Elliott Wave TD D-Wave Bearish Trend in EURUSDOANDA:EURUSD
Elliott Wave & TD D-Wave The perfect combination.
There was an Bull trend in wave C and a Bear trend in wave 3. as a result, wave 3 In a downtrend TDDWAVE, according to the counting order of "TDDWAVE", there can still be a downtrend as wave 3 normally moves like crazy, so it continues the downtrend. Expect it to go down to the level of 1 – 0.995 following the support tool.
Elliotwavecount
ETHUSDWeekly Timeframe
This timeframe indicates a corrective pattern in the overall trend, Drilling down to the daily timeframe for end of trend confirmation in order to get in with the trend.
Daily Timeframe
From this timeframe a reverse symmetrical triangle is spotted and a sub wave for wave A of the corrective pattern, 3 WAVE B is also completed now a 5 WAVE down hourly is to be completed in order for a trend continuation to considered.
HOURLY TIMEFRAME
5 wave move down with a 3 wave internal structure.
Currently in a sub wave B of the final move down.
$PBR ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
$CEIX ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. When it comes to coal, china is building more and more plants to meet required energy. Recommend tracking this sector very closely for amazing opportunities.
$SBOW ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
$RIOT ~ Correction still in progress...As expected, the bitcoin miners are correcting along with bitcoin itself. Although we are getting close to the 61.8 for a normal wave 2, I would recommend being careful as crypto tends to correct a little deeper and should be no surprise to see the 78.6. Remain patient and it will pay off later down the road.
BTC - Fib rings still playing out. IM in +700% PROFIT**NEW CHART**
Every chart is traded on two axis. Price and Time. Most traders don't give any attention to the time axis. Here is a BTC 4hr chart I drew a week ago. See my previous post on the specific instructions how to draw these. This is a 535 Zig-zag that I pulled fib rings from. This is an incredibly visual way to trade and its easy to follow if you don't have hours per day to watch charts. I recommend using it in tandem with your normal trading style for better accuracy.
James
LUNCBUSD1-2 formation from low at 0.00005 which is holding up nicely
Ideal entry would be price above wave B with stops below wave c
Trend confirmation for wave 3 would be price moving pass high of wave 1 and a break above the declining channel line about 0.00008.
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Bitcoin What to Expect Next Week?As I've mentioned in my previous post BTCUSDT ended 4th wave of Cycle degree. The fifth wave has started since June 7th.
We can expect the fifth wave of Cycle degree to be an impulse wave ((1)(2)(3)(4)(5) in graph).
(3) wave is an impulse (i), (ii), (iii), (iv), (v). If it ended today we could expect corrective wave (a)(b)(c) in the beginning of the next week.
After that wave (4) could continue or end. Correction could reach 29000 level as it is 0.618 level of wave (3).
After the correction wave (4) is complete BTCUSDT should continue downwards.
BTC road to 100k (bullish scenario)Few days earlier I posted my bearish view on BTC. But bulls still have a chance to get above 100k this year. Price is still moving inside this meme channel, and recently we got a test of the lower channel line. All these "sideways" between 30-60k could be the 4th wave. Depends on how you count it, end of wave 3 either can be in April 2021 at 65k or in November 2021 at 69k. But nevertheless this is can be the 4th corrective wave.
If bulls can save BTC inside this meme channel and hold this 28-30k zone as support, we can get a big rally by August. I don't think this is very likely but I am not going to sit and wait for mega crash all the time and ignore the bullish case. Until then we stuck here in a range of summer despair.
Price is out of channel and close below this zone on the weekly => this idea is canceled.
$GO ~ Completing wave 5 as shown...Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company’s stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine. As of March 1, 2022, it had approximately 410 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, and New Jersey. The company was founded in 1946 and is headquartered in Emeryville, California.
BTC Elliott Big ABC, still going wave 4I've been asked where the correction might end, the true is that nobody knows
Just Sharing
I still see that we are on wave 4, some people says that wave 4 is over, I don't think so because of two things:
First, internal counting, I see we just ended wave B of 4, right now is building wave C wich would have 5 internal waves to the upside.
Second, Fibonacci, Wave 4 normally corrects to 38.2%... still far from there, that level is on 32800 zone.
I think we would see a Squiz to the zone and then another heavy drop. (Wave 5)
Ounce wave 4 is over we will be able to use fibonacci extension and that would give us an idea of where the correction might end.