Get started

Wavepattern

About Broccolli Elliot WaveThere are infinities within infinities. Hence why some infinities are bigger and smaller than others. Elliot Waves concept of cycles and larger cycles are a great example. Here is class A price action pattern of a leading diagonal in rhe USD JPY Daily frame. How ever almost identical to a newly developed breakout on Bitcoin on the 4hour chart. Like Broccoli the Elliot Wave price action wave counts are visible within smaller and larger time frames. Hence why professionals always conclude to look at the bigger trending move and then identify place of entry on a smaller time frame. Sounds good on paper, but it takes time and patience.
BYBIT:BTCUSD.PLong
by INS_IDR
3
💨𝙀𝙡𝙡𝙞𝙤𝙩𝙩 𝙒𝙖𝙫𝙚 𝙋𝙖𝙩𝙩𝙚𝙧𝙣: 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚🌊●●● 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (T) ❗❗ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙧𝙪𝙡𝙚𝙨 ● A triangle always subdivides into five waves. ● At least four waves among waves A , B , C , D and E are subdivided into a single zigzag. ● A triangle never has more than one complex subwave, in which case it is always a multiple zigzag or a triangle. ❗ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙜𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● Usually, wave C subdivides into a "multiple zigzag" that is longer lasting and contains deeper percentage retracements than each of the other subwaves. ● Usually, wave D subdivides into a "multiple zigzag" that is longer lasting and contains deeper percentage retracements than each of the other subwaves. ● Alternating waves of a triangle may be in Fibonacci proportion to each other by a ratio of 0.618 for contracting triangles and 1.618 for expanding triangles. For example, in a contracting triangle, look for wave C to equal 0.618 of wave A . ● A triangle can be wave 4 impuls , wave B of a zigzag, wave X of a double or second wave of an X of a triple zigzag, sub-wave C , D or E of a triangle and the last structure of a combination . ●● 𝘾𝙤𝙣𝙩𝙧𝙖𝙘𝙩𝙞𝙣𝙜 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (Contr.T — CT) ❗❗ 𝙍𝙪𝙡𝙚𝙨 ● Wave C never moves beyond the end of wave A , wave D never moves beyond the end of wave B , and wave E never moves beyond the end of wave C . The result is that going forward in time, a line connecting the ends of waves B and D converges with a line connecting the ends of waves A and C . ● Waves A and B never subdivide into a triangle. ● In a running triangle, wave B should be no more than twice as long as wave A . (Q&A EWI) ❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● Sometimes one of the waves, usually wave C , D or E , subdivides into a contracting or barrier triangle. Often the effect is as if the entire triangle consisted of nine zigzags. ● About 60% of the time, wave B goes beyond the beyond the start of wave A . When this happens, the triangle is called a running triangle. ●● 𝘽𝙖𝙧𝙧𝙞𝙚𝙧 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (Barr.T — BT) ❗❗ 𝙍𝙪𝙡𝙚𝙨 ● Wave C never moves beyond the end of wave A , wave D never moves beyond the end of wave B , and wave E never moves beyond the end of wave C . The result is that going forward in time, a line connecting the ends of waves B and D converges with a line connecting the ends of waves A and C . ● Waves B and D end at essentially the same level. ● In a running triangle, wave B should be no more than twice as long as wave A . (Q&A EWI) ❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● About 60% of the time, wave B goes beyond the beyond the start of wave A . When this happens, the triangle is called a running barrier triangle. ● When wave 5 follows a triangle, it is typically either a brief, rapid movement or an exceptionally long extension. ☝ 𝙉𝙤𝙩𝙚𝙨 ● We have yet to observe a 9 -wave barrier triangle, implying that this form may not extend. ●● 𝙀𝙭𝙥𝙖𝙣𝙙𝙞𝙣𝙜 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (Exp.T — ET) ❗❗ 𝙍𝙪𝙡𝙚𝙨 ● Wave C , D and E each moves beyond the end of the preceding same-directional subwave. (The result is that going forward in time, a line connecting the ends of waves B and D diverges from a line connecting the ends of waves A and C .) ● Subwaves B , C and D each retrace at least 100 percent but no more than 150 percent of the preceding subwave. ❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● Subwaves B , C and D usually retrace 105 to 125 percent of the preceding subwave. ☝ 𝙉𝙤𝙩𝙚𝙨 ● No subwave has yet been observed to subdivide into a triangle. Elliott Wave Principal 2005 and Q&A EWI .
BITSTAMP:BTCUSDEducation
by TradeWaves-EWA
4
$11,700 NEXT? ~ wave 2 (b) of downtrend ($13.4-6) then dump?-Yurlo Good afternoon traders & investors in the crypto community. I'm sure there's plenty of new people around this space looking for guidance and direction. A lot of people are saying the dump is going to continue before today's daily close but in my perspective we've just started wave 1 - 5 of the downtrend and are now finding a bottom before heading to retest resistance. Anything above $13,750 for the downtrend wave pattern, or $13,875 would be a clear invalidation zone for this trade idea. Enjoy your week, I'll provide updates if targets get hit and the next move. (it's all on the chart anyways but visuals on price action updates is nice to see for the mind) PLAN YOUR TRADE AND TRADE YOUR PLAN 👍
BITSTAMP:BTCUSDShort
by Yurlo
6
XAUUSD: LOOK FOR SHORTS SOON!Setup Overview: I believe gold has completed its 'A' pattern of the 'ABC' correction structure. Now that we have this data, we can make an educated guess that the market will go for shorts around the 1573 to 1583 mark (red zone drawn above). It's important to monitor price action in this zone before placing a sell order (because of the 100 pip differential between the top and bottom of the red box drawn). This is the zone between the 50% and 61.8% move that usually reverses the market on a 'B' wave. Profit Overview: Gold has a history of wave 'A' and 'C' being the same length (or 200% of wave 'A', however you want to look at it). However, I have put take profits between 150% to 161.8% of wave 'A' to ensure we will be taking profits at the first stop on the way down as most probably will be. Risk on sell: Make sure to widen stop losses because as in any 'ABC' correction, wave 'B' may retrace to the 78.6% line. As always, this is all just for educational purposes, I am not a financial adviser. Good luck Traders!
OANDA:XAUUSDShort
by PierreFX
BITCOIN : Short Term Possible Scenario's #Bitcoin_Update #4H Bitcoin 4H time frame chart showing a test at on the key price level of a support at $9011 and this must be a taken as a key point for Bitcoin. If it closes below this key price level we will heading to test the next support area at $8724. In general there 2 main scenario's to occur at the current trend. Scenario 1 : Break out for a correction and this correction might even go further for an ABC correctional wave formation. Scenario 2 : Reverse back for another leg up to test our current resistance price level at $9475 which might see a rejection once again for a H&S creation and for a bull run like the past two H&S formations for a test of the next stronger resistance price levels at around $9800 and $10000. RSI and MACD in favor of the bears for the short run for now. and EMA is also trending on the way to the bearish side. Our conclusion is we still can't confirm the next move unless we see some more chart formation indications but the close of the current or maximum the next 4H candlestick formation will tell us where Bitcoin will move in the short run. Stay Tuned For further updates. And you can follow our social media platforms for Live updates too. TogetherWeAccumulate With Regards.
COINBASE:BTCUSD
by cryptotalk_et
1
Bitcoin - the end of the drama or only the middle sectionHello, There’s a small possibility that we have already seen the low at 5,758 $, but I do not believe in that. The actual impulse downwards is not completed yet, I suppose, so there’s a good chance to come down deeper. Where does the journey take us? The most expected movement in my view you can see in the chart above. I think that it ends between 5,561 $ and 4,970 $. From there we will see a strong reaction right back to 9,999 $ - the sore point of the game. If BTC is not able to get through it, we will fall back to 4,970 $ and much deeper. If this happens everything is possible on the downside. So be careful! I am not invested. I am sitting on the sideline with popcorn in hands. Think of it, maybe there are other markets much easier to trade. Do you have any other ideas? Please leave a comment or a message, if you have any questions! Take care tgo
BITFINEX:BTCUSD
by HK-Capital-Management
2
2 scenarios in wave theoryI'm very much a dilemma right now. Scenario 1 - It is making a flag and is about to break through the upper level. If it breaks that we will most likely see the price surge to more that 500. However there is a lot of resistance to for it to break through. I also see another pattern Scenario 2 - It is following the uptrend but it has now broken it and made a flag underneath. This is one of the most clear signals that the price will fall and we will see a correction. I will monitor this one closely the next few hours. In order to not miss a big trading opportunity.
BITSTAMP:LTCUSD
by madsroland
12