Get started

Elliottwaveretracement

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
EURUSD Elliott Wave Analysis: More Weakness ExpectedHello Traders, EURUSD short-term Elliott Wave analysis suggests that the bounce to 1.1747 high ended red wave 2. Down from there, red wave 3 ended at 1.1299 low. The internals of that decline unfolded as impulse structure with lesser degree cycles are showing sub-division of 5 waves structure lower in it’s each leg lower i.e Black wave ((i)), ((iii)) & ((v)). While the sub-division in Black wave ((ii)) & ((iv)) unfolded in 3 wave corrective sequence. Down from 1.1747 high, the initial decline to 1.1529 low ended black wave ((i)) in 5 waves structure. The bounce to 1.1627 high ended black wave ((ii)). Below from there, the decline to 1.1364 low unfolded in 5 waves structure & ended black wave ((iii)). Up from there, the 3 wave bounce to 1.1431 high ended black wave ((iv)). Then the decline to 1.1299 low ended black wave ((v)) & also completed the red wave 3 lower. Above from there, red wave 4 bounce remains in progress in 7 or 11 swings for the correction of 1.1747 high before further downside is seen provided the pivot at 1.1747 high stays intact. We don’t like buying the pair and prefer more downside against 1.1747 high in the first degree.
Short
by Elliottwave-Forecast
2
AUDUSD Elliott Wave View: More Downside Is ExpectedHello Traders, AUDUSD short-term Elliott wave view suggests that the bounce to 0.7455 high ended blue wave (B). Down from there, the pair has broken to new lows confirming the blue wave (C) lower. The internals of the decline is unfolding as impulse where red wave 1, 3 & 5 are expected to unfold in 5 waves structure. While red wave 2 & 4 can be can be any 3 waves corrective pattern i.e either double, triple three etc. Down from 0.7455 high, red wave 1 is proposed complete at 0.7201 low. The internals of that decline showing sub-division of 5 waves structure in lesser degree cycles. Where black wave ((i)) ended in 5 waves structure at 0.7431. The black wave ((ii)) bounce ended at 0.7445. Then black wave ((iii)) ended at 0.7249 low in lesser degree 5 waves structure. Up from there, the bounce to 0.7299 high ended black wave ((iv)). Below from there, the decline to 0.7201 low ended black wave ((v)) in lesser degree 5 waves structure and also completed red wave 1. Above from there, the pair is doing a red wave 2 recovery & expected to fail in 3, 7 or 11 swings as far as a pivot at 0.7455 high stays intact for further downside. We don’t like buying the pair & prefer more downside against 0.7455 high.
Short
by Elliottwave-Forecast
GBPUSD Elliott Wave View: Calling For More DownsideHello Traders, In this short-term analysis, we will have a look GBPUSD. Short-term Elliott wave view suggests that the rally to 1.3217 high ended red wave 2 bounce. Down from there, red wave 3 was taking place as impulse structure with lesser degree cycles are showing sub-division of 5 waves structure lower in it’s each leg lower i.e black wave ((i)), (( iii 0.00% )) & ((v)). While the sub-division in black wave ((ii)) & ((iv)) unfolded in 3 wave corrective sequence. Down from 1.3215 high, the initial decline to 1.3081 low ended black wave ((i)) in 5 waves. Up from there, the bounce to 1.3172 high ended black wave ((ii)) in 3 swings as Elliott wave zigzag . Below from there, the decline to 1.2722 low unfolded in 5 waves & ended black wave ((iii)). Above from there, the bounce to 1.2826 high ended black wave ((iv)) in 3 swings as zigzag . The current view is suggesting that it ended black wave ((v)) of red wave 3 and the pair is expected to do now a red wave 4 bounce in 3, 7 or 11 swings before further downside is seen. We don’t like buying it and prefer more downside against 1.3217 high in the first degree.
Short
by Elliottwave-Forecast
DAX Elliott Wave Analysis: Bounce Can Be TemporaryHello Traders, In this short-term analysis, we will have a look at the German DAX Index. DAX short-term Elliott wave analysis suggests that the rally to 12882.05 high ended red wave X bounce. The internals of that bounce unfolded as Elliott wave double three structure where black wave ((w)) ended at 12640.87. Black wave ((x)) ended at 12468.68 and black wave ((y)) of red X ended at 12882.05 high. Down from there, DAX is currently suggesting that it is unfolding as a potential 5 waves structure. Where blue wave (i) ended at 02/08/18 low (12491.53), blue wave (ii) pullback at 07/08/18 peak (12740.66), and blue wave (iii) at 08/13/18 low (12321.45). Currently, it is in the progress of making a pullback in blue wave (iv) before extending 1 more leg lower in blue wave (v) before a 3 waves bounce higher can be seen. We don’t like selling it.
XETR:DAX
by Elliottwave-Forecast
XLK Elliott Wave Analysis Suggesting More UpsideHello Traders, In this Elliott Wave analysis, we will have a look at the Technology ETF. The ETF ended the cycle from 06/28/18 low in red wave 1 at the peak of 07/25/18 (74.26). The internals of red wave 1 unfolded as a 5 wave Elliott Wave impulsive structure. Where black wave ((i)) ended at 06/29/18 peak (70.08), black wave ((ii)) pullback at 07/02/18 (68.73). Followed by an extended black wave ((iii)), where the internals also unfolded in a 5 waves structure. Black wave ((iii)) ended at 07/13/2018 peak (72.72) and black wave ((iv)) pullback at 07/16/2018 (71.68) followed by black wave ((v)) of red wave 1 which ended at 07/25/18 peak (74.24). Below from that peak, the correction in red wave 2 ended at 07/30/18 low (70.30). The internals of red wave 2 unfolded as Elliott Wave Flat structure where it ended black wave ((a)) at 07/26/18 low (72.68), black wave ((b)) pullback at 07/26/18 peak (73.35) and black wave ((c)) of red wave 2 at 07/30/18 low (70.30). Up from there, it ended the cycle from 07/30/18 low at the peak of 08/09/18 (73.91) in black wave ((i)). Below from there, it is currently in the progress of correcting the cycle from 07/30/18 low in 3-7 or 11 swings before moving higher again. Near-term focus will be on the 100%-123.60% equal legs extreme area of 72.45-72.15 from 08/09/18 peak where we expect a reaction higher for new highs or at least a 3 wave’s bounce. We don’t like selling it and prefer more upside as long as the pivot at 68.28 low in our distribution system stays intact.
AMEX:XLKLong
by Elliottwave-Forecast