Ideal Elliott Wave Retracement
Ideal Retracement
The retracement started with Wave A, then Wave B and C
The Wave B will be 61.8% of Wave A
The Wave C shall casually about Wave A, more importantly it shall squeeze below point A (which is also around lower zone of Wave 4)
The entry point shall be on the candle to bullish signal.
Target to challenge previous swing high of Wave 5.
May the Dip be with you !
Elliottwaveretracement
SPY: Sell Zone is 480-490. New ATH by MayAs we expected, SPY completed its 4th wave and tagged the .382 fibonacci retracement of the 3rd wave. Now, SPY will begin a multi-week rally that will take price to the $480-490 level by approximately the beginning of May. Then you will want to "Sell in May and go away" because SPY should then retest the $430 level for support. Still on track for $550 by Q4 22 or Q1 23.
Elliott Wave AnalysisAs you can see the wave 2 just got completed, what do you guys think the next move? For me it will go to the moon the market is still bullish but the price action is bearish. Lets wait for confirmation to go long. Always use risk management when trading, do not fomo, do not be greedy and happy Trading everyone
QQQ: Sell Zone is 381-387QQQ is finishing up its 4th wave pullback, and should begin to rally towards my target zone of the 2.382 - 2.618 fibonacci extensions, which corresponds to a price target of about 381-387 for Wave 5. After that, QQQ should have a larger degree 2nd wave pullback to about the 330-340 region, so you will have plenty of time to add to your position in the coming month or two.
MSFT: Sell Zone is 325-330MSFT is finishing up its 4th wave pullback. Mega caps don't typically experience deep retracements, so the .382 retracement is the perfect buying zone. In the next day or two MSFT will resume its uptrend to complete its 5th wave up to the $325-$330 region. After that, MSFT will experience a 2nd wave pullback to approximately today's levels.
NVDA: Sell Zone is 310-320As expected, NVDA is completing its 4th wave pullback. It should begin its uptrend in the next day or two. Upside target zone for W-5 is around the 3.382 extension, which is about $310-320. After that, NVDA will have another deep pullback to about today's levels, so there will be plenty of opportunity to add if you do not currently have funds available. I will be selling CCs against my shares once we reach the 310 region. Always stay patient and never stay married to an idea if price begins to tell a different story.
THE BIG PUMP IS COMING!As you can see we are coming to WAVE 2 at 42000 - 41000 ( 1Day Timeframe) base on my Elliott wave analysis. Once its completed dont buy long immediately, always wait for a choch "Change of Character" inside of little timeframe ( 5mins to 30mins ).
This is just my analysis, always trade at your own risk.
BTCUSD Symmetric TriangleLooks to me like BTCUSD is in a symmetric triangle pattern, which tends to follow the current trend (which has been down) before continuing onward. There is a possibility of reversal, but symmetric triangles typically continue the current trend. If this were an ascending right triangle, I'd see it as more bullish. If it were a descending right triangle, more bearish.
I'm going to wait and see if it can hold above the triangle for a couple days, and then maybe open some positions on it, or wait for it to reject the trend and fib resistance points and continue down.
My opinion is that it is likely to continue downward, and this is a Wyckoff redistribution phase. There's a chance it is a consolidation for an upcoming reversal, but I'm personally bearish.
The SSE Composite Index is an index- Shanghai Stock ExchangeThe SSE Composite Index is an index of all companies trading on the Shanghai Stock Exchange in categories A and B. On a large timeframe, the price has now soared high with strong momentum support. Volatility has shrunk to the downside. From a technical analysis perspective, this pattern is a flat that has unfolded in a 3-3-5 structure. (normally labeled ABC) wave C of this pattern traveled to 1.886 fib level and afterward, the bulls are now in the camp. I'm expecting the price to continue up move for the days to come. buying at CMP with a protective stop at 3146.66
Elliott Wave Sequence Continued BTC 03052022 Accumulation ZoneDetailed in prior ideas, now that we have completed our ABC correction to the upside we can expect a 5 wave move to the downside, to our accumulation zone below $30,000. This is in line with the extended bull run model shared before and will likely be followed by a continued uptrend after months.
Bitcoin Elliott wave projection BTCUSD is about to accomplish the sub-wave C of the corrective wave ((4)).
Wave ((4)) is forming a running flat pattern, where wave B has exceeded the origin point of wave A.
But due to lack of bear power, wave C is too weak to break the ending point of wave A.
It Indicates bulls are strong at the movement.
But, the price can still break wave A to complete the expanded flat correction, if the price breaks the recent low of 33950.
Price has retreated from 50 % at 34244 , and we have seen a price surge.
I will upload further information soon.
Weekly chart:
The bullish scenario since January 24th is still in playIf we don't don't loose these levels we are now means wave 4 are not really below the 1 (Just a spike on higher timeframe), so the bullish counting is still valid and the last ABC pattern of wave 4 macro was already finished back in January 24th. If not, we still need another wave down (See my previous TA).
ABC Flat, wave 4 macro finished?I'm still having this possible scenario. The bullish structure of the new impulse upwards from January 24th is only valid if we don't go below these levels we are now. Losing them will send us at least to those low levels again to finish the 5th wave down of the ABC the correction.
NZDCHF : bullish outlookHello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it!
NZDCHF :
Possible Elliot counts are shown on the chart.
we can see two patterns:
1: the bigger ABC pattern.
2: the C arm of the ABC pattern includes 5 waves and the price reached the end of wave 5.
price:
the price reached a PRZ zone for the wave 5 and the end of ABC pattern.
Nifty 10 Jan 22 Elliott Wave AnalysisThis is Nifty 1 Hr chart ,now we are running for 5th wave of correction which is subwave of A in Zigzag pattern ABC . Post completing the 4rth wave Nifty is moving down for 5Th wave so our tgt should be in down side and we must no go for Up of long . Here are few Levels .
17700
17550
17400
Happy trading .
Correction wave on Total Crypto Market Capacity.After past month's Bearish Momentum, we can see Bulls trying to regain their spot.
As Elliot wave Analysis shows:
- Wave A starting from 2.87Trillion on 10 Nov. and ending at 1.93 trillion on 3 Dec.
- Wave B is in Progress in which we could see sub wave a and sub wave b Being terminated (ended) , and we are in progress of sub wave c (last sub wave of wave B) .
Sub wave C target is 2.56T area and 2.74T area.
If My Analysis is right, we could see a rejection at such levels area, which coincides with 61.8% and 78.6% Fibonacci levels of Impulsive Wave A
- Wave C (Last wave of correction) once it starts to progress, could find its target at 1.53Trillion level area, just before we start a new Bull cycle on Cypto Currencies where we would see ultimate new highs On BTC, Eth, etc...
ELLIOTT WAVES and REAL CHART RUNE ANALYSISElliott Wave Theory Interpretation
The Elliott Wave Theory is interpreted as follows:
Five waves move in the direction of the main trend, followed by three waves in a correction (totaling a 5-3 move). This 5-3 move then becomes two subdivisions of the next higher wave move.
The underlying 5-3 pattern remains constant, though the time span of each wave may vary.
Let's have a look at the following chart made up of eight waves (five net up and three net down) labeled 1, 2, 3, 4, 5, A, B, and C.
Waves 1, 2, 3, 4 and 5 form an impulse, and waves A, B and C form a correction. The five-wave impulse, in turn, forms wave 1 at the next-largest degree, and the three-wave correction forms wave 2 at the next-largest degree.
The corrective wave normally has three distinct price movements – two in the direction of the main correction (A and C) and one against it (B). Waves 2 and 4 in the above picture are corrections. These waves typically have the following structure:
Wave Degrees
Elliott identified nine degrees of waves, which he labeled as follows, from largest to smallest:
[
*]Grand Super Cycle
Super Cycle
Cycle
Primary
Intermediate
Minor
Minute
Minuette
Sub-Minuette