GJ countertrendGBPJPY is on upside but as we know the market move by forming Highs and Lows (wave form), I expect a little bullish before starting to fall then after it will continue with it's trend BULLS with a high momentum
Elliottwaveprojection
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.
Elliot Wave on Bitcoin Bitcoin entered a distribution zone(down flag formation) again. It has a higher chance of breakout down again to complete an Elliot Wave Trend.
(Not investment advice)
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
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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
Eicher motors showing strength for next move ahead!Are we looking forward ahead for Big targets!
NSE:CNXAUTO NSE:EICHERMOT
Targets!
Elliot wave TheoryJust an idea, speculation. This could indicate another push down but the macd is still strong and it is above 50 so this can very much be wrong.
Corrective Wave Phase for BTUSDWave A of ABC corrective wave is now forming in the shape of ABCDE Triangle and it will end around 21900, before it starts to raise back again to 23700 forming B wave, and then it will sink down with wave C to 21000
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.
Elliot Wave and Fib Grid on French 40I believe the French 40 is still in a sub wave 4 correction, it should retrace more, before making a final correction down to 61.8 extension. It should then head back up to make its final wave 5!
$PEP (Pepsi Co) - Stock Analysis -L/TThis is my personal analysis and anticipated trajectory of the Pepsi Co stock.
SHIBUSDT | Wave Projection | downtrend breakout Inverted H&SPrice action and chart pattern trading
> Wave projection double zigzag correction ABC with downtrend channel breakout and EMA5 crossover SMA50 above neckline
> Inverted head and shoulders breakout, possible wave 1
> Target @ previous A-wave +50% upside
> Stoploss @ right shoulder -15-20% downside
> RRR 3:1
Always trade with affordable risk and respect your stoploss
EUR/GBP Technical Analysis Chart UpdateEUR/GBP Technical Analysis Chart Update
Time Frame - H1
According to Pattern in LTF - Bullish Channel it has Breakout and completed the Retest now it will follow Sell TREND
According to STF patterns it will complete its Bearish Channel and 4th wave at upper Trend Line AT 78.60% Fibonacci Level
BTC 4H chart - update on wyckoff accumulation/ elliot wavesGood morning traders, please see my previous analysis of the wyckoff accumulation (linked to this idea at the bottom).
I have now cleaned up my chart as it was starting to get a little bit too busy.
I have measured the fibonacci extension levels and drawn these on but removed the extensions tool and added in my predictions for price movements.
I am expecting the purple wave 3 (lower degree of waves) to complete around the purple 161.8% level.
I'm fairly new here, so would appreciate your support with Likes and comments.
If you have any questions about my analysis send them in the comments.
Happy trading
Wyckoff accumulation entered "phase e" btc 4hFollowing on from my previous ideas, the wyckoff accumulation has entered the final phase. As shown on the chart I have indicated my predictions of the next movements using elliot waves (including 3 different degrees of waves). The primary wave 1 (Red numbers) I am expecting to finish at around 27500-28000. This will then have a correction to around the previous resistance levels indicated.
