USDJPY (intermediate wave 4)This is the
Intermediate wave 4 of wave 3 (particularly the C wave)
Intermediate wave 3 is also the extended Minor wave 5 ((all within extended wave intermediate 3)
Intermediate wave 3 is also the extended minute wave 5 (all within extended wave intermediate 3)
Expecting
target 1 131.9
target 2 127.5
Then continuing for intermediate 5
Note: All 12345ABC start with the Primary Cycle
Elliottwaveprojection
MATICMatic seems to be done with the W1.
If the c wave bottom is in as my chart suggests then we are coming back into W2 now or after $1.17 tests.
The W2 can finish around .55c-.62c to retest B wave of the 1 shown off the lows of the triangle.
Either way this move looks exhausted.
If the C wave is not finished and this move up was the 4th of the 5 down for the C wave Flat correction from the 2021 highs then to that point MATIC will likely test .23c and finally bottom.
Only time can tell but I lean towards this chart projection.
Bitcoin. Bearish Idea. I published bullish idea but also have bearish Idea that needs to be pointed out. There is a bearish order block near near 29-30k level that is confluent with .386 of the high of 1st macro pivot. Also, another target at golden pocket of local pivot with .386 of macro high. It would make more sense that a zigzag (5-3-5) "should" have equal size leg (1-1 extension). All options should be on the table and make sure all validation and invalidation points are marked and go from there.
WHA | Wave Projection | Inverted H&S Bull DivergencePrice action and chart pattern trading setup:
> Wave projection possible intermediate 4-wave rebound with inverted head & shoulders reversal pattern and MACD bullish divergence
> Entry @ Neckline pullback
> Target @ H&S Target or 0.386 retracement of previous 3-wave +6% upside
> Stop @ right shoulder - 3% downside
> RRR: 2:1
The downtrend target C-wave or final 5-wave estimated at 0.786 of the last B-wave
Always trade with affordable risk and respect your stop
BTC new trend - Following on from my wyckoff accumulation ideaTo continue on from the wyckoff accumaltion posts I have shared, I now believe the "Phase E" of the wyckoff schematic is in full swing and the new trend has begun.
As you can see on my chart there is a new upwards channel being formed consisting of higher highs and higher lows, so I think this is a sign that the trend has now changed and I have marked up my elliot wave forecasts using a fibonacci extension.
As you can see we are in to the 3rd subwave which will consist of 5 waves up, so we will soon have a correction down to give opportunity to buy.
Any questions, feel free to ask in the comments below.
Full view of chart in comments too.
Happy trading and be sure to manage your risks.
GDuB
CPF Elliott Wave Projection | Triangle Breakout - RetestPrice action and chart pattern trading
> Wave Analysis projection - descending triangle / wedge breakout trading target
> Entry @ support retest breakout downtrend wave triangle
> Target 1.0 - 1.618 extension of ABC uptrend wave possible at volume profile resistance
> Stop @ right shoulder of inverted head & shoulders
> RRR 3:1
Always trade with affordable risk and respect your stoploss
Elliott Wave TD D-Wave Bearish Trend in EURUSDOANDA:EURUSD
Elliott Wave & TD D-Wave The perfect combination.
There was an Bull trend in wave C and a Bear trend in wave 3. as a result, wave 3 In a downtrend TDDWAVE, according to the counting order of "TDDWAVE", there can still be a downtrend as wave 3 normally moves like crazy, so it continues the downtrend. Expect it to go down to the level of 1 – 0.995 following the support tool.
Multiple bullish scriptsRAIN INDUSTRIES - Confluence of harmonics and waves.
168.60 seems to a target at point D.
Keep SL as Point B
CENTURY PLY - Bearish harmonic bat.
One can go long with a SL of today's low.
Target = 643.85
GMDC - Smoothed Rounding bottom formation
One can go long with a SL of 50 ema.
EUR/USD - Technical Analysis Chart UpdateEUR/USD - Technical Analysis Chart Update
Pattern in Long Time Frame ( LTL ) - Bearish Chanel it Rejected from the Lower Trend Line ( LTL ) and Started Following Bullish Trend
According to Elliot wave its '' 4 '' wave will completed at Demand Zone or Fibonacci Level - 61.80 %
We have Divergence as well in Shorter Time Frame
EURGBPEvery rise (if you look at the last five attempts) has always ended with a fall
⠀
Notice how in waves 1, 3, 5 the market managed to move the market higher, then after the end of the 5th wave, every surge upwards looks like a correction of the downward movement, which is controlled by the bears
Trade Guide
sell @ 0.8524
stop loss @ 0.8544
TP 1 @ 0.8402
TP 2 @ 0.8315
CRC | Wave ABCDE Projection | Ascending Triangle Trading Target Price action and chart pattern long term trading setup - catching the impulse 3rd wave extension.
> ABCDE Wave ascending triangle correction during 2nd wave is one of the most powerful that generates maximum profit for traders
> Possible making the final E wave before breakout
> Watch out for dump & pump on the way as prolongation of the E wave.
Target estimated at the length of A wave equals to 1.618 extension or could be an impulse 3 wave - upside +40% at breakout position
Stoploss @ the lowest position of E wave - 10 - 15 % downside
RRR : 4:1 for long term trade
BTC Wyckoff accumulation 4h chart updateFollowing on from my previous ideas and to provide an update, whilst most people may be looking at the upwards channel being broken, I am still looking at this as a correction on the 3rd wave and is currently in a bull flag shape. I have just accumulated another position to add to my holdings.
BTC more dump then to the moon 90k...BTC in big impulsive waves to the up side it start before covid drop and after covid we pushed up in big wave 3 and it finished
now we in wave 4 correction and it took the shappe off expanded flat correction
the expanded flat made from 3-3-5
we finishd the first 3 wave from 65k to 30k then we finished the next 3 waves from 30k to 69k and now we in 5 waves down i expect more down side then we will see btc make a new all time hihg ,
( we don't want btc to break the 13900 or this will change the plan )
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things are bullish for me ,
RSI MACD Else
USD will have one more push up then it will crash again ,
Elliott Wave forecast: Three bearish scenariosThis chart assumes we're in Primary Wave A of Cycle Wave 4.
First scenario is a 5-3-5 sequence Zigzag.
Wave C may be extended out to any length.
Second scenario is an ABCD harmonic.
If this plays out, you can actually draw an XA leg (X placed at the June 8th-9th pivot) to form a Bearish Gartley.
Regardless, short entry near the 38.2% retracement is worth eyeing.
TP target is 1.618 fib extension of D-A
Third scenario is the ascending wedge to draw out the alternation bear sideways Wave 4.
Refer to the white dotted lines
Here's the Cycle Wave (Extended Wave 3: extension undefined) these scenarios are predicated on:
Here's a closer look at the Gartley harmonic:
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Note the point of this chart is purely to exercise EW theory.
Note price has broken above the downward trendline (white dashed line), which is technically Bullish.
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Disclaimer: I am new to EW theory and don't claim this analysis is free of mistakes or errors with respect to EW principles and rules.