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Wave3

TGT Target 100% confirmation of Wave 3 Impulse going SHORT !It seems we have a 100% confirmation of TGT (Target) going SHORT on a wave 3 on Intermediate, Minor and Minute Periods. MACD, RSI and Stochastic all show oversold positions and we shall see on next open of market, how far down the price action gap will take us before we see an upwards move on a correction because continuation of downwards Impulse move. SMA also indicates bearish trend continuation. This is a Very Dangerous sign for Target as this impulse is on an Intermediate period, which means if it continues this way, the stock is headed downwards very fast. A great SHORT opportunity here is at the breakout of a Fibonacci move, for some significant profit. I shall now await for a corrective structure to form within the Wave 3 move, to then take a short on this, all the way to the bottom of wave 5. ---------------------------------------------------------------------------------------------------------------------------------------------------------- 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:TGTShort
by UnknownUnicorn661419
GBPJPY wave analysisHello guys, What do you think about this wave analysis? It seems we are on the beginning of the 3rd wave hear (the biggest move according to Elliot). ABC retracement is completed between 0.382 and 0.5 fib retracement levels. We can see the pair gaining more volume on 0.5 fib level with the huge bullish candlestick. Even though I am already long on this trade (see my related idea GBPJPY showing a bullish retracement ), I just feel as sharing this Wave analysis. SL is set few pips below 0.5 fib level.
Long
by nkanven
Nifty : Just an analysis... Now there will be 1000 reasons and theories why Nifty dropped down from 8720's.To check n validate whether those are right or wrong is not our job and that's not worth our time. Let those reasoning's be right, it cant make any real money, but if you have traded in right direction with your trade plan( Be it fundamental or technical) ,if you made money you are far better than those empty theories.Don't we know from start of august itself, Nifty is gonna be weak with GST passing (Sell on News ) ? Enough of past discussions, lets get back to field work ! Nifty took out the support zone of 8580's, though we don't have any valid support on hourly till it reaches trendline which is also Fib extension 2.0 if you draw fibs on Wave 1 and we do have fib extension 1.618 in the 8580's support zone, so easily that can pass as Wave 3. Well, I don't wanna predict where exactly Nifty ends its wave 3. So what we are looking for ?? Scenario 1 : if the Blue trendline support is broken enter short ( I really expect Nifty won't break it just like that, so we will get pullback to 8570's zone before breaking the supportline - that's the pullback area we are waiting to enter shorts. Use very strict stops if this happens. Scenario 2 : Can touch supportline and bounce back breaking upwards above redline, Enter longs in Nifty only after our 8570's zone is crossed. This will be safe entry according to Me, to initiate long positions. Scenario 3 : If Nifty ends wave 3 around 8570's n bounces up, I won't be taking any positions bcos I'm unsure about the move till red upper trendline is taken out. Final Scene : Well, who knows ? That's Nifty's Style,Boss ! Thanks for your Likes..Happy Trading !
NSE:NIFTY
by InsiderB
1
BTC / USD in Potential Wave [3] - Updated ChartA quick update to my wave count posted about two months ago. I modified the timeline of the labels - price targets remain the same. The sideways movement lasted longer than I had anticipated. Price stability in the low 400s area created a nice base for the recent rise in price. Review the old post on cryptowaves.com for detailed commentary. Note that I changed the labels slightly in the updated chart I posted today because I had a mistake in the labeling of the wave degrees in the post from February. cryptowaves.com
BITSTAMP:BTCUSDLong
by CryptoWaves
EWA. EURUSD - An Ending Diagonal (Wedge)And so, after a little break in falling down, in the middle of august '15, EURO continues his journey to the south. Perhaps, now there is forming an ending diagonal in the wave 5 (or c). Why do I think so? As we can see, there are a lot of correction waves (ABC), both up and down. Therefore, there are two possible scenarios: The correction up will continue in the wave C, and the whole model will be a flat (marked with gray color). In this case, wave C can be an ending diagonal as well. There will be formed an endind diagonal, and the current "ABC's" are its wave I and II. After it's finished, the currency will start a major correction, but it'll be not earlier than next year. Why do I think it's the second scenario, even the ending diagonals are not so common? In the wave II, there were formed a beautiful triangle in its wave {B}. As we remember, accordind to the Elliot Wave rules, a triangle could be only a wave 4 or B. Obviously, it cannot be a wave 4, therefore it's a B-wave. The question is, it's a B-wave in the I-st wave of upside diagonal or it is in the II-nd wave of the downside diagonal? My trading plan: March has started with a little correction, and it's a good oportunity to sell. So, I open a short possition, even the correction can go further, with a stop-loss order at the local maximum - 1,137. Once the order is filled, it means I will trade the second scenario. I want to trade wave 3 only (because to trade wave 5 in an ending diagonal is too dangerous), so the target zone is, at least, 1,05, but probably it will be 1,04 or even more. So, the risk/reward ratio is acceptable.
Short
by UnknownUnicorn90040
1
Wave 3 of iii Potential - Jan 19 Low is criticalFor those intimate with Elliott Wave counting, check out this chart. The EUR/USD and AUD/USD have been diverging in price over the past few days creating some large moves in the EUR/AUD cross pair. The Elliott Wave picture has a wave count that suggests a wave 3 of iii underway from the Jan 19 low. If this is the case, then prices are likely to aggressively climb higher. A drop below the Jan 19 low does not negate the bullish counts, but does hamper how I have the .1 and .2 labeled. The pair was highlighted in a published article 2 weeks ago - you can view it here for a refresher. Best of luck and happy trading!
Long
by JWagnerFXTrader
9
Gold's Two Bullish Wave CountsGold has a couple of bullish interpretations listed below. Before I get into them, even though this piece is about 2 bullish interpretations, the market can prove both of them wrong so please don't expect this to be 100% correct...nobody has that magic wand in their hand. The preferred count is the wave 3 higher written about 2 weeks ago is still alive, albeit barely. It suggests prices continue to follow through on a move higher that carries towards $1245. $1245 is where wave iii = 1.618 * wave i which is a common relationship. The second interpretation is that we are working a larger zig zag higher. Zig zags carve as a 5-3-5 pattern. In this case, our '3' is shaping up like a triangle (note the alt labels). This suggests we fail below 1156 and retrace back towards 1110. Near 1110 is the buying opportunity under this interpretation for a target range near 1200-1225. Bottom line, a failure in price early next week opens the door for a buying opportunity near 1110 (1090 stop) and target 1200-1225. Happy Trading!
FX:XAUUSDLong
by JWagnerFXTrader
7
EURCHF (updated) Long with wave 5The same idea with previous forecast. I plotted the overlap zone which reject wave 4 of a possible impulse wave. So, I determine this is a corrective wave. The next question is DOES the wave end or not. This corrective wave reach near to 61.8% fibo level and did not overlap the 1st wave, price also bounced up . Trading strategy: I assume that price is developing the 1st wave of wave 5 (5-wave structure). So, just wait for wave 2 to buy wave 3. The conditions to trade: Price will break the channel of wave 1 (the current wave) but not retract 100% of wave 1 (1.07151)
Long
by URIFX
1
UPDATE #3: USDJPY: A WAVE 3? MAYBE NOW!. 180+ PIPS POSSIBLEAt the risk of sounding like the boy who cried "WOLF!" too many times, I have re-adjusted my current wave count and now it seems a "wave 3" has just started. It is the nature of the market that it is unpredictable and we can only take our best guess at what is actually happening. This is why counting waves is an art. Not a science. Wave counting is dependent upon the eye of the beholder. And must always be re-assessed over and over with every new significant price action. Otherwise, you risk missing out on great trade opportunities or worse yet...getting in on bad ones. So what I'm doing here is alerting to the POSSIBILITY that a "wave 3" has started....just not the "BIG ONE" that I have been waiting for. This is a "small one" relatively speaking but with a chance to yield 180+ pips if taken now. The risk:reward is good as the S/L is pretty close. That would be the point to which my wave count would again be rendered incorrect. Take my recommendation as you see fit. Again, it's just what I'm seeing and what I'm doing. *DISCLAIMER: Please keep in mind that I am not giving any trading signals here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading! If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all comments are welcome.
Short
by EverythingForex
10
ANALYSIS: EURUSD: All Roads Lead To A Wave 3Did that headline get you excited? Who doesn't want to catch a wave 3, right? So my thorough analysis says a wave 3 is the next move. But when and where will it start? Or has it already started? Can you still catch it if it has? If so, where would it be best to catch it? All these questions will be answered....in due time! So let's get started with why I'm thinking wave 3. I did post about his possibility last week (see Related Ideas: "EURUSD: Did Wave C Just Start? Bull Bat TP1+TP2 Hit (+222 pips)". But in doing my weekend re-analysis, I throw everything from last week away and start from scratch and see if I come to the same conclusions. Here's what I got..... SUMMARY OF MAIN CHART ABOVE The chart I posted above is the 4Hr TF chart. The chart is simple. Two patterns. One is a bullish Gartley and the other a bearish butterfly. Both end at/near the lower and upper trend lines respectively. By my wave count, it's possible that we are already in a wave 3 moving up towards filling the bearish butterfly at the top trend line. But it is also possible that the wave 2 has not yet finished and prices will move towards the lower trend line more and fill the bullish Gartley before starting on the wave 3 up after testing the lower trend line. Prices are at a decision point (as of the time of this posting) as to which way to go. It's simple. If it goes down and breaks the B point of the Gartley, then wave 2 is not finished and the Gartley will get filled. Prices then will start on wave 3. If prices either move down and DOES NOT break the B point of the Gartley and then start moving up again OR prices just move up from where it is now, then wave 3 has already started and now is a good time to look for opportunities on small retracements to get in on it. Why the B point is so important? Because if wave 3 has already started, then point B is the end of the wave 2. If prices go lower than that, then wave 2 is not done. OK, so how did I come to the conclusion that there is a wave 3 coming here and that prices are not just poised to shoot down in starting another impulse wave down? OVERVIEW - MONTHLY CHART There is A LOT going on here! Mostly self-explanatory but overall...BEARISH! So if I am overall bearish on this pair, why am I saying there is a wave 3 UP coming? Well, remember this is a MONTHLY chart and everything that is happening now is all within the context of the MONTHLY moves. WEEKLY CHART - ZOOMING IN ON THE CURRENT PRICE ACTION DAILY CHARTS - HERE'S WHERE IT GETS INTERESTING: 3 POSSIBLE SCENARIOS So below are 3 charts on the DAILY TF that show 3 possible scenarios that I think have the most likelihood of happening. Of course I am not saying any of these WILL happen and that there are many other ways that this correction could still unfold and also that there is a possibility that the correction is over and prices are poised to move lower from here as well. But these are just MY thoughts are the most likely scenarios. Choose whichever you think. But in ALL 3 scenarios, the next move is UP in a wave 3. And that is why I am so confident that this is a very good opportunity to catch a wave 3 movement! CONITNUED BELOW IN COMMENTS SECTION DUE TO POSTING LIMITS
Long
by EverythingForex
9