Get started

Elliottwaveprojections

Kusama (KSM/USDT) Climbing Correctively... WATCH OUT!KSM has been channeling beautifully, unfortunately it appears to be doing it correctively. A pattern like this leans towards a higher probability of connecting to the downside, tread with caution. Two bearish divergences have printed for TP signals on the 4hr TF with the 1st one printing a hidden bull divergence thereafter signaling continuation to the upside. Ultimately our previous uptrend took place on a 4 day tf, and we ended that trend by moving into a 4 day correction on the last drop. This rally has taken us straight into bearish resistance zone on the TDI which should be presumed as a resistance standpoint. If we want to kick up higher, likely this channel will need to end and we'll set in a higher low, followed by a higher high, but currently the indicators don't fall in this direction just yet, we'll need more data to come in to see if we can shift the market sentiment in that direction. Since the previous lows have continuously been defended raised stops below them would be intelligent and alarms set to get notified when they break. As always, not financial advice. I noticed the corrective climbing pattern on KSM and wanted to share my outlook and warning. DO YOU SEE A MORE BULLISH SCENARIO THAN THE C LEG UP I'VE SHARED? SHARE YOUR OUTLOOK IN THE COMMENTS BELOW.
Short
by NewWave_Traders
9
ETHEREUM Has Turned Into A WXY and this is what it means... Welcome to NewWave Traders Here you will find that I use Elliott Wave as my main pattern identification system, however I pair it up with 3 other components to create the NewWave System that allows me to navigate the market the same way, thus providing consistency in my trading results, confidence in my execution and makes trading much more enjoyable and reliable. Follow my trade ideas and I'll be keeping them updated weekly every Monday for #BTC and #ETH and Every Friday for #Altcoins. Today's chart is on Ethereum. It was climbing impulsively, but the last leg it printed with a hard rejected made a 7 swing pattern shifting it to a wxy as the top no longer qualifies for being an expanded B wave. The rejection was hard enough to be seen as impulsive, which places high probability on it being the first wave of a larger pattern. As such, I'm looking for a larger B wave rally to show bullish strength as we can then consolidate sideways with higher probability vs. A shallow rally that gets rejected under the .618 fib retracement and the red supply block which then places more weight on the impulse down printing. As of this analysis I think the green ABC will be the one to play out, but the inflection point between the 2 counts is still a bit away and we'll know more on the retracement in the short term. See my signature below on how to connect with us further to help you with your trading.
by NewWave_Traders
1
Where Does The Index Go From HereThis is the plan based on the daily data tracking back to 1877 (my projected beginning of the Grand SuperCycle for you EW followers). Looking at a solid market top around the month of April 2022. I have charted the likely ups and downs to it. For now, looking at a near-term top around this Friday at noon which should begin a roughly 13-15 trading day drop of about 221 to 261 points. All other points are estimates for now. I plan to update this path as we move through it. Wave 3 could provide great opportunities. After April 2022 will likely see many rough months, but have no fear as all-time highs will be back....eventually.
SP:SPXLong
by StockSignaler
9
EURJPY Elliott Wave Analysis: Pullback can Provide Buying ChanceHello Traders, In this Elliott Wave analysis, we will have a look at EURJPY in the 1- hour timeframe. EURJPY short-term suggests that the decline to 126.63 on 6/19 low ended blue wave (2) pullback. Up from there, blue wave (3) remains in progress as Elliott wave impulse. The internals of red wave 1 is unfolding as a leading diagonal with sub-division of 5-3-5-3-5. Up from 126.63 low, black wave ((i)) ended in 5 waves at 128.84. Black wave ((ii)) pullback ended in 3 swings as a double three Elliott Wave structure at 127.12 low. Then rally from there ended black wave ((iii)) in another 5 waves at 129.5 high. Down from there, the pullback to 128.44 low completed black wave ((iv)) pullback as a Running Flat. Above from there, black wave ((v)) of 1 remains in progress in another 5 waves structure. The cycle looks mature but the pair can extend higher 1 more time before it completes red wave 1. Afterwards, the pair is expected to do a pullback in red wave 2 in 3, 7 or 11 swings to correct cycle from 126.63 low before further upside towards 132.30-133.63 area can be seen. We don’t like selling the proposed pullback.
Long
by Elliottwave-Forecast
1
BTCUSD - Elliott Wave Theory - UpdateI'm still learning this thing y'all. My last chart posted uses the same math, but this one makes a little more sense ( and looks a bit prettier!). With volume dropping, and clear support on the 10444 top fib line, I can see this continuing to shake and roll in this little channel. If BTCUSD decides to get it's act together, we can get a lift to the 5th extension through the red sell zone. Right now, the numbers have flattened out. I'm doing this for my own education, not as advice, and taking notes to look back on and learn from. I'm sure this will surprise me somehow! Thanks for checking in.
COINBASE:BTCUSD
by foulmouthmuggle
7