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Elliottwaveprojection

Spy continues to near its target of 570 before U.S. electionsWith the dollar trending down and the VIX at low levels, we can then continue to expect the U.S. stock market to continue to rise. And, in fact, that is what we are witnessing as we close in on the blow-off top target of the Elliot Wave theory that has resonated with my instincts for these last 2 and a half years. We are currently in wave 5 and on our way to the target I have set of SPY 570-600. There is still time and I believe we will easily get there before U.S. election shenanigans begin to unfold (see my post on the VIX). Once you start to catch wind of anomalous election news events here in the U.S., know that we are near our top. For me, it will be time to pull out.
AMEX:SPYLong
by stewdamus
Solana at a Pivotal AreaWith respect to Solana I'll say two things. First, and probably in jest, I had no idea Venezuela was important to crypto mining. lol. (reference to the news why crypto rallied yesterday). Second, I am still awaiting signs that price has the intention to follow the purple alternative path. The attached Daily chart shows there is a full count to the upside complete with alternating 2's and 4's. Granted this does not preclude price from subdividing in a manner that extends the previous trend, but in those cases, we should see clear evidence of such. As of this morning, CLEAR, would not be a word I would use to describe the current pattern. C-wave is, however the label I would so far characterise as this current pattern. However, if price can rally into the $194 area, and hold the $179 area on any retrace, and then rally for OMH towards the recent highs I can become open to price moving higher. In lieu of that sort of price action playing out I await clues that price is completing it's minor B wave.
BINANCE:SOLUSD
by maikisch
3
Bitcoin - The ATH is STILL COMING ! Here's Why👉📉 BTC-USDT with Elliot Wave Theory Analysis 📈 I've been advocating for Elliot Wave patterns this cycle since I spotted similar fractals across crypto charts. I've been following fractals on SOL, DOGE and BTC - and they have all been extremely reliable thus far. As I've discussed in previous posts, BTC normally stops at a -30% correction. That will put us HERE exactly: The good news about this, is that wen the corrective wave (Wave 3-4) is over, we can expect the final impulse wave up (Wave 4-5). We may yet still see another ATH in the near future! Remember that correction waves also consists out of smaller corrective ABC waves, as seen in the next chart. According to Elliot Wave Theory Math, our next target should be the FINAL ATH : _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:BTCUSDT
Long
by CryptoCheck-
12
Nvidia Retracement Outside of the Standard Target BoxNvidia has moved higher outside of the standard retracements expected. Due to the overlap we could be either dealing with a double zig zag for minor B which is common, or this is a series of nested 1-2's in the purple count. If this develops into the purple count, this will sub-divide towards the $1,100 region. As of this morning I am expecting in the minimum a micro iv and v to complete Minor B. That also puts price in a position to potentially challenge the previous ATH and remain a corrective retrace...that will result in price revisiting the $760 area minimum in a flat for an extended ALT wave 4 in purple. Best to all, Chris
NASDAQ:NVDA
by maikisch
Predicting Bitcoin's Cycle Using the Elliott Wave TheoryGreetings, fellow traders. In this article, we'll be reassessing our annual Elliott Wave counts and going deeper into interpreting Bitcoin's current decade cycle. I'll make sure to segment each part by drawing insights from the previous cycles, also employing the Elliott Wave Theory, and integrating major timeline events to bolster my perspective on Bitcoin's potential trajectory in the upcoming cycle. The wave theory will help neutralize many of the irrational thoughts that other analysts may have that just show straight arrows to the upside. This thesis helps you get a better understanding of where pullbacks and areas of high strength (wave 3 impulses) may occur. Remember, the wave theory will never be perfect in painting the picture, but it will help you be positioned as best as possible with proper invalidation levels. One of the most significant phenomena witnessed in the current financial market landscape is Bitcoin's adherence to a notably algorithmic parabolic trend, where cycles persist in a compounded manner in terms of percentages. This raises the crucial question: "Can we expect all past cycles to mirror the current one?" Answering this is very challenging. However, Bitcoin has one of the strongest strengths against all other coins, which is price history. Fundamentals attached, Bitcoin has been extremely resilient against major events (with wild swings), but the overall trend has remained in tact for over a decade. This indicates not only strength, but true adoption. We must discern whether the price action will evolve into something new or continue the pattern of echoing past cycles (fractals). The most effective method for interpreting Bitcoin's price movements is through the logarithmic chart that is presented in the chart above. When examining past cycles through the lens of only fractals (as that is how it has been for the past decade), the most effective approach to understanding the present cycle is by conceptualizing it as a sequence of nested '1-2' counts. In simpler terms, experiencing a succession of 1-2/1-2/1-2 patterns might lead to either optimistic expectations or impending disappointment. This ambiguity prompts consideration of an alternative bearish perspective, elaborated upon subsequently. Keep in mind, there's always room for firsts, meaning that the failure of the fractal pattern is always a possibility. Again, this idea is further explained in the bearish alternative explanation below. Bearish Alternative: For a more rational approach, the Elliott Wave Theory also suggests alternative pathways. One narrowed down scenario would be that the cycle has now matured, suggesting for a more maturing market with more complexity in corrective types (patterns). The logarithmic chart may indicate a deceleration in the macro timeframe, suggesting that Bitcoin is currently in a maturity phase. Its role as a store of value to say the least. To simply put, the corrections will be far more controlled as investors create larger distribution patterns through the timeline and create demand/sell zones. Price maturity, a concept commonly observed in stock models, implies that markets do not move linearly and eventually reach an endpoint, including in price action. Utilizing the Elliott Wave Theory, we can generate one alternative count that shows the whole cycle is now possibly in a larger 1-2 of some sort: 1. The fact that we have a possible WXYXZ corrective pattern for the 2021-2023 bear market, this may indicate this is part of something larger. Usually, you will see wave 2's have a simple ABC/WXY type patterns. 2. This speculation can then lead us to believe that we could be part of a larger corrective pattern, most likely as a flat pattern now. 3. Consequently, this insight aids in forecasting that we are entering into the new phase of 'market maturity,' or what I like to term as the "flattening of the curve theory." We could debate endlessly about the next bear market for Bitcoin, but the undeniable truth is that over the past 15 years, the market has proven its resilience against political turmoil, hacking attempts, and regulatory crackdowns. It's remarkable to realize that aside from halvings, forks, and institutional adoption, there haven't been any significant bullish events/catalysts. This speaks volumes about Bitcoin's strength. There wasn't any single groundbreaking moment or major catalyst for each bull run. Instead, it was a series of interconnected events that sustained that momentum, leaving it to us as investors to identify distribution points.
INDEX:BTCUSDEducation
by XForceGlobal
30
Nvidia Elliot Wave AnalysisNvidia on hourly candles respecting elliot impulse wave pattern for year 2024. Wave 2 was a classic 3 wave elliot correction wave pattern. This then breaks into wave 3 and is respecting a very tight channel upwards. Expecting 1000+, back to 900s, then price target of 1100+ post July. Heavy chop in wave 3 due to broader market uncertainties and pressures. This stock trades with higher volatilities than others with its market cap. Trade weeklies with caution. Good long if you're 1yr+ long or 6M+ long option calls. My personal take: Nvidia will be the world's first 10T dollar company by 2027 and will be the world's most powerful and sought after company. Their technologies will ensure continued world peace (including in taiwan) and will be an industry leader for the next quarter century. Only invest money you can afford to lose, not investment advice. Goodluck everyone. *disclaimer: I have a May 17 955C position.
NASDAQ:NVDALong
by JKOMOR
1
Caution: Expect FI (Fiserv) to Sell OffThe fundamentals are looking great for FI no denying that. However, we have a text book 4th wave triangle you can see on the chart then with a thrust into a 5th wave. We have met the measured target of Wave A of the triangle = Wave 5. It's also interested to note a lot of top insiders have been selling at these prices. Also, not shown is monthly divergence, which is expected in a 5th wave. Expect prices to move to at least below Wave 4 around $109 or lower. Once a wave A sell off happens we can project for a wave C projection before prices could move up.
NYSE:FIShort
by adriel.arrasmith
TRXUSDT | TFW Wave Analysis | Massive Bull Move +150% Price action and chart pattern trading setup: > A massive bullish wedge downtrend wave ready for bull rally + 150% upside (0.11+ USD)- strong dynamic SMA200W and wedge TRIPLE PIN BAR trendline support. > The key symmetrical resistance to breakout SMA200D and upper resistance 0.06 price if breakout successfully the next target at 0.07 and 0.09. > Indicator: both Money Flow and RSI bullish divergence in daily timeframe - strong signal for a possible upcoming reversal pattern.
Long
by dukeposh
3
DOGEUSD | ABC Wave Cup Pattern - Target Projection +120%A potential ABC - Cup pattern formation scenario TFW - current multiple falsebreak below 161.8% extension - a sideway / sideway down movement implication > RSI convergence signal supporting wave 3 status > Projecting wave 4 at rounding cup support level, possible 20 week moving average and 100% fibonacci support zone. > Targeting wave 5 at 361.8% fibonacci extension of A wave at the key liquidity resistance level + 120% profit. Always trade with affordable risk and respect your stoploss Goodluck
COINBASE:DOGEUSDLong
by dukeposh
1
ETH : Following BTC, Elliot Correction Wave $2700📉Hi Traders, Investors and Speculators of Charts📈 ETH is currently following BTC along with the rest of the crypto market into a correction wave. By following Elliot Wave Theory, we can find a target for a potential bounce zone for the current corrective pattern. Ideally, we'd want to see a successful bounce from the 50d moving averages here (green), but a wick towards the 100d (turquoise) will not be unusual: Here are my thoughts on Ethereum from a MACRO outlook, for future potential targets: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:ETHUSDT
by CryptoCheck-
3
Crypto Has Bottomed! Buy Now!I've been tracking this Elliott Wave count for some weeks now including other coins. We have an obvious 5 waves carved and RSI divergence on the daily/weekly. We now have all the characteristics of a Wave C decline with very rapid price movement declining over the weekend. The Wave 4 bottom was taken out, which can be a spot for liquidity before moving higher and also at the 0.382 Fib level. I am expecting prices to go to $34-$38 next, which will be the 1.618 fib extension of this entire 5 wave move and a previous high where I would expect liquidity to be present.
Long
by adriel.arrasmith
BTCUSDT | ABC wave target projection TFW +75-80K USDThis TFW wave analysis in this scenario of a 5 wave expanding diagonal structure: w.1 - completed Dec 2017 w.2 - declined @ 78.6% of w.1 w.3 - an impulse 5 wave @ extension 361.8% of w.1. w.4 - also @ 78.6% of w.3 ABC structure (alt count 1-2-3-4-5) overlapped w.1 zone by 10%+/-. w.5 - currently preferable ABC or 123 structure with a complex w.B/2 wave correction @ 38.2% (B wave is often complex pattern) of w.A/1. The impulse move of the current wave c.3 now extended above fibonanci 261.8% of w.a and sustaining at above level 65K USD The current price movement could be entering liquidity zone approaching the major upper trend/channel resistance and the next fibonanci wave C/3 target at 361.8% around 75-80K. Supported Indicator: weekly RSI @ 90 the highest level with convergence value - a possible higher price with a bearish divergence confirm the next move for a trend signal for reversal/decline. Bearish count scenario - daily price movement possible ABCDE triangle - minor 4-wave for a short-term correction resulted in a lower price of minor 4-wave. Always affordable risk and respect your stop.
Long
by dukeposh
Eat No Ants: Ethena outlookSOO, nowdayz good projects are rarity, but ENA is what u want to hold, I guess. Binance was very kind and generous(NO) to let us farm some tokens, and its brand new thin', we all wanna pick up. ANYWAY To be honest, I don’t like everything related to ETH and its commissions, I also associate the word ETHENA with something bad, and you will understand this if you visit their website. THAT'S WHY only speculative interest I assume a diagonal, I also indicated the zone of the maximum correction of wave 2, but I only have a Binance chart, so everything may not go according to plan at all. We are waiting for confirmations, divergences and points to build a channel
by zikkuratt
SBICARD: Technical Outlook, Breakout & Elliott waves AnalysisCurrent Zoomed view Daily MACD turned Positive Trishul Activated in RK-Brahmastra 4Hourly Breakout Elliott Wave Analysis of SBICARD (SBICARD) Overall View Zoomed View Overview: SBICARD has displayed a promising Elliott Wave setup, indicating the potential unfolding of a bullish wave cycle. Recent breakout movements, supported by strong volumes and positive divergences across multiple time frames, suggest a bullish bias. With various technical indicators signaling bullish momentum, the stock appears poised for further upside. However, it's crucial to exercise caution and implement proper risk management strategies. Detailed Analysis: Wave Cycle Completion: On the weekly chart, SBICARD seems to have completed a larger degree wave cycle, consisting of Wave ((1)) and Wave ((2)). This suggests a significant bullish trend underway. Current Wave Structure: Presently, the stock appears to be in Wave ((3)), which is typically the strongest and longest wave in Elliott Wave theory. Within Wave ((3)), we have likely completed one lower degree Wave (1) and Wave (2), indicating the initiation of a new bullish impulse. Positive Divergences and Breakout: Multi-time frame positive divergences, combined with a breakout accompanied by substantial volume, support the bullish bias. Both trend indicators and oscillators across various time frames align with the bullish sentiment, providing further confirmation. Bullish Signals: The activation of both Brahmastra and Trishul on the RK-Brahmastra indicator, along with all green signals, indicate strong bullish momentum. The current price action suggests the unfolding of Wave iii of (i) of ((i)) of 1 of (3), highlighting the potential for significant upward movement. Price Targets: If the wave counts align perfectly, SBICARD could target levels near 1050 (Equality of Wave (1)) and 1278 (1.618 Extension of Wave (1)). Strength above 790 levels could further bolster the bullish outlook. Risk Management: It's essential to note the invalidation level at 655 on the lower side. A breach of this level would indicate a potential deviation from the expected wave counts and warrant a reassessment of the bullish scenario. Traders and investors should prioritize risk management and employ appropriate stop-loss strategies to mitigate potential losses. Educational Disclaimer: This analysis is provided for educational purposes only and should not be construed as trading advice or tips. Traders should conduct their own research and consult with financial professionals before making any investment decisions. Proper risk management is crucial in trading, and investors should be aware of the inherent risks involved in the financial markets. Conclusion: SBICARD presents an intriguing Elliott Wave setup, indicating the potential for a bullish wave cycle. Positive technical signals, along with strong volume breakout movements, support the bullish bias. However, traders should exercise caution, adhere to risk management principles, and remain vigilant for any changes in the market dynamics. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SBICARDLong
by RK_Chaarts
8