


Fractical
EssentialIt seems the wave 4 Expanding Flat correction idea (previous post) played out well with our fib time and price targets! Always a good thing to have the right look in your wave count, fib time and price projections paired with the Elliott Wave rules and guidelines... its a whole other feel to my trading psychology and it gives me more confidence in the end....
Zooming in on the 3min TF the Target for completion of wave C of regular flat (White wave 2 retracement) will be 0.4888. Looking to reverse lower at this level to complete the white impulse down for wave C of larger degree Expanding Flat (See earlier post for HTF count)
Short term outlook is bearish as we are looking to complete an expanding flat to the downside. Wave B neared it invalidation, but reversed down. Lets see if the bears can push it down to the 0.5 Fib Target, soft target is the 0.382 Fib. If volume increases this could be a third up, but we need the wave 4 at the moment, and wave B of the expanding flat is a clear 3...
🧙♂️I have an Elliott Wave count to share with you showing a super bullish Triple 1,2 in the 3rd wave of the Red impulse playing out. Meanwhile, we are currently in the third wave of the 5th wave of the Blue impulse, which contains in itself more nested waves in the form of a triple 1,2. Chart is shown on the 15 min TF, but I included a pic for viewing the LTF...
This is an update to my past 3 Arbitrum posts. Clear impulsive price action, highest volume, indicative of wave 3s/extended waves. Lots of extensions of subwaves going on in the middle of the sandwich ( 3rd wave of blue wave 3 ), Happy Trading. NOT FINANCIAL ADVICE "Markets can remain irrational longer than you can remain solvent" COINBASE:ARBUSD
Update! Subwave 3-3-3 confirmed. Expected continues grinding up as we complete the remaining wave 4,5-4,5 structures. Elliott Waves are so cool 😎
ARB according to my Elliott Wave Theory knowledge, is currently grinding up in a bullish impulse. Wave 4 retraced around 38%-50% .618 invalidation looking lonely, just how I like it 👌. Subwave 3 of 3 maybe complete as we seem to be building a triangle structure, indicative of a wave 4. Not financial advice!
Bearish wave 5 of impulse completed the Bearish Trend, now correcting to the upside in a zig zag structure, leg A & B complete, now for wave C im targeting the 1:1 of wave A. We will see if this remains a 3 wave structure, or if it runs into 5 waves it could be an A/W wave of a larger correction. I am still studying Elliott Waves so ahem, this is not financial advice!
This is my bullish elliott wave scenario for kaspa, currently beginning wave 3/3/5 of wave C so should be a nice ride up to clear our extreme of wave A at 0.12012. Conservative invalidation at the bottom of wave B 0.10159. THIS IS NOT FINANCIAL ADVICE. Its simply my opinion based on Elliott Wave Theory
KAS is currently completing wave 5 of the wave C Flat. Which would complete wave 4. Next is the 5 wave move down to complete the pink wave C of an Expanding Flat of a higher degree....after all that work, perhaps it will still be valid to call it B wave of flat of Primary degree is in! Gotta love fractals!! Not financial advice, my opinion.
Waiting for confluences to show wave 3 begin, and wave 2 finished. Highly doubt to see impulse to the upside over the holiday, although i dont see wave 2 being too much longer. Being patient and waiting for the fireworks!
just a plot to show the structure of my wave count. i havent got a target in mind for w4 or w5 yet, let alone the current w3 haha. will update with the invalidations. Alt count, still bullish. Just different sideways correction count. BINANCE:ILVUSDT