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Waves

US30 BULLISH ELLIOT BREAKDOWNLooking back from Wednesday 15 of March, 2023, the wave 3 kicked off after wave 2 has completed its 3 waves movement. Wave 3 which carries 5 sub-waves along side submerged. Sub-waves 1, 2 and 3 are done, going for the fourth wave which carries 3 waves (ABC waves). However, from 4H timeframe, we can see a Zig-zag correction occurring which goes with 5-3-5 formation. Wave 4 is almost done, from there we can witness the last wave of 5. let's see what the lunch from NASDAQ:AAPL will bring about on the 15th of September. Stay tuned for updates from this breakdown. WAVE 1 = 5 WAVES WAVE 2 = 3 WAVES WAVE 3 = 5 WAVES WAVE 4 = 3 WAVES WAVE 5 = 5 WAVES WAVE A = 5 WAVES WAVE B = 3 WAVES WAVE C = 5 WAVES
EIGHTCAP:US30Long
by Ifeanyichukwuxx
TSLA fifth wave and bullish FVG 4h timeframeI've been keeping a close watch on TSLA's recent movements, and there's something worth sharing. It seems we're in the midst of the fifth wave, if we follow Elliott Wave Theory. What's even more intriguing is that on the 4-hour chart, a bullish FVG (Fair Value Gap) could be in the works, indicationing the end of the bearish (fourth) wave. Adding to the excitement, the Relative Strength Index (RSI) is giving us some interesting signals. It's right on the edge of slipping into oversold territory, a potential sign of a turnaround. Plus, keep an eye out for the impending cross between the RSI and its RSI-based Moving Average (MA), as that could indicate a significant move coming up. This setup has definitely caught my attention, and I'm thinking there's a trading opportunity brewing. If taking the trade I would suggest a safe stoploss below the fourth wave or a more risky one below the next bullish liquidity void on the chart. I would target the end of the fifth wave as a TP area because after that I believe we will see the first correction wave of the ABC pattern. Of course, as traders, we know the drill – careful analysis and risk management are key before making any moves.
NASDAQ:TSLALong
by RuneDD
NZDJPY LAST WAVE DROPNZDJPY has been bearish since early July but started the trend with a possible leading diagonal which comprises of 5 waves and 3 sub-waves to it. Considering the diagram above, we are done with the waves 1, 2, 3, and 4 going for the completion of the last wave (wave 5). Wave A and B are done and price also going for wave C after which we can witness a big correction. For now, lets see ow it plays out with a target of 410 pips from breakout. WAVE 1 = 5 WAVES WAVE 2 = 3 WAVES WAVE 3 = 5 WAVES WAVE 4 = 3 WAVES WAVE 5 = 5 WAVES
Short
by Ifeanyichukwuxx
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