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Elliotwavecount

Correction Wave 4 in play - XAUUSDElliot wave count adding further confluence to my previous ideas. Expecting a bullish breakout from current consolidation. Quarterly outlook:- 2nd: Bullish 3rd: Bearish *Disclaimer* This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust you own analysis. Beyond Edge
FOREXCOM:XAUUSDLong
by BeyondEdge
2
German BUND Approaching Resistance - Elliott wave analysisHi traders, German BUND made a clear, five-wave drop in March, which is a sign of a bearish trend, however as we know after every five waves a temporary pullback may show up. Here we are observing a w-x-y correction underway, with resistance/bearish turn at the 174.80/176.8 region, where Fib. ratios of 0.618 and 0.786, and also equality measurement of waves w and y can suggest where price can slow down. Once we see a five-wave minor rally within a (c) wave of y, and a sharp drop from potential resistance levels, and a breach below the lower channel line, that is when BUND can resume its bear run. Trade well, The EW-Forecast team
EUREX:FGBLM2020
by ew-forecast
1
Litecoin Enters Elliott Wave Sell Zone LTCUSD's decline unfolded in five waves with an extended move in wave v. Since the market bottomed around $25 price has been moving upward in a sideway manner, which is what to expect after an impulsive move according to Elliot Wave theory. The correction seemed completed and unfolded as a double zigzag. Further confluence suggesting the end of the correction includes the rejection of 38.2 Fibonacci level, 50 EMA, S&R level, and retest of the broken ascending trendline. Price has the potential to move lower from or near the current level and retest the wave (a) low and even extends lower. The bearish wave count remains valid as long as the price stays below the red line, "47.69" level. What's your thought on Litecoin?
COINBASE:LTCUSDShort
by Veejahbee
2
S&P 500 Is Printing Bearish Elliot Wave PatternThe S&P 500 massive decline and the subsequent rally makes Elliot Wave sense. The coronavirus 35% sell-off was a classic five-wave EW impulse pattern. According to the theory, this implies that at least a three-wave correction should be expected. In SPX's case, the 28% rally that follows the decline is in three-wave so far and taking the shape of an a-b-c zigzag corrective pattern. Not only that, but the price has also already retraced 50% of the decline and testing an important weekly resistance level. I'm not interested in catching the top, so I will wait for price action to confirm this scenario. The breaks of the counter trend line and previous swing low at 2656 area will be a good confirmation that the bears are ready for the run. Price has the potential to move below the previous low in the anticipated decline. Do you think S&P 500 has already bottomed? Let me know your view in the comment.
TVC:SPXShort
by Veejahbee
Elliot Wave View: Bitcoin Sets a Stage for Further DeclineThe rally from $4000 low moved correctively and took the shape of Elliot Wave double zigzag pattern, labeled w-x-y. According to the theory, once a correction is completed the price resumes in the direction of larger trend, which is bearish in the BTCUSD case. Prices also break out of the rising wedge support decisively further signaling the completion of the correction. Price has the potential to take previous low in the anticipated decline. Do you think BTCUSD will retest $4000 again?
BITFINEX:BTCUSDShort
by Veejahbee
7
GBPUSD Sets To Continue The Bullish Impulse PatternGBPUSD's advance from 1.14062 low is taking the shapes of an Elliot Wave impulse pattern. According to Elliot Wave theory, impulse structure consists of five waves sequence, three of the five-wave move in the direction of the trend while the other two move alternate the larger trend. In GBPUSD's case, I'm focusing on the corrective pattern in wave (4) of iii which is unfolding as a flat pattern. The pattern which is about to complete will give us a buy trade opportunity in wave (5) of iii. What's really interesting is that the alternation guideline is being followed. The guideline stated that if wave (2) is a sharp correction, then wave (4) will be most likely a sideway corrective pattern, vice-versa. Entry Idea Wait for price to retest the 38.2 Fib area, then watch out for the break of the blue line for buy confirmation. What's your view on GBPUSD?
Long
by Veejahbee
4
My bitcoin/usd longterm predictionBitcoin has finished the correction from the high of 13800 on june 2019 and is ready for a new bull move. According to my wave system the waves will form as shown on chart. Wave 1 is going to end between $8000 and $9000. Wave 3 is going to end between $13.100 and $15.600. Wave 5 is going to end between $24.500 and $30.000. As to the corrective waves 2 and 4 i am going to give you targets after bitcoin reaches each target first, wave1 and wave 3. After that, bear market again as usual. risk disclaimer This prediction is based on my personal trading strategy and this article does not suggest you to make any trades. I am not responsible for any future losses using the information above.
BITFINEX:BTCUSDLong
by togatoni
1
XAU/USD Gold going DOWN until June 2023B wave count simple 5-3-5 zig zag to the 1.618 extension on low volume w/ bearish divergence at the $1703 top and we're expected to come down significantly. Its an internal retracement still correcting from all time highs so I'm looking at volume profile coming down from ATH. The point of control is around $1280 which led me to consider changing the pitchfork from original to schiff. As we know, price will at least tap the median line 80% of the time. This also coincides with a 50% fibonacci extension of A at $1265, the golden pocket 0.618-0.65 retrace of B at $1297-$1276. I know triangles are supposed to have 3-3-3-3-3 structure, but is it possible this forms a symmetrical triangle and we don't get a breakout until the latter half of the decade? I struggle with labeling and couldn't put a count on it but to me the first leg down looks like wxyxz. It looks like the initial move down from ATH could never be considered a 3 wave structure. Can someone share their count? This is not financial advice and please do your own research.
OANDA:XAUUSDShort
by Drunkmonk
1