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Elliotwaveprojection

EURUSD..... Fly me to the MoonAh EURUSD... You have never cease to amaze me. I gave u peesha now. . . . . We are expecting an awesome rally on this pair. BE AWARE ITS A VERYYYY LONG TERM. Regardless, my very first target would be area 1.13358 And looking at the count, MY OH MY ! This rally could way up up up UPUPUPUPUPUPUP to 1.14908 And if it goes well, 1.16000 is not a pipe dream my dearest tea drinker. . . . . Please order your peesha and have a cup of tea in hand. We are in for the LONG run.... . . . get it ? u get the pun ? I was saying lon.... . . Nevermind.....
Long
by Arthyus
CHFJPY Pattern Sets a Stage for a CorrectionThe daily chart above reveals CHFJPY's entire progress since October 2019 low. It looks like the past 4 months have resulted in a textbook five-wave impulse. The pattern is labeled (i)-(ii)-(iii)-(iv)-(v) and the five sub-waves of wave (iii) are also visible. Look how the entire structure fits into a base channel. The guideline of alternation has been taken into account, too. Wave (ii) is a complex correction, while wave (iv) is a sharp zigzag. This pattern means CHFJPY’s larger trend points north. The problem is that according to the theory, a three-wave correction in the opposite direction follows every impulse. If this count is correct, we can expect a notable decline in CHFJPY very soon. The support area of wave (iv) that lined up with support zone and mean value is a natural bearish target. What's your view on CHFJPY?
Short
by Veejahbee
2
Twitter's 2020 is Shaping up to be a Fantastic YearFounded in 2006, Twitter Inc. is one of the leading microblogging and social networking site in the world. The stock had an exceptionally strong run between 2016 and 2018. In a little over two years, the share price rose from as low as $13.63to as high as $47.87. That’s 252% gain in two years. Unfortunately for shareholders, the bulls could not keep that momentum any longer. The past two years brought the exact opposite in terms of returns. In October 2018, Twitter stock fell to $26.28, down 45.5% from its June 2018 high, and currently trading -30% ($32.9) today. What do the next few months have in store for Twitter investors? Let’s hear what the Elliott Wave principle has to say on Twitter’s weekly chart above. Twitter’s 2016-2018 rally unfolded in a textbook five-wave impulse, labeled 1-2-3-4-5. This pattern means the overall direction of the stock is up. However, a three-wave correction follows every impulse according to Elliot Wave theory. That is what I believe has been unfolding in the last two years. Twitter Inc. seems to be declining in wave Y of a W-X-Y double zigzag retracement. Since fifth waves are usually fully retraced, it makes sense to expect more weakness in wave ‘c’ of Y. In the mid-term, downside targets near $24 a share are plausible. On the bright side, once the wave Y downside target is reached, the 5-3 wave cycle would be complete. A reversal for the beginning of the next bull leg should then occur in that area. For now, though, the bears remain in charge. This is not the best time to buy Twitter stock according to the Elliott Wave principle. What’s your view about Twitter stock?
NYSE:TWTRLong
by Veejahbee
SPX500: Further Upside Expected - RSI Shows Strong Bull MomentumHi Traders, I was initially expecting price to form an ending diagonal, thereby slowing down the bull trend for downside. However the ending diagonal is now invalid because price has slightly broken out of the structure in the past week. What's more is that we have no divergence on the RSI, and this indicates further upside. Therefore, we can keep buying the pullbacks until price shows signs of slowing down. Regards, Wave Theorist
TVC:SPXLong
by UnknownUnicorn5158708
USDCHF: Ending Diagonal - Signal for ReversalEnding diagonals are motive wave patterns yet not impulses, as they have two corrective characteristics (wave 4 must always enter the price territory of wave 2). ED's usually take the shape of a wedge and in all cases, they are found at the reversal points of the larger patterns, showing exhaustion of the larger movement. I usually confirm that I have an ending diagonal if I see divergence on the RSI. In many cases, an ending diagonal is usually followed by a strong impulsive move in the opposite direction of the trend.
Education
by UnknownUnicorn5158708
USDJPY: Possibility of 5 swing wave C?There are two possible outcomes: (1) Price will sell into the blue box from current levels and continue correcting between 107.00 - 109.00 or (2), we may be in the beginning of a 5 swing wave C. The possibility of sustained down side is supported by the fact that price is currently at a critical retracement (0.5 - 0.618) of my wave A. If price pushes through the 1.618 (at 107.184), we may just see price continuing with the downside.
Short
by UnknownUnicorn5158708
USDCHF: Wave alternation key in understanding current correctionIn wave analysis, the guideline of alternation warns to always expect a difference in the next expression of a similar wave. Although alternation does not say precisely what is going to happen, it gives valuable notice of what not to expect and is therefore useful to keep in mind when assessing future probabilities. So we can expect anyone on the corrections that Elliot identified. Even a triangle is possible. I would advise not taking a long position until price reaches an area suitable enough to start selling.
Short
by UnknownUnicorn5158708