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Wave3

GBPUSD WEEKLY ANALYSIS SELL OPPORTUNITY Complement of the season to you all. I guess this will be my last analysis for this year, i believe this year was a wonderful year to many traders, if this year was not good for you i want you to put a smile on your face because i gate something nice for you on GBPUSD going to next year. The chart 📉 before you is GBPUSD WEEKLY chart you will clearly see that wave 1 and 2 is formed already waiting for the wave 2 complete then start the wave 3. The wave 3 is the longest and the sweet wave to make easy money 🤑🤑 so I want you to put this pair on your watch list and let make money together next year. Happy new in Advance 🎄🎇🎇🎇🤗
Short
by FAVA-FX
2
Down For Two More Days and then...Today’s break below 4238 all but sealed the deal on Minor wave 4 going up higher. Most likely path now is the index is well into Minor wave 5 en route to the bottom below 4130 in the coming days. Some signs that Intermediate wave 3 does not have much more to decline is the multiple wave 3 signals visible on the Daily chart. A gap between wave 3 signals indicates the end of a wave 3 of 3 and the beginning of the end of the wave 3 itself. The first signal clearly occurred where Minor wave 3 was believed to have ended. A return of the signal based on today’s trading means we may get a few more days of signaling before the bottom is established. But this firmly hints that Minor 4 is no more. The data for forecasting Intermediate wave 3 remains valid from yesterday as nothing has changed to impact those values. The slope to move up to yesterday’s forecasted Minor 4 endpoint to the Intermediate wave 3 endpoint looks much more realistic today after confirmation Minor wave 4 ended many hours ago. METHODOLOGY: I operate a modified wave theory composed of Dow Theory and Elliott Wave Theory. All data is determined from comparing current wave locations with historical wave relationships. The listed percentages are based on previous movement extensions and retracement quartiles of the data. There is too much data to list all points but overlap of the quartiles based on specific relationships tends to point to more likely targets. The light pink levels are based on most specific data, light blue is slightly broader, and yellow levels are the broader set of data used. A red level typically indicates maximum historical move for the current wave throughout the historical data. MINOR 5: Minor wave 1 was 21 hours, wave 2 was 40 hours, wave 3 was 62 hours, and wave 4 was a measly 10 hours. There are zero requirements left in play for Minor wave 5’s length meaning it can end tomorrow or a week from now (less likely, just getting the point across). Minor wave 5 is currently 20 hours old. The models point to a duration for Minor wave 5 to be less than 59 hours which would be the morning of October 11th. Some models indicate 45-50 hours for duration, with a renewed uptick around 52-54 hours long. Another pocket of strength is at 35 hours which is just over 2 trading days away. Models are indicating a bottom between 4115-4150 for Minor wave 5, with a bottom as early as 4200. The overlap in the Minor wave 5 bottom and Intermediate wave 3 bottom is a small area between 4115-4140 between the end of trading on Friday and midday next Monday. While both the yellow and magenta boxes could contain (or neither) the bottom, this small white overlap box will be the focus. ECONOMIC CALENDAR: If the bottom is Friday or Monday, Friday is very busy from a news standpoint, while Monday appears calm. If the bottom is Friday, it may go down initially as the early morning numbers are digested but then beginning to slowly move up later or Monday begins to drift upward on no news and a holiday for some folks.
SP:SPXShort
by StockSignaler
Early Gains Friday Followed By More RedNOTE: All times eastern. Current position is SubMillennial 1, Grand Supercycle 5, Supercycle 2, Cycle C, Primary 1, Intermediate 3, and likely Minor wave 2. As we likely settle into Intermediate wave 3, it is time to find the potential end of Minor wave 1. To recap: Intermediate wave 3 (magenta/purple numbers) is comprised of 5 Minor waves. Each Minor wave (yellow numbers) is comprised of at least 3 Minute waves (green numbers), while the impulsive waves 1, 3, and 5 are made up of 5 waves. I have taken the current wave breakout and identified Minute waves 1 and 2 while maintaining a decent idea of where Minute wave 3 ended which was during the 1230-1330 trading hour on September 6. Based on the completed data from the likely Minute waves 1 and 2, I begin to forecast what Minute wave 3 can do. Based on the most specific historical dataset for Minute wave 3s in Minor wave 1s in Intermediate wave 3s, the minimum movement extension is 121.69%, with quartiles (pink levels) of 161.2%, 200.07%, and 300.76%. Strongest model agreement for duration of Minute wave 3 is a tie of 3 or 14 hours long, with secondary agreement at 4, 12, 19, or 20 hours. The next dataset is slightly broader and applies to waves ending in 1313. The minimum historical movement extension is 107.15%, with quartiles (light blue levels) at 129.54%, 178.48%, and 265.83%. The duration models have strongest agreement at 2 hours long, secondary is 4 hours, third is 5, fourth is 11, 14, 16, or 20. The broadest dataset is based on waves ending in 313 with extension quartiles (yellow levels) of 145.98%, 180.89%, 260%. Strongest model agreement is generally less than four hours long, while fourth strongest agreement is 12 hours, and fifth is 8 hours. My current placement of Minute wave 3’s endpoint was during hour 11 at 4442.38 and it is based on the wave 3 of 3 signal obtained during the 15 minute trading window at 1100 on September 6 as seen below. This is likely Minuette wave (white numbers) 3 inside of Minute wave 3 Marking this the end of Minute wave 3 would place the end of Minute wave 4 in the final hour of trading from September 6. The next question is what should Minute wave 5 look like? Based on the most specific historical dataset for Minute wave 5s in Minor wave 1s in Intermediate wave 3s, the minimum movement extension is 100.27%, with quartiles (pink levels) of 110.26%, 132.685%, and 149.24%. Strongest model agreement on duration is at 9 hours, with secondaries at 2, 3, 6, 10, and 15, third at 18 hours. Fourth most agreement is at 1, 4-5, 7, and 11 hours. The next dataset is slightly broader and applies to waves ending in 1315. The minimum historical movement extension has not changed while quartiles (light blue levels) are 107.03%, 121.73, and 141.35%. The duration models have strongest agreement at 4 hours, second at 2 hours, third at 9, fourth at 1, 11, & 12, with fifth at 3 & 5 hours. There is a chance the opening drop in the first hour of trading on September 7 ended Minute wave 5 and Minor wave 1 based on the upward drift of trading during the rest of the day. If Minute wave 5 has not ended, it would be 7 hours long with more downside expected. I will conduct one final analysis due to most duration targets not fitting this narrative indicating the market is likely in Minor wave 2 upward. What will Minor wave 2 look like? Based on the most specific models Minor wave 2 could have a minimum movement retracement of 17.45% with quartiles of 31.03%, 48.98%, 60.38%. Duration models have strongest agreement at 2, 4, 6, and 12 hours long, with secondaries of 3 or 10 hours. The next slightly broader dataset places the quartile retracements at 11.80%, 38.26%, and 55.24%. The duration models agree the most at 21 hours, with secondaries at 7, 8, 10, 12, and 15 hours. Since 21 hours was the length of wave 1, it is not likely in this instance. The final dataset places quartiles at 27.66%, 43.675%, and 61.32%. Duration models agree the most at 21 hours, secondary at 10 hours, third at 3 or 5 hours, fourth at 4, 7, or 8, with fifth at 14 hours. It is possible Minor wave 2 also ended in the final hour of trading on September 7, but confirmation will not occur until noon on September 8. It is possible the market opens high early on Friday but returns to decline by the afternoon. I should put out the Minor wave 3 analysis this weekend. Looking ahead August CPI and the Fed could be interesting catalysts for the rest of Intermediate wave 3 down. Minor wave 3 could last until Monday of Fed week followed by Minor wave 4 drifting upward until the Fed speaks on that Wednesday. Minor wave 4 could top before that day ends and then the declines should continue for the following week and a half of September. A government shutdown could occur on September 30, and markets have typically been bullish during shutdowns so this should help spur the short-term October recovery.
SP:SPXShort
by StockSignaler
2
Elliott Wave C/3 Entry Model ExampleIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Elliottwave and Elliotwave 3/C Entry Model. This is the minimum you should consider doing when laying out,"on paper", your favorite/profitable trade setups. Especially if it is new to you. More can be added as you see fit. I left most of my other confluences off TBH.
Education
by CryptoKnee
Post-Fed Update: Ignore Fed RedWe likely just finished Minor wave 2 with the low today or if another low is reached shortly after the open. The prior low at 4049 is the level to watch. A drop below this would likely place us on my prior analysis PATH TWO and continue Intermediate wave 2. Intermediate wave 3 still remains the likely location and the drop today would have been the Minute wave C we needed to finish Minor wave 2. As of now, strongest model agreement has Minor wave 3 lasting 6 days with next strongest models at 4 days. For waves ending in C33, first quartile move extension would be 150.48% of Minor wave 1, with the median move at 202% and third quartile at 396.60%. There is a horizontal trendline just above 202% so the end of wave three will likely remain below 4330. The drop today presents plenty of ground to be gained starting tomorrow. The overall end of Intermediate wave 3 could occur sometime before the final week in May. Right now the final market top appears on track for mid-June so a debt ceiling issue by June 1 may not be likely....yet. I should provide another update around the middle of next week if not one over the weekend.
SP:SPXLong
by StockSignaler
Ripple (XRP) Analysis: Understanding the Potential MovesRipple (XRP) has acquired significant attention from traders and investors recently, and it currently sits at a crucial point in its price action. I will analyze Ripple's recent performance and potential future scenarios from an Elliott Wave perspective. Additionally, I will discuss some of the factors that may influence Ripple's price, as well as its relationship with Bitcoin Dominance. Recent Price Action and Elliott Wave Analysis Ripple has experienced a strong move up to the resistance level of 56 cents, reminiscent of the spike in September 2022. This time, however, Ripple has managed to push slightly higher, reaching a current high of 58 cents. From an Elliott Wave perspective, it appears that we have completed a wave 3 at this high. Extended Wave 3 and Potential Short-term Targets There is a degree of likelihood that Ripple will surpass its current high of 58 cents in the near future if the market decides that breaking the 56-cent resistance (the September 2022 high) is worth pursuing further. This would indicate that we are in an extended wave 3 move, with short-term targets at 70 cents. Wave 4 Cool Down and Retracement If Ripple reaches the 70-cent mark, we can expect a cool-down period of at least a few weeks as the market enters wave 4. During this period, Ripple is likely to retrace back to around 60 cents before resuming its upward trajectory. Bitcoin Dominance and Optimistic Scenario The associated chart displayed in this analysis presents the most optimistic scenario for Ripple's price, assuming that Bitcoin Dominance behaves as expected when it reaches 50%. In this case, Ripple could experience significant growth throughout 2023. Upper Limit for XRP in 2023 However, it's essential to exercise caution when holding XRP at higher price levels. If Ripple reaches 85 cents or higher, it may be wise to reevaluate your positions, as the top for 2023 could potentially be between 85 and 88 cents. Keep in mind that this is the most optimistic scenario, and it's crucial not to become overly attached to a specific price target.
Long
by bitdoctor
Next Short-Term Tops En Route To 4400With the likely conclusion of Minor waves (yellow numbers) 1 and 2, I am providing a short-term update. I have taken the final values from both of these waves to forecast the end of Minor wave 3. I originally had the entirety of Intermediate wave (pink numbers) 1 ending by April 6 around 4112, but that will now likely occur a little later. The centermost wave extension numbers relate to the likely end of Minor wave 3 and are based on historical movements considering the wave data from the completion of Minor waves 1 and 2. Minor wave 1 was seven days long, while wave 2 was two days long. Based on historical applications, wave 3 will likely last 6-8 days with a top between 4112 and 4135. Minor wave 4 would likely be a short drop and potentially only last 1-2 days. Intermediate wave 1 is now most likely around April 12 possibly near 4165. Intermediate wave 2-5 are still early projections and they will be updated in time. I have slid the end of Cycle wave (orange letter ‘b’) B back one more day for the moment with the final market top around June 20, 2023. It would still most likely occur at the top of the trend line as it is placed on this chart. The wave extension numbers to the far right relate to the likely end of Cycle wave B, Primary wave C, Intermediate wave 5 since they are all the same event. These levels and timeframes are based on the historical application of Cycle wave A and Primary waves A & B inside of the current Cycle wave B. Next week’s rise is likely attributed to a slow news week where ‘no news is good news.’
SP:SPXLong
by StockSignaler
1
Meta Undergoes MetamorphosisFor the 9 year span between 2012 and 2021, Facebook grew at an average of 200% per year. Now being almost rested from a 1800% wave that stretched its value from $19 to $359 per share, Zuckerburg and Co. are ready to make way towards their encore siting near the price tag of $2579. A stock split could alter this price target but if an investor were to buy the big dip near $60, I'd expect the 4000% increase in value to remain a high probability outcome for Wave 3. While Jim Kramer is shedding tears because he was blindsided, we at least knew that META was nearing its peak level and a finish of Wave 5. While I'm not sure of his nor others approach to technical analysis, Elliott Wave gave clear signal that it was not the season for buying META. The morals of the story are simple, buy the dip, don't follow Kramer's advice and SURF!
NASDAQ:METALong
by DigitalSurfTrading
1