Wavecount
Nifty Wave Count Update and Price ProjectionHello friends,
After C truncation - impulse started and yesterday we got 1 more confirmation of channel breaking.
Here I am posting approximate target of all impulse waves - it is not definite it is approximate
spot nifty
entry
18049
stop loss
17870
exit value
180404.85
Wave 1 = 10 hourly candles
from 17761 to 18049
Wave 2 = 6.2 candles
17870
wave 3 = 16 candles
18627.88
wave 4 = 6 candles
18116.85
wave 5 = 10 candles
18404.85
This is an estimate - subject to change
Acending bottom formation scenario ''IF'' the BTC bottom is inHi @everyone,
Like mentioned in previous published ideas we showed you to always be prepared for multiple scenario's
In our previous trade plan we showed an possible 'SHORT' swing trade setup for BTC with targets below previous low.
In this chart we show (incase of an invalidation on the short swing setup) how we could approuch the market ''IF'' BTC already bottemed out. And will see an Acending bottom formation showing up like in this example.
This is aswell an possible trade plan based on a potential scenario where we still have 0 conformation on that it will play out,
But.... ''IF'' this scenario could play out, we are well prepared for it.
A scenario is a guide with rules for conformations, and invalidations. No mather wich scenario will play out ( becease there to are many of them ) aslong you are prepared on the most of them you are able to make better and saver decisions in your trading.
Just Always have a plan and trade based on a position out of strenght, but also having a plan B,C,D etc.. just think like an piece of code --> if this...--> then that--> if this not--> then this..
Enjoy this possible scenario thread,
Quantistic
US10Y, It most likely goes higherIs the correction over for US10Y ?
Elliott wave count suggests that US10Y will go higher and uptrend resumption may has been started.
US10Y as shown on the chart is in typical Retracement zone for wave 4s. Wave 4s usually retrace not more than 50 % ( some experts accept a shadow down to 0.618 level) of wave 3. In addition our wave iv is in territory of circled wave 4 which fulfills one of important Elliott waves guidelines which says : :larger degree wave 4s usually end in territory of smaller degree wave 4s.
upside targets are also shown on the chart which were obtained by typical Fibonacci levels for wave 5.
please note there is one more impulsive section on the wave pattern on higher degree waves. I did not include those wave labels to keep the chart simple and clean.
Good luck everybody.
DXY correction has started
DXY still pumping along with weakening momentum.
Is now breaking out diagonal support as a sign of correction.
We will see some short-term relief bounce on other asset, stock, crypto, gold IMO.
Take a closer look at 107.9 - 106 area, DXY could start pump again when touching this area.
Note : Fed % rate catalyst is still strong that could make this plan invalid.
Bitcoin - 15 Min Update - Analysis$BTC 👀 – 08/03/2022| Bitcoin Price Action Update 🎯 - 📸 🚨
📌 What’s good #PublicCommunity? Que es la qué hay corrillo?
📌 Recent, #priceaction has confirmed that we are definitely in the midst of #impulse #wave iii (in blue).
📌 What this means, is that in order to seek #entries, you have to scale down to the smaller #timeframes and get in on the completion of the waves 2 and 4.
📌 It also looks like wave (i) in red, of wave iii (in blue), will be an extended impulse wave, as there are multiple nested (sets of smaller 5 waves) within it. This is depicted by the waves in green, purple, and orange.
✅ If you thought this was helpful or insightful: Follow, Like, or Share ✌🏾 #PublicCommunity
📈 View My Chart:
⚠️ This is not investment or financial advice; Anytime you enter the #markets, you fully accept the #implications at your own risk❗️
#longterm #learning #makingmoneymoves #invest #strength #buildandgrow #breakingnews #crypto #cryptowinter #ElliottWave #FedReserve #investmentidea #investmentopportunity
📌EURUSD: Long Term Waves●● Preferred count
● Euro / U.S. Dollar (IDC),🕐 TF: 1M
Fig.1
The formation of sub-wave c within the triangle (x) continues. The invalidation level of the wave counting is the top of sub-wave a, level 0.82320 . Breakdown of this mark will open the prospect for the transformation of the supercycle wave (x) into an expanded flat .
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● Euro / U.S. Dollar (FXCM),🕐 TF: 1W
Fig.2
The 2017 low was passed, which served to revise the counting of the structure of wave c . The idea of counting the wave c a double zigzag Ⓦ-Ⓧ-Ⓨ is still valid, but in a different configuration: the 2008-2017 structure is recognized as a single zigzag Ⓦ, a series of zigzags from 2017 to the present as part of an emerging triangle Ⓧ .
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● Euro / U.S. Dollar (FXCM),🕐 TF: 1D
Fig.3
It is expected that in the near future wave Y as part of (B) of Ⓧ will be completed, then growth within the zigzag (C) with targets in the range of 1.10-1.14 will follow.
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● Euro / U.S. Dollar (FXCM),🕐 TF: 6h
Fig.4
Sideways correction is expected to develop within wave (iv) .
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●● Alternative count
● Euro / U.S. Dollar (FXCM),🕐 TF: 1W
Fig.5
In the context of an alternative count, I propose to return to the counting of the structure formed in the period 2008-2014 in the form of a contracting triangle , taking it as wave Ⓑ as part of the zigzag c of (x) . The subsequent series of zigzags is proposed to be interpreted as waves (1) , (2) , (3) as part of the ending diagonal Ⓒ being formed.
The wave counting within a weekly interval is aligned with the main scenario - it is conducive to an early resumption of growth.
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Disclaimer:
— The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
🪙Gold: triangle in wave X●● Preferred count
● XAUUSD (OANDA) , 🕐TF: 1D
Fig.1
The wave count on the quarterly and monthly timeframes has not changed. You can refer to the previous review for clarification in determining the current market position. Here .
Wave X of (3) within the diagonal Ⓒ of I will probably take the form of a contracting triangle . In the triangle, growth is expected in the form of a single zigzag ⓓ .
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● XAUUSD (OANDA) , 🕐TF: 6h
Fig.2
Wave ⓒ of X is at the final stage of development of zigzag (a)-(b)-(c) .
The critical level of the preferred wave count is the top of the intermediate wave (2) , "invalid." level . The breakdown of this level will exclude the counting of wave X in the form of a triangle, and an alternative count will come into effect.
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● XAUUSD (OANDA) , 🕐TF: 20min.
Fig.3
It is expected that the wave v of (c) of ⓒ will take the form of a ending diagonal .
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●● Alternative count
● XAUUSD (OANDA) ,🕐TF: 1D
Fig.4
The alternative count advocates a deeper correction within wave (2) . The down wave, which originates from the August high of 2020 , can be represented by wave A as an initial expanding diagonal, followed by wave B as a double zigzag ⓦ-ⓧ-ⓨ . If this assumption turns out to be correct, then we expect a further decrease in impulse C with a target in the blue channel.
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● XAUUSD (OANDA) ,🕐TF: 6h
Fig.5
Before opening a short position, it is necessary to wait for the completion of the upward correction in (ii) of ((iii)) . Perspective trading setap — on breakdown of top b of (ii) , in case the wave (ii) will take the form of a single zigzag or flat.
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Disclaimer:
— The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
ETH target levels for this heavy sell-offhi friends.
so finally we lose 1700 and 1300 supports :(
bad news for ETH.and bad fundamental news for it too
where MERGE upgrade overdued.
no problem we see an ending wave C and we are compliting it.
but remember these levels are good for buy but we should pay attention to
macroeconomic news and happens.
if inflation in USA and EUROPE dont go down wave C will be extend by time...
but we consider inflation record a high and start to go down.
after that we have a strong support that is overlaping 4 fibo levels for W(e) from wave C
this overlap area including:
1)38.2% retracement from past impulsive W(1).
2)200% retracement of W(B) between W(A) and W(C) that show in (a b c in circle)
3)261.8% retracement of W(b) from W(C) or W( a b c d e)
4)161.8% trend based fibo from W(a) projection from end of W(b) that shows W(e) levels.
this support level is in price around 980 $ and if we lose it too we can go lower to around
620$ support.we have fibo overlap levels here.
these levels are 361.8% & 200% and 50% from past impulsive wave.
best strategy to buy in these levels and conditions is to buy 3 step or 4 step
if we see signs of end correction we can buy a step.
i think these levels are so amazing levels to buy step by step.
be careful of your capital
(NOTE!!!
this post is not trade or invest advise.
its just my own opinion.
please invest in your own strategy and dont forget to set stop loss.)
thank you for support.
🎢Euro Stoxx 50: Eurozone economy will continue to grow●● Preferred count
● SX5E ( TVC ) , 🕐TF: 1W
Fig.1
The Euro Stoxx 50 Index is the main index in the Eurozone. The components of the index are companies that are leaders in their industries - 50 companies from 12 eurozone countries: Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Luxembourg, the Netherlands, Portugal, Finland and France.
The main scenario is the continuation of long-term growth within the framework of the cycle wave V .
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● EU50EUR (OANDA) , 🕐TF: 1D
Fig.2
The ascending impulse (1) and the beginning of the subsequent correction (2) of ③ were successfully predicted. At the moment, the threewave corrective phase can be interpreted as a completed A-B-C single zigzag . Growth is expected to resume as part of the third wave.
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● EU50EUR (OANDA) , 🕐TF: 8h
Fig.3
As a local alternative scenario, black marking is proposed, in the context of which wave (2) will become more complicated to a double zigzag W-X-Y . This counting option will become more relevant if the sideways correction stretches in time and takes the shape of a triangle X .
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●● Alternative count
● FESX1!(EUREX) , 🕐TF: 1W
Fig.4
The probability of realization of the given scenario will multiply increase in case of display by a wave B of (Y) of the form of a triangle.
🎯 Interesting points for making trading decisions:
— Breakdown of the orthodox bottom of the wave B of (Y) of Ⓑ ;
— Completion of the zigzag (E) of Ⓑ within black marking;
— Completion of the zigzag Ⓔ of IV within the color marking.
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Disclaimer:
— The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
BTC SHOWING SOME BULL RETRACEMENT BTC is holding the price at the major support not closing below the major monthly support, he tested it and moved below and returned back to the support price which shown that BTC may actually be trying some retracement of some bullish if the bearish impulse fails in the next coming days. My advise for those that are willing to invest on BTC should start investing some spare i mean small of their capital, and if it drop they should also invest more before the next bull move is goint to start
EGLD/USD Waiting for price confirmationEGLD/USD
EWT count - 16 MAY 2022
It looks like a correction might have ended, after over 6 months of downfall of EGOLD.
The expected price of $ 72.26 has been touched.
If the price touches the mark of $140.94, we may consider an uptrend of this. If the price keeps heading down, it means that we are still into the "red territory" and an impulse on the downside may form.
Conclusion for now: Wait for confirmation of BUY or SELL signals
This analysis does not represent professional and/or financial advice.
You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information.
Ziliqua - Advanced Elliot Wave analysis: 07/05/22The long term wave uptrend cycle in Ziliqua remains whereby as indicated on the left (long term overview) we continue to operate inside the 5 wave Super cycle to the upside where we currently are positioned in the 5 wave Super cycle. Following hitting a wave 3 Super cycle top at $0.26 on the 15th of April 2021, the asset then corrected in a substantial WXY correction of significant proportion in terms of time and also price; retracing a noteworthy 85% in value; however, price never retraced beyond Wave 1 Super cycle top keeping the 5 wave impulse in tact. Following hitting a WXY 4th wave completion price then shot up again in impulsive fashion, as seen on the right sided chart (shorter term overview), it appears the long term correction has completed and the asset is positioned in the genesis of the 5th wave Super cycle in which price shall continue to trend up in waves of lesser degree.
Since the impulse move to $0.23 we have come down in a corrective fashion anticipated to be a wave 2 and price appears to be nearing a further impulse. As long as price does not take out the Minor Wave 1 bottom then the impulse count remains in tact; it can be observed that a bull flag may be forming, which may lead to an accelerated rise upon breaking to the upside of the flag.
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