Get started

Wavetheory

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....
by Tradelikemee
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
Short
by ImreSG
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
Short
by ImreSG
1
ADA Weekly chart analyzehello everybody hope you have good days. today i want to analyze ADA altcoin in 1W chart for long term. according to the VASIL hardfork that will be happen in early month (june 2022) and this upgrade will be so amazing and increase network throghput. so we have a good fundamental for ADA these days. now lets go to chart: you see that we have completed a 5 impulsive wave and ADA saw about 3.20 price and after that we start a very deep correction. now you see we can approch end of this correction at the overlap levels of fibo (ret 0.38 and proj 0.50 like i show on chart) and also we are a good support level in around 0.4 price. overlaping this fibo levels and this support strenghen our perdict. after that we have an ABC correction wave after impulsive an seems to be ended. our momentum in 1W timeframe is in oversld levels. now if we lose this support(around 0.4 price) we can go down till brown area that i show on chart.(this levels is overlap of 100% and 61.8% fibo levels and a good support level according to history of market. just dont forget to place your SL below first support level to prevent losing more if we lose this support. SL=0.38 thank you all for your support. !!NOTE!! ((friends when you support me and follow me and comment on my posts you can teach me more about market. im very interested to learn more and you are the best teacher. please support me for more posts thank you))
Long
by TraderAmin-KZ
CRO longterm targets.hello everybody. CRO seems to be at the end of an ABC correction and compeleting C wave. according to the 100% wave A retracement and 261.8% wave B extention and these two levels overlaped. this level is a good support level. and momentum is in oversold area and pulledback to exit this condition. after end of correction we can see a yellow target level that i show on my chart. this level contains three important factor: 1-moving average 200 2-old valid trendline 3-50% fibo retracement level of ABC correction. . . . FUNDAMENTAL: CRO have good fundamental and good news these days. the most important news was partnership of crypto.com with qatar fifa worldcup. and in these 4 5 month we can see good grows in this lovely altcoin. . . . dont forget to manage your capital and risk. . . . if you take a trade you must set a good stoploss. (NOTE!!! this article is my own opinion and its not a trade advice. please tarde on your own opinion and use others opinion to improve your analyze.) . . . so i will do that.please support me and i wish use your experience and you can help me to improve my abilities. thank you all.have good days.
Long
by TraderAmin-KZ
2
EURUSD UPDATEEU on the HTF is in a strong downtrend, price has recently bounced from the strong psychological level of 1.0400 and formed equal lows from a daily perspective, below these equal lows is liquidity i would like to see removed before we can move higher. Dropping down to the 4H TF since the recent bearish impulsive wave to the downside price has now provided us with a new corrective wave - this retracement move is currently testing the 0.618 fib in the form of a rising wedge, we can identify the range is tightening and we expect a breakout soon. For entry confirmations i would like to see a sweep of the current intraday highs and push above the top ascending trendline of the wedge to stop hunt early shorts, and come into our area of confluence with the 0.786 fib and psychological level of 1.06500, inside of this identified zone we will drop down to the lower timeframes and look for one of our valid entry confirmations to capitalise on the next impulsive wave down.
Short
by ITSCRYPTO1
LONG ON SOLUSDTWe are looking at a move from $34 to $39 the Long drawing tool shows the entry the exit and the stop loss. If we break $42 then the next target is $46-48 and then next target is $56. I think the news of Sol taking control of the whales account yesterday was either positive and people are buying knowing that the SOL owners are on top of protecting the community or it is being fueled by short traders expecting a dump to the liquidation price of $22 because of the 138 million dollar long that they announced was going to crash the network tokens price. This is the fastest network on the planet guys and so much NFT projects are being built it is insane so I think the whole news about taking control of the account are fake and majot FUD because we see plenty of volume coming into this asset ever since! The market is a crooked place full of fake news but the volume never lies! It is always the one thing you can count on!
Long
by FLASHGORDON10
WTI Oil - New Highs to Come?It is incredibly difficult to analyse this commodity fundamentally so let's see what technical analysis may suggest? Technical Analysis (Elliott Waves): Since the sharp fall of March 2020 it is likely that we are observing the development of a global zig-zag ABC Five waves of the first impulse A completed in July 2021 Wave B took shape of a complex Running Correction WXY finishing in November 2021 And since then we can see formation of another impulse in wave C Waves 1 to 3 of this impulse culminating in March 2022 are quite clear which have been followed by a flat correction in the shape of Double Threes WXY The crux of the analysis is developing right now when the price started moving in a very choppy way The previous scenario still stands and it is very likely that we are observing development of an Ending Diagonal in wave 5 (see educational post below about the structure of this wave) Waves 1-3 have formed and we can expect correction of wave 4 to last at least until end of June / fist week of July to the level of $103, followed by the last zigzag to top the high of $129 This is quite complex scenario so it needs to be monitored against all the rules of Ending Diagonal. What do you think about WTI Oil and its short term prospects? Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves. Thanks Educational post on Ending Diagonal
TVC:USOILLong
by vitalalyt
1
SPX - Panic is Not Over - How Much Deeper?Following disappointing CPI figures the market is still in the Risk-Off mode and S&P500 is in the panic sell off. Has it found the bottom yet or can it still fall even further? Technical Analysis (Elliott Waves): With no signs of correction reversal, previous scenario where a five wave impulse was developing since March 2020 fall - is most likely invalidated now The scenario proposed in this idea suggests that we are observing the development of a global Ending Diagonal (see below educational post for more details) since the Great Financial crisis of 2008 The fist impulse shaped by a zig-zag completed in September 2018 followed by the second wave formed by an Extended Flat and completing in March 2020 Third wave which culminated in January 2022 was also a rapid zig-zag fuelled by the hype and the Fed's stimulating monetary policy In the case of an Ending Diagonal the retracement of wave 4 is usually in the range of 0.786x of wave 3 and breaking the high of wave 1 hence we can expect the correction to reach the level of approximately $2700 Another guideline that needs to be taken into account is that duration of wave 4 is often longer than wave 2 so we can expect it to stretch into June 2024 (using Fib-Time) Hence the current correction may be just the first part (as wave W) of the overall complex shape of wave 4, and given the sharp and rapid movement, it is likely that we are observing a series of triple zig-zags, which fits into Regression Channel and may find support in the region of $3200 - $3300 Once the first part of wave 4 is over we may see a lengthy upward movement to the level of $4150 in wave X - 'dead cats bounce' so to speak And to finish the overall wave 4 another rapid drop in wave Y Fundamental indicators: : US Consumer Confidence - in the all time low US CPI - no signs of reversal and jumped to 8.5% in May US Jobless Claims - rising again since March 2022 US Interest Rate - raised by 0.75 to 1.75% Following the latest hawkish Fed decision and the speech of Jerome Powell it was made for all to believe that it is still in control and got all the tools needed to fight inflation. This was conveyed through the plan to continue rising rates to 4% up until 2024. However, markets do not believe - 1) in the long sustainability of inflation as it is not monetary in nature but impacted by supply shock and 2) that rates are going to keep rising until 2024. All this is visible by analysing Eurodollar Futures Curve (curtesy of Alhambra Investments research and specifically Jeff Snider). The latest curve shows rapid growth of Libor rate to 4% until December 2022, followed by flattening in March 2023 and inversion all the way into 2026. This means that global financial market is expecting worsening of the economic conditions and reduction of rates sometime in the beginning of 2023. And if this happens as per the market expectations, S&P500 is most likely going to enjoy the loosening of Fed restrictive monetary policy as reflected in the graph of the proposed scenario and start of bull run albeit a very short one. What do you think about S&P500 and its prospects? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks Educational post on the theory of Ending Diagonals:
SP:SPXShort
by vitalalyt