Repeating Expanded Flats?Just a quick post here. I included this as a screenshot in another published chart shown below, but wanted to share this idea by itself.
NOTE -Expanded flat C wave typically stops either at the 1.618 or the 1.236:
- Logarithmic chart has corrected down to the 1.618 exactly.
- Linear chart shows us stopping near the center point between the 1.618 and 1.236, near the 1.427.
Original post:
Another note - I'm super bullish on DXY, which should be bearish for crypto and stock markets. For the above move to occur, I'd expect us to see DXY re-test the area around 103.
Expanded
Expanded Flat Correction Soon or Longer Accum Phase FirstThere have been two bull runs so far for HBAR, each forming higher levels of support above its previous lows. It appears to be consolidating above the area of the first run; similar to how it consolidated above its original lows before the 2nd run. Trend-based fib extension also has the chart consolidating above the 1.618 fib of what could be an expanded flat correction, which I've posted about previously (linked below under related ideas).
This chart shows two theories about that:
1.) a bull run soon from a typical expanded flat correction - everything appears lined up for that, and it has broken its 3-day downtrend, but is still missing the volume spike needed for that run
2.) without that volume spike soon, there may be a 3rd and longer accumulation phase that drags out to some date prior to the 2024 btc halving
Note that the last two runs also had long and longer accum phases as well. Either is possible, and there still hasn't been a strong test of support since initially getting here, which could also be a possible trigger for the spike that is needed.
BTC Elliott waves prediction for next months (expanded flat)Since 65k top in April 2021 we made a severe correction to 30k as an ABC , since then we pumped to 40k as an A then we corrected as a B and then we started a five waves up as a C.
We can see that wave iii is more than 1.618 of wave 1 and if we analyze wave iii we can see that waves proportion are respected (3 isnt the smallest wave) and that wave 4 is a triangle that gave us an accurate target for wave 5 of iii, now we are retracing to the 0.382 0.5 region: the low 50k (typical for a fourth wave) that is top of wave i and bottom of the upper range based on VPVR
Then we will pump to the 75k region (wave v is 0.618 of wave i+iii)
After that we will retrace to 45 35k (hard to tell where it will stop) to end macro wave 4 as an expanded flat and then start wave 5.
ORBEX: Dollar Weakness Drives Euro and Yen Higher!In today’s #marketinsights video recording, I talk about EURUSD and USDJPY FX Majors
Both major pairs were affected by incoming trade war flows, following China's rather pessimistic view on proceeding with a phase-1 of a potential trade deal.
Euro could move towards 1.11 round resistance and yen could push the dollar down near the 108 round support.
The above scenarios have validating signals that you can find watching this video!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
ORBEX: EQUITIES REACH FRESH ALL TIME HIGHS!In today’s marketinsights video recording, I talk about SPX and DXY .
SPX keeps hitting fresh highs despite Fed's message to keep rates on hold until 2020. Trade wars do seem to be influencing flows more than anything else right now? Whatever the case, sharp upside and overbought hints to exhaustion!
The DXY's recent upside though should be watched closely. It's either an expanded flat or a zig-zag correction, so, could expect either a decline or a correction.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
EUR,USD,JPY Go Nuts After ECB! Fed, BoJ Expectations More DovishIn today's #marketinsights video recording I analyse EURUSD and USDJPY!
Euro, dragged lower by the reinstation of the QE programme, was able to reverse post-ECB losses on the back of:
- Limited rate cut compared to markets expectations (only 10 basis points)
- Draghi's call on governments for fiscal stimulus (supporting EA economies?)
- Widening yield differential against the dollar (ECB can't move lower, Fed can)
- Expectations that the Fed will cut next week (a weaker dollar)
On the other hand, the yen was also negatively affected by ECB's decision to ease. But with an ultraloose policy in the books for quite a number of years now anyway, easing would be worst in Japan rather than in the US. Hence the bullishness in USDJPY!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
3180 SECOND BOTTOM IS COMMING - IKINCI DIPSizin de bildiginiz gibi ikili dip genel yukselisi saglayan onemli donus formasyonlarindandir. Benim beklentim de ikinci dibin olusmasi yonunde. Bunun icin gerekli hareket de Elliott a gore EXPANDED FLAT - belkide IRREGULAR EXPANDED FLAT ile mumkun gozukuyor.
DXY 2018 Will be bullish for USD Hi there, DXY is about to complete the bearish wave the wave we were looking for on 4hr time frame for downside.
Big players are getting ready for reversal on USD for 2018. Last week closed strong bearish on DXY and strong Bullish on EURUSD. We believe that DXY and EUR will not go far away as they have already moved a lot so reversal is on the card very soon if we dont see reversal at least we will see bigger correction for continuation but that's secondary . Currently there is no any sign for reversal on lower time frame. Next week it will be crucial for the DXY and EURUSD to give some signal on lower time frame for reversal.
If price action start to build on lower time frame then look for buy on DXY and sell on EURUSD. Thanks for your support.
EXPANDED TRIANGLE (A T )Dear Traders & Followers,
There is a possibility to go SHORT from current price .07050
to the level of 0.6920.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing Forex Team
USOIL-H4 short term and long term targetsLets combine Elliot Wave and technival analysis. According to D1 chart price is bouncing from a long term S/R and neckline (triple top):
We see also a previous WXY structure already completed.
Here on H4 chart:
- 0.61 fib retracement
- first convergence
- trendline (channel) broken and retested
- H1 expanded flat
Thats all, entry point and targets are shown on chart.
Best regards
Kiwi/Yen outlook into 2017! Looks line an expanded flat correction completed or nearing completion here. This could be monster move down with great R/R. I've closed 100 pips on Friday close and I'm only looking for short set ups on this pair! Give me a thumbs up if you like the idea and leave me some comments on what you are thinking! :D
*if you're new trader do not trade my set ups or ideas unless they add up to your analysis! #100 ;)
We can learn together!
GBP/JPY - Expanded flat correction unfoldingShort term a minor expanded flat correction is unfolding. Wave and already is in place and now wave higher to 172.98 should be expected.
The most common relationship between wave a and wave b within an expanded flat correction is that wave b is 138.2% longer than wave a and that is precisely what we have seen.
Looking at the wave relatioship between wave a and wave C the most common relationship is that wave c is 161.8% longer than wave a and this will be the case at 172.98.
Short term a break above minor resistance at 168.81 will be the first indication of a rally higher in wave c. A break above resistance at 169.51 confirms that wave c is unfolding towards 172.98.
Once the 172.98 target has been reached, the risk again turns to the downside for a decline to 166.38 and the S/H/S target at 164.45
we are in Fat(3-3-5),wave C of Fat is a Ending diagonal.Flat (regular, expanded, running)
A Flat is a three-wave pattern labeled A-B-C that generally moves sideways. It is corrective, counter-trend and is a very common Elliott pattern.
Expanded flat
• structure is 3-3-5
• wave B moves beyond the start of wave A
• wave C ends more substantially beyond the ending level of wave A
• appears in wave two or four in an impulse, wave B in an A-B-C, wave X in a double or triple zig-zag, or wave Y in a triple threes
Ending diagonal
An ending diagonal is a special type of pattern that occurs at times when the preceding move has gone too far too fast, as Elliott put it. A very small percentage of ending diagonals appear in the C wave position of A-B- C formations. In double or triple threes, they appear only as the final "C" wave. In all cases, they are found at the termination points of larger patterns, indicating exhaustion of the larger movement.
• structure is 3-3-3-3-3
• a wedge shape within two converging lines
• wave 4 must trade into a territory of a wave 1
• appears primarily in the fifth wave position, in the C wave position of A-B- C and in double or triple threes as the final "C" wave
The above content quoted from "www.ew-forecast.com", all peer originator!!!
Copper yet has not bounce but still can do it.This is a follow up of the last elliott wave analysis published 8 months ago www.tradingview.com
The basic change is in the extended 5th.
The diagonal as we expected did not work due keep the original wave count as originally stated is impossible due now will see the 3rd wave as the shortest. This can't be even in diagonals.
So the best way to update it is by extending the 3rd wave as a double zigzag and then count the following up sided zigzag as a wave 4.
This give us space for the fifth wave that is getting near to the 1 to 1 proyection for the 5) vs the traveled from the start of 1) to the end of 3) measured from the end of 4).