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Waves

Updated Dow Count Looking at 2 scenarios but leaning towards crash wave 3 of 3 being at bat or warming up and getting ready to step up to the plate. There’s an alternate count should the confluence of red lines fail to cap this rally and a horizontal white line in the sand indicted which if exceeded would force a change of view to this is a larger bear rally in play. We’re close to the markets showing us which way this will go. Previous count invalidated, but if the current count holds true, it’s forecasting a 3 of a 3 wave in an extension. Meaning a crash isn’t far off now.
TVC:DJIShort
by WavesPatternsCandlesIndicators
1
NZDUSD ELLIOT WAVE BREAKDOWN (FINAL POSSIBLE DROP)NZDUSD is currently at the finish of wave 2 which happens to contain a complex correction (WXY) based on Elliot wave principle as you can see from the picture above. Wave C which should contain 5 subwaves ending the overall wave 2 is about to be played out. Let see how it plays out... Trade Idea: - Watch for a break of the red trendline for confirmation - Enter with stops below price - Targets: 190 pips Goodluck and as always, trade safe!
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by Ifeanyichukwuxx
1
Double Top: Target reached.Hello Trades, Am sorry for not sharing this idea earlier before the breakout, but I was waiting for anyone to share it but I found no one shared it ! You still can count it as an educational idea. - if you zoom out on your 1h Chart, You will see a double top pattern formed and already broken, thats why waves got about 20% down in the past few days. - Educational: The double top is one of the most popular patterns in trading. It's a reliable reversal pattern that can be used to enter a bearish position after a bullish trend. It consists of 2 tops at nearly the same level with a valley in between, which creates the neckline. The second top does not break the level of the first top, so the price retested this level and tried to make a higher high, but failed. Price breaking the neckline and closing below it would complete the pattern. Conservative traders look for additional confirmation and aggressive traders may enter a bearish position from the second top. The target can be estimated by measuring the height of the pattern and projecting this downwards from the neckline. Common stop levels are just above the neckline, halfway between the neckline and the tops or above the tops. The double bottom is the bullish version of this pattern that can form after a downtrend. - Thumb up for updates Follow for calls on different coins -Remember: am not a financial advisor, whatever I publish you have to do what you see on your chart and what you agree with.
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by TANcrypt0
[UPDATE] Wyckoff on WAVESHello Traders, This is a quick update on waves for the targets ! I hope you made some profits from this idea <3 Thumb up for more on WAVES Follow for more on ALTCOINs. Have a nice day !! - Educational : The distribution schematic has similar phases to the accumulation schematic, but with many of the same events along the way happening in the opposite direction. Phase A - Arriving with the Markup Phase of the cycle is the Preliminary Supply (PSY), which demonstrates the first opportunity to sell for strong profit is nearing. The Buying Climax ( BC ) where the Composite Operator and bears first sell-off, creating a new resistance line. Price drops until a new Automatic Reaction (AR) occurs, bouncing the price up again to a Secondary Test (ST). Phase B - Similar to Phase B of the Accumulation Schematic, in that, this is now where the Composite Operator will sell off its investments and realize profits from the previous schematic phases. Again, bear traps and bull traps may occur between the trading range. An Upthrust (UT) may also occur, briefly surpassing the BC , and setting a new resistance line. Phase C - Just as with the Accumulation Schematic, this phase may or may not occur. An Upthrust After Distribution (UTAD) could find the market a new high. Whether or not this happens, Phase D eventually takes place. Phase D - This is the last point for investors to sell at higher prices before the price begins to capitulate. Usually, a Last Point of Supply (LPSY) is found within the trading range, then a buy/sell reaction occurs, and another LPSY is located at or below the support line, triggering Phase E. Phase E - The downward capitulation begins with a clear drop under the trading range as investors sell off, diminishing demands and tanking the price. ------
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by TANcrypt0
5