthly close = $14000
Then there is the Elliott Wave Theory... 5 waves, with 3 larger down and 2 up like in the chart.
Text Book Wave Theory states 1 and 5 are same percentage drawdown. This chart is -50%....
and 2 and 4 should be same percent bounce up.
We have that confirmed at +43% & +45%
Wave 3 down should be the biggest percent down...confirmed at -60%
Zoom out to the 2Wk or the Monthly chart and you can easily see the wave counts and the similarities in the waves.
Also play with the Chart Above to read stats
Another way to estimate Elliot wave #5 down is to use a Fib Retracement from the previous low of #3 to the High of #4 extensions should be downward.
The traditional wave #5 falls to the range between the 1.272 and the 1.414 ...Highlighted in the chart
Now combine all the stats abd the 5 Day BBWP turning up and Stochastic turning down ...BTC should go lower
Wave #5 should also have 3 inner waves, down first...Today's draw, possibly a bit more, then a bonce up and then further down to the area...
where ALL HIGHLIGHTS CROSS ON CHART
between $14600 & $15600
also be prepared for the 1.618 to be a wick at the 85% in the 13K bracket where the monthly closing high of the 2018 bull run hit
Look at world markets and the DIXY too and OIL costs, the FED all that BullShit...they want all markets lower and more people unemployed and spending less money(ramble)
We'll see how this pans out and revisit in a few weeks
$SPY Elliott Wave Daily Chart 9/6/22$SPY forming an expanding diagonal. must conclude past the length of wave 3 to confirm the pattern.
Zomato analysisthis is a 5 wave correction, so it should touch the support line, i have drawn a channel too which is supporting from past waves too.
S&P500 : Elliot waves 15 min
In the S&P 500 index, we see the fall of wave C in the form of five waves, and it is expected that this trend will move in this way according to the chart to form wave 1 of C, and then the second wave will move to the specified range, and then a sharp fall for the third wave. will continue
GBPUSD: Elliot Waves for GBPUSD 4Hr.hello friends The pound is in a downtrend, we are now in the fifth wave of the third wave, and we will now be a correction in the form of an ABC zone for the fourth wave, and it is expected to move towards $1.1763.
EW $BTC #BTC #Bitcoin #Btcusd Wave 2.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This is my main chart now for life.
I mean it. Wait at 9k for wave 3 to begin.
DXY: Elliot Waves DXY DailyFriends, my expectation from the dollar index is that it will grow up to the range of 111 and then we will start a downward trend.
CBG | Wave Analysis | Leading Diagonal 2-Wave Price action and chart pattern trading setup
> A possible 2-wave leading diagonal pattern ending at 0.786 retracement zone
> Entry @ downtrend breakout with reversal pattern - watch for double bottom / inverse head & shoulders / triangle wave candlestick consolidation
> Target @ 0.786-1.0 retracement to previous 1-wave + 10 - 12%
> Stoploss @ the lowest position -4-5%
> Risk reward ratio: 2.5:1
Always trade with affordable risk and respect your stoploss
EURUSD: Monthly Elliot Waves analysisHello friends. According to the theory of Elliott waves, we see the formation of the price in the form of a large correction wave ABC, and now we see the third wave of wave C. According to the chart, the goals of the third and fifth waves have been determined. So, open the ceiling for trading. Open a sell transaction.
XAUUSD: Elliot Waves 4hrFriends! Seeing its previous bottom, gold should try for wave c (in the form of five waves) up to the range of 1835. So, you can buy at the bottoms and expect growth up to the desired range. Often, in these waves that rise intensively, wave one and wave three will be equal and the fifth wave will be bigger than the two waves.
AVAXUSDT | Wave Projection | Bullish Wedge Ending DiagonalPrice action and chart pattern trading setup
> Elliott Wave analysis possible 2-wave ending diagonal pattern with bullish momentum - a potential falling wedge breakout scenario
> Entry @ 2-wave bullish wedge breakout and EMA10 TF24H
> Target @ upper downtrend line resistance 0.618 - 0.786 retracement of 1-wave zone + 30- 40%
> Stop @ the lowest 2-wave position -10%
> Risk reward ratio: 2:1 / 3:1
Indicator:
>RSI bullish momentum about to cross MA line
>MACD bullish momentum just below signal line
Always trade with affordable risk and respect your stop
Diagonal trianglesThings that do not follow Elliott's basic rules can be seen in wave 1 or A or B or C or wave 4. The difference between these models is in the type of microwaves, which are multi-wave.
TWITTERI have indicated my expectation for wave 2 with red cuts, bearish triangle indicates wave 4, it is not necessary to make a symmetrical triangle, I showed it as a possibility. I created correction 2 assuming that there will be no recovery in the world economy next year. not a recommendation.
BTC 20,550/20,850 then 18,950BTC has many fibs lining up in the same place - at 20,850. That is the 1.414 of AC, the 1.272 of OC, the Elliot Wave impulse of 2.14, and also this same level 20,850 is the 0.236 fib from 25,188 to current support (19.5k).
It would be a good idea to short this level if it hits. I expect a bounce (or drop) from 20,550 which is the 1.618 impulse from the bottom.
The target of the Short to then flip LONG is 18,950. Then we can continue to trade the channel.
ETH Daily swing direction based on Elliott-Wave calculationCurrently market seems to be on the edge. Not very clear structure and therefore I am expecting, we are still in a higher timeframe consolidation.
Right now, I am expecting to have a short relief until Wave B reached. Because of the lower timeframe structure, chances for a flat correction with Wave C are higher than a Zickzag and new lows.
But this can be validated as soon as we have the final structure for wave B.
Crude oil short for the short term crude oil short until fibonacci overlapped level, harmonic, applied fibonacci, Elliott wave are all in considerations
ETH Cup & Handle must hold wma200@1260 or 880/600 is comingIn this weekly chart,ETh must hold the green support zone near wma200 @1260 for the cup & handle pattern tp play out.
BULLISH SCENARIO: ABC has ended with wave C bottomed at 883 & a new EW cycle begins with a cup & handle holding the1260 green zone & a BO of wma20 is coming.
BEARISH CASE: A wave 5 of C is still in the making which may make a double bottom near 883 or even a lower low near 600.
We will anticipate but not speculate. BE REACTIVE & NOT PREDICTIVE!
Not trading advice
TCC | Wave Analysis | Falling Wedge Breakout TargetElliott Wave Projection - Price action and chart pattern trading
> Bullish Wedge Elliott Wave downtrend channel breakout
> Key resistance SMA200
> TP1 @ 0.382 retracement of previous wave 5 - volume profile point of control zone equal to distance of wave E to the falling wedge breakout point
> TP2 @ 0.5 retracement - upper resistance of key volume profile zone = distance of wave C > D from breakout point
> TP3 @ 0.618 retracement - equal to the distance of A>B +30%
> Entry @ Pullback SMA200 zone
> Stoploss @ SMA20 zone -10%+
> Risk reward ratio: 3:1
Always trade with affordable risk and respect your stoploss
🟩 Long BTC ( Don't forget to money management )Share your opinion in the comments and support the idea with Like.
Follow me on tradingView, if you don't want to miss my next analysis or signals.
Thanks for your support!
