BTCUSDT 1H: Possible LONG#BTCUSDT has the potential for an uptrend to 23000$
First target 22000$
SL 21000$
Wavetheory
SPY WAVE ANALYSIS UPDATEUpdated wave theory potential path for SPX, including a recent addition which is a pennant that was formed in order to fill the gap from June 10ths decline.
Elliott Wave TD D-Wave Bearish Trend in EURUSDOANDA:EURUSD
Elliott Wave & TD D-Wave The perfect combination.
There was an Bull trend in wave C and a Bear trend in wave 3. as a result, wave 3 In a downtrend TDDWAVE, according to the counting order of "TDDWAVE", there can still be a downtrend as wave 3 normally moves like crazy, so it continues the downtrend. Expect it to go down to the level of 1 – 0.995 following the support tool.
GBPAUD GBPAUD, the bears again face a huge rejection at the 61.8% Fib Level.
bulls are expected to set a buy stop at 1.7277
with a protective stop at 1.7260
several reasons to join the bulls
EURAUDMany traders see a trend continuation here, I still have doubts
so let's close our short positions when market opens and join the long-term reversal.
There are several reasons that support this buying scenario
⠀1. strong support zone confirmed with candlestick pattern
2. bullish momentum and very strong demand area
3. a completion of a 3-3-5 flat correction
But we do not rush to buy, we wait for a correction outside the channel and confirmation
⠀
Only after that we will make a decision about further moves.
TAKE a long @ 1.4769
TP 1 @ 1.5050
TP 2 @ 1.5275
TP 3 @ 1.5534
Protective stop @ 1.4639
DXY (US Dollar Currency) - AnalysisThese are my current thoughts on the USD.
USD Up, Indexes Down
USD Down, Indexes Up
UPDATE ON GBPJPY (ANOTHER POSSIBLE IDEA)WAVE W AND WAVE X HAVE BEEN COMPLETED.
We are currently the wave Y of Wave 4 in the higher degree. There is a possibility that entirety of Wave 4 is not a triangle and we could just be forming a WXY pattern. After analysing the pair, we could potentially form a smaller triangle as an X to then give us an Y to the downside taking out previous lows.
Let me know what you guys thinks. God bless!
NIFTY-17000All 5 waves are completed in an Expanding triangle pattern.
Smart sell is over, because of our local support nifty is not fallen like S&P500.
21 day money flow index shows compulsion of buying
Recovery to the last wave ''c5'' is going on, this may go beyond 62% of c5 ,17000
let's have a buy until AUG 2nd
USDCHF LONG POSSITIONUSDCHF ready to push more higher after respecting the high of wave 1 buy making a impulsive move and now retracing getting ready to push more higher which will complete our five wave move
BUY-SPX for 400pts wave XX to emerge as a pullback RALLY to test falling TL near 4200,
buying pressure obvious and the commodities cooled enough
USOIL PUMPEnergy markets have turned bullish on the HTF. NATGAS confirms this. Now we intend to ride the Trend until the next reversal. We buy every time price dips/retraces/pullbacks on the H1.
USDJPY - 240 MINS TIMEFRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on the chart.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments respectful.
Thanks for your support....
! CALLING ALL ELLIOT WAVE TRADERS (GBPJPY ELLIOT WAVE COUNT) ! !!!! CALLING ALL ELLIOT WAVE TRADERS!!!!!
Hi Ellioticians,
I am currently studying Elliot wave theory and I am still trying to learn how to count effectively. Please let me know if there is anything wrong with the count and let me know how I can improve. This is the final count that I have done after a long time. I humbly wait for your comments.
Kind regards,
BigBoy
USDJPY Rally Slowing Down; Get Ready to Go ShortThe USDJPY rally has a bit more gas in the tank than we first thought. But the 5 wave impulse that we were tracking is developing nicely, and still appears to be running out of steam.
Here is our updated analysis on the lower time frames: we have a 5 wave impulse that is nearing completion (at multiple wave degrees). And even better: what pattern appears to be developing? Another triangle! If you saw our previous post on this pair, you know that we love to see triangles on the chart, as they are indicative of a trend change.
So in this case, we are expecting a small wave up to new highs, after which a swift reversal should occur. Price must remain above 138.56 for the triangle interpretation to remain valid.
If this wave count plays out, we will have significant opportunities to go short this pair. Let us know what you think!
At Parallax, we focus on wave analysis and 1-on-1 education to build a foundation of skills that give our clients the edge.
We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates
Bearish Pennant Break Out & Wave TheorySPX Forming a bearish pennant that is setting up the market for its final corrective wave within the elliot wave theory cycle.
Best case scenario is 3500 level, worst is near 3200. I think that this final corrective wave will not be a slow and steady decline.
Looking for Primary wave cycle Y to get fulfilled.
BNBUSDT 1H: Possible LONGOn the hourly chart, #BNBUSDT has the potential for an uptrend to 235$
SL 218.70$
BTCUSDT 1H: Possible LONGOn the hourly chart, #BTCUSDT has the potential for an uptrend to 20250$
SL 19670$
USDJPY Rally Slowing Down; Get Ready to Go ShortUSDJPY has seen an impressive rally from the lows in late May. But there are cracks in the armor: we see strong momentum divergences in both the MACD and the RSI. We also have a nearly complete 5 wave sequence (the wave count inside the circles), with a triangle as wave ((4)).
This is very telling from an Elliott Wave point of view. Why? The triangle pattern ALWAYS precedes the final move in the larger term sequence. So, if we have a triangle pattern in wave ((4)), this suggests that we need a final wave ((5)) up (which price is tracing out now), after which the trend will shift to the downside.
How exactly you enter this position is up to you. You could wait for price to break through the support shelf around 134.30-134.80. Or if you practice Elliott Wave theory, you could wait for a smaller time frame impulse wave to the downside to confirm the new trend. Either way, we believe that the best trades in USDJPY will be to the downside.
At Parallax, we focus on wave analysis and 1-on-1 education to build a foundation of skills that give our clients the edge.
We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates
BCHUSDT 1H: Possible SHORTOn the hourly chart, #BCHUSDT has the potential for an downtrend to 106$
SL 110.10$
