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Zigzagpattern

OSK BTD off Symmetry SupportThis came to me in meditation, and this is a good thing, usually. The chart is ugly with no great trend, but this is what I'm given. I do technicals and then a "reading" with my pendulum and cards. What I'm seeing: - weekly timing just counting bars, and it appears to be in a weekly timing window. - 200 EMA at $83.42, 50 week MA $82.45, weekly ATR trailing stop just above there and Symmetry support at $81.76 - I like the zig zag pattern down. - The "reading" indicates we expect to dip below last week's low ($83.62) and reverse. I feel good about the message and the way it lines up with the technicals. I'm looking for a 5% gain this week ($86.55 from entry) and then I'm out. - Entry ~ $82.43 near 50% retracement - Stop is a daily close below $81.76 (sym. support)
NYSE:OSKLong
by JenRz
1
ORBEX: EURGBP - Zig-Zag Can Be Expected To End Correcting LowerIt looks like the corrective minute wave y of the minor motive wave C of the corrective W,X,Y zig-zag pattern has a little more room to move further down. Wave y at 0.888 is also the 50% FR of minor B of the second A,B,C zig-zag at 0.8974 and the minute wave v at the market low of 0.8786. The correction could indeed end higher, near the golden ratio where another three-wave pattern wave can be expected. The invalidation level, however, would be above minor B at 0.8974 with the first signs of the invalidation appearing near minor A top at 0.8942. The current structure suggests that the confluence extension low of this market could reach the golden level near 0.8650, and even slide lower. In that event, the first stop would be the current market's low at 0.8786, then, the round 0.87. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Short
by Orbex
BTCUSD Elliot Wave Count - One final leg up?Hello everyone! This is my EW count on current BTC situation. I believe that we are currently at 4th wave of 12345 impulsive waves up. As you can see from the chart, BTC formed a perfect 3-3-5 zig zag correction(following all of the EW rules). "Double bottom" at 9100 levels were wave 1 and 2 (IMO), second bottom was actually little bit higher so it CAN be concidered as wave 2. Also, looking at the past, BTC had a lot of "wiered" wave 1-2 formations so till no proven otherwise this could be correct. FIBS: -Wave C of ABC(3-3-5) is exact 1:1 of wave A -Wave 3 of 12345 is exact 1.618 (very common level) of wave 1 INDICATORS -RSI and MACD still didn't form bearish div so according to this we can expect anoter "leg/wave" up So, what's next? -as I mentioned before, I believe we are currently in wave 4. As long as the price stays above 10700 levels this count is correct and we could see bounce up for final wave. Breaking 10700 would mean that this count is wrong because 10700 levels is wave 2 top and wave 4 can not bypass wave 2. Targets for wave 5 are up from previus high at 12400 area, 14100$ is 1:1 of wave 3 but I do not belive this is possible, my guess is that we could go up to 0.618 at around 13k. feel free to comment your views!
BITFINEX:BTCUSD
by dehumless
4