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Irregularcorrection

Irregular but effective setup for GoldAs we can see on the chart, WXY pattern is clear with an irregular X wave (because of yesterday's Fed news), but still valid and didn't break the low of wave W. A contracting triangle is forms wave B in the ABC pattern for wave W, even if a huge wick went out of it: closing above the downside of the triangle, this candle on H1 shows that the setup was still valid (second irregular form). Wave Y can be the extension of 0.618, 1 and fib level of wave W and X, to give a chance to this sideways trading market to take a direction. Wait for 1690 and 1700, Goodluck, Joe.
OANDA:XAUUSDLong
by joe-abdallah
2
Is BTC in wave 5 in correction wave C?From April 2021 until now, BTCUSDT looks like an Irregular Flat, And wave C looks like an Impulse wave downtrend, Target price is around 25,000$, Its correction looks fine with the irregular flat rule. Feel free to comment and correct me if I do wrong, no Ego here. Not sure it will end in Trending or Terminal Impulse, Diagonal or Small X Wave BINANCE:BTCUSDTPERP (For the long term, BTC is a very nice store of value, don't just trade it for fun, understanding it, understanding money, understanding the world) Sorry for the Analysis I do on the perpetual market, I checked it on the spot market and everything is the same.
Short
by MANGDANA
2
Wish retail about to give upIMO we are running an irregular/expended abc correction after the meme frenzy with wish. In combination with real meme stocks crush what I see is a lot of forced liquidations and retail exiting their positions due to lack of capital ( most of them all leveraged). Take also into consideration the massive options expiration this week. Therefore I expect a massive upward move in the upcoming 1-3weeks. It will be so fast that no retail trader will have the guts to follow again nor the capital since I expect real meme stocks and mostly AMC to crush! Retail will enter wish again after $32
WLong
by Philoslother
NNDM: Irregular flat correction Explained my thesis in the chart. I'm starting to read some articles and have found a good amount of conflicting points. CEO letter to shareholders the 9th seems pretty possitive. No debt, cash reserves, and a healthy amount of revenue. Seems as if this C wave is happening on account of dilution via direct offering. Maybe we will see this get beat down a few more ticks and then start the trend again? Thanks for looking! What do you all think? Is this a good pick in the 3D space? I Started my position at $7.79 I might be a tad early (not as early as SSYS I hope) lol hopefully we will get some bully momentum soon!
NASDAQ:NNDMLong
by adambiers
8
USDJPY, H4 - potential irregular correctionThe USDJPY currency pair has created a possible corrective movement that looks like an irregular correction labeled as ABC. In this type of corrective waves the wave B breaks the low of the recent impulse wave and wave C breaks the top of wave A. Such a correction may have been creating on the USDJPY. What is more, if the line drawn through the bottoms is broken we could expect another downward impulse wave. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
by Daniel_Kostecki
1
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!
DJ:DJIShort
by DaddySawbucks
34