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Elliottwaveretracement

BCH - Analysis - Primary Wave 1 & Wave 2 Correction - $423BITFINEX:BCHUSD is in a Primary Wave 2 Correction. BCH has completed an Elliot Wave which had TWO extensions which were the 3rd and 5th impulse waves. Look for a pull back to $423.00 then wait for confirmation that the correction has ended. (ie, Micro Wave) Correction: Flat + ZigZag Flat: A flat correction is a horizontal formation that occurs in between two impulses. Like all corrections, this corrective wave is also made up of three waves. Unlike in a zigzag where Wave A is made up of 5 sub waves, the Wave A in a flat is made up of just three waves. This by itself signals a lack of strength to correct deeply the prior impulse wave. Wave B inherits some of this characteristic and ends near the start of wave A, and unfolds in 3 sub waves (remember in a zigzag, Wave B ends some distance away from the start of Wave A). Once Wave B is completed, the ensuing Wave C unfolds in 5 sub waves, but once again, unlike wave C of a zigzag, this wave C will finish at or just beyond the terminal point of Wave A. A flat is usually found in the fourth wave position. Wave C in a flat tends to finish at the 138.2% projection of Wave A. You can safely use this as a simple and easy to remember guideline. ZigZag: This is the simplest form of correction, (A, B and C) where Wave A is made up of five waves and Wave B has 3 internal waves. Wave C is always made up of 5 waves in any correction, irrespective of the category.Waves A and B, you will compute the 100%, 138.2% and 161.8% projections. If a zigzag occurs in Wave 2 position, the maximum distance it usually travels is to the top of wave 1 of the preceding lower degree. Where is the top of Wave 1 of the preceding lower degree? $422.96 In the case of an irregular correction, however, the B wave tends to go beyond the starting point of Wave A and just when everyone is convinced that the original trend was probably back in place, the price turns around and comes down rapidly as the C wave to complete the correction. An irregular correction is frequently spotted at the end of an extended fifth wave, because an extended fifth wave is subject to what is known as double retracement. Hourly: 3HR: 6HR: Will update. -AB
COINBASE:BCHUSD
by FibMarketWatch
Tesla Elliott Wave View: Dips Expected To Remain SupportedHello Traders, TESLA short-term Elliott wave view suggests that the decline to $252.27 low ended blue wave (W). Up from there, it is correcting the cycle from 08/07 in the sequences of 3-7 or 11 swings in blue wave (X). Above from $252.27 low, the rally higher ended red wave W at 09/18 peak (303.26). The internals of that rally unfolded in a 3 waves structure as a Elliott Wave double correction. Up from $252.27 low, the initial rally to $287.60 high ended black wave ((w)) at 09/10 peak. The pullback to $273.40 low ended black wave ((x)). Then the rally higher towards $303.26 high ended black wave ((y)) of red wave W. Down from there, the pullback to $275.68 low ended red wave X. Above from there, it broke red wave W peak, confirming that the next short extension higher has started. Up from 09/18 low (275.68) it ended black wave ((w)) at 09/20 peak (306.84). The internals of that move unfolded as a ABC structure higher. Below from 09/20 peak it is currently in the progress of correcting cycle from 09/18 low in the sequences of 3-7 or 11 swings before more upside should be seen. Near-term focus should be on the equal legs extreme area of blue wave (a)-(b) towards 290.24-287.28 where a reaction higher is expected to take place as long as the pivot at 275.68 stays intact. The right side is to the upside we dont like selling it.
NASDAQ:TSLALong
by Elliottwave-Forecast
Netflix Elliott Wave View: Dips Expected To Remain SupportedGood Afternoon Traders, NFLX short-term Elliott wave analysis suggests that the pullback to $335.67 low ended blue wave (2) pullback. The internals of that pullback unfolded as a Flat correction. Where red wave B bounce ended in 3 swings at $374.09 high. Down from there, red wave C unfolded in 5 waves impulse structure. And the initial decline to $360.01 low ended black wave ((i)). Up from there, black wave ((ii)) ended at $364.50, black wave ((iii)) ended at 341.60. A bounce to $350.54 high ended black wave ((iv)). Then finally a move lower to $335.67 low ended black wave ((v)) and completed red wave C of (2). Up from there, the stock is showing higher high sequence favoring more upside within blue wave (3). Where the initial rally to $374.09 high ended black wave ((i)). The internals of that rally higher unfolded as 5 waves structure with lesser degree cycles showing sub-division of 5 waves structure in its leg higher i.e blue wave (i), (iii) & (v). Down from $374.09 high, the stock did a 3 wave pullback as zigzag correction & completed the black wave ((ii)) at $350 low. After reaching the blue box at $356.01-348.90 100%-161.8% Fibonacci extension area of blue wave (a)-(b). Above from there, the stock has made a new high above $374.09 high suggesting that next leg higher can have started. Near-term, while dips remain above black wave ((ii)) low ($350) and more importantly above $335.67 low the stock is expected to resume the upside. Alternatively, if it breaks below black wave ((ii)) low ($350) then it can be doing a Flat correction from $374.08 high still within black wave ((ii)) before resuming higher again provided the pivot at $335.67 low stays intact. We don’t like selling it and prefer more upside against $335.67 low.
NASDAQ:NFLXLong
by Elliottwave-Forecast
1
EURAUD Elliott Wave View: Trading At Equal Legs ExtremeHello Traders, EURAUD short-term Elliott wave view suggests that the rally to 1.6353 high ended blue wave (1) higher. The internals of that degree unfolded as impulse structure with lesser degree cycles showing the sub-division of 5 waves structure. Below from 1.6353 high, the pair is doing an blue wave (2) pullback in 3, 7 or 11 swings before upside renew. We don’t like selling the pair as the right side tag favoring more upside. Down from 1.6353, the pair is doing a 3 wave pullback with lesser degree cycles showing the sub-division of 5-3-5 structure thus favored it to be doing a zigzag correction. The initial decline to 1.6282 low ended black wave ((i)), black wave ((ii)) bounce ended at 1.6339. Black wave ((iii)) ended at 1.6152 & Black wave ((iv)) ended at 1.6192 high. Then finally a move lower to 1.6136 low ended black wave ((v)) & also the red wave A. Up from there, the bounce to 1.6332 high ended red wave B bounce in lesser degree zigzag correction where black wave ((a)) ended at 1.6285. Black wave ((b)) ended at 1.6226 and Black wave ((c)) of B 1.6332 high. Currently, it is trading at the equal legs extreme area (blue box) of red A-B and soon it should end blue wave (2) pullback. Afterwards, the pair is expected to find buyers looking for new highs or for 3 wave bounce at least. We dont like selling it and the right side is to the upside as long as pivot at 1.59692 stays intact.
Long
by Elliottwave-Forecast
EURJPY Elliott Wave Analysis: More Upside Has StartedHello Traders, EURJPY short-term Elliott wave analysis suggests that the rally to 130.85 high ended red wave A of a Zigzag structure. The internals of that rally higher unfolded in 5 waves impulse structure. Down from there, the pullback to 127.83 low ended red wave B pullback. The internals of that pullback unfolded as double three structure with the sub-division of 3-3-3 swings in Minute wave ((w))-((x))-((y)). Below from 130.85 high, the initial decline to 128.54 low ended black wave ((w)) in lesser degree zigzag structure. Up from there, the bounce to 129.97 high ended black wave ((x)) bounce as double three structure. Then finally, a decline towards 127.83 ended black wave ((y)) & also completed the red wave B pullback. Up from there, the pair has managed to make a new high above 130.85 creating a cycle from 8/15 low (124.91) incomplete to the upside & also confirms the red wave C. Near-term, while dips remain above 127.83 low pair is expected to see more upside. The 100%-123.6% Fibonacci extension area of red A-B comes at 133.76-135.18 to the upside. We don’t like selling it as the right side & sequence tag is suggesting more upside, therefore, expect buyers to appear in 3, 7 or 11 swings against 127.83 low.
Long
by Elliottwave-Forecast
1
BTCUSD Bull Run? Elliot Wave & Schiff Pitchfork 2014 & 2018Intro: Light at the end of the accumulation tunnel. Why a BULL Run is possible when comparing 2014 & 2018 Elliot Wave ABC Corrections and Schiff Pitchforks: 1) W correction is about a 70% price drop in both 2014 & 2018. 2) Both Y corrections extend to the 0.786 Fib Level. 3) A correction retraces to mean in the Pitchfork. 4) B correction extends to about the 1.5 Pitchfork line. 5) C correction retests the 0.5 Pitchfork line. 6) Current correction has touched the WARNING line (2.0 Pitchfork extension in a red dash line) and found support back in the 1.5 Pitchfork line. Disclaimer: This is not advice but any trade entries at this point carry low risk and high reward if 2014 correction were to repeat itself. Support: Comment & like if you agree or disagree. This is a learning community and feedback is always welcomed for my own learning curve.
BITSTAMP:BTCUSDLong
by tvlester
US 30 in Complex ABC Correction WaveThis is a complex ABC correction coming off the August highs. Did not quite get to the Gartley Fibo at 26268, but within 100 pts of it for Fibo 1.55 will have to do. There is a clear corrective 5 wave impulse evident in the A down leg, which is an organized, complex actionary impulse (labeled 1-2-3-4-5). This is not like the WXY pattern we saw in early August, it's true corrective trend actionary impulse and will likely carry index to significantly lower levels. This represents early technical breakdown. We are near the end of countertrend reactionary B wave, which challenged Fibo 0.786 and then again came up to 0.618 before falling back. This is a bull trap reaction wave. Most recently, thanks to the Donald, a third rally attempt Friday to reclaim the highs was crushed. Thanks be to Trumptweets! Given the constant tweeting, ongoing trade uncertainty and most importantly, cash outflows from mutual funds as parents return from vacation and withdraw assets to pay for prep schools and new cars for their college kids, it seems unlikely the markets will rally high enough to challenge the August low-volume highs. It's no secret; people take their money out of the markets in September because they want to spend it. Real simple- seasonality. And what better time to cash out than at the alltime high?! 'A' wave carried Dow -362; B retraced 224 pts at Fibo 0.618; C will be rough, at least as deep as A length, quite possibly 1.618xA = -586, as low as index 25,335 (target zone). Look for a weak rally attempt early in the week of 10 Sep; before tweet Friday a rally was starting up and it is likely the bulls will try again once more. Look for H&S and ascending wedges as the market struggles to regain higher price levels to enter shorts. Short entry above 26000 will likely be profitable. As always, I post these opinions purely for speculative amusement and education, this does not in any way constitute investment advice; trade at your own risk! Good luck!
DJ:DJIShort
by DaddySawbucks
2
GBPUSD Elliott Wave Analysis: Calling Further UpsideGBPUSD short-term Elliott Wave analysis suggests that the rally from 8/15/2018 low at 1.2660 to 1.3042 high ended red wave 1. The internals of that rally higher took place in 3 wave corrective sequence i.e double three thus suggesting that the pair can be doing a Leading diagonal structure. Up from 1.2660 low, the initial rally to 1.2935 high ended black wave ((w)) of 1. Black wave ((x)) of 1 pullback ended at 1.2798 low. Black wave ((y)) of 1 ended as a zigzag structure at 1.3042 high. Down from there, the pullback to 1.2785 low ended red wave 2 pullback as a Flat structure where black wave ((a)) ended at 1.2959 low. Black wave ((b)) bounce ended at 1.3006 high and black wave ((c)) of 2 ended at 1.2785 low. Above from there, the pair has managed to make a new high above 1.3042 peak confirming the next extension higher in red wave 3. Near-term, while dips remain above 1.2785 low, any dip is expected to remain supported in 3, 7 or 11 swings for further upside towards 1.3162-1.3252, which is the 100%-123.6% Fibonacci extension area of red wave 1-2 to complete red wave 3. Afterwards, the pair is expected to do a pullback in red wave 4 before further upside is seen. We don’t like selling the pair and prefer more upside against 1.2785 low in the first degree.
Long
by Elliottwave-Forecast
AUDUSD Elliott Wave View: Downside Pressure RemainsHello Traders, AUDUSD ended the cycle from 08/21/18 peak (0.7383) at the low of 09/03/18 (0.7166) in black wave ((w)). The internals of that move unfolded as an Elliott Wave ZigZag structure, which it ended blue wave (a) at 08/23/18 low (0.7238), blue wave (b) pullback at 08/28/18 peak (0.7363). From there it ended blue wave (c) of black wave ((w)) at 09/03/18 low (0.71667). Up from there, it ended black wave ((x)) pullback at 09/06/18 peak (0.72106). The internals of the pullback unfolded as an Elliott Wave triangle structure. As long as pullbacks stay below 0.72106 we expect AUDUSD to extend lower towards the equal legs extreme area of 0.6993-0.6942 from black wave ((w))-((x)) before a reaction higher can be seen. Due to the right side tag, the right side remains to the downside we don’t like buying it.
Short
by Elliottwave-Forecast
BTCUSD: Elliot Wave 2014 vs 2018, The Case for the Bulls!!!Intro: By now you should be sick of the 2014 vs 2018 BTC comparisons BUT there are uncanny parallels between these two corrections regarding their ABC corrections and the Fibonacci Extensions. Here's what I'm seeing: 1) Three Lower Lows in 2014 and 2018 create our A correction (Zig-Zag Pattern). 2) The A correction DROPS about 70% in both 2014 and 2018. 3) Both C waves have a 0.786 Fibonacci extension. 4) A symmetrical triangle formation develops after the ABC correction to the downside. 5) An ABC correction forms to the upside. 6) The C Correction to the upside COULD reach the 1.618 in 2018 just like it did in 2014. What Invalidates this analysis? A drop below the 2018 low ($5774.72 on Bitstamp). Disclaimer: This is not advice. Entering a trade at this moment presents a massive reward and a low risk if the C wave extends to 1.618 Fib number and we hold the 2018 low. Even better, reaching the 1.618 fib extension means higher highs and a confirmation of a reversal. Please comment and like: This is a learning community and your comments or questions make a difference. BITSTAMP:BTCUSD Take a look at my Gann Fan Analysis:
BITSTAMP:BTCUSDLong
by tvlester
Netflix Elliott Wave View: Pullbacks Should Remain SupportedHello Traders, NFLX short-term Elliott wave view suggests that the decline to $310.84 low ended red wave “IV” pullback. Up from there, red wave “V” can have started but a break above $423.21 6/21/2018 high remains to be seen for final confirmation. Above from $310.84 low, the rally higher $376.81 high ended blue wave (1). The internals of that rally unfolded in 5 waves impulse structure with the sub-division of 5 waves structure in lesser degree cycles in red wave 1, 3 & 5. Up from $310.84 low, the initial rally to $341.50 high red Minor 1 in lesser degree 5 waves. The pullback to $334.30 low ended red wave 2. Then the rally higher towards $374.49 high ended red wave 3 in lesser degree 5 waves structure. Down from there, the pullback to $363.54 low ended red wave 4. Finally, a rally higher to $376.81 high ended red wave 5 & also completed blue wave (1). Currently, the stock is doing a pullback in blue wave (2) & expected to unfold in lesser degree Zigzag correction before the rally resumes again provided the pivot at $310.84 low stays intact. We don’t like selling it and prefer more upside against $310.84 low.
NASDAQ:NFLXLong
by Elliottwave-Forecast
WILL BCH MAKE IT ALL 5 WAVES? Hey Everyone, BCH has survived the stress test with flying colours! Nice to see the transactions flying through... So what next for BCH? There are 2 distinct pathways right now, we are currently sitting at the C wave end, and if this is the pattern then we will retest the last bottom in the next few days. If we are in a 5 wave impulse, we should continue to climb higher! So if you are trading BCH be very aware of the 2 patterns and trade carefully :) REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
B
by LisaNEdwards
1
ETHEREUM CLASSIC - WILL IT FOLLOW BTC IF IT RISES? Hey Everyone, The million dollar question right now is, will ETC and other ALTs follow BTC if it rises right now? We are starting to slowly see slight differences in the patterns over the past few months with ALTs declining and BTC increasing with both dominance and price. So if all the money pours into BTC where does that leave the ALTs? Not in a good position in my opinion. BUT in the past week we have seen 20 billion dollars flow into the market and BTC dominance remain steady and the popcorn symphony of the ALTCoins popping has made the market happy, it is a nice place to be when everything is green... it is like Spring in Melbourne when the frost subsides and the new buds begin to blossom... So watch the patterns here, there is a few different possible pathways in the near and not too distant future. REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
BITFINEX:ETCUSD
by LisaNEdwards
3
EURJPY Elliott Wave View: Ended 5 Waves AdvanceHello Traders, EURJPY short-term Elliott wave view suggests that the decline to 124.87 low ended blue wave (2) pullback of a leading diagonal structure from 5/29/2018 cycle. Above from there, the rally higher is taking place as Elliott wave zigzag structure within blue wave (3) of a diagonal. In a zigzag ABC structure, lesser degree cycles should show sub-division of 5-3-5 structure i.e Red wave A unfolds in 5 waves either impulse or a leading diagonal, red wave B unfolds in 3 swings corrective structure. Whereas red wave C unfolds in another 5 waves structure either impulse or Ending diagonal structure. In EURJPY’s case, the rally higher from 124.87 low unfolded as 5 waves impulse structure in red wave A. Up from 124.87 the rally higher to 126.49 high ended black wave ((i)) in 5 waves structure. Down from there the pullback to 125.55 low ended black wave ((ii)) pullback. A rally higher from there to 130.275 high ended black wave ((iii)) with another lesser degree 5 waves structure. Below from there, a pullback to 129.55 low ended black wave ((iv)). Finally, a rally to 130.86 high ended black wave ((v)) & also completed red wave A. Currently red wave B pullback remains in progress in the sequences of 3, 7 or 11 swings to correct the cycle from 124.87 low before the rally resumes, provided the pivot in our distribution system at 124.87 low stays intact. We don’t like selling it.
by Elliottwave-Forecast
TRX - TWO PATTERNS - ONE DIRECTIONHey Everyone, quick update here for TRX (TRON) this could be one of two patterns forming and it all depends on the retrace. Right now it is very possible TRX is forming a BULL FLAG to head higher and finish the 5th wave. If we retrace deeper than the yellow dashed line then we are in the 5th wave and still finishing the 5 waves down. And we only know if the yellow dashed line holds. Trading is about being adaptable, being able to change your perspective and go with the flow, there is no one direction, like life... there is many different pathways, and being adaptable is where you win. REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
BITFINEX:TRXUSD
by LisaNEdwards
5
ADA - PATTERN CLEAR ON RETRACE Hey Everyone, I hope you are having a good day trading? Everything is clear- in hindsight. It seems we have the biggest revelations once we can look back and see what we have done... and this is not any different in trading, we know the pattern on retrace. It's currently confusing to know right now direction (even for a long term trader) and whether or not the bottom is in. If I compare ALT charts to BTC I would say with conviction that we still have a 5th wave lower to go. But again BTC will only reveal it's pattern on retrace. Looking at ADA here the 5 wave is currently looking more probable, except for the last rejection wick. So, like all other charts I am seeing right now, we will know more once we retrace and then a decision can be made as to direction. So keep your trading right now flexible, you need to be reactive and adaptable in this market as nothing is fixed. REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
by LisaNEdwards
3
S&P500: Extending Higher As An ImpulseHello Traders, S&P500 short-term Elliott wave view suggests that the decline to $2803.34 low ended red wave 4 pullback. The internals of that pullback unfolded as Elliott wave zigzag correction. The lesser degree black wave ((a)) ended in 5 waves at $2820.5 low. Then the bounce to $2843.50 high ended black wave ((b)) bounce as a Flat correction. Down from there, the index completed the black wave ((c)) in another 5 waves at $2803.34 low. Up from there, the rally higher is taking place as impulse structure with lesser degree cycles showing sub-division of 5 waves structure in each leg higher. It’s also important to note here that index is already into new all-time highs & both the sequence & right side tags are calling index for more upside. Above from $2803.34 low, the black wave ((i)) ended in lesser degree 5 waves structure at $2874 high. The pullback to $2846.25 low ended black wave ((ii)). A rally from there unfolding in another 5 waves structure within black wave ((iii)) with lesser degree cycles in blue wave (i), (iii) & (v) expected to unfold in 5 waves structure. We don’t like selling the index and expect buyers to appear in 3-7 or 11 swings against $2803.34 low in the first degree.
SP:SPXLong
by Elliottwave-Forecast
IYR Elliott Wave Analysis: Tracking Recent Price ActionHello Traders, IYR ended the cycle from 03/23/18 (72.71) low at the peak of 07/06/18 (82.20) in blue wave (3). Below from there, the ETF ended the correction from 07/06/18 (82.20) peak in blue wave (4) at 79.23 low. Up from there, the ETF ended the cycle from 07/25/18 low in red wave W at 08/20/18 (83.62) peak. The internals of that move unfolded as a Elliott Wave double correction where it ended black wave ((w)) at 08/06/18 peak (82.46), black wave ((x)) pullback at 08/13/18 low (80.55) and finally black wave ((y)) of red wave W at 08/20/18 peak (83.60). The ETF is currently in the progress of correcting the cycle from 07/25/18 low (79.23) in 3-7 or 11 swings in red wave X. Near-term focus remains towards 81.74-81.48, which is 100%-123.6% Fibonacci extension area of black wave ((a))-((b)) to end black wave ((c)) of red wave X pullback. Afterwards, the ETF is expected to find buyers for red wave X higher ideally or should do a 3 waves reaction higher at least. We don’t like selling it into a proposed pullback as the right side remains to the upside.
AMEX:IYRLong
by Elliottwave-Forecast