📐USDCAD: Long term triangle●● Preferred count
● USD / Canadian Dollar, 🕐TF: 3M
Fig.1
Friends, hello! Finally got around to the weekly public update. As you already understood, today we will analyze the USDCAD currency pair.
The calculation of historical data presented in Fig. 1 has not changed: I still believe that a series of impulses waves and sideways corrections can be interpreted as part of the emerging long-term diagonal. The only thing that is very confusing in this markup is the significant discrepancy between the wave degree and the size of the " (B) of Ⓦ " and " Ⓧ of I " waves. As a norm, Ⓧ should be greater than (B) of Ⓦ , but in our example the picture is reversed. In the future, this problem can be solved by expanding the boundaries of the triangle Ⓧ of I .
Fig.2
The second option for marking long-term waves suggests considering a series of sideways corrections as fourth waves within the impulse. Thus, the historical top formed in 2002 is the finale of the impulse, presumably within the framework of the wave Ⓐ of I . All subsequent wave counts will be based on the first variant (Fig. 1). The idea marked in Fig.2 came literally today and still requires some reflection and elaboration on smaller time intervals.
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● FX:USDCAD , 🕐TF: 4D
Fig.3
So, in the context of the wave count, which is currently considered as the main scenario, the sideways correction (B) of Ⓨ in the form of a triangle A-B-C-D-E is supposed to develop. Within the framework of the triangle, sub-wave A is a double zigzag, which means that all subsequent sub-waves must take the form of exclusively single zigzags ⓐ-ⓑ-ⓒ .
We should also remember that a double zigzag in wave " A " of a sideways correction can be not only within a triangle, but also within a flat.
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● FX:USDCAD , 🕐TF: 1D
Fig.4
On the daily and smaller timeframes, we again encounter variability in wave counting. Now the sub-wave ⓑ of C can transform from a zigzag into a triangle, a flat or a combination.
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● FX:USDCAD , 🕐TF: 8h
Fig.5
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●● Local alternative count
● FX:USDCAD , 🕐TF: 4D
Fig.6
Well, now let's see what alternatives can be for a triangle and a flat, indicated in Fig.3 . The first thing you should pay attention to is that wave (B) could be completed in the form of a double zigzag W-X-Y . This is the marking we had as the main scenario until a series of the first and second waves within (C) of Ⓨ did not bog down in the sideways, which is marked ⓧ of 1 in Fig.6 .
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● FX:USDCAD , 🕐TF: 1D
Fig.7
If the price exits the flat trend upwards (along the path of the red dotted line), then most likely priority will be given to this scenario.
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●● Alternative count
● FX:USDCAD , 🕐TF: 4D
Fig.8
An alternative scenario, which involves expanding the boundaries of the triangle Ⓧ , we discussed in previous updates. Earlier the wave X of (C) was considered as a zigzag, now there are reasons to wait for the wave X in the form of a triangle. I did not succeed in solving the problem with counting the impulse A of (B) of Ⓧ , and for this reason, the implementation of markup, in my opinion, is less likely, as before.
As you can see, even applying a number of strong guidelines in your work, it is not always possible to minimize the number of possible ways for the development of the market structure. It remains only to wait for the manifestation of a readable form of the model in one position or another, compare it with the available wave counts options and adjust the trading plan as information becomes available.
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📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️⬇️⬇️
Markheavens
📚 Elliott Wave Pattern: Flat 🌊●● Flat
❗❗ 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.
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🔗 References:
Elliott Wave Principal 2005
Trade Waves / Elliott Waves Analysis (TWEWA)
📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
🌾Wheat (ZW): Elliott Wave Analysis●● Preferred count
● Wheat - CBOT (ZW.F), 🕐TF: 1Q
Fig.1
The counting of the wave structure of 1840-1972 has been revised in favor of a supercycly triangle (IV) , the subsequent series of uptrend waves is interpreted as waves I , II and III as part of the unfolding ending diagonal (V) .
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● Wheat Futures (CBOT), 🕐TF: 2W
Fig.2
The target for wave IV may be the Fibo level of 78.6% of wave II .
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● Wheat Futures (CBOT), 🕐TF: 1D
Fig.3
A variant of counting the wave structure of wave III .
The wave structure is expected to become more complex up to the sideways correction. If the correction takes the form of a triangle, as it is schematically depicted in Fig.4 , then a good trading setup will open for opening a short position.
📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
💼 SP500 (SPX): ending diagonal ⑤ ●● Preferred count
● S&P 500 - U.S. (^SPX),🕐TF: 60D
Fig.1
The current count of long-term waves is already two years old. How much more is allotted to the wave V of (III) no one will tell you. All we are capable of is tracking the shape and structure of the wave, which should manifest itself in the form of a five-wave motive wave.
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● US SP 500 CFD (FOREXCOM),🕐TF: 1W
Fig.2
My experience with the Elliott wave suggests that in most cases there is an alternation of motive waves in the positions 1 and 5 of the impulse , as well as waves A and C of a single zigzag . Based on these observations, I expect waves " (C) of ① " and " V of (III) " in the form of ending diagonals .
It should be noted that we do not predict the duration and amplitude of fluctuations inside the diagonals. Only the shape of the model.
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● US SP 500 CFD (FOREXCOM),🕐TF: 1D
Fig.3
Counting of the internal structure of wave 2 is variable. As will be shown in the alternative marking, there is a possibility that the double zigzag in wave 2 has already formed.
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● US SP 500 CFD (FOREXCOM),🕐TF: 8h
Fig.4
At the moment the wave ⓧ of 2 is interpreted as a running flat with a diagonal at the end. The pattern looks complete, probably the resumption of decline within the wave ⓨ from the current level.
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●● Alternative count
● US SP 500 CFD (FOREXCOM),🕐TF: 1D
Fig.5
Variant of wave 2 structure counting in the form of a completed double zigzag ⓦ-ⓧ-ⓨ .
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● US SP 500 CFD (FOREXCOM),🕐TF: 8h
Fig.6
Both wave counts, preferred and alternative, offer good trading setups. The ending diagonal (c) of ⓧ within the preferred wave count, as well as the initial diagonal ⓐ of 3 within the alternative count, can be used for an aggressive short position.
At the end of the correction in the ⓑ of 3 wave, especially if it takes the form of a triangle , a long position is possible, counting on the resumption of growth within the impulse in the ⓒ of 3 wave.
📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
🎢Euro Stoxx 50: Eurozone economy will continue to grow●● Preferred count
● SX5E ( TVC ) , 🕐TF: 1W
Fig.1
The Euro Stoxx 50 Index is the main index in the Eurozone. The components of the index are companies that are leaders in their industries - 50 companies from 12 eurozone countries: Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Luxembourg, the Netherlands, Portugal, Finland and France.
The main scenario is the continuation of long-term growth within the framework of the cycle wave V .
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● EU50EUR (OANDA) , 🕐TF: 1D
Fig.2
The ascending impulse (1) and the beginning of the subsequent correction (2) of ③ were successfully predicted. At the moment, the threewave corrective phase can be interpreted as a completed A-B-C single zigzag . Growth is expected to resume as part of the third wave.
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● EU50EUR (OANDA) , 🕐TF: 8h
Fig.3
As a local alternative scenario, black marking is proposed, in the context of which wave (2) will become more complicated to a double zigzag W-X-Y . This counting option will become more relevant if the sideways correction stretches in time and takes the shape of a triangle X .
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●● Alternative count
● FESX1!(EUREX) , 🕐TF: 1W
Fig.4
The probability of realization of the given scenario will multiply increase in case of display by a wave B of (Y) of the form of a triangle.
🎯 Interesting points for making trading decisions:
— Breakdown of the orthodox bottom of the wave B of (Y) of Ⓑ ;
— Completion of the zigzag (E) of Ⓑ within black marking;
— Completion of the zigzag Ⓔ of IV within the color marking.
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Disclaimer:
— The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
📈USDCHF: Long Term Forecast Update 1819-2022●● Preferred count
● U.S. Dollar / Swiss Franc, 🕐 TF: 1M
Fig.1
Once again, we have to resort to the developments of pr0 . No other resource could please with a price chart covering such a long time period.
Marking in black repeats the RSWA count published in April 2017 . I, for lack of understanding of the global context, do not undertake to mark the price extremes of 1819-1920 . I dare to assume that a double zigzag (w)-(x)-(y) is formed.
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● FX_IDC:USDCHF , 🕐 TF: 2W
Fig.2
On a weekly time interval, within the wave (y) , a contracting triangle b is predicted, then an exit from the model down with an impulse c .
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● FX:USDCHF , 🕐 TF: 2D
Fig.3
Within the triangle b , wave Ⓓ is formed in the form of a single zigzag (A)-(B)-(C) . The predicted target is 0.90610 , upon reaching which the primary wave Ⓓ will reach the gudeline of 61.8% Ⓑ .
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● FX:USDCHF , 🕐 TF: 4h
Fig.4
From the top of wave Ⓒ a downward impulse has been formed within wave 1 of (A) of Ⓓ , or wave (A) of an intermediate degree. One thing is clear so far: after the rollback of wave 1 or (A) , at least one more five-wave down will follow.
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●● Alternative count
● FX:USDCHF , 🕐 TF: 2D
Fig.5
The long-term alternative scenario is the same - the formation of a large triangle Ⓧ as part of a sharp wave b , which takes the form of a double zigzag.
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Disclaimer:
— The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
🧑🚀Yandex. Growth prospects.● YNDX: 🕐 1D
In the long term, Yandex shares may rise in price significantly, however, like most other securities of Russian issuers.
The counting of the wave structure on the daily interval encourages the adoption of a trading decision in favor of a long position.
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● YNDX: 🕐 2h
Perhaps the complication of ⓒ of Y of (2) to the ending diagonal with the achievement of the target zone indicated by the blue channel. A buy recommendation from my side will follow only if there are waves 1 - 2 as part of the expected intermediate wave (3) .
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Disclaimer:
— The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
🛢️Brent oil - correction lasting several years? 🕰️● CFDs on Brent Crude Oil ( UKOIL ): 🕐 1M
"Fig. 1"
The development of the ending diagonal is expected within the wave (V) of ((III)) .
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● BCOUSD (OANDA): 🕐 2D
"Fig. 2"
From the end of wave II, there is a five-wave structure — an impulse that could be wave Ⓐ . If this assumption is correct, then the current decline is part of the correction Ⓑ , which can take the form of any corrective pattern and last for several years.
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BCOUSD (OANDA): 🕐 4h
"Fig. 3"
"Fig. 4"
Once again, I repeat that at this stage in the development of the correction it is not possible to predict its final shape and duration, but I am betting on a triangle , on a model that has a high predictive value and is appears , according to my experience, in wave B of the zigzag most often.
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Disclaimer
— The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
🎯NZDUSD is a good prospect for building a trading pyramid●● Preferred count
● NZDUSD (IDC): 🕐1 M
As expected back in the distant 2019 , after the completion of the double zigzag , growth followed, presumably within the third wave of the ending diagonal c of (IV) .
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● NZDUSD (SAXO): 🕐 1D
Primary wave ③ is likely to show a double zigzag shape (W) - (X) - (Y) .
In the area indicated by the blue channel, the completion of the correction (X) and the subsequent resumption of growth by the final wave (Y) is expected.
As a local alternative, wave (X) can take the shape of a triangle or a flat correction .
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● NZDUSD (SAXO):🕐 4h
I recommend keeping a part of the short position with an eye to implementing an alternative count.
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●● Alternative count
● NZDUSD (IDC): 🕐 1M
The alternative wave count has not changed. There is a possibility that the wave Ⓧ of I has assumed the form of a flat .
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● NZDUSD (IDC): 🕐1D
Most likely, wave (C) of Ⓨ will go beyond the top C of (B) , level 0.54720 , reaching the lower border of the 0-Ⓦ-Ⓧ channel. Not a bad prospect for building a short trading pyramid.
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Disclaimer
— The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
🐻 S&P 500 — The crash of the US stock market 🌠●● Preferred count
● S&P 500 - U.S. (^SPX)🕐 TF:60D
"Fig. 1"
This interpretation of long-term waves (with a small difference) was published by TradeWaves-EWA © April 8 , 2019 . Next, on December 16 , 2020 , a minor change was made to the wave I subdivision count. It is November 2021 , the count is relevant and does not require revision, I hope it will remain so in the future. As for the forecast itself, in the foreseeable future — 5 - 10 years as part of the preferred count and in the near future under the alternative scenario — a sideways correction is expected within the framework of a supercyclical wave (IV) , with a duration of 10 - 15 years and a potential target of 1500 points ...
● SPXUSD (USD SP 500 CFD)🕐 TF:1W
"Fig. 2"
If you see the count in my performance on a light background, you should know that this is the main scenario.
As you noticed, in "Fig. 1" wave I is an impulse , which already speaks in favor of the fact that wave V of (III) will take the form of the ending diagonal . Moreover, the counting of the internal structure, as well as the "Right Look", helps to focus on this particular version of the count. In any case, the "covid" rally is coming to an end, it is worth preparing for a great bear market.
● SPXUSD (USD SP 500 CFD)🕐 TF:1D
"Fig. 3"
On the horizon, there is a correction by a minor wave 4 , which, based on the guideline of alternation, will take the form of a sideways correction in the form of a triangle or a flat .
● SPXUSD (USD SP 500 CFD)🕐 TF:4h
"Fig. 4"
In fact, the decline is already underway within wave (iv) . Further, the growth of the final (v) of ⓥ of 3 is expected.
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●● Alternative count
● SPXUSD (USD SP 500 CFD)🕐 TF:1W
"Fig. 5"
As it was announced earlier, the alternative scenario is extremely negative and suggests the beginning of the decline by the supercyclical wave (IV) practically from the current values. Black label denotes a locally alternative count option, more bullish, but still through a rather deep retracement within the wave ② .
● SPXUSD (USD SP 500 CFD)🕐 TF:4h
"Fig. 6"
Alternative labeling was born literally today. Wave (4) can be represented as a combination "Double three" . Then the impulse is formed by the final wave (5) of ⑤ . It should be noted that such a count can be applied to the main scenario, it is only required to lower the wave degree by one level.
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Disclaimer
— The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
🔥 Natural gas will rise in price three times 🥶●● Preferred count
● NATURALGAS ( Currency.com ) 🕐TF:1W
Globally, the price of natural gas is driven by the third wave of the Grand Supercycle , within which the final wave (V) is developing. Wave (IV) that preceded it took the shape of a w-x-y double zigzag , although one should not exclude further complication before a sideways correction.
● NATGASUSD ( OANDA )🕐TF:1D
Behind the most powerful part of the wave ① of I — Third of a Third — 3 of (3) , on the horizon — a less rapid growth in the fifth waves, followed by a series of downward corrections.
● NATGASUSD ( OANDA )🕐TF:4h
A correction by wave 4 is expected in the form of an expanded flat , the target for which may be the area of the previous fourth .
● NATGASUSD ( OANDA )🕐TF:2h
Wave ⓒ of 4 , presumably, is unfolding the ending diagonal .
●● Alternative count
● NATGASUSD ( OANDA )🕐TF:2h
As an alternative count — wave 4 of (3) is a running contracting triangle . This interpretation implies the resumption of growth within wave 5 from the current levels.
Long position under the conditions of the implementation of the main scenario seems to me less risky, but the alternative count also offers good opportunities for long at current prices.
𝘾𝙤𝙥𝙥𝙚𝙧 𝙁𝙪𝙩𝙪𝙧𝙚𝙨 (𝙃𝙂1!) — 𝙀𝙒𝘼HG1!: 🕐 6h
A big review of this asset is planned for the first half of next year, but decided to make a small update to the count, as the current sideways formation looks very much like a bullish contracting triangle that is about to be completed. On completion of the final wave E of (B) , there will be a good trading setup for a long position.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
🚀𝘾𝙖𝙧𝙙𝙖𝙣𝙤 (#𝘼𝘿𝘼𝙐𝙎𝘿) — 𝙛𝙞𝙣𝙖𝙡 𝙬𝙖𝙫𝙚...🌠●● 𝘾𝙖𝙧𝙙𝙖𝙣𝙤 (#𝘼𝘿𝘼𝙐𝙎𝘿) — 𝙀𝙒𝘼
● ADAUSDT (BINANCE): 🕐1D
The rocketing five-wave advance forms a nearly perfect impulse , in which the fifth wave is expected to rise.
Extension by the third wave, alternating waves 2-4 , touching by the top of wave 4 to channels 1-2-3 — all this is a harbinger of growth by wave 5 , which on its way, most likely, will go beyond the extremum of wave 4 of (1) .
● ADAUSDT (BINANCE): 🕐6h
Tentative targets for wave 5 , unless, of course, we go into extension, are located in the area marked in pink . Further, a decline is expected by the intermediate wave (2) to the area of the previous fourth wave.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
💨Cross Rate 𝙂𝘽𝙋 / 𝙅𝙋𝙔 - Grand Triangle 🌊●●● 𝙂𝘽𝙋/𝙅𝙋𝙔 — 𝙀𝙒𝘼
●● 𝙈𝙞𝙣𝙚 𝙨𝙘𝙚𝙣𝙖𝙧𝙞𝙤
● GBPJPY (FXCM): 🕐1W
Globally, the GBP / JPY cross rate is in a downtrend. The Yen is strengthening on all fronts as part of the senior correction of the fourth wave of the "Grand Supercycle" degree, presumably, unfolding a double zigzag with a triangle (x) . The final of wave ((X)) of d is close. Further, a decline is expected by wave ((Y)) , which should take the form of a single zigzag , the critical level for which is the bottom of the subwave b of the large triangle (x) .
● GBPJPY (FXCM): 🕐1D
Counting waves on a daily interval is exotic, suggests considering wave ((X)) in the form of a rare combination of the SZ-X-FL type. This calculation was chosen as a compromise between the rules and the "right look" .
● GBPJPY (FXCM): 🕐6h
As you know, the wave C of the plane is always an impulse or a ending diagonal . At the current stage of growth, any of these options can be implemented, but the priority is given to the diagonal ( (i)) - ((ii)) - ((iii)) - ((iv)) - ((v)) .
●● 𝘼𝙡𝙩𝙚𝙧𝙖𝙣𝙞𝙫𝙚 𝙨𝙘𝙚𝙣𝙖𝙧𝙞𝙤
● GBPJPY (IDC): 🕐1W
An alternative wave count locally reinforces the main scenario, suggests wave ((IV)) in the form of a single zigzag , within which (c) unflolding the ending diagonal .
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
💨𝙀𝙒 𝙋𝙖𝙩𝙩𝙚𝙧𝙣: 𝙈𝙪𝙡𝙩𝙞𝙥𝙡𝙚 𝙕𝙞𝙜𝙯𝙖𝙜🌊●●● 𝙈𝙪𝙡𝙩𝙞𝙥𝙡𝙚 𝙕𝙞𝙜𝙯𝙖𝙜 (Mult.Z)
Keep in mind that an triple zigzag is rare
❗❗ 𝙍𝙪𝙡𝙚𝙨
● A Multiple Zigzag comprise two (or three) single zigzags separated by one (or two) corrective pattern(s) in the opposite direction, labeled X . In the first case, it is called «double zigzag», in the second - «triple zigzag» (The first single zigzag is labeled W , the second Y , and the third, if there is one, Z .)
● Waves W , Y and Z are always single zigzags .
● Wave X never goes beyond the beginning of waves W and Y .
● Wave Y always ends past the end of the W , and wave Z , if any, always ends past the end of the Y .
● The first X wave always ends on the territory of the W wave, the second X , if any, on the territory of the Y wave.
● In a triple zigzag, the first X wave is always a zigzag, flat or combination . The second X wave is always a zigzag, flat , triangle or combination .
● In a double zigzag, wave X is always a zigzag, flat , triangle , or combination .
● Double and triple zigzags replace single zigzags , but cannot appear as W , Y , or Z waves.
❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
●In a double zigzag, wave Y can equal wave W , .618 wave W , 1.618 wave W , or .terminate at a distance equal to .618 wave W past wave W . In a triple zigzag, there can be equality among waves W , Y and Z , or wave Z can equal .618 wave Y , 1.618 wave Y , or .terminate at a distance equal to .618 wave Y , past wave Y . In a triple zigzag, the Fibonacci relationships between waves W and Y , would be the same as a double zigzag.
● The Fibonacci relationships between waves W and X in a double zigzag, and waves Y and XX in a triple zigzag are analogous to the relationships between waves A and B in a single zigzag .
● In a double zigzag, as a guideline, wave b of wave Y should not break the trendline that connects the beginning of wave W with the end of wave X .
● As a guideline, wave X (second wave X of the triple zigzag) of a double zigzag should break the trend channel formed by the first zigzag in wave W ( Y ) and be greater than 80% of subwave b of wave W ( Y and Z ).
● When a zigzag appears too small to be the entire wave with respect to the preceding wave (or, if it is to be wave 4 , the preceding wave 2 ), the complication of the structure to a multiple zigzag will probably follow.
Elliott Wave Principal 2005 and Q&A EWI .
💨𝙀𝙒 𝙋𝙖𝙩𝙩𝙚𝙧𝙣: 𝙎𝙞𝙣𝙜𝙡𝙚 𝙕𝙞𝙜𝙯𝙖𝙜🌊●●● 𝙎𝙞𝙣𝙜𝙡𝙚 𝙕𝙞𝙜𝙯𝙖𝙜 (SZ or ZZ)
❗❗ 𝙍𝙪𝙡𝙚𝙨
● A zigzag always subdivides into three waves.
● Wave A always subdivides into an impulse or leading diagonal .
● Wave C always subdivides into an impulse or ending diagonal .
● Wave B always subdivides into a zigzag, flat , triangle or combination thereof .
● Wave B never moves beyond the start of wave A .
● Wave B always ends within the price territory of wave A .
● Wave C almost always ends beyond the end of wave A . (failure to comply with this requirement is called «truncation» *
* Guideline, but should be followed as a rule
❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Wave C should not fail to reach the end of wave A by more than 10% of the length of wave A .
● In a zigzag, the length of wave C is usually equal to that of wave A , although it is not uncommonly 1.618 or .618 times the length of wave A (rarely 2.618 )
● Wave B typically retraces 38 to 79 percent of wave A .
● If wave B is a contracting triangle, it will typically retrace 38 to 50 percent of wave A .
● If wave B is a running contracting triangle , it will typically retrace between 10 and 40 percent of wave A .
● If wave B is a zigzag, it will typically retrace 50 to 79 percent of wave A .
● In a zigzag, if wave A is a leading diagonal , then we would not expect to see an ending diagonal for wave C .
● A line connecting the ends of waves A and C is often parallel to a line connecting the end of wave B and the start of wave A . (Forecasting guideline: Wave C often ends upon reaching a line drawn from the end of wave A that is parallel to a line connecting the start of wave A and the end of wave B .)
Elliott Wave Principal 2005 and Q&A EWI.
💨𝙋𝙡𝙖𝙩𝙞𝙣𝙪𝙢 𝙁𝙪𝙩𝙪𝙧𝙚 - Long Term 🐂 Trend🌊 𝙋𝙡𝙖𝙩𝙞𝙣𝙪𝙢 𝙁𝙪𝙩𝙪𝙧𝙚 (𝙋𝙇1!) — 𝙀𝙒𝘼
The senior wave degree is borrowed from the counting of the structure for gold and silver , which have a much longer history of quotations. The second slide shows how the correction, presumably the fourth wave of the “Supercycle” degree, is taking place in most metals, and the commodity market as a whole.
Further, taking into account the fact that the upward wave from the orthodox top (IV) is a single zigzag, it is correct to make an assumption about the formation of the ending diagonal (V) , within which wave III unfolds.
PL1! : 🕐2W
Wave ((A)) in the composition of III of (V) must also take the form of a diagonal . At least, the double zigzag that has passed from the end of wave II , in the context of the senior degree, can be interpreted as the first subdivision in its composition.
PL1! : 🕐1D
The first targets at 38.2% in wave (2) have been reached, the double zigzag W-X-Y of (2 ) looks complete. Growth is expected to resume by the intermediate wave (3) , the minimum targets for which are to go beyond the top of wave (1) .
PL1! : 🕐4h
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
💨𝙀𝙡𝙡𝙞𝙤𝙩𝙩 𝙒𝙖𝙫𝙚 𝙋𝙖𝙩𝙩𝙚𝙧𝙣: 𝘿𝙞𝙖𝙜𝙤𝙣𝙖𝙡🌊●●● 𝘿𝙞𝙖𝙜𝙤𝙣𝙖𝙡 (D)
❗❗ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙧𝙪𝙡𝙚𝙨
● A diagonal always subdivides into five waves.
● Wave 2 never goes beyond the start of wave 1 .
● Wave 3 always goes beyond the end of wave 1 .
● Wave 4 never moves beyond the end of wave 2 .
● Wave 4 always ends within the price territory of wave 1 (overlap).
● An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat .
● A leading diagonal always appears as wave 1 of an impulse or wave A of a zigzag.
● Waves 1 , 2 , 3 , 4 and 5 of an ending diagonal, and waves 2 and 4 of a leading diagonal, always subdivide into zigzags.
● In a leading diagonal, wave 5 always ends beyond the end of wave 3 .
❗ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙜𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Waves 1 , 3 and 5 of a leading diagonal usually subdivide into zigzags but sometimes appear to be impulses (all zigzags or all impulses ).
● Within an impulse , if wave 1 is a diagonal, wave 3 is likely to be extended.
● Within an impulse , wave 5 is unlikely to be a diagonal if wave 3 is not extended.
● A leading diagonal in the wave one position is typically followed by a zigzag retracement of 78.6 %.
●● 𝘾𝙤𝙣𝙩𝙧𝙖𝙘𝙩𝙞𝙣𝙜 𝘿𝙞𝙖𝙜𝙤𝙣𝙖𝙡 (Contr.D)
❗❗ 𝙍𝙪𝙡𝙚𝙨
● In the contracting variety, wave 3 is always shorter than wave 1 , wave 4 is always shorter than wave 2 , and wave 5 is always shorter than wave 3 .
● Going forward in time, a line connecting the ends of waves 2 and 4 converges towards with the line connecting the ends of waves 1 and 3 .
❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● In the contracting variety, wave 5 usually ends beyond the end of wave 3 . (Failure to do so is called a truncation.)
● In the contracting variety, wave 5 usually ends at or slightly beyond a line that connects the ends of waves 1 and 3 . (Ending beyond that line is called a throw-over.
● In the contracting variety, wave 3 may be equal .618 to .786 the length of wave 1 , and wave 5 may be equal .618 to .786 the length of wave 3 .
●● 𝙀𝙭𝙥𝙖𝙣𝙙𝙞𝙣𝙜 𝘿𝙞𝙖𝙜𝙤𝙣𝙖𝙡 (Exp.D)
❗❗ 𝙍𝙪𝙡𝙚𝙨
● In the expanding variety, wave 3 is always longer than wave 1 , wave 4 is always longer than wave 2 , and wave 5 is always longer than wave 3 .
● Going forward in time, a line connecting the ends of waves 2 and 4 diverges from with the line connecting the ends of waves 1 and 3 .
● Wave 5 always goes beyond the end of wave 3 .
❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Waves 2 and 4 each usually retrace .66 to .81 of the preceding wave.
● In the expanding variety, wave 3 may be equal to 1.618 the length of wave 1 , and wave 5 may be equal to 1.618 the length of wave 3 .
● In the expanding variety, wave 5 usually ends slightly before reaching a line that connects the ends of waves 1 and 3 .
Elliott Wave Principal 2005 and Q&A EWI .
🌽𝘾𝙤𝙧𝙣 𝙛𝙪𝙩𝙪𝙧𝙚 - we buy canned food for the New Year🚜ZC1! : 🕐 2W
Most likely, wave (V) of the "Supercycle" degree unfolding the ending diagonal I-II-III-IV-V , in which the growth is in wave III .
ZC1! : 🕐 1W
The growth marked with ((A)) is most likely over, although one more local maximum is not excluded. Further, a rollback is expected within the wave ((B)) of III , which has the right to take the form of any corrective pattern.
CORNUSD :🕐 1D
When the correction forms appear, at the completion of the corrective wave ((B)) of III , I plan to take a closer look at a long position on one of the available trading instruments, as well as at companies in the agricultural sector.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
💨𝙀𝙡𝙡𝙞𝙤𝙩𝙩 𝙒𝙖𝙫𝙚 𝙋𝙖𝙩𝙩𝙚𝙧𝙣: 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚🌊●●● 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (T)
❗❗ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙧𝙪𝙡𝙚𝙨
● A triangle always subdivides into five waves.
● At least four waves among waves A , B , C , D and E are subdivided into a single zigzag.
● A triangle never has more than one complex subwave, in which case it is always a multiple zigzag or a triangle.
❗ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙜𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Usually, wave C subdivides into a "multiple zigzag" that is longer lasting and contains deeper percentage retracements than each of the other subwaves.
● Usually, wave D subdivides into a "multiple zigzag" that is longer lasting and contains deeper percentage retracements than each of the other subwaves.
● Alternating waves of a triangle may be in Fibonacci proportion to each other by a ratio of 0.618 for contracting triangles and 1.618 for expanding triangles. For example, in a contracting triangle, look for wave C to equal 0.618 of wave A .
● A triangle can be wave 4 impuls , wave B of a zigzag, wave X of a double or second wave of an X of a triple zigzag, sub-wave C , D or E of a triangle and the last structure of a combination .
●● 𝘾𝙤𝙣𝙩𝙧𝙖𝙘𝙩𝙞𝙣𝙜 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (Contr.T — CT)
❗❗ 𝙍𝙪𝙡𝙚𝙨
● Wave C never moves beyond the end of wave A , wave D never moves beyond the end of wave B , and wave E never moves beyond the end of wave C . The result is that going forward in time, a line connecting the ends of waves B and D converges with a line connecting the ends of waves A and C .
● Waves A and B never subdivide into a triangle.
● In a running triangle, wave B should be no more than twice as long as wave A . (Q&A EWI)
❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Sometimes one of the waves, usually wave C , D or E , subdivides into a contracting or barrier triangle. Often the effect is as if the entire triangle consisted of nine zigzags.
● About 60% of the time, wave B goes beyond the beyond the start of wave A . When this happens, the triangle is called a running triangle.
●● 𝘽𝙖𝙧𝙧𝙞𝙚𝙧 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (Barr.T — BT)
❗❗ 𝙍𝙪𝙡𝙚𝙨
● Wave C never moves beyond the end of wave A , wave D never moves beyond the end of wave B , and wave E never moves beyond the end of wave C . The result is that going forward in time, a line connecting the ends of waves B and D converges with a line connecting the ends of waves A and C .
● Waves B and D end at essentially the same level.
● In a running triangle, wave B should be no more than twice as long as wave A . (Q&A EWI)
❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● About 60% of the time, wave B goes beyond the beyond the start of wave A . When this happens, the triangle is called a running barrier triangle.
● When wave 5 follows a triangle, it is typically either a brief, rapid movement or an exceptionally long extension.
☝ 𝙉𝙤𝙩𝙚𝙨
● We have yet to observe a 9 -wave barrier triangle, implying that this form may not extend.
●● 𝙀𝙭𝙥𝙖𝙣𝙙𝙞𝙣𝙜 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (Exp.T — ET)
❗❗ 𝙍𝙪𝙡𝙚𝙨
● Wave C , D and E each moves beyond the end of the preceding same-directional subwave. (The result is that going forward in time, a line connecting the ends of waves B and D diverges from a line connecting the ends of waves A and C .)
● Subwaves B , C and D each retrace at least 100 percent but no more than 150 percent of the preceding subwave.
❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Subwaves B , C and D usually retrace 105 to 125 percent of the preceding subwave.
☝ 𝙉𝙤𝙩𝙚𝙨
● No subwave has yet been observed to subdivide into a triangle.
Elliott Wave Principal 2005 and Q&A EWI .
💨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 .
🎌USD/JPY - the market devaluation of the yen will continue ...●● Mine scenario
● USDJPY (IDC):🕐2W
Time passes, but the Japanese yen is not moving anywhere ...
For more than two years now, I have been successfully forecasting a contracting triangle, after which a decline was expected. I think it's time to change something, for example, as the main scenario, consider the probability of an upward exit from the model. Yes, yes, after weighing all the pros and cons, I came to just such a scenario.
● USDJPY (FXCM):🕐1D
The goals set back in September 2020 are still relevant and are likely to be achieved. The complication of the wave (C) of ((D)) to the ending diagonal is expected.
● USDJPY (FXCM):🕐4h
Provided that the diagonal is formed by the wave (C) of ((D)) , I will fix a long position and switch to a short position with an eye on the implementation of an alternative wave count.
●● Alteranive scenario
● USDJPY (FXCM):🕐1W
As mentioned earlier, the scenario in which a decline follows the triangle is now an alternative count. Nevertheless, provided the diagonal is formed in wave (C) of ((D)) and, under certain conditions, at the end of the final wave (E) of ((X)) , we will consider opportunities for trading in a short position.
● USDJPY (FXCM):🕐1D
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
🚀₿𝙞𝙩𝙘𝙤𝙞𝙣 𝘾𝙖𝙨𝙝 at a crossroads ... 🤷♂️●● Mine scenario
● BCHUSD (COINBASE):🕐1D
"Fig.1"
The rise from the orthodox bottom of the triangle ④ formed a five-wave structure in the form of a diagonal, at least this variant of count can be applied to this structure in the context of the highest degree. The subsequent three-wave advance, which is labeled (2) , supports this idea. Cancellation of the scenario and, as a consequence, activation of the alternative wave count, - upon the breakout of the orthodox bottom ④ , the level "invalid" ..
● BCHUSD (COINBASE):🕐4h
"Fig.2"
"Fig.3"
Agree, the wave structure is extremely complex and its interpretation is ambiguous. Figures 2 and 3 show you two options for count, both of which are conducive to continued growth, the only question is: is the correction (2) formed or we are expecting a deeper rollback within the "black" count?
From the level of $ 600 there was a recommendation for a long-position. Upon reaching the levels of $ 880-1020 , we may partially reduce the volume of the long-position and prepare for a price decrease within the framework of an alternative count.
●● Alternative scenario
● BCHUSD (COINBASE):🕐1D
"Fig.4"
The global alternative wave-count suggests a large triangle in the primary wave ④ , within which a three-wave advance of the sub-wave (C) is expected.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.