EURUSD - Elliott wave – update – FLAT (a)(b)(c) to wave (iv)EURUSD - Elliott wave – update – FLAT (a)(b)(c) to wave iv
downtrend from 1.2215 in wave ((a)) looks not finished yet.
wave tren is over - possible expanded flat abc to wave (iv) - b projection 1,1770
ALT: wave (iii) is not over
critical price area
previus daily close 1.1823
PP 1.1840 DW
Expandedflat
BTCUSDT Analyze/ Corrective Structure (Expanded Flat Mode)Wow, we had challenge days , what did you do? , did you have BTC , or u sold them before ?!
As I said you before on most of my posts, we are on Corrective Structure ( Expanded Flat Mode ). If I want to say you exactly, we are on microwave 4 of main wave C , I am expecting that microwave 4 will run between 35893$ to 40108$ , after that, we will wait for dump again until 30000$ (Probably).
My prediction about new impulsive waves is 24 May until 29 May ( TRZ )
Support Zone : 34360$ - 35893$
Resistance Zone : 39161$ - 40108$
My Suggestion: we have to find the best Triggers near the Support and Resistance zone and then open short & long position for the short term ( Use from range channel between support and resistance zone )
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas on this post.
Please do not forget 'like' button :) & Share it with your friends, Thanks and Trade safe.
Good luck
Cheap Ethereum? Elliott says its possibleBefore you jump on me for being a bear, I am not. I am a chartist and a realist. I am simply bringing you what I see. I am not trading with you, I am charting with you. This is for educational purposes only.
I like Elliott wave, working on that CEWA Level 1. Here is ONE of the possible counts for ETH right now - Theres also a bull argument.
I am thinking we could be witnessing an expanded flat, or a running flat (depending on if/where wave Y will end).
Running flat says we could end anywhere around .618-1.0 of wave W.
Expanded flat says we could end anywhere around 1.0-1.618 of wave W.
Theres a lot of work to do to make this happen, but I will leave you with this; what happened in 2017 during the BTC top? The answer: CME BTC Futures. What just came out today? CME ETH Futures.
Pundi is getting ready for a jumpAs you see, Pundi is within wave 4 which is being formed by a expanded flat pattern. Usually wave 4 is ended near wave 3 or 4 of previous trend. So it seems it's the end of the wave 4 and it'll have a upward wave called wave 5. I think wave 5 has a truncation and it wouldn't reach the end of wave 3 because wave 3 is extended and wave 4 had a sharp correction. So be aware!
Finishing up an expanded flat of double-three?These are the three different scenarios in preferred order. I only slightly prefer black to blue.
Black scenario:
We're in a lesser ((5)) of a iii, or maybe even a (5) of a ((3)) of a iii. This is within (c) of an expanded flat, that is the second part og a double-three-zigzag-flat correction that makes the end of wave 2 of 1.
Blue scenario:
This is almost like the black one, but instead of a double-three, the whole structure since black 1 is an expanded flat. The reason I prefer black scenario over this is that in this (blue) scenario, the wave ((b)) retraces all the way back to the 1.414 retracement of ((a)), but in the black scenario wave (b) is only retracing a little past 1.236 of (a).
On the other hand, in favour of the blue count, the blue ((c)) would be able to end 2 in the 0.705-0.786 retracement area, or further, of wave 1, while in the black scenario wave 2 would end just past 0.5. While 0.5 is ok, 0.705-0.786 is more normal of a 2 retracement.
This would indicate that, at this point, were in a fifth wave of a first wave, of a larger degree, on our way to five down into the 37000-29000 area.
Red scenario:
I find this really unlikely because red ((i)) looks a lot more like an ABC than a motive wave.
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Corrective Mode: Running Flat or Expanded Flat ??!!Please watch BTC/USD carefully and say your ideas about it , How likely is it (Expanded or Running)?
Waves Counting always can change. and we have to update our charts faster.
Tell me your ideas about my counting and share it for your friends that know about waves :), Thanks.
Good luck.
$AAPL - Potential Expanded Flat CorrectionNo offense to the bulls, but with so many bullish ideas shared, I think this may be the time to short this ticker.
From an Elliott wave perspective - it looks like 3 waves down since February 2020 drop was wave A and 3 waves up to complete wave B.
Wave C should take us to either -0.236 to -0.618 level.
Standard Target for Expanded Flat Correction:
Wave B = Retrace more than Wave A, 1.236%
Wave C = Goes beyond the end of Wave A. 1.236 to 1.618%
COMP and his running flat ambitionsGood morning Traders
This is my primary count for COMP.
Seeing this entire corrective move as a larger wave 2 after an explosive W1 from $33 to $373 on Uniswap back in June.
Ultimately looking for much higher as the DeFi space grows in a bull market but targeting $305-$311 for now before a final 0.618 retracement to complete a potential running flat to complete wave 2 before the next leg up (or an expanded flat if the final corrective wave ends up being a deeper retracement).
EUR/USD LongWe are now seeing some move to the upside and I am expecting even more especially with the DXY showing signs of downside.
I am watching to see if we start to create a larger flag for more downside or whether we are seeing the turning point from here. The first flag forming will be a much clearer play!
US Equities in Expanded Irregular Flat correction; Bearish Bat!B-D a perfect Fibo 1.618 extension to 1.05 x X-A in double top. This is extremely Bearish. Megaphone pattern suggests continuation of correction to tar zone ~27600.
Might expect a last push to ATH in April after target zone achieved. We got divergence in Transports DJT and Russel 2k RUT, both lower with mixed markets- toppy!
This is not investing advice; post is intended purely for education and your wry amusement! Trade with care, GLTA!
ORBEX: Trump's Impeachment Moves WTI, GOLD!In today's #marketinsights video recording I analyse #XAUUSD and #WTI
#Godl and #Crude on the move:
- Official inquiry for Trump's impeachment
- Trump's UN nationalist-heavy speech
- Disappointing Consumer Confidence
- UK's PM illegal prorogation
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
ETH updateWe can see, 4th wave correction ABC, expanded flat at 4th wave which is a common thing to see of course with a desanding volume!
we can see a bullish divergence in the RSI as well, so all the dotes point uptrend right now.
Hit me up with questions, here at the comments and I'll do the I can to answer as fast and good as I could ;)
#Bitcoin : Heading For The Last Chance To Accumulate. [#LAST]#Bitcoin_Update
You might not seen signals and ideas from me this past 4 days but that was mainly because our last update on Bitcoin is doing as perfectly predicted and as I have said it just seeing the market move while you know the outcome is the best option in professional trading. As you have remembered our last first expectation signal of an extended flat corrective wave is doing well and moving in a perfect and very healthy way for a good reversal upward trend.
The 4th minor wave is done and we are now on the last and basic corrective 5th wave towards the next major resistance first at our last major low of 9651$ and further to the points of 8000$ - 8200$ area which even might further see the 7044$ area of the major support for the 1W chart. I am very happy for this major correction since we have a good opportunity for an accumulation phase which might be for the last time in Bitcoins history and since we will have a good days coming in the near future of the ALT season to begin. I am still expecting a further downward move from Bitcoin and panic can never be the logical answer at this point since I believe this is a technically supported trend and a very healthy one too.
Please drop a Like if you agree with this idea and your comment if you have further another type of outcome you believe. Further please help us to grow our community number by following our profiles both in here at trading view and major social media platforms @ TogetherWeAccumulate .
With Regards.
#Bitcoin_Update : Where To Go Next? A Major Correction Coming!?#Bitcoin_Update
Bitcoin moving exactly as we predicted on our last update forming an expanded flat corrective wave of Five. Currently testing the corrective 50% fib level at around $11759 area. If it can't break out from this area which is the most probable outcome from the study, we will be heading for the formation of the third wave of the major wave C which have the possibility to go further towards first to $9651 and if the expanded flat corrective wave is going to develop will rebound from there towards the $10553 for a corrective correction move and will be heading upto $8100 and even towards the 161.8% fib level at around 7044 USD. But we need some more time to conclude about the formation of an expanded flat corrective wave for now. In my opinion this is a most probable outcome to predict so far. We will give more updates on the trade soon. Stay Tuned For More.
Besides please consider to drop your likes if you agree with the idea and drop your comments if you have any disagreement on the idea for making a good learning progress between us. Further we would like you to help us grow our community by following our profile here in trading view and other major social media platforms. @TogetherWeAccumulate .
With Regards. TeamTWA.