ElliottWave Analysis For Gbpusd for 20 Feb 2023Here we are predicting on GBPUSD that the market will move down a little then push up high so if your selling you need to be very careful as the market favour more on buying.
Elliotwavecount
BTC big picture: BTC Correction WaveHi dear traders
BTC still in a correction wave . I have two senario
Plan A- a big Flat ABC that has been finished and price is going to fall
Plan B- a big Running Triangle that could be take for 3 to 4 month and then price falling down
EURUSD H3EURUSD Clear Bearish Trend. It has correction Movement and Create Continue Bearish Flag. It Would Be drop In 9th September on the other hand it has Fibo Zone and Box Market Can Move short Time upside from Wicks zone.
BTCUSDT Potential Harami bearish on 1MA Harami bearish, candlestick reversal pattern, is about to occur on 1M chart twice after the All-Time-High event. If this projected drawdown plays out. This indicate a strong bearish signal. Harami is highly reliable in bearmarkets, in which pattern is a signal of top price. A Harami bearish just played on 1W chart. This replication on monthly chart will signal potential lower low, i.e. the bottom 15k of moonbois is nothing but a dream.
Greater timeframe, greater reliability.
The micro price action is performing like a final phase (E) of distribution pattern of Wyckoff method.
Now, on hourly chart, we can see a Head and Shoulders top formation targeting local demand. Also, an Alternate Bat harmonic pattern can occur, projecting price more drawdown, as we can see on chart.
Abandoned Baby bearish candlestick pattern is also performing on H4.
Oscillator Fisher Transform bearish.
Elliot Wave Method ]
Bitcoin seems to be ready to ride a route-off of this choppy bear market, as in a turn-point to made the 5th wave of an expanding ending diagonal, in which a bearish impulsive wave can occurs to throw-over this broadening wedge structure. This indicate potential lower low.
According to my wave count, Bitcoin is about to accomplish this actuall supercycle, making a wave 4 of an expanding ending diagonal, in which one more supercycle may complete this potential pattern, which a new ATH can surpass 200k. The 5th wave of the ending diagonal, which will be the next bullrun supercycle to complete the wave I of the Grand Supercycle, don't needs to touch the upper trend-line. For the validation of this pattern, the bottom of this actuall bearmarket needs to be accomplished, completing wave 4. Then, the shape of the channel will be definetly drew. If this market respect Elliot Wave rules, a severe bearmarket will occurs to made the Wave II of Grand Supercycle.
From a chart pattern perspective, this peak can be consider a pullback to Head and Shoulders neckline in confluence with the back-test to anchored VWAP from ATH. Indicating turn-point.
Fibonacci
Historically, In all corrections, BTC retraced either 88.6% of the same measured Fibonacci retracement, decreasing more than 80% in it's price from each new all-time-high. As we can see applied on this chart, a drawdown either 50% can be expected.
Pivot levels
Stablished pivot levels from the sum of HH+HL+Close:3 from the choppy sectors selected. in a fractal manner, the pivot level is a potential area of interest to re-entry. The price can shakeout in this range due to the anchored VWAP from candle of 13-Jun'22 reaction, thus I've pinpoint these levels to be watched.
Harrmonic pattern prediction
In prediction, a Partizan 2.4 harmonic pattern can be formed on this speculative bottom region, lead price above to 40k supply region.
LINKUSDT Exiting Ending Diagonal from the last impulsive wavePrice action, based on Elliot Waves principles, is falling from peak after complete an Ending Diagonal from the last extended impulsive wave to a potential target at local demand in hourly timeframe in a possible 78,6% retrace as shown on AB=CD pattern, below volume POC and after reject Anchored VWAP from May '22 bottom. Consolidating in a parallel channel as shown within a modified Schiff Pitchfork. Potential swing-downward in a corrective wave target to Dec '22 low re-test. Monthly Inside Bar zone.
BTCUSDT Elliott Wave - Current Corrective Wave StageCurrent in scope Elliott Wave Impulse Waves 1 to 5. Currently within the Corrective Wave.
Used Trend Based Fib Extension Tool to determine the bottom retracement levels of the Corrective Wave A, drawing from 1st High to Low to 2nd High on a 90 minute time frame.
- 1st Highs drawn from Wave 5 high.
- The low being 22,750 and yet to understand why that level at time of posting but this the magic low used (it is a daily support and a level from which the price moved to make Wave 5 high).
- The 2nd Highs drawn to the highest high within the range below Wave 5 high
Interesting, using Trend Based Fib Extension, plotting the 1st high, that if you work the way up from left to right, choosing the lower highs on a 90 minute time frame, pulling the next plot to 22,750 lows, then lastly to high within range, playing with this tool draws perfect fibs that correlate to daily Point of Control (POC) levels.
I've chosen to use the Fib at 22,750 because when drawing the retracement level for Corrective Wave B. If using 25,530, the price target is below Impulse Wave 3, which does not fit the rule for Elliott Wave Theory.
-To draw target Corrective Wave B, using the Trend Based Fib Extension, (Low to high to low), drawn from Corrective Wave A at 22,7k to the High Impulse Wave 5 back down to Wave A at 22,7k giving a possible Corrective Wave B target to the upside of 23,4k. Another important level to be aware of for Wave B target is approximately 22,600ish which is a Naked Point of Control (NPOC)
-To draw the Corrective Wave C target, a bit uncertain at time of writing. The last of which is more technical. Using the Trend Based Fib Tool, (high to low to high) from Wave 5, to Wave 4, to the Corrective Wave A, with a target to the downside of approximately 21,750 and daily support level. (at the time of publishing I've 22,129 chosen as it seems a strong daily support).
Other point of interest. I've been using Exocharts TPO 1 hourly. Which has been useful for spotting Naked Point of Controls (NPOC), and as well as using Order Flow to determine market movements. Found that although some support levels are well respected. NPOCS on hourly TPO seem to be hit when on a down trend, and can be a good level of support.
Please feel free to correct me n any mistakes you make think I have made. Always happy to have positive criticism and useful feedback. Play around with the Trend Based Fib extension tool, the levels and confluence with time frame support and POC's are amazing!
BTC ZigZag Confirmation pendingLong term zigzag is about to be confirmed within the next month. We need a higher low, followed by a break of the local high to confirm this thesis.
Euro/Australian DollarEuro/Australian Dollar
4h Wave Count.
In the impulse main 05th wave confirmed.
then we have to hope a correction of Euro pair.
Ethereum 3D Elliot waves with demand zone analysis hello friends,
as you can see on the chart, we have a solid downward 5-waves movement and since the wave 4 of the Elliot waves theory is already completed, we should wait for the 5th wave to mature to find the bottom.
I believe the market will continue its downward 5th wave and the best demand zone for the wave completion will be 550-640 order block . so if you want to invest in Ethereum the best support zone is yet to come and if you be patient enough you will get to buy it on very attractive prices.
Setting orders on the mention order block (550-640 USDT) with a stop loss of 490 to prevent from being stopped out on sudden market movements is a proper investment strategy for Ethereum.
Please manage your risk responsibly and make informed decisions.
good luck!
$BTC #BTC #Bitcoin #Elliottwave Buy Setup Wave 5.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Gold 2016-2023 - Elliott Wave Analysis
23hr chart. Short term bullish , but the first 2-3 quarters of 2023 may be bearish.
(Note there is a small intraday truncation of the green wave (v), but it seems justified by the confirmed bearish retracement and it doesn't appear on daily chart .
Image ref: priceactionhelp.com
$BTC #BTC #Bitcoin #Elliottwave Buy Setup.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
$BTC #BTC #Bitcoin Complete #Elliottwave Count.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Natural gas one more low then we explode to the upside We've been tracking this C wave for some time now and it finally looks like we're getting the wave 5 of C which should finish somewhere around the $5 area. Once we reach this price point we will be going long with an ultimate target of $15 which is a HUGE trade.
AUDUSDHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The way I told you, you have to trade like this and you will have more profit always and you will not be a loss.
Ethereum elliot wave count a brief discussion on ethereum. how it is moving according to the elliott wave theory and currently we are in which wave and how we count it and take the targets.
Volkswagen going wild soon Germany's largest carmaker and DAX40 group Volkswagen did not perform well on the stock market in recent months and the share price went south. Since the beginning of the Ukraine war, the price lost slightly over 50% or 126€.
On the overarching chart picture, however, this sell-off is only part of an overarching correction according to my assessment. The market is catching its breath to be able to survive the upcoming wave 3 well.
Due to the current market situation on the indices, especially the strong sell-off in the German economy, the price will probably come down to the 0.887 retracement at the 99€, before the trend direction of the market turns.
From there, a price increase of at least 300% is possible on a multi-year level. The 1.618 extension is at 396€ per share.
elliotwave still on trackstill on a zigzag pattern, can we break the price at 32k can we speak of a trend reversal. if we are rejected below you can say that we are making leg 4 on higher time frame and go 1 more time down for a lower low, before we can look further at the price action we have to be patient and wait to see what the market will do.
GBPJPYyou can place your order at CMP or wait a little downside movement. pullback is about to end up.
USDCAD sniper entries with Derlsony from TANZANIA. Follow me for more trade setups with 85% to 95% accuracy for training and mentorship
BTC Prediction, Bearish!?!if it is in a zig zag correction then it will do something like this. Most likely however, wave 3 will be longer etc and the first 5 wave move is just an estimate of the usual fib points each wave reaches. The whole zigzag will probs reach 0.5 of larger wave 1, which we will then see btc impulse down quite hard i presume if this is all true.
what are your thoughts?
