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Wave5

TQQQ Wave 5 Up (3 Cycles) - Not US10Y CorrelatedOn the long timeline TQQQ is in a wave 5 up, and could have another 2 months upward. We're roughly 49 days into a 120 day period. Wave lengths aren't constant but do seem to run 3-4 months up, then 2-3 months correcting, before ultimately heading upward again. With a 50.8% Average Return Rate over the past 10 years even with the pandemic mess. I'm long TQQQ. I was long for 5+ years prior to the Sept 4, 2020 drop, went to cash, and now regret it. Pundits on the news keep trying to blame pullbacks in tech on interest rates. Comparing them shows it to be untrue. There are times TQQQ goes up or down in synch with US10Y and times they don't. * NOT FINANCIAL ADVICE * NOT A FINANCIAL ADVISOR *
NASDAQ:TQQQLong
by N0tSwift
2
Chance of a Wave 5 on Swissy? - Breakout Long? I have marked the chart with potential Elliott wave on the 4 hour chart. We see a strong wave 3 up followed by what can be seen as a bullish flag on the D1 chart and some sort of a bear wedge on the 4 hour chart From what I Call THE SETUP ONE concept it is a wave 4 within tight boxes. I see a 4 hour bullish candle. I am long above this Long Entry: 0.9175 Stop Loss: 0.9135 Target 1: (Peak of Wave 3) @ 0.9233 Target 2 : This is the Target Zone 1 are 0.9295 Good luck!
Long
by iTradeAIMS
2
Are You Buying Here or Selling More? 2 Scenarios on BitcoinFurther to my ongoing analysis and trading signals on the BTCUSD #BitCoin saga, It would appear that we are currently in situation which can be interpreted in two ways We are either at the low of the trading range. We see a bullish reversal candle with a good tail sticking out of the trading range lows. Suggesting the bulls are probably taking over. I can guess that the pumpers will be showing millions of worth of purchases on their tick tocks and youtube shorts etc etc. On the other hand, we have a decent pullback (reverse) (in other words pullup) setting up. The Target for wave 5 down is still in tact. The question is do you want to sell more shorts or join the "stay positive" buy the dip crowd? Which one are you? I'm long and short!
OANDA:BTCUSDShort
by iTradeAIMS
6
Are you prepared for the END OF WAVE 5 in US Equities?If you have not been paying attention, get ready for some real volatility and big rotations/reversions in the markets. It is time to put on your BIG BOY/GIRL pants because the markets just exited a simple upside trend bias and entered CHAOS with a new downtrend setting up. If you don't know what to do, then you better start paying attention. This downtrend may last until 2025 or so and could extend a deep correction in the SPX500 to levels near $2200. Don't play a fool with this new trend. I'm warning you right now - this one could be very violent and wicked.
FX:SPX500Short
by BradMatheny
7
Bitcoin Potential Wave VHi everyone, Thank you again for considering reading my idea. Just a disclaimer that I'm not an expert on Elliot Wave Theory but here's what I have in mind. Let's see the first 4 waves: Wave I - Initial impulse from March 2020 to May 2020 (161%) Wave II - Sideways movement from May 2020 to September 2020 Wave III - Huge impulse from September 2020 to April 2021 (535%) Wave IV - Huge diagonal correction from April 2021 to May 2021 (-53%) For more zoomed in chart of Wave ABC for Wave IV, please see the updates below. In my opinion, we have completed the Wave C of Wave IV and we're currently starting Wave 1 of the last and final wave of Wave V for this bull market. On Elliot Wave Theory, it is a rule that the Wave III is always the biggest impulse compared to Wave I and Wave V. Since Wave III had a huge increase of 535%, we can say that Wave V is LESS than 535%. As for this rule, I am not sure if it's always the case or if it's mostly the case but let's assume that Wave III is bigger than Wave V. Let's say that from the bottom of Wave IV (30k), we add 535% which gives us 191k. We can say that the top of this bull market would not exceed to 191k. If we draw a Fib Retracement from the peak of Wave III (64k) and the bottom of Wave IV (30k), we get these levels: - Level 4.236 at 174k - Level 3.618 at 153k - Level 2.618 at 119k - Level 1.618 at 85k I think these are the levels that we need to pay attention to in the next few months. We know that a potential top is when we get these euphoria feeling where Bitcoin is pumping hard very fast. Whenever that happens and wherever level that is, we can use the levels above to determine the potential peak. Thanks for reading. This is not a financial advice.
BITSTAMP:BTCUSDLong
by Juvssss
2
Filecoin Analyze!!!I hope that you could take profit from this market that you are seeing now :) . I want to publish an idea bout Filecoin today. Location: Probably we are on the start way of the Main wave 5 , We have to try to find the End of Main wave 5. The End of it can be around our clusters that you are seeing on FILUSDT Chart , even I tried to find TRZ (Time Reversal Zone) zone on our chart. Cluster 1 : 191$ - 194$ (AB=CD Bearish harmonic pattern) Cluster 2: 208$ - 213$ (Fibonacci's Cluster) Cluster 3 : 225$ - 228$ (Bearish Shark Pattern & Resistance's cluster) Cluster 4 : 232$ - 235$ (Bearish Shark Pattern & Resistance's cluster) Please Pay attention to pitchfork Lines & Fibonacci channel ) My Suggestion: you can Find the best Triggers for open Long positions. You can find information about Swipe on coinmarketcap.com Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas on this post. Please do not forget 'like' button :) & Share it with your friends, Thanks and Trade safe. Good luck
Long
by pejman_zwin