Alpha_54321

Alpha_54321 Updated 

Price is way over the Value area and should retrace down at least to the Value area high level and the 0.5 fib and possibly deeper to touch the POC level and the 0.786 -0.86 fib0 . then it should resume the up trend rally . pls refer to "BTCUSDT CONTRACTION PHASE" idea to see the 3 important downtrend trendlines. watch out for the area with red arrows (they are...

Alpha_54321

GBPUSD Wave 5 of 5 is not yet completed and will probably reach 0.618. Until we see a divergence between the EWO and price (wave 3 peak to wave 5 peak), wave 5 is considered not yet completed . Once wave 5 of 5 is completed, an ABC correction will start and the price should break 1.37668 down WAVE 5 is usually = wave 1 or 0.618 or 0.38 of wave 1-3 Wave 5...

Alpha_54321

Price is losing momentum on the downside and a possible breakout upside is coming . Wave 4 will probably be a complex correction form and will take sometime to complete. Breaking 10.373 down will invalidate this scenario . Good Luck

Alpha_54321 Updated 

BTCUSDT Possible 5 Way Down $$$$. I usually enter once wave b of abc is broken on longer time frame ,but in this in and out i do enter at the 0.886 fib and my stop loss is at wave 2 high. With good RR you will make good money catching wave 3 . breaking 39800 up will invalidate this scenario. Good Luck

Alpha_54321 Updated 

This chart is only for day trading. ABC correction in place and the price will probably dip down at least to the previous wave 4 level. Breaking 34800 up will invalidate this scenario . Good Luck

Alpha_54321 Updated 

Possible Wave A of ABC on 15m chart . please refer to my 2h chart . Note assuming wave 2 is completed but if we break 34600 up then this scenario will still be valid but the target level will need to be adjusted accordingly . Usually wave 2 is confirmed completion once price breaks below b of wave 2 but i made this idea early to try and catch wave 3 and make...

Alpha_54321

Short Term EURUSD Wave 4 Scenario Good Luck

Alpha_54321

The price broke the orange trendline but will probably retrace down at least to the 0.5 and possible deeper to the 0.886 fib level, but it will recover quickly and close above the yellow trendline. The price tested the POC 23 time since May 19 and it acts as a strong resistance and support level and the price will probably test again . Since May 19 2021...

Alpha_54321 Updated 

The price is currently outside the 70% Value area and will probably go up at least to the Value area low level. later on, the price will probably re-test the red POC level and close above the down trend . The positive RSi divergence already helped push the price higher and helped starting the up momentum but it is still weak. This is still a Neutral scenario....

Alpha_54321

Possible scenario that suggest the completion of the 5 wave down . the divergence on RSI is a sign that wave 5 of A might be completed . price needs to break 41330 to confirm completion . Usually Wave 5 = wave 1, or 0.618, or 0.382 x the net of waves 1 thru 3 if the price breaks below 28805, then wave 5 of A is not yet completed . if this scenario is correct...

Alpha_54321 Updated 

BTCUSDT might have broken a major daily trend line and the next 3 days price close will determine if the price is going lower to next fibo levels .

Alpha_54321

This is a second elliot wave scenario based on a daily wave count . I tried to keep clean and simple. Please note this is a price projection only. Good luck

Alpha_54321 Updated 

Wave A of ABC correction ( WAVE 4) in progress and should be completed once the price break 41330.