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Leading Diagonal

Elliott Wave - EURUSD - Get ready for wave 5 - BUYGood morning traders, The EURUSD appears to be forming the c leg of wave 4. Once this wave has completed we are looking to go long on wave 5. Wave 5 will also have 5 sub waves providing opportunity to enter further positions on pull backs. Wave 5 will need to reach at least the peak of wave 3, meaning 1.1240 can provide an initial target. 1.1020 will also provide a great entry as this will be a long term inverted head and shoulders pattern. Any thoughts on the set up are welcome!
Long
by ForexStoreau
BTC Primary count Leading Diagonal 1 waveThere are certainly plenty of valid bearish and more bullish short term alternatives, but this is my current primary count. Looks like lots of 3 waves so its either a leading diagonal or a bearish WXY and we see a lower low or there is an even bigger bull count of 12 12 12, but that seems least probable. If this is a leading diagonal it seems we are at least headed for the .618 on the way back which is in the 11k range but if we are strong we can break the .618 and maybe grab the .786. That would set up a massive 3rd wave that takes us to new all time highs. I think interesting times are ahead.
BITFINEX:BTCUSDLong
by jlantrip
1
Elliott wave - BUY EURGBP - Leading DiagonalGood morning traders, We are looking at a potential leading diagonal for the EURGBP A leading diagonal consists of five waves, labeled 1-2-3-4-5. Waves 2 and 4 are always corrective, Wave 1 is usually the longest Wave 3 cannot be the shortest among waves 1,3 and 5. Waves 1 and 4 overlap Leading diagonals occur in the position of the first wave of an impulse or wave A of a zig-zag correction. We are now looking to buy on a pull back to form wave 5b Any thoughts or comments are welcome,
Long
by ForexStoreau
Elliott Wave - SELL GBPCAD - Potential Leading diagonalGood evening traders, We are testing out some Elliott wave analysis. We are currently watching the GBPCAD as we could be looking at a leading diagonal. A leading diagonal consists of five waves, labeled 1-2-3-4-5. Waves 2 and 4 are always corrective, Wave 1 is usually the longest Wave 3 cannot be the shortest among waves 1,3 and 5. Waves 1 and 4 overlap Leading diagonals occur in the position of the first wave of an impulse or wave A of a zig-zag correction. Any thoughts or comments are welcome, We are currently shorting with our initial target of 1.6900
Short
by ForexStoreau
1
ORBEX: EURUSD Triangle Wave Hints to Short-Term UpsideEURUSD triangle structure seems to suggest that we have a little more upside correction left before turning lower. The test could take place near 1.13, the 78.6% Fibonacci and also a price/trendline intersection. Both MACD and the RSI support short-term bulls! If successful, the chances of reaching a fresh multiyear low would increase. Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
Long
by Orbex
4
3 kinds of Wolfe Wave Pattern adapt in Elliott Wave [Education]HI BIG PLAYERS, in this chart I show my research to Wolfe Wave pattern and how it match to Elliott Waves. My research has shown that there are basically 3 types of Wolfe Waves: 1. on the beginning of EW Leading Diagonal 2. on the wedge (most on correction waves) 3. on the end of EW Ending Diagonal In any testing: trading in Ending Diagonal is really high-risk because you trade against the trend! The easiest Wolfe Waves I done with Wedge Pattern. This have 2 advantages: - you trade direction is into the trend - correction waves are easier to identify in the Price Action I hope this education helps somebody. If you like this, you are invited to follow me. Kind regards NXT2017
NYSE:DISEducation
by NXT2017
1
Watch Out For Bearish Leading DiagonalI have been daytrading this long recently and had a long swing position. I just sold everything and am looking to get in at a lower price or trade other things like eth. The reason is it looks like it has an unstable bearish leading diagonal building. It looks like it might have one last leg up but then it is very likely to cut downward through all the resting stops that have built up below the triangle. I think BNB has run its course for the time being, once it comes back to the bottom of the pitchfork around 17 or 18 I will be looking for longs again. Right here it has a very bad RRR in either direction. Look for trades on other cryptos unless you're holding this for a very long term. (...which is actually not such a bad idea)
by mljones