USDCAD - Short
Reading the waves and Speed Index
1. Abnormal Speed Index of 14.8 = Sellers
2. Largest down wave with normal Speed Index = market agrees with move
3. 4. Large up wave but with high Speed Index 10.5 = Sellers
5. High Speed Index on the up move 8.0 = Sellers still forming but it looks like we are have a hard time to move up
Therefore Short
Waves
EURUSD - You Should be Long!This this chart is read using the volume waves and Speed Index
1. Large Down Wave but Speed Index 11.6 is very high compared to previous SI numbers which means that buyers are stopping the down trend.
2. Largest Up Wave after a long time with normal SI= more buyers
3. Very Large Up Wave with normal SI = more buyers
Therefore Long is the trade!
📍Part #6, FLAT - Corrective Waves-Simple-Sideways corrections.👩🏻💻Hello!
In this lecture, we will cover one of the options for corrective cycles, namely Flat.
Let's now look at the 'flat' separately as a stand-alone correctional structure. I remind you, 'flat' and 'plane' are essentially the same thing. So, the 'flat' always has a three-wave structure, and it looks like this: 3-3-5. That is, you can identify it by the third wave "C", which always has a five-wave structure. But it can also be a Ending diagonal. And all this will be within the scope of a regular 'flat' or 'plane'. If we draw a line from the base of wave A and the maximum of wave "B", and then also draw a line or level from the end of wave "A" and the end of wave "C", we will get parallel lines, which is exactly what the name Flat hints. And this wave "B" should roll back approximately 90% of wave "A" for everything to look nice. But not always, because there is also an expanded 'flat' and a running 'flat', whichever you prefer.
Well then. Let's look at the main rules and guiding norms for flats.
✅General rules✅
📍A flat always subdivides into three waves.
📍Wave "A" is always a zigzag, flat or combination.
📍Wave "B" is always a zigzag.
📍Wave "C" is always an impulse or a ending diagonal.
✅General guidelines✅
📍Wave "A" is usually a zigzag.
✅Regular Flat✅
Rules
📍Wave "B" never goes beyond beyond the start of wave "A".
📍Wave "B" always retraces at least 90 percent of wave "A".
📍Wave "C" always ends past the end of wave "A".
Guidelines
📍The rarest type of flat correction.
✅Expanded Flat✅
Rules
📍Wave "B" always ends after the start of wave "A".
📍Wave "C" always ends past the end of wave "A".
Guidelines
📍Wave "B" usually retraces 123.6 or 138.2% of wave "A", less often — 161.8%.
📍Wave "C" is often equal to 161.8% of wave "A", less often — 261.8%.
📍The most common type of flat correction.
✅Running Flat✅
Rules
📍Wave "B" always ends after the start of wave "A".
📍Wave "C" never goes beyond the end of wave "A".
Guidelines
📍Within such a flat wave "B" should end well above the origin of wave "A" and that means wave "C" might reflect a 61.8% or even a 100% relationship to wave "A".
📍A running flat indicates that the forces in the direction of the larger trend at next higher degree are powerful.
📍Wave "B" is usually no more than twice the length of wave "A".
Keep in mind that a running flat is rare.
Thank you for your attention! There will be another lecture next week! Don't miss it!
🔔Links to other lessons in related ideas.🔔
WAVESWAVES price are moving in upper trend
The price already have the correction
Good for investment
SPOT trade
BR
GTAI is gonna Reach $5 One way or another!!!Hi.
GTAIUSDT
Today, I want to analyze GTAI for you in a 1D time frame so that we can have a SHORT-term view of GTAI regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
🔵We have a Bullish Structure here
GTAI formed a falling wedge on 1D timeframe🤔
Up we go if we do breakout , ended correction waves, & starting 5th impulse waves.
also a bullish Divergence (RD+) on MACD which shows Positive Signs for GTAI.
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Bullish Wedge.
🟢 5th waves.
🟢Bullish Regular Divergence(+RD)
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TD Swing Long Conservative Trend TradeConservative Trend Trade
+ long impulse
+ biggest volume T2 level
+ support level
+ biggest volume Sp
Calculated affordable stop loss
1 to 2 R/R take profit
Daily Context
"+ long balance
+ ICE level
+ 1/2 correction
- neutral zone"
Monthly Context
" - short impulse
+ biggest volume T1
+ support level
+ 1/2 correction
+ biggest volume 2Sp+
+ weak test to 1/2 correction"
HD Long Day Aggressive Counter Trend Trade 16Aggressive Counter Trend Trade 16
- short impulse
+ biggest untested volume T1
+ support level
+ biggest volume 2Sp+
+ test
+ below first bullish bar closed level entry
Calculated affordable virtual stop loss
1 to 2 R/R take profit
Hourly Context:
"- short impulse
+ biggest volume T1
+ biggest volume 2Sp-"
Daily Context:
"+ long impulse
+ T2 level
+ support level"
Monthly Context
"+ long impulse
+ SOS level
+ support level
+ 1/2 correction"
TD Swing Long Aggressive Trend TradeAggressive Trend Trade
- short impulse
- unvolumed T1
+ biggest volume 2Sp-
- skipping test expecting gap overnight
Calculated affordable virtual stop loss
1 to 2 R/R take profit at 1/2 of Daily
Daily context
"+ long balance
+ ICE level
+ 1/2 correction
+ support level"
Monthly Context
"- short impulse
+ biggest volume T1
+ support level
+ 1/2 correction
+ biggest volume 2Sp+
+ weak test"
INTC Swing Long Conservative Trend Trade Conservative Trend Trade
+ long impulse
+ expanding T2 level
+ support level
+ unvolumed 2Sp
+ volumed test
+ below first bullish bar closed level entry
Calculated affordable virtual stop loss
1 to 2 R/R take profit
Daily Context
"+ long impulse
+ SOS level
+ support level
+ unvolumed Sp"
Monthly Context
"+ long impulse
+ SOS level
+ support level
+ 1/2 correction"
Give me a way better price at afterhours.
I just need my 2 R and I'm out!
XRP Head & Shoulders + Wave Count Chart.XRP is currently in an ABC correction pattern that is forming a perfect Head & Shoulders pattern. If price action continues to drop, I expect it to hit the lower range of the descending wedge indicated by the purple box, which could act as a launching pad for the next wave up.
Good luck, and always use a stop-loss!
Flare wave count could be indicating a major drop incoming!The current wave count on FLR could be indicating that a big drop is incoming. If price fails to get above the top box, then it will likely come down to the range of the lower one. However, if it breaks through the upper box, then that area could act as a launching pad for much higher prices. We will have to watch and see how it plays out over the next few days and reassess.
Good luck, and always use a stop-loss!
Bitcoin Fib Estimation IIIn this idea I'll document my further observation of long-term price action
The way 0.236 first fibonacci channel defined 2021 ATH
Critical points of prior cycles were also captured by fibonacci channels of same tool.
Significance of second Fibonacci channel is also apparent because it also breaks down historic cycles.
This means that correlation of prices with its derived fibonacci ratios has been occurring over a decade period long.
2012 - 2015 cycle can be measures with 0 - 1 based on direction of the fall of 93.75% where n.618 defined ATHs.
Another way of presenting how price maintains golden rule would be using the metrics of first bullish wave.
Shows exactly how fibonacci channels split up historic cycles into component phases.
For now I see 2 options of LT price movements in respect to whole history:
A squeeze into a triangular formation OR a sooner breakout
📍 Part 4. Corrective Waves- Simple Zigzags - Sharp Corrections.👩🏻💻 Welcome to the 4th lecture on Elliott Waves!
➡️In this lecture, we will start discussing the variations for corrective movements. Let's begin with the simplest one - it's zigzags.
➡️By correction, we mean the construction "ABC" after an impulse. This reminds us of a zigzag, hence the name. Also, we can encounter it in each corrective wave, that is, "2" and "4" - it's the simplest and most common form of correction.
➡️As you recall from previous lectures, for waves "A" and "C," there are variations in the form of Leading and Ending Diagonals, and the same applies to "B," namely flat, zigzag, triangle, or even a combination, i.e., any three-wave pattern. Here it's worth remembering that wave structure is fractal, and there's no need to be afraid, just like with variations for impulses, namely leading and ending diagonals.
➡️Zigzags can often be embedded into a parallel channel. We've dealt with a simple zigzag. Most likely, your main questions are about variations for "B": flat, zigzag, triangle, or combination. On the cover of the learning materials, you will find the main variations of simple zigzags. Keep and use them!
📍 Let's look at the main rules and guidelines! 📍
📍 Guidelines: 📍
📍In a zigzag, wavelength "C" can be equal to wavelength "A".
📍Wave "B" is usually corrected at 38.2% - 78.6% of the length of wave "A".
📍If wave "B" is a triangle, is usually corrected at 38,2% - 50% of the length of wave "A".
📍If wave "B" is a zigzag, is usually corrected at 50% - 78.6% percent of wave "A".
📍In a zigzag, if wave "A" is a leading diagonal, then we would not expect to see an ending diagonal for wave "C".
📍A line connecting the ends of waves "A" and "C" is often parallel to a line connecting the end of wave "B" and the start of wave "A". (Forecasting guideline: Wave "C" often ends upon reaching a line drawn from the end of wave "A" that is parallel to a line connecting the start of wave "A" and the end of wave "B".)
📍Waves "A" and "C" within the zigzag often appear in the form of impulses, but more often alternate according to the type of motive waves: if wave "A" is an impulse, expect wave "C" in the form of a diagonal, and vice versa. It is much less common to find waves "A" and "C" in the form of diagonals.
Thank you for your attention! There will be another lecture next week! Don't miss it!
🔔 Links to other lessons in related ideas. 🔔
INTC Swing Ling Aggressive Counter Trend TradeAggressive Counter Trend Trade 12
- short impulse
+ volumed T1
+ bigest volume Sp
+ weak test
+ first bullish bar closed level entry
Calculated affordable virtual stop loss
1 to 2 R/R take profit
Daily Chart Context
- short impulse
+ biggest untested volume T1
+ biggest volume Sp
Hourly Chart Context
- short impulse
+ volumed T1
+ bigest volume Sp
+ weak test
+ first bullish bar closed level entry
WAVES/USDT - Waves: BBand Breakout◳◱ On the $WAVES/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 4.043 | 4.281 | 4.702 and support near 3.622 | 3.439 | 3.018. Entering trades at 4.066 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Waves
▣ Rank: 206
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Waves is a public blockchain network that enables users to create and access decentralized applications. It features on-chain governance, Formal Verification for smart contracts, and a variation of Proof-of-Stake (PoS) called Leased PoS to ensure network consensus.
◰◲ Technical Metrics :
▣ Mrkt Price: 4.066 ₮
▣ 24HVol: 38,279,131.066 ₮
▣ 24H Chng: 7.226%
▣ 7-Days Chng: 2.76%
▣ 1-Month Chng: 35.84%
▣ 3-Months Chng: 37.23%
◲◰ Pivot Points - Levels :
◥ Resistance: 4.043 | 4.281 | 4.702
◢ Support: 3.622 | 3.439 | 3.018
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 3.34
▣ Last 90D: 1.77
▣ Last 1-Y: 0.94
▣ Last 3-Y: 0.32
◲◰ Volatility :
▣ Last 30D: 1.41
▣ Last 90D: 1.00
▣ Last 1-Y: 0.98
▣ Last 3-Y: 1.36
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.67 - Bullish
▣ Reddit sentiment score is 0.66 - Bullish
▣ In-depth WAVESUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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ARBUSDT Long Investment Trend Trade 3RTrend Trade 3R
+ long impulse
+ support level
+ volumed expanding T2 level
+ 1/2 correction?!
+ biggest volume Sp
+ weak test
+ below first bullish bar closed level entry
Monthly Context
+ long impulse
+ JOC level
+ support level
+/- 1/2 correction?
Calculated affordable stop loss
1 to 2 R/R take profit
Hellena | Oil (4H): Long to resistance area (maximum of wave C).Dear colleagues, I suppose that the upward movement is not over yet! The price is forming Multiple Zigzag. I expect the price to reach the support area at 79.00, having finished wave X, after which I expect the upward movement to continue at least to the resistance area - the maximum of wave C at 83.00.
I do not recommend entering short positions! We are looking for a good entry into a long position.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Waves/usdt bullish continuation from support? 🚀Waves Analysis💎 Paradisers, #WAVESUSDT is on the move, currently testing a crucial support at $3.604. If it keeps up the momentum here, there's a good chance for a bullish surge. The initial target is the resistance at $4.123, with plans to tackle even higher resistance levels next.
💎 If PSX:WAVES starts to falter at this support, we're looking at a potential bullish rebound from the deeper support at $3.136. This area is well-known for its liquidity, underscored by past robust upward trends and vibrant green candles.
💎 Falling beneath this additional support could hint at a shift to a bearish phase, marked by increased selling. It's essential to remain alert and adaptable as we navigate the #WAVES market developments.