Wavec
Will AKAM retest February lows?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 18, 2022 with a closing price of 116.2.
If this instance is successful, that means the stock should decline to at least 115.23 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 3.488% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 5.983% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 11.105% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.75% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 9 trading bars; half occur within 17 trading bars, and one-quarter require at least 26 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
XAUUSD Elliott Wave Forecast - Wave C UpdateAs previously mentioned, price should now be in Wave iii of C (please refer to linked idea below).
Following the lower degree wave 1 of iii, the lower degree wave 2 of iii is currently being printed. This is commonly a Zigzag resembling a 5-3-5 wave structure.
We saw the initial 5 waves form during the earlier part of this week. The 3 waves of the 5-3-5 now also appear complete with wave (C) reaching the 123.6% of wave A.
The final 5 waves of the 5-3-5 should now follow, either in an impulse or diagonal. The near term price objectives for these final 5 waves are 1816 and 1825. A further extension towards 1836 is possible and also a level where price should see stronger resistance if reached.
Please do leave your thoughts in a comment below.
As always, your support with a 'like' or 'follow' is much appreciated.
Thank you for taking the time.
BeyondEdge
Your Edge Is Your Perception. Go Beyond.
COMPUSDT Trend and Wave AnalysisWave C is larger than wave B and can grow up to specified limits.
It is possible to pump COMPUSDT and it will definitely give more than 100% profit and if the leverage is used, you will get a profit of 2 or more times 200% or 500% with the 5 leverage. Of course, this is a personal opinion.
The November Bulls Forgot Wave CSeptember was a perfect wave A down while October was wave B up. I projected the original top for Friday but we were still shy of 460. Today's open got us there. Wave B quickly retraced 100% of wave A without its internal 5 wave pattern so I set the next stop around 460.58 which was the Fib 123.6% extension. Additional wave analysis of wave C's internal 5 wave structure revealed two potential end points for wave 5. The first top would have been around 458.49 which would have been 100% of internal wave 3, the second is 114.6% of wave 3's movement at 460.71, with the third probable top at 123.6% at 462.08.
Today we saw a top at 460.70, which was 1 cent shy of one projected top and 12 cents higher than the first projection based on the main wave A's movement. ***IF THIS HOLDS*** we likely witnessed a correction wave described as an irregular/expanded flat. These typically have the final wave C move 123.6% to 161.8% of wave A's movement.
This puts the conservative bottom (123.6%) at 419.83 with a potential bottom as deep as 409.25. While this would not quite be a 10% drop, this will certainly catch all the bulls off guard. I think November will be red and maybe into or through December as well. I have typically found the length of wave C to be nearly that of A, but it is likely to fluctuate as it moves on. The current projection has us red into the first week in December but time will tell.
CAUSES:
Fed red? Inaction in Congress? Does Congress pass tax regulations forcing investors to pull out gains this year at a cheaper tax rate before major hikes next tax year?
I ultimately have the markets rebounding after this December bottom. However, the next drop around September-October 2022 will be very deep (not catastrophic yet--maybe the year 2029).
Bitcoin Analyze_Road Map🗺️(Update)!!!Hi, We saw an amazing dump yesterday, I expected this movement from before, and finally, it happened. what will happen for Bitcoin ?
for answering the question, I decided to update the road map that I published on Aug 14 , the topic was '' Bitcoin Analyze (Road Map) !!!🗺️''.
Bitcoin Analyze ( BTCUSDT ) Timeframe 8h ⏰
Location 🌊: Bitcoin's Correction has started at around 64200$ . Bitcoin was able to pass the First Main wave of Correction ( Main wave A ) at 28805$ . Wave A had 5 microwaves, so we have to wait for seeing ZigZag (5-3-5) Correction (I am believing that corrective structure hasn't ended).
We passed Main wave B by that dump + The price broke our important uptrend line (verification).
Now, we are sure about starting Main Wave C (90%). The Main wave C hast to have 5 microwaves that they can run on regular 5 impulsive waves (Scenario 1 ) or even run in ending Diagonal Triangle( Scenario 2 ).
If Scenario 1 happens, we can see 3 0000$ - 28800$ until the end of the year (even less).
if Scenario 2 happens, we will not see very low prices, (probably around 37600$ ).
I tried to show you the end of each microwave, let's see where are end of them? (a little hard to predict for now, but I try my luck 😉)
where is the end of microwave 1 of Main Wave C?
Taregts🎯: 44400$ until 42850$
where is the end of microwave 2 of Main Wave C?
Targets🎯: around 46600$ //around 47800$ // around 48914$ // even around 51540$ ( Low possible )
where is the end of microwave 3 of Main Wave C?
Targets🎯: 37600$ until 30800$
where is the end of microwave 4 of Main Wave C?
Targets🎯: 37800$ until 34200$
where is the end of microwave 5 of Main Wave C?
Targets🎯: 30600$ until 28800$ or even less than these.
Note : Over 53000$ my counting waves will fail and probably we are on new 5 impulsive waves for reaching new ATH.
❗️ Sign ❗️: if you remember that when we were at around 36000$ , Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES , and finally price arrived itself to this amount, yesterday we saw the same happens, and Bitcoin dropped down from 52000$ to 42800$ , probably Bitcoin will arrive at 42850$ again👇https://www.tradingview.com/x/0DMkFLmW/
Thanks for reading this post, I hope that is useful for all.🌹🙏
My Suggestion : if you have coins, you have to think about taking profits especially on the end of microwave 2 of Main wave C / if you don't have coins, Don't be FOMO , probably time will give you another chance 👍😉.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
GBPJPY DAILY
Daily 5 Impulse wave up completed. Currently in a 3 wave corrective move down on the Daily timeframe.
HOURLY
Wave currently trading likely to be a (3-3-3-3-3) hourly move down in the same manner that wave A moved.
NOTE
Wave c termination likely to be 147.830 which is 0.38 retracement zone and 145.214 which is 0.5 retracement zone
Bitcoin Analyze (Ascending Channel+ Counting Waves)!!!Hi Every, what did you do these days ?! did you take profits from the market or just Watching Charts & ideas?
Today I want to Count the waves that we are seeing on our Ascending Channel , and find where is the end of this beautiful Ralley 😊 ?!
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
First, If you want to know about my analysis for Daily Timeframe, Please visit my previous post '' Bitcoin Analyze (Daily)!!! ''.
Location🌊 : My idea, Bitcoin is Still on Corrective structure and it didn't start New 5 Impulsive waves , so the waves that are seeing on Ascending Channel have Corrective Structure (A-B-C).
Wave A : it has started from 29280$ until 42600$ == Structure of Wave A == 5 microwaves == So we could understand, we will have a Zigzag correction (5-3-5) .
Wave B : it has started from 42600$ until 37330$ == Structure of Wave B == 3 microwaves ( Falling Wedge ).
Wave C : it has started from 42600$ until ?? = Structure of Wave C == 5 microwaves.
Where is the End of Wave C ? (Regarding the end Time of wave C , we can find the end of wave C at TRZ )
Scenario 1 : If wave B is a triangle or Wedge , there is a higher chance that wave C may only reach the 61.8% extension target == 45564$ == Around current Price == More Possible
Scenario 2 : Waves A and C of a correction tend towards equality ( same size 100% ) == 50652$
My Suggestion : If price can break our Heave Resistance you can open Long Positions and your take profit will be around 50652$ // If the price is starting to go DOWN from the current price zone, then you can find triggers for opening Short Positions.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅ ' like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Ethereum Counting Waves!!!Hi everyone, we are watching 😕dull😕 days these days, especially for people that hold their Coins.
I have to say, these days, most of the coins are on Corrective Structure , but I am trying to show u at least the Resistances and Supports that exist in front of coins.
Location: ETH finished Main wave 3 at 4370$ (We saw a great rally on this wave), then it started the Main wave 4 . ETH is running on Main wave 4 ( Zig zag 5-3-5 ) for about 41 days, and I think that Main wave 4 will take more time from us .
The microwave A has finished at 1866$ ( impulsive== 5 waves ).
We passed from microwave B by Contracting Triangle . The end of microwave B was at 2847$ .
Now, we have to find the end of microwave C of Main Wave 4. I was able to find microwaves 1 & 2 of microwave C , and I think that we are on microwave 3 of microwave C of MainWave 4 , right now.
Also, I have to say that Microwave C can NOT go down less than 1406$ == Elliott's rules will be violated (Wave 4 and Wave 1 can not have overlap).
The Microwave C can be finish like a leading expanding diagonal . In addition, probably microwave 4 of microwave C will Time correction (because microwave 2 of microwave C did price correction == This is not rule).
I tried to show you our Resistance Zones & Suppor Zones that we have in front of Ethereum .
Resistance zones on Ethereum's way :
Resistance zone 1 : 2650$ until 2608$ ( Resistance + Cluster of Fibs ) == Light Resistance
Resistance zone 2 : 2935$ until 2822$ ( Monthly Pivot Point + Cluster of Fibs + Resistance +Contracting Triangle's Target ) == Heavy Resistance
Support zones on Ethereum's way :
Support zone 1 : 2260$ until 2237$ ( Support + Cluster of Fibs ) == Light Support
Support zone 2 : 2081$ until 2074$ ( Support + Yearly Resistance 4 ) == Medium Support
Support zone 3 : 1900$ until 1865$ ( Support + Cluster of Fibs ) == Medium Support
Support zone 4 : 1640$ until 1590$ ( Support + Cluster of Fibs + Yearly Resistance 3 ) == Heavy Support
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Good luck
Blackberry BB has a ways to go finishing Wave CNYSE:BB
Blackberry will continue it's down trend for the remainder of the week. Expect sentiment to be bullish before Earnings with a swift reversal because even if it's good news, it's bad. (Right, shorties?)
We are in WaveC of a correction formed from a 5-wave impulse. Wave3 formed on Friday (06/18). Expect Tuesday to continue/end Wave3. Wave4 forms end of Wednesday or early Thursday for crash after announcement.
$10.50 by close Friday
Still bullish overall, just not this week.
🔥 Bitcoin is on Contracting Triangle 🔥 (Road map)🧐First, I have to say sorry for the busy chart (BTCUSDT) , but my chart needed these lines . Please spend a few minutes on it.🙏
Location : BTC is on Corrective Structure ( Zig zag 5-3-5 ) for about 51 days (From 64795$ until LIVE price) and I think that this correction will take more time from us (maybe 2 months , just prediction ).
My idea : still, BTC is on microwave 4 of Main wave C . as you know, one of the shapes of wave 4 is a triangle . I was able to find the 3 main points of the triangle A-B-C ( Contracting Triangle ). Point C has found with Bearish Gartley Harmonic Pattern + 78.6% Fibonacci (Point A ) until ( Point B ).
For finding Point D , we have to concentrate on correcting microwaves (a-b-c) that are on the way to point D, I was able to find Bullish Crab Harmonic Pattern on the end of microwave a. microwave b can be around 37040$ or 37960$ .
I think that Point D can be around 35698$ == 61.8% Fibonacci ( Point B ) until ( Point C ).
I have three Scenario :
Scenario 1 : when the price arrives to Point D , it can break the lower line of our triangle , and then the price starts to go down, so the end of microwave 4 of Main wave C was at Point C + microwave 5 of Main wave C has started.
Scenario 2 : when the price arrives to Point D , then the price goes up until Point E . Point E can be a Critical Point for us (It is the end of microwave 4 of Main wave C ), better, I had to say that market will decide to go UP or DOWN ( UP will make my Scenario 3 // DOWN will make my Scenario 2 ). If the price goes DOWN at Point E , we can say that microwave 5 of Main wave C has started.
Scenario 3 : when the price arrives to Point D , then the price goes up until Point E . Point E can be a Critical Point for us(It is the end of microwave 4 of Main wave C ), better, I had to say that market will decide to go UP or DOWN ( UP will make my Scenario 3 // DOWN will make my Scenario 2 ). If the price goes UP at Point E , we can say that BTC will go UP by 5 new impulsive waves .
My Suggestion : please do not buy Coins for Midterm and Long-term investment until the market finds a way.
Do not forget to put Stop loss for your positions (For every position 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 the 'like' button :) & Share it with your friends, Thanks, and Trade safe.
Good luck
USDCHF H1 - Ending diagonalIn h1 timeframe, it seems wave C after an ending diagonal 5 waves finished.
but I have to wait for final signs.
I think break out the price of last top that shown on chart with green line is a good sign to shown that wave C is finished.
and it can be a good trigger for a long position.
the red line can be a good stop loss if my analysis will not be correct.
Elliott Wave: a potential Wave 3 or Wave C in TeslaThe price of Tesla ( NASDAQ:TSLA ) had been going down in a 5 waves manner, which was followed by a double zigzag correction,
implying the next possible move will be another 5 waves decline
The only 2 possible patterns which can be formed in 5-3-5 are either an impulse (5-3-5-3-5) or a zigzag (5-3-5)
Therefore we can set two targets for this trade (or just separate as 2 trades)
For the first one, assuming we enter a short at $713, the stop loss will be $780.72 (above the end of wave b), the take profit will be $467.96 (assuming wave c = wave a), which give us a 1:3.6 risk/reward ratio
For the second one, the take profit will be $341.07 (assuming wave c = 1.618 x wave a), which give us a 1:5.4 risk/reward ratio
P.S. my analysis was done in log scale