ElliottWaveBelgium

ElliottWaveBelgium Updated 

If price goes below 81.63, we need to adjust our view

ElliottWaveBelgium Updated 

Looking for price to go up to 8.7 as first target. Time Fib and Fib projection (extension) perfectly align around 8.48 and indicate the bottom is in place. Any move below 8.40 invalidates the count but you can stop if price comes below 8.46.

ElliottWaveBelgium Updated 

We should have finished a 3 wave correction for larger degree wave B and should now look for higher prices for wave C. This push higher can be counted as a 5waves move, maybe wave 1 of larger degree. We should now be in a flat ABC correction for wave 2. Once wave C of 2 is in place around the 50%-61.8% ideally, look to buy and go after 3.0 The count gets...

ElliottWaveBelgium Updated 

Look at my other Tesla posts for the bigger picture. Here we got a 5 waves move up as wave 1 with now a big correction for wave 2. If this count is correct, then there souldn't be a new low.

ElliottWaveBelgium Updated 

This pair has made a 3 waves move down with a somewhat nice move up now which could be wave 1 of a large impulsive wave up. There is still an unfilled gap around 124.30 so expect price to go down fill it first before rallying. That will be a good entry point. This count gets invalidated if price moves below 123.63.

ElliottWaveBelgium Updated 

We should be in a ABC correction, currently in last moments of wave (c) of higher degree wave ((b)). I expect one more push lower to the 78.6% retracement level which should act as support. If price goes below wave ((a)) low, the count gets negated and most probably the ABC correction ended at 1.5230 with a very small wave C. Setup : Pending long @ 1.4950x -...

ElliottWaveBelgium Updated 

We have a clear ABC move down with a sharp move up This means higher prices are to come here!!! This count gets negated if price falls below the invalidation level!

ElliottWaveBelgium Updated 

We are in a Triangle formation and we should very soon see price go down for wave E. We should ideally see a 3 waves decline. Note that wave E sometimes is quite small so that it doesn't have to touch the lower trend line. This count gets negated if price goes above wave B and below wave A.

ElliottWaveBelgium Updated 

We should be in this wave 2 playing out as a Flat correction with wave B being a complex WXY correction. We can also see strong divergence which indicates price will go lower. There was a gap around 3500 and price has a tendency to fill those, therefore, look for it as a potential support and buy zone. This count gets invalidated if it goes below 3300. How to...

ElliottWaveBelgium Updated 

We should be in wave 1 of 3 of 3 of C/3. This is the best moment to take this trade if you are not in yet. Invalidation level is at 108.70 but you can place a more conservative Stop at 109.90

ElliottWaveBelgium Updated 

We are in an ending diagonal for wave C. There should be resistance from around 61.30 to 63.10. Once this pattern ends, expect price to fall hard down to at least the beginning of this pattern. Don't start shorting just yet, wait for price to start to slow down at the resistance zone, also look out for bearish divergence first.

ElliottWaveBelgium Updated 

We got an impulse down followed by a correction higher, meaning lower prices are coming. Price is currently testing the 78.6% Fib level, if it holds, we should see an impulsive wave to the downside. This count gets invalidated if goes above 1.3470

ElliottWaveBelgium Updated 

We are currrently in last wave C of larger degree wave B so we should see a push higher once this ends. We now might have completed wave 3 and are currently in a corrective wave 4. After one more push lower for wave 5, where support might be found around 110.00, we can look to buy towards 114 as first target.

ElliottWaveBelgium Updated 

We got a nice rally yesterday thanks to the FED, Price is currently retracing back that move, taking out all those who went long on that rally. We need to wait for this pullback to end, which can find support at previous wave (iv) and descending upper channel line We also have the 38.2% & 50.0% Fib retracement levels there. It might go a bit lower but as long as...

ElliottWaveBelgium Updated 

We are in the last leg of this bullish Triangle pattern and after one more push lower we can start to buy. The count gets invalidated if prices goes below wave ((a)).

ElliottWaveBelgium Updated 

We have been in a Triangle that has been lasting for more than a year. We could finally see the end of it! We might see one very small push lower but in the end I expect it to go up! This trade has a profit potential of 1:10 to 1:15 !!! Buy around 265 - 270, where wave C equals wave A. This trade is valid as long as we remain above 245!

ElliottWaveBelgium Updated 

We have been in a Triangle pattern for the last months and it came to an end on March 7 at 0.6744. We got a confirmation after price made a 5 waves rally to the upside followed by a 3 waves corrective move lower and now starting to go higher. We should now see price go higher to 7100 - 7300 as long as price remains above 6744!

ElliottWaveBelgium Updated 

We are in a potentail complex correction and should now see price go down to 1140 and possibly even lower. Invalidation is at last high.