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Elliotwavecount

$BCC $BCH forming a PERFECT double and triple zigzag..Seems to be forming Elliott's original labelling of double and triple zigzags and double and triple threes. Labeling the successive actionary components of double and triple corrections as waves W, Y, and Z, so that the entire pattern is counted "W-X-Y (-X-Z)." The letter "W" now denotes the first corrective pattern in a double or triple correction, Y the second, and Z the third of a triple. Each subwave thereof (A, B or C, as well as D or E of a triangle) is now properly seen as two degrees smaller than the entire correction. Each wave X is a reactionary wave and thus always a corrective wave, typically another zigzag . Let's see if it continues to play out as I suspect it will.
B
by cryptokirk
NZD/USD wave count and fib updateConsidering the wave measurements of "1" and "3", I will expect a 5th wave (wave 3 extended past 1.618 wave 1). I underlined the potential level. If we were to get a 5th wave, then we would most likely get a correction here (triangle or shallow flat). Otherwise, wave "3" could be a "W" as a 1-2-3 can be an ABC, and we would get a larger correction downward, but considering several factors, I will anticipate a wave 4 type correction and a wave 5 as I described.
by thillygoosth
My Price Prediction for ETHEREUM keep in mind, I'm still a bit newer to Elliot waves so its a bit hard for me to draw them "in the dark", so to speak, but I think by tomorrow we will see ETH hit the resistance around 192 and you should probably take a long there for the next uptrend to begin. take this with a grain of salt but tomorrow if you see it happen then you know :D if you want to short soon wait for the B to complete somewhere above the resistance line at 198, possibly around 200 and short there to C
BITMEX:ETHUSD.PLong
by mon3y
USD/CAD has a Elliot wave on 4h hour chart, Here is the Proof!!!Hello ladies and gentlemen, i hope you all having a nice weekend. Today we have a post with educational idea of elliot waves. Let's observe together, i hope you will like it. Rules of Elliot waves: 1- Second wave's low is higher than first wave's low. 2- If second wave makes a sharp correction, 4th wave will make a flat correction or vice a versa. 3-If 3rd wave is the longest wave, the time length of the first wave must be equal to the time length of the fourth. 4-After the 5th wave, A-B-C correction comes and this correction will take us to C level which is very close to low of 4th wave. We are in A-B-C correction now but main problem is i couldn't define B point perfectly because market is closed right now and not sure if we were passed B point or not thats why i need to see more reaction of usd/cad to define perfect B point. Okay what will be our setup for this trade? -For a safe trade, you can wait till price breaks inclined support. Then aim 1.29610 as a target. -For a more risky trade, you can jump in from these price levels and aim for 1.29310 as a target which is very close to low of 4th wave. If you are going to decide on second trade setup, i recommend you to use less leverage for a calm trading journey. (For example 25 or 10 times of leverage) Stop loss for both trade setups: 1.30900 I hope you enjoyed with my analysis, i wanted to show elliot waves' rules in action. Please support my account by sharing and liking for more educational ideas. Thanks and have a nice weekend. Berk.
Short
by Mr_Berk
2
GBPUSD short term top in sight?: GU resistance zones on 1h chartJust a quick plot to watch the three zones of interest for possible short entries. The three zones are in my opinion resistance. The zone marked with end of Wave (C) is most likely I think. Barring great news regarding Brexit, I think the bounce is almost done. Looks like an ABC correction to a down move. Background: This is an update to my last short term Idea looking for the dip and bounce My GU adventure started with a search for top of uptrend around Sept 20th Then came the big drop, which I caught most of. Then I started looking for bounces to short After catching a few scalps and a couple big rides down, I was then waiting for a pull back again During the pullback, I managed to get in a few short scalps but with tight stops Then, just before NFP, the Pound started getting some good news and showing signs of bullishness so I threw some longs down Which brings me to the current plan, looking for an ABC correction to end soon
by EuroMotif
7
GBP/NZDGN rejected pitchfork as it broke 1.236 extension of a potential WXY pattern for a "B" wave. It either did a contracted flat for more upside or it is still in corrective structure. By looking at the divergence and 2 shark fins on the weekly, I feel like we can get some downside. The move it has been making up is a corrective move (all waves overlapping, following a long move down). There is some very large downside coming on this pair, but it can push up further in structure if it wanted to. I would prefer to wee it make a wick out of fork and 1.236 extension considering this last wave, but I will begin looking for sell setups on it, as GN is in the position in the wave count that a "C" wave can come from. A "C" wave can either finish out a correction for a continued trend or is a reversal wave. GN can keep chopping up, can even shoot up, but that won't change the fact that a drop is coming at some point, potentially to break the low even, creating a large weekly corrective structure. But like NU, I would like to see a smaller correction to confirm it is ready.
by thillygoosth
XAU Macro Elliott Wave analysis. Is the correction finally over?FX_IDC:XAUUSD OANDA:XAUUSD FOREXCOM:XAUUSD IMHO there is a very distinct possibility that XAUUSD has completed a full triple combo corrective sequence: Triangle + Zig Zag + flat. The upwards move the last couple days has a distinctly impulsive feel to it, with the bulls very much in control. I am very much looking forward to discovering whether this is the start of a bullish impulse or more corrective wave nonsense. In other news, I'm seeing quite a few toppy patterns in multiple stock indices - both US and international. The NASDAQ in particular looks quite disgusting on the daily - 3 giant bear spikes sticking up out of a rounded top. To me, it seems only natural that the start of a bullish impulse in gold might coincide with a corrective reversal in the stock markets. Thoughts?
FOREXCOM:XAUUSDLong
by ashaman
1