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EWA

Elliott Wave Analysis of USDCAD 15MinI have recently come in to Elliott Wave Analysis (EWA) as my trading style. I enjoy looking for the Wave count/cycle, the fundamental analysis behind the Waves and, imo, the great outlook it can give on future market movements. Without further ado, here is my prediction for the USDCAD on the 15Minute charts. Current Analysis: Wave 1 started at 1.37146 and ended at 1.38326. Wave 1 also formed it's own, 5-Wave substructure. Wave 2 is currently testing the 38.2% retracement. Another key factor here is the Pivot at 1.37632 acting as a S/R level. Wave 2 has also been a "normal" or "simple" correction Predictions: Case A: Wave 2 is finished forming and Wave 3 will begin. A normal Wave 3 top prediction at the 161.8% extension of Wave 1 @ 1.39055. I'm predicting a "normal" Wave 3 based on the fact Wave 2 has been a "normal/simple" retracement (in comparison to an irregular or complex correction). Wave 4 is setting up to be a complex correction (trader beware) followed by an extended Wave 5. Case B: Wave 2 breaks pivot/retracement levels and continues Wave 1 retracement. KEY LEVELS: 23.6% @ 1.37424 ; 14.6% @ 1.37318 (based on my own analysis) In Case B, my analysis will stay valid as long as retracement does not exceed 100% of Wave 1. If Wave 2 DOES break current pivot/retracement, look for the bounce to occur at KEY LEVELS listed. I have personally put my long order in as I believe this to be the current bottom. Current order: BUY@1.37850 SL@1.37400 NOTE: To make this trade a bit more safe, I could have set my SL a few pips BELOW the start of Wave 1. However, I believe I have a strong analysis and believe the next move is up; which is why my SL is set a bit higher. This IS FOR ANALYSIS USE ONLY. Feedback is greatly appreciated and the main reason for my posting. I want to become proficient in EWA and become the best trader possible using this analysis!
Long
by RKE_2019
1
THE WEEK AHEAD: ZM, IWM, EWA; VIXEARNINGS: ZM (64/88) announces earnings on Tuesday after market close with the June 20-delta 155/220 short strangle paying 9.40, the 145/155/220/230 paying 3.50 with after hours markets showing wide, however. EXCHANGE-TRADED FUNDS SCREENED FOR 30-DAY IV >35% AND SHOWING JULY SHORT STRADDLE PRICE AS A FUNCTION OF SHARE PRICE: SLV (48/36), 10.0% EWA (47/38), 9.0% EWW (41/40), 10.3% XBI (39/42), 11.2% GDXJ (38/56), 15.3% GDX (37/46), 12.4% TQQQ (36/89), 21.0% XLE (32/44), 11.4% EWZ (31/50), 13.3% SMH (30/38), 10.2% XOP (21/56), 15.1% USO (18/69), 17.7% BROAD MARKET SHOWING JULY SHORT STRADDLE PRICE AS A FUNCTION OF SHARE PRICE: IWM (45/39), 10.2% QQQ (27/28), 7.3% EFA (27/25), 6.4% SPY (26/27), 6.8% DIVVY EARNERS WITH JULY SHORT STRADDLE PRICE AS A FUNCTION OF SHARE PRICE: EMB (22/17), 4.1% EFA (27/25), 6.4% EWZ (31/50), 13.3% TLT (19/18), 4.5% EWA (47/38), 9.0% IYR (39/32), 8.5% XLU (34/25), 6.7% HYG (26/16), 3.7% SPY (26/27), 6.8% Notes: One thing you'll notice right off the bat is that the ranks of all of the shown exchange-traded funds are in the lower half of their 52 week ranges, so it may be a time to hand sit, dry out powder, and work various broken plays you may have on and that still need work versus getting into new stuff in a less than ideal premium selling environment. For longer time horizon players and investors, the next high risk event will likely be (no surprise here) the November elections, so it makes sense to have buying power free in the event that it proves to be something more than a "nothing burger" from a volatility perspective. I'd particularly like to have another go at some of these dividend earners, none of which I've been able to pick up shares in since laddering out short puts at maximal implied volatility.
TVC:VIX
by NaughtyPines
THE MONTH AHEAD (IRA): EX. CANADA/U.S. ETF'S FOR DIVIDENDSIt shouldn't come as a massive shocker to anyone that the U.S. market has been and has gotten even more expensive. For an investor that is just starting out, it is enormously frustrating, since virtually everything is at the top of a very long term trajectory with the broad market yet again knocking at the door of all-time-highs. Here are a few acquisition ideas for ex. U.S./Canada exchange-traded funds that pay in excess of SPY (1.90%), IWM (1.33%), QQQ (.84%), and DIA (2.21%) and TLT (average 20-year maturity treasuries) (2.22%). To put things in some additional context: HYG (High Yield Corporate Bonds) is paying 5.29% (paid monthly), EMB (Emerging Market Bonds) -- 5.45%, XLU (Utilities) -- 2.93% (paid quarterly), and IYR (REIT) -- 2.63%.* EEM: Emerging Market. It gets huge volume (79 million 90-day) and is extremely liquid on the options side of things. The downside is that you get about TLT is currently paying in yield -- 2.22%, paid out quarterly, and fund managers had to muck it up by sticking a whole bunch of China in there. If I wanted to play a Chinese exchange-traded fund, I'd play one (e.g., FXI). EFA: Behind the funky acronym (MSCI EAFE), this is basically a world excluding the U.S. and Canada exchange-traded fund. Sporting a 3.18% yield, it pays dividends every six months, trades healthy share volume (90-day average 18.3 million), and has good options expiry availability and liquidity, a must for investors looking to go short put/acquire/cover. EWA: Australia. Granted, the share volume isn't great (1.7 million 90-day), but the yield is 5.54%. Expiry availability isn't fantastic and neither is option liquidity. Dividends pay out twice a year. 21.82/share as of Friday close. EWG: Germany. 90-day 1.98 million shares average. 2.83% paid once a year. Decent expiry availability/liquidity. 26.44/share as of Friday close. EWI: Italy. 90-day 1.90 million shares on average. 4.63% paid out once every six months. Expiry availability/liquidity isn't great, with the general solution being to be "fill picky." 26.95 as of Friday close. EWW: Mexico. 90-day 3.20 million shares traded on average. 4.17% paid out twice a year. Good expiry availability and option liquidity. 43.64 as of Friday close. EWT: Taiwan. 90-day 5.80 million shares traded. 2.74% paid out once a year. Expiry availability isn't great and neither is options liquidity. 36.71 as of Friday close. EWZ: Brazil. 90-day 21.58 million shares traded. 2.71% paid out every six months. Excellent expiry availability/options liquidity. 42.11 as of Friday close. RSX: Russia. 90-day 5.58 million shares traded. 4.31% yield paid out once a year. Expiry availability/options liquidity decent and decent. 22.51 as of Friday close. The general play on these would be short put, acquire, then cover. Naturally, you'll probably want to drill into the charts on each of these to determine which ones might be trading at a discount. * -- IYR, XLU, and EMB have ripped higher recently, so are kind of out of range of prices at which I'd like to acquire. Forever the optimist, however, I've got a couple "not a penny more" short puts hanging out there in XLU and HYG. (See Posts Below).
AMEX:EFA
by NaughtyPines
#AUDUSD - Intermediate (C) - February Wave Counts - Part 9AUDUSD labeled in a bullish correction of a larger degree pattern, with Intermediate (A) (green) unfolding as a Leading Diagonal, and Intermediate (B) (green) unfolding as an Expanding Flat structure. Intermediate (C) (green) would be rising in a rally, with an aggressive and impulsive buying stance expected for the Aussie Dollar. If you like my work, please support me with a like. More details in my signature. Many pips ahead!
Long
by Lionheart-EWA
BTC Downtrend still in progress - what's nextHere is my EW analysis on where COINBASE:BTCUSD is headed for the next couple of weeks. We're still in the final correction wave 5 which is likely to continue for the next 4-5 days. Look for a potential entry point between 8450-8650. If Wave five breaks through channel support at 8400, look for the next entry target around 7850-8000. Once trend reversal confirmed, expect about an 8-10 day bull run for COINBASE:BTCUSD to return to widely popular, stellar prices above $16,000. Hope this analysis is insightful. Eager to hear your thoughts. Feel free to reply below with your feedback.
COINBASE:BTCUSDLong
by javrick
3