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Wave1

Elliot waves meets Fibonacci [Educational]Hello everyone, today I like to share how I use elliot waves combined with fibonacci to analyze the market. The standard rules are: - Wave 2 can now be lower then the start of wave 1 - Wave 3 should be the longest - Wave 4 should not breach the high of wave 1 But to have a more objective view there are also price targets to be reached within the different waves. It's a complex subject to show in one chart, so feel free to ask in the comment section if you have any questions.
BITFINEX:BTCUSDEducation
by Kyrean
7
EDITAS bottoming in process, turnaround soon, target min ~22 USDEDITAS could be in the bottoming process, I am watching it for a few years now. We have a falling broadening wedge, on which we had a breakout already. This is part of a bigger falling wedge (blue). It is techincally possible, we had put in the lows at 6.35 as a wave 5 (as an ending diagonal), which is part of wave V as a last wave, of the biggest Wave (II). This would indicate, for quiet a few years we have the lows. Now, it is possible (~20%) that the wave(II) can extend, and that currently what we are forming is just a wave(IV) as a bigger ABC correction, but we should NOT ignore this good opportunity. In the primary scenarion (bottom is in place): we already had a 5 count up (sorry for the inconsistency in the colors and the letterd counts) as a diagonal, completing the orange wave I (or wave A) up, and now, alongside with the news that shares are issued, we are having the orange wave II as an abc pullback. Due to the impulsiveness, this is certanly an a wave down, and it does not seem finished yet. It will be followed by a b wave up, and then agan a c wave down. I have marked the turnaround/support boxes. Possibly, with the abc we could form a head and shoulders (but target wont be reached). We would like to have the turnaround optimally in the green box. It could have a deeper pullback, so chances are, it will drop to the orange box. (I am scaling in) Under the orange box is what I call the "danger" zone; it COULD still turn around, but more often than not, it is just not playing out, and being extremely risky, signaling, that possibly new lows are coming I have already made 3 positions opened between 8-9 USD from previous months (accumulation) Strong support (which will be my scale in zones for further accumulation): ~8.80 ~8.40 ~7.75 I am also swing trading it(several days->weeks, shorting/buying) on a short frame based on elliott counts/luxalgo/support zones/MA's. (i.e.: if a wave seems done, put in a hedged long for 3 counts up for b wave, then short it down hedged till .618 OR 5 counts down) On the daily: RSI is cooling down from overbought levels, and MACD possibly diverging (already converged) 200 day MA is rejecting us,180 as well. 15day SMA, 21day EMA, 9day SMA rejected us. 50/52 day SMA is below us, but with the bottoming/pullback likely we will sip below that (but converging upwards) On the weekly: we getting rejected for a while on the 9.85 levels, indicating a pullback for many weeks now (again, my primary scenario it wants just a wave 2 pullback in) RSI is pulling back, but have not diverged with the trendline, and possibly will not, i expect to provide support MACD is coming up nicely to the base level, but deccelerating. Invalidation for the setup is the brushed yellow line.
NASDAQ:EDITLong
by tommtajlor
3
DXY . BE CAREFUL shorting stocks.Hello everyone, I just wanted to share what I'm seeing on the relative strength of the dollar. I outlined a possible completion of wave 1, which is very near Imho. I would be very careful shorting stocks. If you're a swing or long term trader. I believe the best time to short this market is when wave 2 is completed. For now I would be very cautious. Too many people calling for a market top. The sentiment I read is one of disbelieve, not optimism or euphoria. Yes the market has been volatile lately but to me is just setting up for a massive move up, bringing the market to a euphoric state. This is only my opinion and should not be taking as financial advice. Cheers and good luck.
TVC:DXYShort
by FreedomBuilder
Programmed PRG breakout Impulse move during Gap LONGIt seems Programmed 'PRG:ASX', finally a breakout of a Corrective ABCDE Triangle on the Daily (Minor Period), has resulted in an Impulse move LONG to form the first Impulse Wave1 on the Minor Period. Based on Support created during 2015, I'm looking for a Wave2 correction/retracement down to the 0.832 or 0.50 Fibonacci level before the Wave3 Impulse run. However due to the fact, the first wave is a gap, and there is no reference charting, the move LONG could continue as a wave1 before a retracement. Price action has not yet dropped below the Ketchup EMA, however, chances are the next candle or few, should drop the price action below the Ketchup. Once Price action crosses the Water EMA, I will consider that confirmation of Wave1 and Wave2 (Minor Period) in progress. All other EMAs are pointing upwards with the RSI inside the 'TDI' bands, at the bottom extreme, pointing downwards, which suggests continued price action move downwards with the 'RSI' from the '64.000' region, which at its last high of '84.0000' suggests price WAS in the overbought position. That, together with the previous price breakout back in 08 of '2013', and the previous triple Elliot Triangle, produces a BULLISH bias to this stock with great expectations. I've gone LONG on this at the current price point, even though the right move would be to wait for wave2 to complete and break structure, I've got a lot of confidence in this company to perform to a level which will increase stock value to at least $5.00 range within the next couple of years, thus doubling my investment for this short-term and providing the trend continues should continue to perform a Wave3 Intermediate, once the Minor Wave5 has completed. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
ASX:PRGLong
by UnknownUnicorn661419
Ascending Triangle Confirmed, Tough Times Ahead for IHG ?As per my previous CORRECT analysis back in April 26th (), the move upwards up to the upper trendline has been confirmed as well as the move downwards. This move downwards was quite a violent bearish move and strongly suggests that an Impulse move downwards has now started, for a long-term SHORT. TDI confirms the strong Bearish move downwards and we should now see some consolidation, before another move downards. If the Water EMA crosses the Blueberry EMA, it will be a good signal to SHORT this stock for a second trade. The first trade was at the top of the structure. An elliott wave count, taken from Wave Y, would suggest the next count is an Impulse wave 1. At this point in time, holding IHG stock would not be a good idea, as on the Daily time period the last move on the wave Y was on an Ascending Triangle, thus on the Intermediate Period, the next move is an Impulse wave 1. If this proves correct, within 2 years this stock will be worth less than $20 ~ $10, therefore Closing your position would be recommended, in my opinion. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
NYSE:IHGShort
by UnknownUnicorn661419
1
OMNI Seems to be completing a Wedge, breakout LONG imminent?It seems that OMNIcoin is in the final stages of a wedge and in my opinion, is about to breakout of the wedge/structure into the start of a Wave 1 on the Intermediate period, which means a continuous upward trend for a substantial period of time (eg. Long Term). Price action has breached the Blueberry EMA 3 times but has not penetrated the Support. There is also a major flip zone where in my opinion, is major support and price action won't penetrate. TDI shows price action around the mid-band area whilst it is approaching the oversold area of RSI as the bands begin to expand/separate. In my opinion, once structure is broken, and there is a breakout, we can expect a couple of deep retracements at least until August, and then we should see a rapid bullish (Going LONG) move to continue the Wave 1 Impulse on the Intermediate Period. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
OLong
by UnknownUnicorn661419
8
Insane LONG opportunity. Entry on possible Bearish Cypher targetIt appears, in my opinion, that we have an Insane (great) trading opportunity where we may be right at the bottom of a Wave 1 Impulse move on the Daily Period/chart. The count is based on a previous Impulse wave which finished around July 2014 and has been in a significant corrective pattern until March 2017. Based on pattern and elliott wave structure, the next move should be an Impulse move in Bullish trend (upwards). Due to all EMAs pointing to a complete reversal as too the TDI suggesting we are coming out of an Oversold market status, the only way is Up ! Once price action crosses the Mayo and the Blueberry EMAs, which will simultaneously be confirmed after a breakout of corrective structure, we can expect the continuation of a Wave 1. There is yet another confirmation on this chart, where I can see a FLAG has been formed, thus the probability of a LONG on this particular daily chart is extremely high. As long as fundamentals of Trip Advisor Inc, continue their current form, this stock is set to reach well past the moon which means it will be a terrific investment for long-term traders and investors. Entry can be taken in 2 positions. First position and most safest is the breakout of the corrective structure but beware of the pullback Fibonacci. The second position would be in the Hourly chart where the Bearish Cypher pattern should be validated within the next month, and an entry could be either at Position#1 or Position#2 to then going LONG (Buy) for the entire Impulse wave. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
NASDAQ:TRIPLong
by UnknownUnicorn661419
Possible LONG with Bearish Cypher confirmation entry pointIt seems Starbucks is continuing it's uptrend price action (Daily Chart) with a possible LONG entry based on a Bearish Cypher pattern formation if it becomes validated on the Hourly chart, to complete a Wave C correction/consolidation. Chart pattern suggests a high probability trade going LONG on this in continuation of uptrend, based on an Impulse Wave 1 completion on the Intermediate period. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
NASDAQ:SBUXLong
by UnknownUnicorn661419
Merck & Co Inc on Possible Wave Y Completion?It seems that we may have a possible Wave Y completion on the Intermediate Period, with a wave 5 on the Minor Period confirming it. On structure breakout, it is possible that we may see the start of a SHORT on a wave 1 minor of a wave 1 Intermediate. MACD suggests slight upwards movement before a bearish move at the breakout of structure. Stochastic already displays overbought position and likely move downwards as well as RSI suggests overbought position already completed and bearish movement possibly imminent on breakout of structure. Additionally, my guess is that due to looming lawsuits regarding Vaccine safety as well as gender bias lawsuits, has ultimately influenced investor confidence and is now starting to net the results of this. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
NYSE:MRKShort
by UnknownUnicorn661419
Elliott Wave Count for Brazil's IBOVO IBOV parece estar no final de uma onda C Menor, dentro de uma (4) Intermediária, que faz parte de uma onda (I) Primária. O início da onda (5) está iminente e deve levar o IBOV até 55K. A partir dalí, devemos ficar atentos ao final da onda (5) e (I). Essa contagem leva em consideração o humor social bastante negativo que dominou a percepção de investidores e não-investidores sobre o Brasil, especialmente no segundo semestre de 2015. O Fundo de Janeiro de 2016 seria então o final de uma correção(baixista) de uma onda de grau Cíclico(altista). Esta correção teve seu início em Abril/2008! -------------------------------------------------------------------------- Brazilian Stock Index IBOV looks as though it is at the end of a Minor C Wave, which is part of an Intermediary (4)th wave inside a Primary Wave (I). The start of Wave (5) is imminent and should carry the IBOV back to 55k. From then, we should look out for the completion of Waves (5) and (I). This count takes into account the negative mood that took over investors and non-investors perception on Brazil alike, specially in the last semester of 2015. The January 2016 Bottom would then be the end of a (bearish)correction of a long (bullish)Cyclic degree wave. This correction started back in April 2008!
BMFBOVESPA:IBOVLong
by geraldelli
1