Impulsewave
SPY - 2 Elliott Impulse Waves & Fibonacci Retracements2 Elliott Impulse Waves, the shorter term is mid-way thru wave 3 and is wave 2 of the longer term impulse wave.
Shorter term:
0: 295 (May 1 high)
1: 280 (May 13 low)
2: 289.2 (May 16 high), 61% of wave 1
3: 265 (en route, mid-Jun), 161.8% of wave 1
4: 273 (en route, late-Jun), 33% of wave 3
5: 258 (end of Jun/early Jul completion), 100% of wave 1
Longer term
0: 235 (Dec low)
1: 295 (Apr high)
2: 258 (en route, end of Jun), 61% of wave 1
3: 355 (Jun/Jul '20), 161.8% of wave 1
4: 323 (Fall '20), 33% of wave 3
5: 383 (Winter '21), 100% of wave 1
Thoughts?
Forex: EURUSD D1 Impulse Wave Analysis - Long Opportunity EURUSD has been on a Downtrend for a while after it rejected the Resistance Trendline for past 3 weeks, and it has been ranging between the Channel, i'm expecting EURUSD to test the levels of 1.11170, 0 Fib Level, which will form a Double Bottom Pattern and change direction towards the upside. The 5th Elliot Impulse wave will complete the Trend on 0 Fib Level
Bullish Counta solid daily close above the trend-line would suggest a valid break out and would suggest wave (3) rally could be under way
note
alternative count in grey
AUD/JPY: Swingtrade-Opportunity!Hey tradomaniacs,
welcome to another free signal!
Important: For detailed Flag-Pattern check screen below or look @ 1-h Chart!
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Type: Swingtrade
Buy-Stop: 80,437
Stop-Loss: 80,013
Target 1: 80,849
Target 2: 81,212
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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AUDUSD - Noisy Little CrabFX:AUDUSD Monthly Analysis - Daily Time frame
Potential Bearish BAT Advanced Pattern 0.886
Potential Bearish Deep Crab Pattern 1.618
Potential EW Impulse Wave (12345)
Potential little Bearish Deep Crab Pattern AC 0.533
Support and Resistance Levels
Moving Averages
Fibonacci Retracement Levels
This is an update from previous weekly chart analysis, which is almost the same as Ethereum - Head in the Clouds Pattern
So Bulish Continuation is 99% for sure. and now for this week's case, the pair is still trying to give a little drama whether there will be a correction or continue the uptrend, if the candle is closed below the magenta SR level. it will potentially form a bearish Deep Crab Pattern. and this is where the hedging strategy is needed to protect the value of the investment.
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USD/JPY - Diamond TopsD1 Timeframe - 1.Reversal Pattern being created ( Diamond Tops)
2. 50% Fibonacci level tested, showing some resistance, nice to the bears
3. Impulsive wave getting finished , some correction to start?
H4 Timeframe - 1. Sellers are showing some good strong
2. Level 50 from Moving Average was crushed by the bears.
I guess the pair will go short for now.
What the current $OSTK impulse wave might look likeTo understand the recent low volume selloff take a look at a Bitcoin chart. The price has seen a corrective move back to support. While OSTK is highly volatile this price level will likely hold before the next leg up to $24.80 - $25.00.
The Tenkan and Kijun cross, the could flip as well as the demonstrated cloud support are all bullish indications.
Healthy traffic levels on overstock.com over the last quarter are likely to have a positive impact on the upcoming earnings report along with progress made by several of the Medici Ventures brands in their markets of tokenized securities, land titles and voting on the blockchain. Short interest is maxed out.
The possibility of an announcement this month or next having to do with the sale of the retail operation coupled with the possibility of a venture capital investment in their blockchain startups gives OSTK a lot of upside potential and the market is taking notice.
Bullish Breakout - Elliot TheoryI have been watching this stock for months. I started to realize Elliot wave theory was occurring once it did the first 5 waves in Dec 2017. From then on it looks like It did a double three wave followed by an ascending triangle with the E wave overshooting just as Mr Elliot has theorized . However I am not sure at what stage the larger trend is in . I believe that the first 5 waves indicate wave 1 and then the WXY plus the triangle are Wave 2 however , it is said that wave 2 never or rarely ever does a double correction on those corrections only occur in wave B or wave 4 but if correct would indicate the start of Wave 3. If anyone has other interpretations please post.
GBP/USD: Swing-Setup! Breakout and your OPPORTUNITYHey tradomaniacs,
welcome to another free signal!
Important: Wait for the retracement down to entry!
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Type: Swingtrade
Buy-Stop: 1.29457
Stop-Loss: 1.28752
Target 1: 1.30
Target 2: 1.305
Targt 3: 1.30985
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
GBPNZD - SHORT - ASCENDING CHANNEL + H&SI see a short opportunity with GBPNZD as there is a pattern within a pattern.
As you can see the nature of the market is that it is currently on a downtrend and price is correcting.
Both channel and head and shoulder pattern have tendencies to break towards the downside which will help us determine the next impulse.
EW ANALYSIS: EURNZD In A Big Three-Wave Corrective RallyHello traders! Today we will talk about EURNZD which has pretty clear pattern.
When using the EW, everyone can count up to five, but only few analysts have the right approach and this experience can only be gained through multi-year practice.
Well, looking at EURNZD, we can clearly see a big impulsive five-wave drop away from 1.7930 highs into a wave A, which means that the trend is currently bearish, but before a bearish continuation, EURNZD must first finish a big three-wave a-b-c corrective rally in wave B that can find resistance ideally around 61,8% Fibonacci retracement and around 1.73 – 1.74 levels!
That said, we believe that wave c/B is still missing, which should be made by five waves, so don't be surprised if EURNZD starts to rise sharply in the next few days/weeks. But, you know where is the limit and till then, there's room for 600-700 pips, so maybe would be nice to catch some longs since we have seen a sharp bounce in the last couple of days that can be the beginning of a five-wave rally for wave c/B!
Remember, the major trend remains bearish as long as the price trading below 1.7930 highs! We are currently just observing a bigger correction which may become even more complex, so any earlier sharp decline back to 1.6330 lows would be an indication that correction could be already completed!
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.
Post-triangle symmetrical impulse Elliott waveMy previous publications highlighted the fact that the 2018 Retracement was a remake of the 2014 Retracement.
The idea was to have a resultant in 2019 similar to that of 2015, starting from the Ultimate Dip of 01/12/2015.
However, with more than 10 strong and concordant indicators, I had identified that the DIP of 12/15/2018 was in all respects similar to 01/12/2015.
Now, we benefit from more than a month of visibility: so, the post-Dip 2015 is it still comparable with this beginning of the year 2019?
Here is precisely reported on 2019, at identical % (logarithmic technique), the symmetrical triangle of 2015 followed by what I identify as an impulse Elliott wave, departure of Bullrun 2016-2017!
Result? If the correction wave followed by points A and B of the triangle coincide with 2014-2015, this is no longer the case of point C of the 2015 triangle!
So be careful: it isn't a predictive plot but a comparison, which will allow us to judge in "live" if the price of Bitcoin in 2019 is close to the waves of 2015 and so to draw interesting conclusions: validation of the end of the bear market by an isosceles triangle smaller than in 2015, or on the contrary dead cat bounce in progress, see horizontal stabilization without volumes of purchase ...
... my outline in blue (Elliott waves) will hopefully see more clearly over the next 6 months on the outcome of the prices.
I will comment of course my deductions regularly below, so don't hesitate to activate the follow-up of my publications!
CHFJPY. Higher From Here? Or Another Move Down Before It Goes?CHFJPY has been moving correctively for some time.
For now ignoring any short plays.
Wanting to catch the next wave up.
Here are two options.
1- Wait for price to aggressively break out from where it is currently and
wait for smaller TF correction before entering.
2- Hold out for another move down and get in after price breaks the lows.