WAVES.USDT (Y20.P5.E2).Stalking for a breakoutHi All,
(ref. z.chart)
One of those that performed well in the past and now looking to see if this level holds for the structure can give it a boost up.
Otherwise wait for the pullback as per the chart and potential support area.
Cheers,
S.SAri
Macro overview
Wave-5
WindInspiration's EURUSD DOWN WAVEEEEZMAGA
I am Selling EURUSD Based Upon These Technicals
Elliot Wave Daily Timeframe Corrective Cycle Ongoing
In H4 Timeframe 5 Wave Cycle Movement Down of Daily Timeframe Corrective Wave A Down
1:1.618 Alternate Wave Equality Projection in H1 Timeframe Wave Analysis
In H1 Timeframe Wave Forms Suggest ABC Cycle Completion
Fibonacci Retracement Zones 50-61.8%
GOOD LUCK DOGES!! AND CATS
WIND
what do you think? Comment belowI believe we are on the 4th wave (retracement) at the moment. it has already formed an ABCDE and an ABC so if the rule holds true it will do another ABCDE.
#AUDNZD shortend of correction wave by ABC pattern containing 5-3-5 subwaves and a fibonacci price cluster.
BTC Wave 3 ENDING ? Monthly Elliot Wave! 14K/16K BUYLooking at the monthly chart it looks clear to me that Elliot Waves 1,2,3 has been formed, and now that Wave 3 has hit the 1.618 fib level of wave 1 and dipped signals that wave 3 could be over. Meaning a retracement should occur before continuing the 5th wave. This presents a potential buying opportunity at the 0.236 & 0.382 fib levels, the reason why I think the price will bounce at these levels is because since wave 1-2 was a steep retracement (around 0.618) then we should see a shallow retracement of wave 3-4, because many new buyers who missed out on the last impulse wave will eagerly buy in.
If the retracement occurs and it is a shallow retracement of Wave 3 then the retracement should end either at the 0.236 fib ($16.6K) or the 0.382 ($14.6K) fib level. What we do now is patiently wait for this to happen, but in the case price breaks out of 20K and remains above it without faking out, we can consider joining bitcoin !
Not financial advice nor am I responsible for any losses you may incur by following my trading ideas.
Happy Trading
- WineTrader888
Cipla - Bullish Wolfe WaveCipla has bullish wolfe wave on 30 mins TF. a small resistance zone above, lets see how it react there, Targets on chart...
GOLD Trading Plan - 11/Dec/2020Hello Traders,
Hope you all are doing good!!
As per last analysis, GOLD has moved down after testing the resistance at 1875.
Currently it is trading in Ascending triangle, however facing the immediate resistance at 1845 & have demand zone below as shown in the chart.
Normally ascending triangle supposed to be broken upside, however the price action is biased more of downside.
Wait for the breakout of this triangle for deciding the next move.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Ethereum Correction vs. Gold CorrectionAn interesting comparison between ETH and Gold corrections. This is more evidence that Ethereum is not going to crash. We are in a healthy correction pattern as per Elliott Wave theory.
