Get started

Leading Diagonal

EVGN: Leading Expanding Diagonal? Looks attractive to me!A buddy of mine mentioned this when we spoke about "high conviction trades" My HCT is 3D printing. This is his. I took a look and it appears we're setting up for what appears to be a potential 5th wave of a leading diagonal. This in theory if it proves to be right, should kick off the first motive cycle. Right now it looks like it can go either way. If price breaks out bullish thru the current structure I think we will be in for a treat. All in all, seems like a solid play. I'll be looking for buy setups from now till exhaustion is seen on the 5th wave of the cycle. What are your views on EVGN? Solid biotech pick, or a meme stonk? Thanks for looking, and I'm looking forward to others opinions! Trade safely!
NASDAQ:EVGNLong
by adambiers
2
🧲 A magnet that does not attract (MGNT)🛒- EWA.«Magnit» - is the largest Russian retailer with the largest number of retail outlets and geographical coverage. ●● Mine scenario ● 2D LSIN:MGNT Admittedly, these red boxes with a terrible layout have always been alien to me. Having experience in retail chains, production and warehouse logistics - i can say - when you enter their buildings, you want to redo everything. It turns out that in the mood of investors in relation to this company, has the same confusion. From the top of the assumed wave ④ passed a three-wave correction in the form of a single zigzag, which, hypothetically, can be the first wave in the composition of the forming Leading Diagonal (1) . Of course, long-term purchases in this case can only be discussed if the diagonal is fully completed and the subsequent correction (2) of ⑤ has made. ● 1D MOEX:MGNT With a little difference, the picture is similar on the Moscow Stock Exchange . ● 4h MOEX:MGNT I plan to work locally in long at the end of ((b)) of 3 of (1) . ●● Alternative scenario ● 1D MOEX:MGNT Quite harmoniously, the descending wave from the top ③ has the form of an impulse . Which, however, can not be done with LSIN quotes, where if we consider the descending wave from 2015 as the first wave, then only as part of the Leading Diagonal. The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
RUS:MGNT
by TradeWaves-EWA
2
BTC.D Bitcoin Dominance - ALT SEASON! +Weekly Head and ShouldersBitcoin Dominance Weekly Chart (BTC.D) - On the chart we can see 2x Head and Shoulders Pattern. - Currently the second one is bearish and the price is currently on the HaS neckline support. - You can trade this upcoming breakout of the pattern simply by buying altcoins. Or by exchanging bitcoin for altcoins. - As you can see we have a double top reversal pattern on the weekly swing highs (September 2019 and December 2020). - Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓ - 200 weekly moving average can serve as a resistance in the near future. - Don't miss my upcoming updates and new ideas. - A question is where is the target. We can target 0.618 FIB retracement + bottom of the trendline + Head and Shoulders (conservative target). - If you want to see more of these ideas, hit "Like" & "Follow"!
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
5
Leading diagonal for $KMIPitchfork looks good with the first two pulses staying within range. First waves are not Elliott impulses because 4th wave corrects below the top of the 1st wave. Instead it appears to be a leading diagonal for the 1st o 5 waves. Price target o 16 before a retraction to the second wave. Price Target of 25 by Summer if trend stays inside of the pitchform. Biggest concern is that wave 2 breaks out of the pitchfork, but if it bounces then the rest should be ideal. Set Stop loss at the bottom of Wave 2.
NYSE:KMILong
by NapoleonStockS
XAUUSD - Elliott Wave Forecast - Q4 updateHello all, It's pretty clear that we have a zig zag correction playing out here. Waves 'a' and 'b' have already been put in. This leaves us with the final wave 'c'. There is a strong possibility that it is already complete and the low has already been put in (please see linked idea below from Nov 22). A breakout to the upside will take price to the 1910-1920 level. However, there is also the possibility that wave 'c' will extend further with a potential lesser degree leading diagonal in play. This could bring XAUUSD to a lower level around 1670-1720. Simply staying aware of where price could likely be heading to. Awareness is key. Follow for further updates, your 'likes' are much appreciated and your comments most welcomed. Trade safe and always remember to plan your trade and trade your plan! Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
OANDA:XAUUSD
by BeyondEdge
3
AUDCHF Trading opportunityHey everyone, I hope that you've been studying the markets, and preparing for the upcoming trading week. Right now I have a short t.a that you can take if you want. I am not going to, since the R:R is just slightly out of what I would want to risk. Elliotwave analysis: Hey guys, so right now, we are seeing what looks to be a leading diagonal. I hope you have all brushed up on what this means correction wise--- It means that we are going to see a sharp and deep correction. As a result, the first target is the 0.618, but don't be suprised if we see the 0.8 range. Leading diagonals show us that the bearish momentum is still in effect, but it is a good sign that the larger trend is changing. The stop loss for this trade would be 0.65252, or above the most recent high. Moving average analysis: Hmm, nothing seems to stand out to me on the moving average of multiple time frames. On the 30 minute, we have bounced off of the 200 ema, and on the 2 hour we have bounced off of the 55 ema, but I don't think this is pretty important because on the 1 hour and the 45 we are also being supported quite well, so the picture being painted by the moving average is very neutral. RSI analysis: This is where things get spicy, as I like to say. On the higher time frames, (though not really that high), such as the 1 hour and the 45 minute, we can see very minor bearish divergence. On the smaller timeframes, such as the 30 minute, we can see that there is a hard rejection of the rsi resistance and some bearish divergence. Finally, on the 15 minute time frame, we can see that the rsi has broken downwards, out of a triangle, which is a huge sign that we are headed down. MACD analysis: On the 15 minute, we are seeing huge bearish divergence. We have peaked twice on the mad and have just started crossing downwards. On top of that, we have also see bearish divergence on the histogram. On the one hour we can see that we are struggling to break through the zero line, which shows that a reversal might be happening, and this supports my idea that we are headed back downwards. All in all, a pretty good case can be built, supporting the idea that this pair is headed downwards. The stop loss is 0.62525 and the target is 0.65055. All the best, and enjoy your sunday.
Short
by Mika_k
XRPUSD in leading diagonalIt seems XRPUSD is presently nearing the end of a leading contracting diagonal. There are a few rules to be observed with these, and the price action of the last couple of weeks abides by them so far. In a leading diagonal, waves 2 and 4 have to zig-zags (I've drawn those in); it's clear in the chart that they are. Wave 1 was also a zig-zag, albeit a very large one. Wave 3 appears to be more of an impulse wave, though as a guideline that is normal (1, 3 and 5 appear to be impulses even though they are zig-zags). No wave retraces beyond the end of the preceding waves, which satisfies another criterium of a diagonal. Also, in a leading diagonal, the fifth wave has to move beyond the end of wave 3, so we should be breaking the 27th March top soon. In a contracting diagonal, wave 5 has to be shorter than 3, 3 has to be shorter than 1, and 4 has to be shorter than 2; all good so far. Wave 5 in a diagonal often ends at or slightly beyond (throwover) a line drawn from the ends of waves 1 and 3, projecting a price in the 0,20 range. It seems that the present fifth wave may be a zig-zag, with a triangle for wave B, and if we extend the A-part of that same wave, we'd also hit that same target. That target would also still satisfy the criterium of wave 5 being shorter than wave 4. So, on the short term we should see an impulse wave moving up to the 0,20 area, after which we can expect a sharp down move; but let's deal with that when we get there. Let's see what happens. Disclaimer: This isn't trading advice, don't trade with what you can't afford to lose, etc. You know the drill.
BITFINEX:XRPUSDLong
by Pvgeldrop
2
5 wave ABC = leading diagonal triangle = A wave down educational material of Elliot wave Leading diagonal Structure (3-3-3-3-3) OR (5-3-5-3-5) In real-time charting, you should NEVER label a developing wave as a leading diagonal. These are so rare you should not even consider them as an option. You should label leading diagonals as such only on past charts when there is no other wave count that fits. so this pattern must not drawed/predicted because of huge chance the draw might be wrong like my previous 2 triangle ideas (well.. i'm still learning that's why I draw those ideas) SOURCE: Elliot wave international 1. A beginning wave pattern. May only form as Wave 1 or as Wave A of a Zigzag. . 2. Elliott Wave International notes that the vast majority of leading diagonals divide into 3 wave substructures (3-3-3-3-3), but also note that a few have been found with 5-3-5-3-5 structure, yet Wave 4 will still enter the price territory of Wave 1 - which is what makes it a diagonal. 3. Frequently you will see a throw-over the trend line in wave 5. You can almost expect to see it. Very normal attempt to shake out weak hands before moving in the opposite direction. 4. Diagonals are usually followed by a quick thrust in the direction of the next wave that completely eclipses the diagonal wave. That normally completes takes only 1/2 to 1/3 of the time it took for the pattern to form.
OANDA:XAUUSDEducation
by salvanost
NZDCHF Long Opportunity Hi guys, the NZDCHF has been in a complex correction for quite some time now, while that correction has come to an end as per my labeling - price then proceeded to move in a range like manner but taking a closer detailed look into that range you come to realize it has actually been setting/formulating a leading diagonal + a 3 wave move ( 7 wave swing) to the downside towards the wave territory of (2). I have strong reason to believe that these series of movements are opening up the curtains for strong bulls to do their thing, I am patiently waiting for buy setups at this point. Thanks A Million Times & Trade With Care
Long
by Luvolwethu