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Elliotwaveretracement

GBPNZD Bulls Are Over Staying Their WelcomeThe weekly chart above shows GBPNZD's entire decline from Aug 2015 high. The sell-off is a textbook Elliot Wave impulse pattern, labeled 1-2-3-4-5. According to the theory, a three-wave retracement follows every impulse. Here, that three-wave rally has been unfolded as a W-X-Y-X-Z triple zigzag pattern. Wave (c) of Z is about to complete. I anticipate GBPNZD to find resistance at the 50% Fibonacci level that lined up with the weekly resistance zone. If this count is correct, there is a complete 5-3 wave cycle on GBPNZD's weekly chart. According to the Elliott Wave theory, the trend can now be expected to resume in the direction of the impulsive sequence. I think the bears might not have to wait too long to conquer November 2016 low and beyond. Kindly like, comment and follow if you like this analysis. Thank you. Veejahbee.
Short
by Veejahbee
XAUUSD The Ups and Downs and UP UP UP UP UP UP UP UP UP UP UPHello XAUUSD, How does you fare ? How does fare you thee yes ? No ! After the overextending Bullish... Something happened.... We are looking at the corrective movement (or retracement, or something....) We might see a short oppotunity when it reaches that Yellow (Orange) zone on 1580 levels... Goes down to 1540 ish area...... And then BAM ! TO THE UPSIDE AND AWAY !!! And then death..... . . . . . . . Leave me now in peace.... For my tea is ready.....
FX:XAUUSDShort
by Arthyus
Elliott Wave Patterns & Fibonacci Relationships Reference GuideElliott Wave Theory attempts to identify recurring price movements within financial markets and to classify them into a set of meaningful patterns, which can become a reliable tool for future price predictions. The underlying principle is that price-action unfolds via an endless alternation between trending and corrective cycles, while producing this effect on any relative timescale (Fractality) . Elliott Wave (EW) price patterns are divided into  motive waves   (i.e. price movements that initiate progress in one direction and therefore create trend) and  corrective waves   (i.e. price movements that are reactionary in relation to the previous trend-setting move) . Corrective waves essentially attempt to revert or undo the movement that was initiated by the preceding motive wave. How to use this guide This EW reference guide provides an idealized drawing for each EW pattern, including a visualization of the most important internal wave size relationships. The images highlight the most common wave retracement and extension targets in red, followed by the next most common targets in orange, followed by the least common targets in grey. Important Concepts To Remember Before Applying EW Counts Wave Degrees Elliott Waves are labeled in different degrees that are nested within each other due to the fractal nature of price movements. Please refer to your Elliott Wave drawing software for the appropriate names and symbols used for each officially defined degree. Alternatively, you may simply label different degrees with different-colored labels on your chart. Alternation   (“expect a difference in the next expression of a similar pattern”) : EW patterns have the tendency to create alternation within them. This is reflective of nature’s general propensity towards dynamic balance. Following is a list of the main occurrences of alternation: Alternation of corrective waves: If wave 2 is sharp (i.e. zigzag or extended zigzag) and deep (i.e. deep in the sense of how much it retraces the preceding wave 1), then wave 4 will most likely going to be sideways (flat, combination, or triangle) and shallow relative to wave 3. The same applies in reverse but is less common. This is because triangles (which only appear during wave 4 inside a motive wave) are considered to be alternating to all other corrective patterns. That means even if wave 2 is a shallow sideways correction, a triangle can still appear in wave 4, but it is less likely. Alternation also occurs in terms of wave complexity. If a potential bigger complex correction starts out simple at first, then expect complexity to increase during the following parts of the correction (i.e. simple-complex-most complex). The reverse can also apply (i.e. most complex-complex simple) but it is more rare. Alternation of motive waves : If wave 1 is short, then wave 3 is likely to be extended, and wave 5 likely to be short again. If wave 1 is extended, then wave 3 and 5 are most likely not extended. If neither wave 1 nor wave 3 is extended, then wave 5 probably will be extended. If wave 3 is extremely long and overstretched, wave is 5 more in danger of being truncated. Balanced Proportions (“The Right Look”) : It is important that waves within a 5-wave or 3-wave sequence show reasonably balanced proportions to each other… not just in terms of size/magnitude (which can generally be verified by Fibonacci retracement and extension ratios), but also in terms of  time duration . This balancing can occur either via alternation and/or via equality. Consider the following as an example for ‘balance through alternation’ : an impulse is showing a classic deep and short-lived wave 2, plus a shallow but time-lengthy wave 4. The time-lengthiness of wave 4 is in balance with the depth of wave 2, while the shallowness of wave 4 is in balance with the short-lived nature of wave 2, thereby creating balance through alternation. The same need for balance applies for any motive waves within a 5-wave sequence (i.e. 1,3, and 5). The exception however will be the potentially extended wave within the sequence. It can/will be much larger in terms of magnitude and time than the other four waves, but the sub-waves (inside the extended wave) must show a balance to each other. The extended wave will also express relatedness to the other waves of the sequence by the angle of the overall price movement (that’s why impulsive motive waves travel quite neatly within parallel channel lines most of the time, even if one of the waves is extended). Consider the following as an example for ‘balance through equality AND alternation’ . Wave 1 and 5 of an impulse sequence are equal in size and duration (equality), while wave 3 is extended (alternation to waves 1 and 5). Alarm bells should be going off when a potential wave 4 is starting to grow out of proportion in terms of size and duration relative to the other waves of the same degree. It is dangerous to disregard the factor of balanced proportions during wave counting. Disproportionate and misshapen patterns should be seriously questioned. The ‘right look’ may not be evident at all degrees of trend simultaneously, so it is best to focus on the degrees that are the clearest.
XEducation
by ferGOD
10
BTC Time and Price Analysis In this analysis I will go in the order of long-short term charting and try to explain in depth as simple and short as I can, feel free to comment below , Enjoy. So first off, what we have here is a WXY correction(Double three combination correction)e.g www.elliottwave.net And we currently have an ending diagonal triangle forming as of now e.g www.futuresmag.com Now we proceed to our price targets of the year , we now find the possible fib retracement targets Btc has for 2018 with the use of trend based Fib Taking the highs of 19k, lows of 6k , and the retracement up to 10k to find our possible last target for wave Y, which lies at the 0.5 retracement of around 4900 We then use the highs of wave b, lows of wave c, and highs of wave d to calculate possible fib retracements for our final wave E which lies at the likely target of 5160, Hence my recommended buy zone is from 4900-5160 for long term hold. Time analysis We now dive into time analysis where we take the swing high of wave b, swing low of c , and swing high of d to find the time approximate for wave E, a minimum target of 1:1-1.618(common retracement) is given in this chart which is from around September 13 to October 13. The 1.618 time retracement coincidentally meets with not only the trend line that led me to the assumption of retracement of 4900 but also meets with the 1.618 time retracement area. Hence in a nutshell my targets for lows of this year are anywhere from 4900-5100 area and i believe it will happen around October periods Hope it helped you !! Happy trading. DISCLAIMER:I am not a financial advisor and these are just my own personal opinions to give you more exposure to your last decision on whether to short or long Thank you .
BITFINEX:BTCUSDLong
by noobtrade232
INTC about to miss earnings due to AMD Epyc server growthI previously called a technical breakdown in INTC following the competition of the ascending triangle. INTC subsequently fell, but has not yet hit its full down-side price target and has rallied a bit. This is a textbook Elliot Wave zigzag correction pattern and for fundamental reasons I see the final leg of the correction about to breakout, once again to the downside. AMD just reported strong Q2 earnings after market close on 7/25/18, their best profits in seven years, on the strength of their new product portfolio. Most troubling for INTC is their growth of over 50% in their new Epyc server processors, which they attributed to growth in "Mega-data centers." This TAM is INTC's bread and butter and they have enjoyed essentially 100% control of that TAM which AMD is now starting to chip away at. I expect INTC's quatertly earnings report to show this when they report after-hours today, 7/26/18. As far as trade entries go, I expect INTC to open sharply down today, more to do with the general tech dump following FB's disappointing earnings report. I do not think the loss of server market share will be priced in due to competition from AMD. So essentially, don't be afraid to chase this down a bit, but watch out for any recovery in FB, which will likely whip-saw up and down over the next few days, which could bring INTC back up from any drop at open. I will be playing this as a short-term earnings play and a medium term play as I think INTC is a good short with a soft backdrop in tech and the S&P500 emerging. ------------------------------------------------------------- As always, the responsibility for managing your position is your own. I am not a financial adviser nor is any content in this post intended to be financial advice. The information presented is my opinion, based on tools I have learned from others sharing their opinions and my experience in the markets. I share these ideas to generate discussion and have others critique my analysis because, as always, I am still learning. With that in mind, the outcome could be quite different than what I am predicting and this is for informational purposes only. It should not be considered financial or investment advice of any kind. Readers should consult with a financial or investment professional to determine what may be best for their individual needs.
NASDAQ:INTCShort
by Bullish_Harambe
2
Dow EW5 near complete; pullback before upside triangle breakoutAdjusting my idea for what might lie ahead for the Dow. Forgive my many variations, but our picture is certainly confusing and some of us have already been whipsawed and blindsided twice: Dow is in an extended wave 5, approaching the upper edge of a symmetric triangle. a weakening Bullish formation forming over past 9 days, albeit on low volume. Breakout from this channel is unlikely during the current wave impulse, with high resistance, low daily volume but should it occur could ignite a recovery wave; Although this 5th impulse wave has exceeded my wave model's forecast expectation of 25076, it is progressively weakening (plateau formation)) and either at or very near a short-term top, with strong resistance above 25240. Elliott theory projects possible extensions of Wave 5 based on height of wave 1+3, measured up from bottom of 4th wave; this estimation shown on chart in color grid yields possible high of 25238 at Fibo .618 for this wave impulse, likely occurring this week between 18-20 July (Wave 5 top). NB: Wave 5 closed Tues at 0.50 Fibo for the impulse- and reached 25155 intraday within target shell, for a possible near-term top; Market is ripe for a pullback soon and anything could start a tumble, however in looking at the Bullish price action, bullish impulsive waveforms, and considering solid fundamentals and decent earnings, a distinct possibility of only a modest 0.618 Fibo pullback to a possible wave C low at strong support of 24474 seems more likely than another deep cut, but should it break through support at 23800 will likely hold. Look back at April/May waves shows this pattern of a modest pullback from 5/22 -5/29, with a wave low ending near .618 retrace on 5/29 (Wave A); the shallow pullback was followed by the strong June impulse that carried index to 25400. By theorem of alternating behavior of waves, we had a sharp, deep wave in June following May's short, shallow pullback; so, next week in July may present a similar short, shallow pullback to near strong support at 24620, the 0.50 Fibo retracement, if index holds within shell bottom look for 24474 floor. Notably, B Waves have shown an expanded pattern - rising higher after each correction in channel as market chugs toward recovery. Given good economic outlook the correction may end in August after churning for six months with recovery going into the US midterm elections. It might be prudent to use any significant pullback to cover shorts and position for longs. If the alternating pattern holds and the symmetric triangle resolves in bullish manner, sidelined cash will pour into the market in August and drive it towards recovery. August often is a pivot month, reversing prior year's trend. Fibo grid suggests possible high in August of 25760, if Bullish impulse resolves in uptrend and leads to correction recovery. Notable article: www.scienceinvesting.com
DJ:DJIShort
by DaddySawbucks
6
Probably at or near Dow top for short entryWave model projected 25076 on Dow got to 25070. Divergence in indices suggests flight to quality - dumping tech to buy blue chips, nervous toppy behavior. Can go higher but is due for a pullback and possibly a substantial drawdown. Wave C could carry to 23800 or lower. Could get a shooting star Tues to confirm topping. Other indexes already moving lower and global markets showing weakness. Reactionary wave B is ending- soon. Shorts placed and puts purchased at or above this price level are probably about lowest risk you can hope for in this game of high stakes risky business. Good luck! PS An SPX trader has observed that over past 3 months wave highs occurred at New Moon; Wave lows follow 2 weeks later at Full Moon- neat! Let's see if it holds...
DJ:DJIShort
by DaddySawbucks
5
Ontology, ONTBTC - Ready for a Quick Recovery? As with BTC/the market, Ontology had to take a big hit the last few days but there are a few signs that could lead to a quick recovery. Analyses - ONTBTC recently broke out of a channel (blue) after making a full 5 wave up in this channel/timeframe (degree) and is now in a new downward channel (purple). If we look at the EW of the correction, then we could count a 5, 3, 5 wave structure. If this is correct then we should expect a new impulse wave or at least a little bounce from here. - The retracement has reached past the .50 fib level and is very close to the .618 - .65 fib level, which is usually where buyers come in. - Also, you see a divergence in the RSI and MACD which indicates a weakening of the bearishness. Must say that at the current market sentiment it's hard(er) to go for a bullish or recovery scenario cause there's still much uncertainty so be cautious and wait for more confirmation, change in sentiment or go for smaller size when trading for short-term gains. But if we do get a recovery from this point on, then you can use the above projection as a guideline. Leave a comment if you have any questions. Like the post, if you liked it and share it if you loved it. This is for good karma. And until next time, good luck with your trading!
Long
by Trade_Masters
2
ZILBTC: 1100-1700 possible retracement targets after major bull The chart says it all. ZIL has gone up substantially in the past 8 weeks, and now it's looking as though the market could not resist to sell off the huge profits gained. SHORT opportunity (theoretically, as I do not know of an exchange where you can short ZIL yet). If you do know, comment below. TP1: 1700 satoshis TP2: 1400 TP2: 1100 However, if any, I repeat, ANY good news for Zilliqa comes out, it's very likely that another major bull run will ensure, because the community is exuberantly enthusiastic about the project. Zilliqa mainnet has not yet launched, but if and when it does, we could see $1, $2, possibly even $5 ZIL due to FOMO buyers coming in droves. Good luck making profits!
Short
by CryptoGraffer
1
Investigation of Current Status of Bitcoin - worth of ReadigIn this post - I'm going to examine Bitcoin across the board covering the following: 1.Basic Technical Analysis ( Trend Lines , Candlestick formations, Moving Averages) 2. Elliot Waves Analysis 3.Marcet cap analysis, Volume Analysis, Fundamental Analysis . 4.Number of short positions (BITFINEX) 5.Number of long positions (BITFINEX) 1.From a Daily chart , we can see that BTC bounced well from the year 2017 trendline and broken aggressively countertrend line. Additionally, 50 MA and 20EMA generated the cross signal which us bullish as well. On the other hand, we can see so-called "Death Cross" - crossed 200 and 50 MA, as well as that price bounced back down from 200 MA with the bearish engulfing candlestick formation. From the weekly chart, we can see a nice bounce from 50 MA and 20 EMA and 200 MA heading upwards. That's: 4 points for Bulls and 3 points for Bears. 2. From Elliot wave Analysis it seems BTC forming Symmetrical Elliot Triangle Wave (ABCDE) in a Bull market as part of the 4th correctional wave. We saw 5 waves down and only 3 waves up so far, however, there is still a high possibility of the aggressive bullish move because as you can see Bears struggle to overtake a control. However, if Bulls will not be able to make a break above 10 000 lvl we can assume that Bear market continues and that this was ABC correction after 5 ways down. 3. From CoinmarketCap we can see that BTC capitalisation increased from 112,467,000,000 to 157,350,000,000 (today's data). Thursday 26 of April was the highest daily volume of BTC Futures since the introduction to NYSE. That means that Bitcoin whales coming back to the market and institutional investors start to invest heavily after paying taxes on their accumulated profit over the last year. From recent news Rockefeller, RockFund and George Soros started to invest heavily in cryptocurrencies thus its time to watch if this volume continues. Additionally, during G20 meeting - policymakers didn't see any danger to the economy from cyptocurrencies and decided just to continue to observe the behaviour of a new financial instrument ( BTC Futures ). coinmarketcap.com cointelegraph.com That's: 4 Points for Bulls and 0 points for Bears 4. BITFINEX provide data of number of Short position of their traders. From chart we can see that number of short positions start to deacrease and that's a good sign for Bull, as well RSI is not oversold yet and means that more downside in number of shorts - still possible That's: 1 Point for Bulls and 0 points for Bears 5. BITFINEX provide data of number of Short position of their traders. From Chart we can see that number of long positions are decreasing as well, however it's extremely oversold right now on RSI and if we go back to few month ago we can see what happened when number of long positions went so low before. We can expect growth in number of long positions in a next few weeks. That's: 2 Points for Bulls and 1 point for Bears To conclude my Analysis lets count points of Bulls and Bears: In overall: 11 points for Bulls and 5 Points for Bears. The Overall sentiment of the market is positive right now but price action is too slow. If we see a bit more aggresive move towards 10 000 - I think we will gove to 12,500lvl easily by the end of May. Please like and subscribe if you want more analysis from me, because your feedback encouraging me for more action... Good Luck, VW. Disclaimer: I am not a financial advisor, Im just giving you my thoughts and analysis.
BITFINEX:BTCUSDLong
by I0_USD_of_Warren_Buffett
3
Investigation of Current Status of Bitcoin - worth of ReadingIn this post - I'm going to examine Bitcoin across the board covering the following: 1.Basic Technical Analysis (Trend Lines, Candlestick formations, Moving Averages) 2.Elliot Waves Analysis 3.Marcet cap analysis, Volume Analysis, Fundamental Analysis. 4.Number of short positions (BITFINEX) 5.Number of long positions (BITFINEX) 1.From a Daily chart, we can see that BTC bounced well from the year 2017 trendline and broken aggressively countertrend line. Additionally, 50 MA and 20EMA generated the cross signal which us bullish as well. On the other hand, we can see so-called "Death Cross" - crossed 200 and 50 MA, as well as that price bounced back down from 200 MA with the bearish engulfing candlestick formation. From the weekly chart, we can see a nice bounce from 50 MA and 20 EMA and 200 MA heading upwards. That's: 4 points for Bulls and 3 points for Bears. 2. From Elliot wave Analysis it seems BTC forming Symmetrical Elliot Triangle Wave (ABCDE) in a Bull market as part of the 4th correctional wave. We saw 5 waves down and only 3 waves up so far, however, there is still a high possibility of the aggressive bullish move because as you can see Bears struggle to overtake a control. However, if Bulls will not be able to make a break above 10 000 lvl we can assume that Bear market continues and that this was ABC correction after 5 ways down. That's: 1 point for Bulls and 1 point for Bears. 3. From CoinmarketCap we can see that BTC capitalisation increased from 112,467,000,000 to 157,350,000,000 (today's data). Thursday 26 of April was the highest daily volume of BTC Futures since the introduction to NYSE. That means that Bitcoin whales coming back to the market and institutional investors start to invest heavily after paying taxes on their accumulated profit over the last year. From recent news Rockefeller, RockFund and George Soros started to invest heavily in cryptocurrencies thus its time to watch if this volume continues. Additionally, during G20 meeting - policymakers didn't see any danger to the economy from cyptocurrencies and decided just to continue to observe the behaviour of a new financial instrument (BTC Futures). coinmarketcap.com cointelegraph.com That's: 4 Points for Bulls and 0 points for Bears 4. BITFINEX provide data of number of Short position of their traders. From chart we can see that number of short positions start to deacrease and that's a good sign for Bull, as well RSI is not oversold yet and means that more downside in number of shorts - still possible That's: 1 Point for Bulls and 0 points for Bears 5. BITFINEX provide data of number of Short position of their traders. From Chart we can see that number of long positions are decreasing as well, however it's extremely oversold right now on RSI and if we go back to few month ago we can see what happened when number of long positions went so low before. We can expect growth in number of long positions in a next few weeks. That's: 2 Points for Bulls and 1 point for Bears To conclude my Analysis lets count points of Bulls and Bears: In overall: 11 points for Bulls and 5 Points for Bears. The Overall sentiment of the market is positive right now but price action is too slow. If we see a bit more aggresive move towards 10 000 - I think we will gove to 12,500lvl easily by the end of May. Please like and subscribe if you want more analysis from me, because your feedback encouraging me for more action... Good Luck, VW. Disclaimer: I am not a financial advisor, Im just giving you my thoughts and analysis.
BITSTAMP:BTCUSDLong
by I0_USD_of_Warren_Buffett
2
LTC correcting from Elliott wave structureLTC is currently correcting from the Elliott wave structure prob till 0.5 or 0.65 fib lvl and is forming a downward channel. After correction I think we are going to see the 3th wave of the bigger Elliott wave structure that it is forming. NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep. If you want to donate crypto: L T C : LgdvQDGv4v4krzdmVmozSopdvcLUbpj3Ye B T C : 1Dx6c5e4BNaDMtSBp53dWGExYJccxmqc7k E T H : 0x43e36a719c407285ec3c967857d13e9926771b78 X V G : DFT1FpC1d9MBHfFB7M4UPjorQEfJuFQEoh
by richardwittekoek
So Apparently The Dip Wasn't Really The Dip..... ADA CardanoI hit you guys with a scenario of us having finished our Wave 3 and being in our Wave 4 correction.... But that wasn't so. As you can plainly see we pumped even MORE!!! Wow, Cardano really went on a moon mission with this one. So apparently we had finished SUBwave 3 of wave 5, and we broke the 2.618 and almost made it to the 3.618 Fibb Extension of waves 1 and 2. So now I have corrected the wave count and have added the subwaves to explain how I derived my conclusion. We caught the 5 wave extension, but this still follows Elliot Wave rules because wave 3 is not the shortest and wave 2 and 4 do not overlap. Whala!! So now that we are EXTREMELY overbought and have seemingly completed our count for wave 3, we should have the nice retracement for wave 4 that I had been expecting when I posted the last chart. My Wave 4 target is still for the 0.382 Fibonacci Retracement, however this target is now around 2900 satoshis. And once we have completed this correction I have a wave 5 target up at the 3.618 Fibb Extension of our main waves 1 and 2, which is about 4450 satoshis. I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!
Short
by x28Jakke
1