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Wave4

A little Elliot Wave Fun - are you ready for what's next?If you are like me, thinking the US markets will act as a safe haven for global capital, then you should clearly see the upside potential if these recent lows hold. If not, then you are seeing the downside risks as more likely - and will want to understand the price structure in place that may prompt some consolidation. IMO, we are amid a Wave 4 correction. Any Wave 4 correction MAY turn into a new price wave structure (ending an ABC wave and starting a new price wave). So, the reality of the current global market trend is... If my analysis is correct, we must rally to new all-time highs. For this to happen, a broad shift in investor sentiment needs to take place. If my analysis is incorrect (related to this being a bottom for the US markets, then we would be anticipating a broad global crisis event related to debts/inflation and other emergencies. I think the US Fed will move to a more moderate rate adjustment schedule while the global central banks deal with credit/debt issues. It does no good to crash the markets to stop inflation. Just like in the 70s & 80s, inflation will weaken as rates stay elevated. It is just a matter of TIME and POLICY. Capital WILL seek out the best investment vehicle in the future. I believe that will be the USD and US ASSETS. What are your thoughts?
FX:SPX500Long
by BradMatheny
6
Intermediate ABC Extension in Minor 3 Complex Correction in 4Bitcoin has been in a corrective pattern from the low of 17,500 on June 18th and is beginning to exhibit signs that it could either be a reverse expanding triangle or a WXYXZ pattern. Case for the triangle: Each side subdivides into a zig-zag C is 123.6 of A A and C made higher highs while B and soon D will be making higher lows 1H 30mn 15mn Case for WXYXZ: X is between 61.8% and 76.4% of W Y is less than 123.6% of W X is on target to be around 61.8% of W Alternate WXYXZ Finally, as a bullish alternative this could also be a leading diagonal in a wave 1 since the rules for leading diagonals are that each wave 1-5 subdivides as a zig-zag although this feels less likely due to the way the pattern starts contracted and then expands as the correction continues.
COINBASE:BTCUSD
by HelioHelix
BTCUSD Elliott Wave Forecast - Wave 4 Bullish Hidden Divergence*Re-post* Previous idea got removed. A guideline for all variations of a flat correction is that Wave C is required to have momentum divergence (please see linked ideas below). In this instance, the chart above depicts a Bullish Hidden Divergence on the weekly TF. A Bullish Hidden Divergence occurs when price action prints a higher low whilst the momentum indicator shows a lower low. This can usually be spotted towards the end of a correction indicating that price may soon rally. I hope you found this useful, do leave your thoughts in a comment below. As always, a 'like' and 'follow' is much appreciated and provides encouragement to share further ideas. Thank you for taking the time. BeyondEdge Your Edge Is Your Perception. Go Beyond.
BITSTAMP:BTCUSDLong
by BeyondEdge
5
BTCUSD Elliott Wave Forecast - Wave 4 Correction (alternate)The chart depicts my alternate count for the current Wave 4 correction. I believe we are in the final impulse sub wave C which is close to completion. For those of you who are unfamiliar with this; a flat correction, be it Regular, Expanded or Running all consist of a 3-3-5 wave structure (ABC). As BTC had printed a more complex correction for Wave 2, alternation guidelines concerning Waves 2 and 4 would allude to a simple correction for this ongoing Wave 4. The simple correction here is in the form of a Running Flat. Please see linked idea below for the Expanded Flat scenario. I am currently leaning towards this alternate count. The Expanded Flat scenario will only take precedence should price drop below 28.6k. If this level is breached, we can expect further depreciation towards the 24k-25k level. I hope you found this useful, do leave your thoughts in a comment below. As always, a 'like' and 'follow' is much appreciated and provides encouragement to share further ideas. Thank you for taking the time. BeyondEdge Your Edge Is Your Perception. Go Beyond.
BITSTAMP:BTCUSD
by BeyondEdge
1
Facebook Wave 4 On The WayI believe Facebook has enter wave 4 corrective move of a large wave 3. I've illustrated where I believe wave 4 will bottom before the accession of the final wave 5 before a VERY SEVER LARGE correction. As you can see, there's is also a potential bullish Gartley harmonic pointing to a potential bottom and happens to be right at the completion of wave 4 before the next leg up. This is my own opinion and I'm only showing what I may do. I'm not a financial advisor. I hope this helps some of you. Good luck!
NASDAQ:METALong
by FreedomBuilder
1
BTCUSD Elliott Wave Forecast - Wave 4 CorrectionThe chart depicts my long term primary count for BTC. To put briefly, it indicates a final impulse before the completion of this wave cycle once this ongoing correction has concluded. Alternation guidelines concerning Waves 2 and 4 would allude to a simple correction for this ongoing Wave 4, as BTC had printed a more complex correction for Wave 2; namely a Triple Three. The simple correction here is in the form of an Expanded (Irregular) Flat. An additional point to note here being that within an impulse, Wave 4 frequently patterns a flat whilst Wave 2 rarely does. A flat correction, be it Regular, Expanded or Running all consist of a 3-3-5 wave structure (ABC). The ongoing ABC correction is readily apparent and close to completion. I will provide a more detailed breakdown of the current Wave C shortly. Will also share my alternate count at some point, follow to stay updated and to be notified of the post. I hope you found this useful, do leave your thoughts in a comment below. As always, a 'like' and 'follow' is much appreciated and provides encouragement to share further ideas. Thank you for taking the time. BeyondEdge Your Edge Is Your Perception. Go Beyond.
BITSTAMP:BTCUSD
by BeyondEdge
15