EW on EURUSDPreferbably Short against Long Until TP LINE..
If You Like please show some support so ill continue providing analysis
Elliotwavecount
S&P 500: Potential Nine Percent Decline SetupS&P 500 decline in a five-wave contracting pattern knows as leading diagonal from its all-time high. It's labelled i-ii-iii-iv-v in wave (a).
According to Elliot Wave theory, a three-wave correction follows every impulse move, that's the subsequent a-b-c zigzag move in SPX. The correction retraced more than 80% of the impulse, retested the upper boundary of the channel + daily demand zone.
Price is expected to resumed in the direction of the major impulse after a correction. The decline in wave (c) has the potential to take wave (a) low and beyond.
I will look for the break out of the parallel channel and green line for a conservative short entry while the red line is my short-term invalidation zone.
What's your view on S&P 500? Let me know in the comment.
Thanks,
Veejahbee.
Where will Gold Be Consider VERY Bullish?Gold breakout of the descending trendline + resistance after completing an a-b-c triangle in wave 4.
I will be watching the price for a potential retest of the broken level and continuation higher.
While the price is still trading below the blue line, then it's a tug of war between the bulls and bears. The break of wave b high, the blue line, will give confidence to the BULLS!
Are you buying Gold or Selling? Let me know in the comment!
Thanks,
Veejahbee.
AUDNZD Inverted Head & Shoulder Pattern Favor BullsThe AUDNZD 4hr chart above shows a classic inverted H&S pattern. Price also broke out of the long-term parallel channel and support & resistance level.
Price has the potential to retest the broken neckline as support and resumes a strong impulse move in wave (3) of iii.
Entry Criteria:
Buy from or below the current market price and put stop loss at the red level.
Wait for the breakout of the green line for conservative entry!
Regards,
Veejahbee.
Elliot Wave: AUDCAD Heading Higher In Wave iii of 5.AUDCAD reversed from the demand zone and completed a 5-3 wave cycle.
According to Elliot Wave theory, once a 5-3 wave cycle is completed, the market will resume in the direction of the trend!
The corrective wave unfolded has a w-x-y double zigzag in wave ii and already fulfilled the minimum requirements. Price has the potential to move higher in wave iii of 5.
Entry Ideas!
The green lines are the confirmation level for the bulls.
The red line is the invalidation zone.
What's your view on AUDCAD? Let me know in the comment.
Short on EUEU is about to reverse to complete ABC pattern. So as my idea, it's going to from Blue Zone (Resistant Zone).
Thanks for interests. *_<
Silver Sets To Complete A Five-wave Impulse PatternKindly support this analysis with your likes and comments!
The Silver 4 hourly chart reveals an incomplete Elliot Wave impulse sequence from wave (b) high on the chart. It's labeled i-ii-iii-iv-v. Wave iii is the longest wave and its sub-wave of wave iii is also visible.
According to EW theory, once the corrective phase in wave iv is completed an impulse move will follow it in wave v . In Silver's case, the correction unfolded as a double zigzag and also terminated around 50% Fib level. Yesterday daily price action also close as a bearish engulfing bar.
With all the confluence, we can expect Silver to head lower in the short-term. The setup will be considered invalid if the red line on the chart is breached.
What's your view on Silver? Let me know in the comment!
Good luck on the chart,
Veejahbee.
Uber: "Buying the Dip" OpportunityFollowing up with the NYSE:UBER stock movement, we might see a drop into the $36 or lower as a wave 2 correction (Zigzag Pattern). If this is the case it would be good opportunity to get in from there.
09/30/2020 AMDAMD is looking to finish wave 4 to go into wave 5 of a larger wave 3 which began in mid 2018. Looking for a dip to the 50-61.8 to get a full position. In my opinion, AMD looks to be still in its wave 4 which may coincide with my wave 3 INTC count. (i.e. rotation from momentum to value).
09/30/2020 INTCINTC beginning a wave 3 of 3. Looking to add on any dips. Looking at options a few months out.
Gold Going Lower to Complete the CorrectionGold might visit the $1780 area to complete its complex correction. That's will be confirmed by breaking the low of $1850
09/29/2020 BACBAC is hitting some key levels. Looks to be finishing wave 2 of a wave 3 of 3. Play this if you prefer over JPM. I like this set up a little more, although JPM has a nice triangle. Looking to go long with a couple of diagonal spreads to reduce the cost basis of my monthly options.
09/29/2020 JPMJPM looks to have finished a complex wave 4 in an expanding triangle. Looking for a wave 5. It is hard to be bullish on banks, but given the recent allegations again JPM and the trendline support holding, it may be worth a shot at letting some monthly options play out.
09/29/2020 LUVLooking to add a LUV position after it puts in a wave 2. Will be adding around the 50-61.8 retrace.
9/28/2020 LRCXLRCX has reached the 1.618 retracement implying the possible end of wave 3 of wave 1 of an extended wave 5. It could dip a bit to 330 then up to 350 possibly. Then a wave 2 correction to the 0.618 retracement of the wave finshed wave 1 in the short term. After which wave 3 is expected of the minor wave 5. I will be going long after wave 2 finishes which may be around 310-320.
$PFE sideways combo almost done. 5/15m tf swing long$PFE sideways combo almost done. 5/15m tf swing long
USDCAD trade forecastLooking for a bullish move , possible ending wave C
recommendation : Look to buy
$BTC $1,7xx lets gooo!!!! no triangle here (long term count)how often do you see hidden bearish divergence (weekly) after wave D of a wave 4 triangle? looks like a 5 wave structure to finish a flat.
dollar shows a bullish reversal patternas we can see from the chart, DXY has an ends the day with an hammer ( in which the lower shadow is at least twice the size of the real body.Hammers signal a potential capitulation by sellers to form a bottom, accompanied by a price rise to indicate a potential reversal in price direction.
This hammer is seen sitting below an ending diagonal. An ending diagonal is a type of impulsive motive wave in Elliott Wave Theory that will be found in the subdivision of fifth waves or whole C waves in a structure. An ending diagonal C wave or 5th wave commonly shows an obvious wedge shape with an overlapping wave 1 and wave 4. These will subdivide into 3-3-3-3-3.
NASDAQ Overall AnticipationSo trading world please don't scold me for any mistakes here LOL as this is a very rough estimate of what I'm expecting with NASDAQ.. but for now I'm looking to scalp a short term sell. And then then the overall goal is go long with this index. What do you guys think?? I'd love to know your comments :)
