Waves
Ahead of the FOMC, the path to prediction with the Elliott waveThere are two high-probability perspectives seen in the current interval.
Route 1, Route 2
In both cases, we started counting from the 18.1k low.
First, Route 1.
From 18.1k to 19.9k A, it rose in 5 waves.
Since then, it has had the characteristics of B (abc) wave and B wave, which are clearly visible, and I saw it as B wave up to 18.6k.
Moving waves from 18.6k are difficult.
The difference between the Route 1 and Route 2 perspectives is whether one more wave rise is left or whether the upward wave is over, while Route 1 is the view that the upward wave is closed.
The ratio of waves A to C dropped very neatly to 1:1.382.
It's usually one of the percentages shown by ABC, so if you leave the light blue parallel channel like this, you're more likely to be from this perspective.
Second, Route 2.
From 18.1k to 19.9k A, it rose in 5 waves.
Since then, it has had the characteristics of B (abc) wave and B wave, which are clearly visible, and I saw it as B wave up to 18.6k.
Route 1 and this perspective are the same, but the difference arises in how far you look at the C wave.
The recent uptrend has been strong, and since the light blue parallel channel has not broken downward from yesterday's decline, we believe that one more wave rise remains.
The wave from the high, labeled C-3 wave, also appears to have ended in abc.
In this view, the C wave is expected to rise one more wave to 21.5k ~ 21.6k, which is the value of 1.618 A wave, and overlap with the parallel channel break line.
When 21.5k ~ 21.6k comes, the short position seems to have a good profit and loss ratio.
If you leave the light blue parallel channel, the probability that it is Route1 is up
If you creep up without leaving the light blue parallel channel, the probability that it is Route2 is up.
Let's respond to the direction in which the BTC moves.
The FOMC interest rate issue is scheduled for November 3.
Since this is the last rate announcement of the year, volatility is expected to be high.
There have always been a lot of lateral movements before the FOMC issue, so watch out for fake movements!
AAPL weekly 5 wave uptrendEntry 157.89
SL 133.37
AAPL weekly 5 wave uptrend I think we will go higher.
GOOG monthly end of wave 4 ABC correctionBuy shares of GOOG Stop at $97.28
GOOG monthly end of wave 4 ABC correction I think that's it.
UPS end of correctionUPS end of correction that might be it and we are starting wave 5 if going higher.
SANDBOX (LONG) hello traders
We have a break of the wall of the sellers with strong momentum and the reaction of the sellers after the break is corrective, so we expect to get another momentum
XAUUSD forming ending Diagonal for wave 5Elliot wave wave in a daily TF most waves completed successfully and now wave 5 is forming as an ending Diagonal a down trend zigzag to complete the full
cycle before going up the (invalidation price is tagged on the chart) ... and the ABC on chart is the depending on the market with expected (C) to reach at least 1850$
this is my thoughts sharing with you and not signal
follow the market Trend safe trades
Bitcoin updatehello traders
We got out of the selling trade because there is an upward Wave that did not close, we will wait for it to close and look for selling again
BTC SHORT TRADE Hello traders
in today's session I am selling bitcoin, the target is the level of 19840
Analysis
We have an impulse wave and a correction, and we expect to get another impulse wave
NZD USD SHORT TRADE hello traders
We note the entry of buyers with a corrective movement from the liquidity area, and we have a break of the structure with a bearish impulse wave, so the expectation is that the price will retest the block of orders and we will get another bearish impulse wave
XAUUSDWith the completion of corrective wave 2, we see the beginning of bearish wave 3. The price continues to fall.
GBP CAD LONG TRADE hello traders
In a session, I am looking forward to a buying opportunity for the GBP CAD targets, as shown in the chart
Analysis
There is a break in the wall of sellers with increasing momentum for buyers, so if the price reaches the mass of orders before breaking the high, we can execute a buy trade
Possible buying opportunity LINK CryptocurrencyWelcome
We have a break in the structure with an increasing momentum for buyers, so if the price reaches the block of orders before breaking the high, we can activate a buy trade, then the targets are as shown in the chart. If the high is broken before the price reaches the block of orders, the order will be canceled
🌊 WAITING ON WAVES 🌊Greetings,
We're waiting on a volume confirmation of Waves for us to open a Long. I've done a few posts previously on Waves, we often see it move with aggression when BTC.D is moving. The MACD & RSI will play a vital role in analytics for this trade.
Targets;
1 - $3.60
2 - $3.95
3 - $4.28
Remember nothing is guaranteed, control the controllables.
Mogues
CHF JPY LONG TRADE hello traders
In tomorrow's session, monitor CHF / JPY for a buying opportunity from the support area, the target is the resistance area
The possible rise of the cryptocurrency op could reach 70%hello trade
The price has reached a strong demand level and we are saturated with a large percentage, we will see a strong bounce, knowing that we have an upward wave that does not close, we may get an equal wave and the price will retest the supply levels
GALA/USDT SHORT TRADE hello traders
In a session, I am waiting for an opportunity to sell the cryptocurrency Gala, first target 0.04375
Second level target 0.04196
Analysis
The price has arrived for a block of sell orders on the daily frame, and there is liquidity that has been grabed, and there is a momentary on a 5 minute frame for sellers
And the price is going up in a corrective way, so it is expected that it will reach the supply area and we will get another moment for the sellers
ETH / USDT ANalysis WAVE analysis
price action
Demand zone
order blocks
impulse wave
correction
range
momentums
SNR
liquidity
TSLA daily bullish hammer ABC correction looks completeOrder BUY TSLA NASDAQ.NMS Stop 230.38 LMT 230.38 will be automatically canceled at 20230401 01:00:00 EST
TSLA daily bullish hammer ABC correction looks complete unless it's 5 wave downtrend )))
A possible drop in the price of goldhello traders
The sellers were able to break the wall of the buyers with strong momentum. If the buyers reaction is corrective, I will wait for a reversal signal from the support and resistance area or the supply area to take a sell trade to target the bottom
SANDBOX (LONG) hello traders
In today's session,I buy the SAND cryptocurrency, the targets are as shown in the chart
Analysis
We have an impulse for buyers and a correction is expected to get another impulse
XAUUSD LONG TRADE hello traders
There is a bullish wave and a correction pattern. Most likely, it will be RUNNING flat. The price is now at a strong reversal level. Another BULLISH impulse may start from here.
