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Elliotwavecount

GBPJPY WAVE 4 SHORT We can see that there is some divergence from wave 3 to 5 of WAVE 3 . This shows that a short is in play. As Ellioticians, we look at WAVE 4 to not go beyond 38% of WAVE 3. Once WAVE 4 is completed I will be looking to buy this market for its final push to the upside before it comes back down.Be very careful when trading this, as corrections are risky to trade. If you do trade corrections, always trade the final C wave only. I look it as Wave A to be a sign that it wants to go down. Wave B gives the possible entry and stop loss as well as TP. Wave C is where you should trade it. However, the market is on bullish trend as Major market levels have been broken. In my opinion, the trend is your friend till the very end till it bends. The overall trend is bullish, I will be looking to buy the market instead of selling this correction. Remember, its only correcting to go back up for one last push. Please do not consider this as a signal. Capital preservation is important. Trade responsibly.
Short
by bigboyzaid
1
SSIA idx stock :Example of Complex Correction Wave Here is the example of complex wave calculation based on elliott wave principle. Overall complex correction wave consists of 5 combined wave (w)-(x)-(y)-(x)-(z). These complex correction played out for very long period time thus can be very confusing. (w) wave is a zigzag of a-b-c, followed by triangle a-b-c-d-e (x), another zigzag a-b-c (y), followed by flat a-b-c (x) and last, completed with zigzag a-b-c (z). This educational analysis provided also with example entry strategy, my entry strategy placed on top of last wave 4, why? Well, it gives slight confirmation that the (z) wave of zigzag is completed. The stop loss placed on the very bottom of (z), which means the invalidation zone. Apparently, this strategy only compatible for a long term investing. This educational analysis is not a financial advice, you should do your own research and always make sure to criticize before consummation. And last, because the asset is stock, always compare with the fundamental condition of the company. Thank you, share and like if you found it helpful!
IDX:SSIAEducation
by danuto17
#DXY to #SP500 #SPYTVC:DXY We are back to Chinese trade tensions with Chinese companies possibly to be delisted from the NASDAQ and Hong-Kong protests back on. If we want to see a pullback on US indices, I am convinced this will depend on the USD. The demand and surge of it will mean pain for equities. With that said, I can see 5 waves to the upside in micro degree to complete a corrective structure before lower lows. Complicated to see this five wave rally breaking March highs given the count and also the undoubtable final stimulus package.
TVC:DXYLong
by everibarra91
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