GOLD:FAST AND PROFITABLEGold market remains bullish. looking ahead to next week , I expect the sideways movement to continue OB
Flatpattern
Gold's ping pong game still on going. 7/Sept/24XAUUSD is still forming a complex double three wxy (blue circled ) wave pattern. Expecting more stop hunting occurred. Control our own risk as for any buy/sell orders as there is no confirmation for any swing low/high yet level.
EXPANDED FLAT PATTERN : Elliott Wave theory ( Elliott BABA)A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves
• Subdivision of wave C is in 5 waves impulse / diagonal
• Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three
• Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A • Wave C ends substantially beyond the ending level of wave A
Fibonacci Ratio Relationship
• Wave B = 123.6% of wave A
• Wave C = 123.6% – 161.8% of wave AB
FLAT PATTERN : ELLIOTT BABA FLAT PATTERN CORRECTION:
1- Wave A minimum retrace 61.8% to previous swing
2- Wave B Minimum retrace 61.8 % to Wave A
3- Wave C can go Beyond wave A
4- Wave formation will be divided in 3,3,5 structured sub wave
CXO ( potential swing trade long - April 2023)CXO looks to be forming a running flat in the short term. C-wave is incomplete so a little patience is required before considering an entry. Any move to the golden zone will need to be scrutinized. The 92c and 89c level represent sturdy resistance and support zones. Could also possibly become an expanding flat in the future. A tight stop loss here (5 to 7%) is required if there is a decision to play.
BTC Elliott Wave count 1H TFWe may see a flat correction for wave 2 from what I think is it a C wave at a bigger degree before to go for a 3rd wave. Time is too short for an wave 2 from an ABC correction when we compare time form wave 1 vs 2.
Bitcoin Movement Prediction Based On Elliot WaveIn this scenario I think we are still on Wave IV of big Wave.
Chances of the pattern are:
- Flat
- ZigZag
- Expanded Flat
The invalidation of Flat & Zig Zag is at 18125
The invalidation of Expanded Flat is at 15575
If these 2 major invalidation line is broken then the scenario is invalid.
(D) XAUUSD GOLD 3-3-5 FLAT CORRECTIONLooks like a nominal 3-3-5 Flat correction with some overselling on Gold, should turn for upside soon.
Expecting More Pain But It All Depends On The Federal ReserveThe downtrend on the daily timeframe is in tact and there was a close below the 38.2% Fibonacci retracement level. This leads me to believe that we will see the continuation of the downtrend to the 50% Fib retracement level. All eyes will be on the Federal Reserve meeting this week as that will be the ultimate deciding factor.
Bitcoin Bullish FlatHi all,
Im bullish on 30 min TF.
Why ?
. Impulse wave 1 to 5 complete.
. Flat - Combination of Abc's complete
. Abc Combination = WXY complete.
. Buying Volume Above 50.
. And lastly Rejection at 61.8 FIB RT zone Complete.
So because of all the reason's specified that is why im bullish on BTC on 30 min TF.
running flat CorrectionThe running flat has a three-wave structure, labeled A-B-C. Waves A and B consist of three waves. Wave B travels to a new extreme, exceeding the starting point of wave A of the pattern. And here comes the major difference between the two flat corrections. In an expanding flat, wave C travels beyond the starting point of wave B. Within the running type, it does not. In other words, a running flat wave C is not going to reach the termination point of wave A.
Read more at: ewminteractive.com
GOLD short term updated 14/Jan/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Flat Pattern in BitcoinHello,
Currently sitting in extreme fear (15 of 100) and daily divergences on macd.
Bitcoin is going to hold around 39k to jump many stop losses and accomplish the objective for breaking the big lateral (51,000 - 45,000).
A flat pattern is a very strong one. No one expects to reverse the trend on Bitcoin. As no one expected to fall at current levels 3 months ago.
Market always does the unexpected, and this time will not be different.
Good luck!
TSLA may reach around 900.40 again. 24/9/21TESLA price may reach near 900.40 again where there is a "possibility" to form flat pattern in wave 2 (Red Circled) AS Price now may trending up toward wave (B)( Cyan/ light Blue) of the flat pattern..
BTCUSDTneowave : formation of a flat that have a terminal c wave confirms short signal.
also
harmonic pattern : formation of a butterfly pattern confirms the short signal.
INARI Maybe a Flat Pattern? A Potential 13% drop?. 18/8/21INARI. It Seem like Possible double top and forming a flat pattern. Even The Boss has 'disposed" substantial amount of its stocks recently ?
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 ..
BTCUSD Failed to go HigherOur Sideways Flat Pattern continued over night and now we have a clearer view of the impending price action.
💨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 .
BTCUSD - Mid Day OutlookLooks like we are dealing with some type of Flat Correction. Leg C has printed at the 1.115% Fobonacci Extension and now is pulling back. However caution should be given as Bitcoin is in a very deceptive corrective pattern. We could end up with a much deeper Expanded Flat. Overall Bias remains Bearish.
Good Luck and Safe Trading!
EURUSD - Elliott wave – crucial area 1.2244 – minuette c or iiicrucial price area 1.2244 – minuette c or iii
from 1.2051 minimum an upside motive wave is running
micro subwave ((4)) of subminuette c or iii unfolding in expanding flat
crucial price area 1,2244
if zigzag c prevails --> on a daily basis - (b) is over – starting wave down (c) target 1,1970 area
ALT: wave iii of (iii) unfolding upside motive – target 1.2362 (1.681 fib)
critical price area
previus daily close 1.2221
PP 1.2195
FIB: 1.1244 extention i=iii or a=c - 1.2193-1.2167 (fib ret 0.236/0.382)
static S/R 1.2244 critical R
volatility D 1.2192-1.2284
XRPUSD bearish chance- XRPUSD is on a Resistance
- Broke counter-trendline
- Price was building in a flat-top pattern
- ( Candlestick ) Bearish Signal
- Plan is to go SHORT on XRPUSD
- Take the trade when your rules are fulfilled
A BEARISH MOVE is probable in this market.
SNDLBroke out of expanding flat only to crash right back into the pattern. No clear direction here except a possible bounce here due to oversold technicals. Support seems strong around $1.05 on daily TF. I would look to buy that test if we get there.
