Flat
GBPJPY probably last leg up toward wave 5 (yellow) 2/9/21GBPJPY monthly/correction most likely will be completed at around 160 after completing its flat correction pattern with wave 5 (yellow)..Also Price level of 160 would be a confluence area of 1) Major Supply zone 2) Monthly Down Trend line .. Stop Lost for the long is 149.184
flat correction 3-3-5possible retest 1821.5 (or higher up to 1827) before dropping again (1800 or 1797 or 1787)
strong resistance at 1831 if 1831 broken see 1836 and 1844 or 1847 as next target
IMO if 1787 retest then daily candle close at 1797 or 1800++
then 1844 would be next target (and possible target higher than 1844 especially 185x zone)
CHFJPY SELL | Elliot WavesCHFJPY is expected to breakdown to wave 4 of the Elliot impulsive wave.
wait for pull down and flat correction to enter
Bitcoin Analyze (Counting Waves+Scenarios)!!!Hi, I Came back again with Bitcoin counting waves. still, I am believing that Bitcoin was able to pass Main wave B at 48800$, also, As I said in my previous post ''Bitcoin Analyze (Counting Waves at Timeframe 15min)!!!'',❗️Warning❗️: over 46822$, my counting waves will be fail. and NOW, my counting was failed (Normal, counting waves can change). So I tried to count again and find 2 Scenarios for these Days & Hours.
I don't know that did you read my previous post about Bitcoin analysis or not !? if YES, please read this post, if NO, first please read my post with the topic''Bitcoin Analyze (Road Map)!!!🗺️''.
Bitcoin Analyze ( BTCUSDT ) Timeframe 30 min⏰
Location🌊: Bitcoin was able to pass Main wave B at 48800$. now, I think that Bitcoin is resting time ⏰. after Main wave B, we save wave A that it had 3 microwaves (5-3-5 ZigZag), so the Corrective Structure of resting time can be (3-3-5 (Flat) =Scenario 1) or (3-3-3-3-3 (Triangle (probably Contracting Triangle)= Scenario 2).
At the moment Bitcoin is running on wave B. we passed microwaves a & b of Wave B that they had 3 microwaves, so wave B is a flat correction (3-3-5). now we have to find the end of microwave 5 of microwave c of wave B.
Tip: microwave 3 of microwave c of wave B is extended. If wave 3 is extended, then wave 1 and 5 are often nearly equal in magnitude and duration. If equality is lacking, a 61.8% relationship is next most likely. If microwave 1 and microwave 5 want to be equal in size, microwave 5 can continue up to 47413$ (Around the Current Price + TRZ).
As result,47413$ can be one of the targets of the end of wave B. the end of wave B can continue until 48100$ or even 49100$.
In addition: stochastic is showing the end of the movement 👇
When we can find and sure about the end of wave B, we will have 2 Scenarios :
Scenario 1: Bitcoin will complete Flat Correction (3-3-5) and probably it will break our Heavy Support (43960-43770$) == Sign for starting Main Wave C.
Scenario 2: Bitcoin will complete Triangle Correction (3-3-3-3-3), probably this triangle will be Contracting Triangle.
My Suggestion: if you have Bitcoin, you have to think about taking profit from them Soon/ if you don't have coins, Don't be FOMO, probably time will give you another chance 👍😉/ If you find the end of wave B & triggers, then you can open Short Position.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
GOLD probably in wave 2 (yellow). 5 August 21GOLD Price possible forming a flat pattern now in wave 2 (yellow) ..Where price could reach at around 1785 a confluence zone of 1) Weekly Trend line Support (Cyan/Light Blue Dotted Line ) 2) Lower Trend Line Support of the Flat Pattern .. About the time of coming this Friday N.F.P...
IJM probably at triangle or flat in wave a (green) 1/August/21P/S. Chart Pattern "Work"! As "Geometry Pattern" as "Face Expression"" are a form of " Reflection of Emotion " from market sentiment. It doesn't matter that "emotion" was a "Face Expression" "generated" by a "dogs. cats etc" or humans OR on Charts! IT's "nature phenomena"!! .. for us to "feel,see" the "fear. greed, euphoria " etc on the market!..
IJM probably still in ranging market either in flat or bearish triangle pattern. before trending down toward around RM 0.75 the next major demand zone and meaning Malaysia Construction Industry only recover on late 2023 or 2024??
Elliott Wave Analysis: WHEAT Is Still Looking For The BottomHello traders and investors!
Today we will talk about commodities, specifically WHEAT, in which very interesting development.
Well, as you know, commodities have been very bullish for the last year and some of them made strong and impulsive rise, but this is not the case for WHEAT, as we see slower price action and corrective wave structure from the lows.
We are talking about (A)-(B)-(C) flat correction where wave C has ended within an ending diagonal (wedge) pattern. The whole structure belongs to a higher degree wave IV correction of a bigger monthly wedge shape that can send the price back to lows for wave V before market finds the bottom.
What we want to say is that maybe it's time for a slow down in the commodity market, where WHEAT could be on of the weakest, especially after recent strong and impulsive decline back below lower ending diagonal pattern, which confirms that correction from the lows is completed, but real bears may show up below 600 region!
Be humble and trade smart!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
GBPJPY on last leg up to completed flat pattern @≈160. 28/6/21GBPJPY Last updated was @ 8 May 2021 now probably on its way to completed the last leg of Wave 4 (red) Flat Pattern ..
carefull bulls, possible flat correctioncome on gold... why you like flat correction that much
Running flat Elliott wave correction.
A running flat correction subdivides into 3-3-5 internal wave pattern.
Wave 'B' breaks the beginning of wave 'A'.
Waves C tends towards 100% the length of wave A and will not break the low of wave 'A'.
The running flat correction wave can appear in any corrective position.
Again, a trader can use the starting point of wave 'a' to enter a trade, with the aim of catching the market as it re-enters the trend move again.
ETH Flat Correction Textbook pattern of elliottwave Flat correction spotted in Ethereum Chart. A-B-C structure with 3-3-5 minor structure.
I expect price to visit 2100-2200 marked with 0.618 fib level before bouncing back up
GBPUSDTF: Monthly
GBPUSD has some strong potential to drop back down from the current area over the next year or two. Looks like a classic regular flat corrective pattern.
💨𝙀𝙡𝙡𝙞𝙤𝙩𝙩 𝙒𝙖𝙫𝙚 𝙋𝙖𝙩𝙩𝙚𝙧𝙣: 𝙁𝙡𝙖𝙩🌊 ●●● 𝙁𝙡𝙖𝙩 (FL)
❗❗ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙧𝙪𝙡𝙚𝙨
● A flat always subdivides into three waves.
● Wave A is always a zigzag, flat or combination .
● Wave B is always a zigzag.
● Wave C is always an impulse or a ending diagonal.
❗ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙜𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Wave A is usually a zigzag.
●● 𝙀𝙭𝙥𝙖𝙣𝙙𝙚𝙙 𝙁𝙡𝙖𝙩 (Exp.FL)
❗❗ 𝙍𝙪𝙡𝙚𝙨
● Wave B always ends after the start of wave A .
● Wave C always ends past the end of wave A .
❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Wave B usually retraces 123.6 or 138.2% of wave A , less often — 161.8% .
● Wave C is often equal to 161.8% of wave A , less often — 261.8% .
● The most common type of flat.
●● 𝙍𝙪𝙣𝙣𝙞𝙣𝙜 𝙛𝙡𝙖𝙩 (Runn.FL)
❗❗ 𝙍𝙪𝙡𝙚𝙨
● Wave B always ends after the start of wave A .
● Wave C never goes beyond the end of wave A .
❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Within such a flat wave B should end well above the origin of wave A and that means wave C might reflect a 61.8% or even a 100% relationship to wave A .
● A running flat indicates that the forces in the direction of the larger trend at next higher degree are powerful.
● Wave B is usually no more than twice the length of wave A .
● Keep in mind that a running flat is rare.
●● 𝙍𝙚𝙜𝙪𝙡𝙖𝙧 𝙛𝙡𝙖𝙩 (Reg.FL)
❗❗ 𝙍𝙪𝙡𝙚𝙨
● Wave B never goes beyond beyond the start of wave A .
● Wave B always retraces at least 90 percent of wave A .
● Wave C always ends past the end of wave A .
❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● The rarest type of flat.
Elliott Wave Principal 2005 & QA EWI .
The drop hasn't ended yetWave X (Yellow) lower than Wave W (Red) Which confirming that still bears in control. Forming flat correction in 15 minutes time frame.
Good Luck!
BTCUSD - Outlook 2021.06.06Guys I have been doing quite a bit of Elliott Wave Analysis over the weekend and on the Sundays open market conditions appear to have changed. On the 17:00 EST 4 Hour Candle price completed and abc Flat Pattern at a low of 35199.10. This ended Wave 2 and begun the third wave in and Elliot Wave 5 wave impulsive leg. Price appears to have started the third leg of this 5 wave leg and we anticipate the third wave target area to be between 38416 and 38879. This 7the wave of the longer correction pattern we have been experiencing should hopefully signal the end of that correction we have been in since May 19th. I have also added some Time Projections for the end of Wave 3 to be between June 7th and 8th +/- 2.
Good Luck and Safe Trading!
Ethereum is consolidating large gains, may retest 2500I believe Ethereum is currently doing an irregular flat structure 3-3-5. This means that the high of the second corrective wave labeled B, exceeded the top of wave (1). This is particularly nasty because it gives a false hope to investors that price is going to keep rallying to new highs when it is about to fall back again. However a particularity of the irregular flat is that the excess over wave (1) is saved on the downside. Instead of going all the way down to 2400 like a regular flat would do, it may stop around 2500 instead because it is of the "irregular" type.
2500 is a key resistance to watch (part 2)As I said earlier, the 2500 resistance must be breached soon to mark the end of this downtrend. However Ethereum is still up as much as 220% YTD at the current price level and still has tons of room to fall from here. I would still put the odds at 80% downside scenario vs 20% upside scenario from here. Another reason why I favor the bear case, it's because price rose from the 2100 bottom made yesterday's evening in the shape of a 3-3-5, that's not very bullish...
EURUSD - Elliott wave – micro wave ((2)) is over ?wave wave ((2)) is over – wave (1) of ((3)) of iii is running.
test area 1.2217: flat fib projection wave 4 - fib ret. 0.382 wave 3
ALT: wave ((2)) still running in flat wave – (a)(b)(c) fib exten area 1.2160
critical price area
previus daily close 1.2227
PP 1.2210
FIB: 1.2217 - 1.2160
static S/R 1.2245 – 1.2238 - 1.2210 – 1.2187
volatility D 1.2182-1.2283
BMA slowly coming at stage!Last QR earnings beaten. Chart is flatting. Slowly going through the resistances. It will last a while, but a gain can be huge.
Stop loss : 12.30
Buy entry, anywhere above SP.
Price targets :
1PT 18.62
2PT 24.16
3PT 28.53
4PT 32.26
5PT 36.22
6PT 50.17
7PT 58.40
8PT 67.49
9PT 75.23
10PT 86.94
Above that.... Noone knows. But i dont really believe it will go this high :)
But it's at least 5years trip
URUSD - after ((X)) or 1 - wave v going to start?
wave iv ended in ((a))((b))((c)) flat - balanced in time and size
wave v unfolding
violation of 1,2125/30 area and/or time delays in developing
would invalidate the idea
ALT: reconsider the abc hypothesis
Engtex broke the weekly trendline and next will go...Engtex just broke from corrective wave (flat) in monthly chart.
Once first breakout and retracement done, next will wait for second breakout to the sky~
Is all about elliott wave analysis
✅ naked chart analysis, ❌ indicator
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
