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WAVE-B

📚 The Perfect Impulse - Correction - Impulse 📚NZDUSD has recently given us the perfect impulse, correct, impulse move, which is probably our favourite pattern to trade. The market moves in waves. There's an impulse wave, followed by a brief period of consolidation/correction where buyers and sellers accumulate their orders. This is often followed by another impulse wave in the same initial direction as the first impulse. The great thing about these patterns is that we can have a clear stop placement, which is above the correction. If you have a closer look at this chart, you will be able to notice various impulse waves followed by corrections. Do your best to find them in your trading!
Education
by WicktatorFX
7
Nasdaq anticipation wolf wave - elliot wave - ascending wedgeI've been anticipating nasdaq moves ignoring the news since quite a while and it work way better that way. and i figure out 3 scenari. the upside one (which is the less pssobile to me, but still a possibility) If nasdaq respect my anticipation, (which is working since the last bottom) it would confirm a bigger drop later , currently forming and ascending wedge, and if Nasdaq goes to a range to 13400/13600, that would be a perfect bearish wolf wave. confirming previous anticipation drop. Then where would be 2 scenarii, 1 is the rebound from the 1D SMA200, the 2nd one would be the confirmation of the 5th legs of Eliot's wave and 50% fibo on weekly, so 10780. time will tell, im into the 2nd scenario.
ULong
by jeremiem
HRTUSDT AnalysisThe price has managed to break the uptrend line! But it still does not have enough power. In the next day or two, everything will be clear. If the price rises, it can move up to the specified range, which is an excuse that has already been tested for this market. Although this number and level is not very strong But if the price bounces back and breaks the trend line again, an incomplete Wolfe pattern is formed that can go all the way to the end of the red arrow. If the price falls from the linear trend that connects points one and four, it can be a good place to buy.
by AliSignals
What Are You Doing Ripple? BUY XRPUSDOkay we know its just a matter of time before ripple takes off, so the longer it stays in this consolidation zone the bigger the impending move will be so if you still have your ripple position, just be patient and wait a little longer. At the moment, structure tells us that we might get a slight dip back into the previous structure before can see another attempt at a potential bullish impulse and if we can break out of the consolidation then it might turn out to be the move we've all been waiting for.
BITFINEX:XRPUSDLong
by Joseph_Yabwa
1
The BITCOIN Correction You May Not Have Seen (Wave B is 29-58k)Hi Everyone, I just wanted to shed light on an Elliot/Neo Wave count that I have theorised since finding support at the 43k USD level. Now hear me out, as this does sound bizarre, however keep in mind that if this wave count is true, it projects an influx of major yet to be seen growth to BTC and is more incredibly bullish with massive upside potential than what price action we have already seen unfold to date. Lets cut to the chase... My observations are as follows, We may have just finished the Wave 4 correction at 43k USD. This correction may not have started at the 58k high though as many are portraying on the charts (I say we have actually completed it). I do believe at this point of time that wave 4 correction may have started at the peak of 42k USD (8th Jan 2021) and has just finished at 43k USD (1st March 2021). This means that the rally that unfolded from 29k to 58k was the 'B' correction wave and if this is the case this indicates extremely bullish future price movement yet to be observed on BTC. It is my personal opinion that there was a lack of impulsivity during the run from 29k to 58k (yes we did see upward price action however this unfolded with corrective nature in the middle of what should be rapid growth). In the direct dead centre of this 'supposedly impulse' move. We noticed a stretched channel of sideways price movement which has differed to the same corrective behaviour as seen in previous fractal corrections. I see corrective nature unfolding in the dead centre of this wave that majority may turn a blind eye and expected the mass psychology of extreme growth through a wave 3 when making new ATH's. WE DID NOT SEE THIS... The large green candle at the start of wave B was beyond normal price growth as Elon Musk updated his twitter bio to #Bitcoin as we know and caused rapid growth immediately. also the large green candle the following day was when Elon announced an investment of 1.5bn USD in BTC. It's also highly important to note that the sideways price movement of the depicted wave B this was sideways price movement was noticeable prior to the psychological 50K USD price mark. I have tried to negate this idea and find a logical, clean and a somewhat semi-expected 5 wave count from 29k to 58k however the corrections within this time period do not show the rapid sell off corrections we have seen previously throughout this bull run. The only place we see it occur is in the middle of an impulse wave? We know history doesn't repeat but in BTC's Bull runs we do see a lot of rhyming when bullish price action unfolds and to me this is evident during this period of price action that it shows corrective nature Invalidation of this idea is if price falls below 43k USD. If this idea is respected, I do expect within very very near future we target the ATH and exponentially grow from there as the large wave B of wave 4 is evidence of 'future price indication' of bullish price movement to come within the next impulse wave (Wave 5) that we may have just commenced and potentially targeting fib levels anywhere from 1.618 ($94'800 USD) through to the 4.236 ($178'000 USD). We will just have to wait and count the fractal waves of BTC as we move along if we do indeed progress higher. FUN FACT: These hyper bullish corrections are not uncommon and are apart of Glen Neely's Findings when he accurately projected the DOW JONES to grow from what many were expecting a depression or violent correction to occur as there was rapid price growth from August 1987 to Feb 1994 where the DOW grew from 1616 to 3985 points however this was indeed proven to be the large cycle corrective wave when many thought it was an impulse wave. By the Way, BTC 2017 Bull run had a hyper bullish wave 4 correction very similar to this prior to hitting 20k USD... Lets watch price action unfold. Thanks, Husky
Long
by Husky2795
1
Bitcoin Wave 5 Forming - Possible Uptrend to 65k-70kGiven these assumptions about wave 5, all three possibilities arrive between 65k and 70k as final target. "The three ways to forecast wave 5. First, wave 5 is inverse 123.6 – 161.8% retracement of wave 4. Second, wave 5 is equal to wave 1. Third, wave 5 is 61.8% of wave 1-3' This assumes the correction is completed, but it was significantly quicker/shorter correction than the previous two found in this current bull run (reference below, this one is about 50% shorter duration but does land firmly in the median of the others). This is invalidated if BTC breaks from its channel to resume further corrections.
COINBASE:BTCUSDLong
by 1BigPapi