Elliott Wave Theory RulesHello guys :)
The Elliott wave theory has 3 rules.
Follow me for more tutorial.
Cheers :)
Elliottwaveretracement
ZIGZAG CORRECTION IN GOLDAs recently GOLD (XAUUSD) was rising, we have recognized the completion of the five waves up followed by lower degree five waves down. REMEBER: Five wave move against the major trend indicates the beginning of correction, specifically ZIGZAG CORRECTION. Therefore, we expect ABC zigzag correction that later will be followed by continuation of the trend to the upside.
The same movement is expected to take place in SILVER (XAGUSD), therefore you can capitalize your self through this positive correlation.
WHAT ARE YOUR OBSERVATIONS ON THIS, PUT THEM IN COMMNET SECTION.
Bearish short-term scenario doing great so far!This correction wave has worked out perfectly so far. Fibonacci levels are on point and all sub-waves are found on the chart.
As long as Bitcoin does not break above 51,700, this scenario could lead us to the EMA 21 on the weekly chart; this is something Bitcoin has previously done, so I believe there's actually a high chance for that to happen.
Then I must say: if this keeps going well, grab your popcorn and get ready for the show, because a MASSIVE breakout is likely after that!
XRP (Ripple) Working on a Riptide Down to .40!Be aware of entering new longs in this area as we seem to be in yet another Leading Diagonal formation. The first 5 Waves are already in, but calculating the current zig zag target doesn’t give price structure the precise drop that it needs. I’m anticipating a double zig zag correction to really shake out early/over leveraged bulls. Big buyers coming in at .40. Word to ya momma.
Price targets for Wave up from 11k.NOT a professional, just a person who loves TA and is very very good at pattern recognition. Do your own due diligence and make your own decisions. This post is only for speculative/educational purposes. Consult a professional if needed. Good luck trading!
If this post saved or made you money, please consider tipping and/or commenting as I lost a decent amount trying to trade this before I realized what was happening. I have another published idea which further explains things.
-Wave is doing a large correction (prediction made 12am Feb 21) to 39500
- Wave 5 of higher Wave 3 is ending Diagonal, causing deep correction to 39600 (top of wave 1, it will finish below that if entire large wave is leading wave)
- Predicting entire leg up from 11k is a leading diagonal.
- Complete wave prediction: 77240 (could be less entire large wave IS a leading wave, as wave 4 will finish inside wave 2 area. Add 19700 to end of wave 4 to find wave 5.
-Wave 5 will extend past wave 3 guaranteed.
-Wave 3 was 68% of wave 1, applied same % to wave 3 to predict wave 5 (don't know if there are known numbers for this.
AAVE 530 resistance DailyWhat are your thoughts? Are we seeing the closing in on a bearish pennant and an Elliot wave correction? Will we be looking to go short later this week or next week?
Which way now?well if we close above 35944 then looking like the Dump is over but if we close below 35825 then we open SHORT
DXY vs EUR/USD : Expressed by Elltiott Wave Structure 💡It is known that the Dollar and the Euro are inversely correlated, but What we found here is the Elliott Wave Structure that is respected by both currencies but in inverse way.
If We look on the graphs we can see that the Euro is moving downward, however the DXY is rallying to smash previous highs.
According to Elliott Wave Theory, Both currencies are in Wave C, which is the last wave in the cycle.
Let's see in the next few days if the EUR/USD will reach the 1.1924 level and the DXY test the 92.13 mark.
-------------------------------------------------------------------------------------
Please press “Like” if you appreciate the trading idea 👍
“Follow” for more trading ideas in the future 👀
“Comment” below to share your thoughts with us and other traders 👥
-------------------------------------------------------------------------------------
Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
USD/TRY (Elliott wave zigzag correction)Perfect Elliott wave zigzag(5-3-5) correction pattern on usd/try . now we can expect impulse move.
see my previous ideas on usd/try
1st idea
2nd idea
3rd idea
Cable is looking appetizing!!!!! So many degrees! this is an investors trade
A completion of the wave 4 should signal a huge sell off in this pair. I don't want to miss out so ill be setting up bombs on the 0.618 of the bigger structure
long On BTCUSD My target on BTC is based on macros which are not on here but I wanted to show Elliot wave correction and Impulse wave to my students. We are in wave 4 now and could see a correction as low as 27066 and still hold true that this is an Elliot 12345 Wave on the 1H
A discount or ?Still Bias on A Rally in GOLD
Looks like a zig zag forming giving more buy opportunities
$50 GIVEAWAY IF YOU CAN GUESS THIS PRICE TARGETWelcome everyone,
My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life.
Alright...
So lets talk about the excitement..
Drop a comment below on your price projection for DASH/USD by 12/27/20
The trader closest will get rewarded the $50 giveaway!
Don't forget to check out the SUSHI count that highlights one of the most profitable assets of 2021.
AUDCAD |Elliot Wave SetupAUDCAD has completed an impulsive move and now the retracement move will start.
To learn more visit forexbee on google
TSLA POTENTIAL UPCOMING SHORTNever traded stock.
First go round at analyzing a chart.
Based on the technicals, I see a rise so that price can reach the D extension and then a potential retracement to the first level of support. Price could retrace past that point.
What are your thoughts?
$PSEI Lazy ForecastParabolic SAR on the Monthly chart says we're bullish, the question is for how long can it sustain?
XAUUSDHELLO Traders here is a full forecast of GOLD aka XAUUSD for a long term bullish . Trade based on price Actions indicated on the charts. Let me know your forecast ideas in the comments section based on your stratergy so we can learn each other.
ABC Correction started for the EWT on AluminiumMCX Aluminium has started falling due to Elliott Wave's ABC correction. Expected A is at 100% or 161% retracement of wave 5.
Therefore, it can start rising from here to the level of 164.4 . The day traders can have the advantage of this impulsive ride of B .
According to ABC correction, we may see the Aluminium prices below 161.6 - 159.4 before the weekend.
