Get started

Wavecount

PLATINUM LONG TERM WEEKLY TIMEFRAME Corrective move down Currently at wave (B) while wave A was a 3 Wave daily move down. What I expect to be wave C could also be a 3 wave (Y) down. Either way the weekly timeframe is a corrective move down. DAILY TIMEFRAME Trading with the weekly trend down. 5 Wave move down was completed and noted as wave 1 A corrective (3-3-3-3-3) noted as wave 2 is complete expecting a wave 3 daily down or a 5 wave down. 4 HOUR Ideal entry zone Probable time holding of this trade is 1-5 months : Not guaranteed just a projection depending on the timeframes
PShort
by Beclinks_Capital
The SSE Composite Index is an index- Shanghai Stock ExchangeThe SSE Composite Index is an index of all companies trading on the Shanghai Stock Exchange in categories A and B. On a large timeframe, the price has now soared high with strong momentum support. Volatility has shrunk to the downside. From a technical analysis perspective, this pattern is a flat that has unfolded in a 3-3-5 structure. (normally labeled ABC) wave C of this pattern traveled to 1.886 fib level and afterward, the bulls are now in the camp. I'm expecting the price to continue up move for the days to come. buying at CMP with a protective stop at 3146.66
SSE:000001Long
by oxxygee
[Advanced] Bitcoin Elliott Wave Analysis In my previous breakdown of Bitcoin's chart, I described a very simple approach where i identified significant support and resistance levels for Bitcoin. - For this chart, I have meticulously counted all significant elliott waves for Bitcoin. - You can click around, zoom in and out to see the specific wave counts I made for the past price action as well. - We have currently completed the first wave of the final 5th cycle wave. - The correction that is taking place could be seen as the second corrective wave. - While most people have their eyes on $53k, I think there's untapped supply below $53k. - If we see Bitcoin break and close above $60-61k on the daily, the most probable case would be Bitcoin retesting the $63.6k resistance. - Breaking through $63.6k would indicate that Bitcoin could resume to the uptrend immediately. - However, we have broken down the $60-61k range, and attempted to break above it multiple times. - The chart suggests that this short term upward move not only lacks momentum, but is also considered a mere pullback before a potential leg down. - The key area of support that I consider to be important is $51.4k. Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk.
BITFINEX:BTCUSD
by Michael_Wang_Official
8
AMD, Major/Minor correction or progress continuation?Any clue?There are some moments in live wave counting that different scenarios are valid based on Elliott wave certain rules . What can an analyst do in these cases? Is there any clue? Of course there are some guidelines which can help us to give more weight to a possible scenario. Please note that these are ,as the name suggests, guidelines not rules which means things can deviate from what we consider to be the most probable. AMD at this point is one of those examples. Several valid wave counting are published for AMD every day. Most of them are valid. Some are optimistic and some are pessimistic. I myself think , based on larger cycle waves, AMD is generally bullish. But what is the most probable next move? I showed on the chart just two valid wave counting. There are more but we just skip those since the purpose of this publication is education not a trade analysis and these two scenario serve our purpose well enough. On the left side of the chart we can see a scenario which suggests that a cycle is completed and we are going to have a retracement back to 106 USD and even back to below 100 if we consider a completion of the larger cycle wave ( which is possible). On the right side of the chart we can see a scenario which suggests AMD is just completed wave 1 of a new wave cycle and after a minor retracement it goes to much higher targets. Which scenario is more probable now? Here I show you some guidelines: 1- Alternation : wave 2 and wave correction are different in time and characters. As we can see what labeled in left side of the chart confirms this guideline. 2. Volume is highest in wave 3 while price goes higher in wave 5. Again left chart shows it clearly. 3. Slope is highest at wave 3. As it is clear in left side wave count. 4. Optimism is at the peak at wave 5. As you can see on many publication and target analysis these days, majority of analyst talk about 180 TP for AMD. on contrary there are some guidelines which support right side wave counting. One example is : 1- wave 3 is often the extended wave with clear subdivision ( please note that what labeled on the right side as wave 1 can be just wave 1 of 3 of 3 or wave 3 of 3). So far the most extended wave is the last move up from 99.5 to above 140. All in All as more guidelines supports left side scenario we can give more weight to it, however we keep it in mind that these are just guidelines not rules.Also we have to consider that we are doing live wave counting. Any further progress without a correction calls for major wave count updates. Can we have a further clue? Of course. Since a cycle from 99.5 to above 140 is most likely completed we probably will have a correction. The amount of next correction and it's character can help us to choose between possible scenarios. We can update our wave counts as upcoming wave character unfolds. Please do not hesitate to ask questions if more explanation is needed, We are here to help each other as far as we are able to. Good luck my friends.
NASDAQ:AMD
by SaeedSajedi
7
🔥 Natural gas will rise in price three times 🥶●● Preferred count ● NATURALGAS ( Currency.com ) 🕐TF:1W Globally, the price of natural gas is driven by the third wave of the Grand Supercycle , within which the final wave (V) is developing. Wave (IV) that preceded it took the shape of a w-x-y double zigzag , although one should not exclude further complication before a sideways correction. ● NATGASUSD ( OANDA )🕐TF:1D Behind the most powerful part of the wave ① of I — Third of a Third — 3 of (3) , on the horizon — a less rapid growth in the fifth waves, followed by a series of downward corrections. ● NATGASUSD ( OANDA )🕐TF:4h A correction by wave 4 is expected in the form of an expanded flat , the target for which may be the area of the previous fourth . ● NATGASUSD ( OANDA )🕐TF:2h Wave ⓒ of 4 , presumably, is unfolding the ending diagonal . ●● Alternative count ● NATGASUSD ( OANDA )🕐TF:2h As an alternative count — wave 4 of (3) is a running contracting triangle . This interpretation implies the resumption of growth within wave 5 from the current levels. Long position under the conditions of the implementation of the main scenario seems to me less risky, but the alternative count also offers good opportunities for long at current prices.
NLong
by TradeWaves-EWA
BTC EOY PredictionBITSTAMP:BTCUSD Sharing my thoughts on how I think the crypto bull run will finish. I believe that we are currently in wave 3 of the final impulsive wave for BTC. In terms of the entire market cycle we are in wave 5, but we are completing a wave 3 within wave 5. I expect that the bullish momentum will carry us past the current ATH of roughly 65k until we hit 72k to finish wave 3(sometime in the end of this month). Then I expect a wave 4 correction taking us back down to backtest the previous ATH at 65k (some wicks below) before completing a wave 5 that could take us anywhere between 82k-85k. It is possible that we will have an extended wave 5 reaching towards 100k but I don't think the volume profile supports this. Once BTC tops I expect there to be a deep A-B-C correction with the A-wave coming down near the highs set in early September. Then a "return to normal" B leg for BTC comes and the Altcoin Mkt cap gets extremely parabolic. This will likely occur near the start of the new year before BTC finishes its retrace to the .702 retracement level and then rolls over to complete a C leg below 40k to begin the bear market.
BITSTAMP:BTCUSDLong
by crypto477
Short Term BUY on US30US30 is moving beautifully with Elliot Wave Theory so far this week. Here we see a correction after the W3 impulse then bottoming out to complete the W4 structure. Now we're starting to form a really nice sub wave within the last impulse wave on the higher time frame(W5). The sub wave (1) shot up then came down to create sub wave (2), which rejected the 61.8% fib level to the T. What we can expect now is another impulse wave upwards to simultaneously complete the Short Term Wave Count and the Longer Term Wave Count. A safe place to take profit would be the sub wave (3), which I've marked "35710".
OANDA:US30USDLong
by Zandyy
BITCOIN - Stop hunt in both directions after triangleWill the bear flag, spotted on the longer time frames, roll out near 15k? (rough 15k target derived by measuring the first move down) Will global changes, and specific government monetary policies changing to include BTC, have a lasting positive impact on price? Aside from the wave count question on the chart, the price is fading at resistance, how strong is that resistance? Stochs says overbought, so sideways for the short term is most likely as not many people win in that scenario. If I were to trade this I would set a 5% trailing stop from the recent high (41k is the recent high in this case) and think of it as a gamble, as every crypto trade is essentially a casino game.
BITSTAMP:BTCUSDShort
by rolledchange
3