Elliotwavesanalysis
GBPUSD, elliotwave update 25.07.2020, watch 1.27740$It seems that the previous prediction was right and we are at the box I plotted in the last (linked) analysis
I will only consider a reversal if I see a candle closing bellow 1.27740$
also the whole Analysis will be invalidated in if we crosses the line plotted as red at 1.28150$
based on the fact that the Ending diagonal is "thrown over" if the reversal happens it will be fast and sharp
for bearish setup:
1- wait for the confirmation price(1.27740$) to break
2- wait for a pull back and then short
3- stop loss at 1.28150$
USDJPY Trade Analysis by Wave FX Academy (LONG-Target 108.00)Hi Traders, here is my analysis for this pair. I'll be expecting a small correction in the market before the rally to the upside with possible bullish momentum entering the market.
Like and Comment your thoughts . All feedbacks are welcomed.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
LZB, big SHORT possible from rising wedgeStock Practice #3
Multiple confluences of bear trend -
1. Creating a picture perfect Elliot wave pattern called Impulse Wave Ending Diagonal.
2. Could also be called a rising wedge that will produce a bear trend.
3. Bear divergences occurring in multiple time frames.
4. ATR at mutl-year highs, could help with the breakdown of the rising wedge pattern.
Wait for confirmations for trend-line break.
EURUSD Short Set Up for 2021Hi ,,, Hope so every one is protected and in their great Health .
Here wave 2 is near to end / finish ,,,At Fibo Level :::: Wave 1 versus Wave 2 ,,, at 50 % retracement Price Level 1.1700 ,,That is my Profit Taking area for Wave 2 ending ...
Now I am Planning Wave 3 Impulsive in Direction of South / Short / Sell for Year 2021 ,,,,,
Here I am expecting Wave 3 would be an extended wave .
Wave 4 a complex structure may be 3 or more zigzager .
Wave 5 an ending diagonal in abcde structure .
Keep this for a Reference ,,There might be minor tweeks n twists on the way to south .
Feel Free to Scale this setup ,,,,,,means you add more orders on the way.
I wish every one a Happy ending . many many Green Pips .
Elliott Wave Reloaded
By mazchaudhry
Is there a formation of grant Shoulder Head Shoulder in Bitcoin?Hello guys, it's so curious about my analysis, because my we could to see a possible formation in Daily of Shoulder Head Shoulder, but look out what there are.
But, look how the candlestick in Daily that closed up in minutes it's confirm that we are to the moon soon!!!. Guys, Bitcoin is so prepared and I see the perspective so bullish to break up the simetric triangle from 2017 in Monthly or Weekly that you can to see it.
But now, if you see it in Bitcoin, Bitcoin is could to to reach with a lot trusted the zone of $9,800 USD
I believe that Bitcoin in weekly is so prepared to go to bull run soon!!! So, guys, I believe that we are to conclude the elliot wave # E, because if you noticed in 2017, it's touch when Bitcoin was in $1,600 USD in the bull run of 2017, so, this is one point historical of Bitcoin, now in weekly as we are into this ascendent triangle, so this is a possible escape until the $11,800 USD as target to reach. And also, sleeping of some altcoins that can to break up the explosion soon as Bitcoin continue in this range of into this ascedentr triangle, many altcoins could to reach the up the price. I follow a Cardano principally because I buy a lot ADA or Cardano, Cardano is one of my favorites and best project that could give ma a nice profit of earns in the future and re-value the price that now is 12 cents. While in other point i use mo money's trader to accumulate Bitcoin.
Also, tomorrow morning I will going to make a updates of Bitcoin price from H4 timeframe of the up.
Bitcoin show a possible resistance of the Bulls!!! Interesting!!Hello traders and crypto-community. Today Bitcoin is show in H1 timeframe a possible up of the price, that mean that Buyers are more strongest and strenghten that offerents (sellers). Well, sellers show me that is weakness and buyers are defend the $9,200 USD, and also the shoulder head shoulder inverted are invalided and then, show a bullish channel in H1 timeframe, that mean a possible an indicator for buy Bitcoin at this zone. Also, I mark a strong support line, that if Bitcoin touch above of then, Bitcoin could to explode and appear a grat bull candlestick in some hours or included to complete this approximately elliot waves correction ABCDE analysis. As a reference, this buttefly bullish, could be a exceptional that Bitcoin has force to continue up.
So, based in the H4 timeframe, Bitcoin is valid the 0.618% of Fibonacci, and that mean that Bitcoin in each H4 candletick could to mean that Bitcoin could to explode!!!
And guys, in Daily this is a possible proyection that I mark as reference to following this model in Daily timeframe.
Now, very important based in the conduct of Bitcoin, Ethereum could to following the same example of Bitcoin do!!!
Nasdaq weekly good short candidateNasdaq weekly time frame elliot wave counts,, wait for reversal of price till it re-enters the resistance line of rising channel patter in green dotted line,, below that if gives weekly close index might give water fall of 10-15%,,,once the condition is met and if counts are active,, maintain stoploss of recent peak..
US OIL: Weakness In Bullish MomentumHi Traders,
WTI is showing signs of slowing bullish momentum and will likely make a case for downside in the coming sessions. We are currently looking at a 5 wave ending diagonal, and this structure is a reversal pattern. Don't miss this move and look for short entries only when price confirms.
Regards
Wave Theorist
We hope a the price in Fibonacci zones importantHello guys, in this technical analysis, its one of the complicated for me. because we see a lot figures in the past. So, I found out that sterling is in buy off. Because there are a news of investing what I found it in the past hours.
"The U.K. prime minister Boris Johnson say is thay he expected from U.k. to relax social distancing guidelines on growing hopes for Britain's economic recovery"
So, this message of Boris it's was impact and has a good indicator from the U.K., and the contrary, today on Monday there are a bad news for the US Dollar.
Also, lets me see that in the operations it's supposed to closed up on Sunday, because there was have a bullish divergence in RSI in the operation of EUR/USD and AUD/USD, so now this par are bullish because there are a fears of US Dollar and has continue this fears in the country of much cases of covid-19. But, for my experience, is practice, because I have earning in profti, but, I closed up manually, but, remember, one of my best strategy is to read news, writing in the notebook all news and how it's may be a impact for the future. That is the best strategy for me, and also, I always work more to fix.
But, I do not bad in the operation, all practice it's become a master.
So, continuing in the technical analysis, we hope that the price is to leave at the 0.382% or 0.618% of Fibonacci to entry in a buy. And also, lets me say you is about this par is in the formation of Shoulder Head Shoulder inverted, and the RSI divergence is confirm that. Well, the target is in the $1.2574 USD, so its mean a movement of 160 pips.
And also, I add some images of the situation of this par:
In H4 timeframe we see a strong bullish
And also, we came from the bearish channel!!!
And the montlhly, we see that sterling is so devaluated their value throught of the years and that country it's can be to reach to complete the elliot wave # 5
How far will we go?Like i mentioned in my last analysis, we would probably top out at 3200 - which we did. We're now in a corrective move but how far will we pull back? I couldn't quite capture it on the chart, but the current wave A is in it's third wave, so we will see it bottom out soon after which the corrective b wave will move up to around 3100. After this move we will see a wave C come in 5 waves, but how far it will move we will just have to see. It doesn't have to pull back to the .618 retracement at 2600 and could just go back down to the bottom of wave A again - we will just have to wait and see.
What will be extremely interesting to see is after the overall corrective move is over, we will most likely be entering a wave 3 which will - believe it or not - be EVEN STRONGER than the wave 1 we saw. This might seem ridiculous and i don't really believe it myself, but it is what the markets are telling us.
Updates for EUR/USDAt the moment, the trend is following bullish and we keep it. So, look in Daily timeframe what type of structure we are.
So, we see that EUR/USD is bullish using the theory of elliot waves.
Now, in H4 timeframe, we see that EUR/USD is need to make a correction at the $!.1305 USD aproxx. to entry in this zone of buy limit. So we hope that make success this operation as USD/JPY that I am in short.
EWA of USDCAD PT3 [WEEKLY]
I decided to back out to an even bigger picture of the USDCAD and the direction we may be headed next. From the chart, we can see that two complete EW cycles completed between 2016-2019. Also note that they occurred back to back with no corrective action. At first glance, I thought that to be odd; however, upon looking again, the first EW cycle was a downtrend and the "corrective" wave turned in to the second, uptrend, EW cycle. Then we had a "double", or "complex" correction for the next year. This correction can also be viewed as a "consolidation" period for price to stabilize. The pair started its new EW cycle at the beginning of this year and completed Wave 1 of the impulse wave. We are currently testing the 38.2% retracement levels of Wave 1. Price may pull back and test levels here and bounce to start Wave 3; or, the heavy selling pressure may push price further down to the 23.6%, and possibly 14.8%, retracements. We could be seeing a bottom and a good time to start looking for a long position. Wave 3 is the wave to catch, so I'll be keeping my eyes open for a good entry in the coming days.
EUR/USD continue to a short position!!!Well, as I say in the past week, EUR/USD have a possible bearish movement at the zone of $1.0923 USD for each EUR. So, this is a bad, because all news it's may be that EUR/USD going to drop. So, the algo, we are in the elliot correction ABC with a moment bearish, so also, I put an alert when EUR/USD leave at $!.1127 USD, because this is my alarm what put to sell it and hoping confirmation.
Also, if you want, you can to see in hte H4 timeframe, because in this timeframe are very interesting to take ideas.
If you see in this screenshoot, we are in the highly zone to sell it. And also, if you consider the MACD we need also to give us a confirmation of sell it.
If you see in Daily timeframe, we are in the highly zone of sell it, and we are in the line of the bearish channel from a lot time.