Halbu

Halbu

I was testing TradeDevils favorite tool - Pitchfork on EOSUSD and I almost lost my hope this might work at all, but look how the targets were exactly on the lines here. 5th wave was so extended it even hit the external line

Halbu

It is so hard to do Elliot Wave analysis. So many rules and possibilities. Now I've put myself into this state of mind where I see 3waves structures everywhere. Corrections- of course. Wave A -> 3waves instead of 5. Wave C -> same thing.

Halbu

Here is my attempt to count the waves. I have hard time distinguishing where to apply 3 or 5waves yet - since C and A waves can consist 3 and 5waves. I see here that we may have completed the full ABC move but it is better to wait for some more confirmations like overbalance to enter a position here.

Halbu

We've hit 2.62 fib extention for the 5th wave so this is little bigger than I expected. Now since (3) is completed we need to retrace to a region above (1) and often between smaller III and IV wave (from the bigger (3) ). Since (2) was deep - we can assume (4) will hit 0.382-0.414 -> and it is also in the range of those smaller III and IV waves. After that we can...

Halbu

dax short, possible targets in green clusters

Halbu

We have a quite strong resistance area between 0.382 and 0.5 fib retracement of last swing high. Is the momentum right for such a small correction before we reach new highs?

Halbu

Assuming BTC won't retrace much more - here we are in a quite good spot to enter a long position. We still have some room to go. We also broke out from the big triangle and previous highs works now as a support.

Halbu

I measured some fib levels for the possible yellow wave and made some far fetched targets. It is highly unlikely since we face strng resistance between 2300 and 2500sat. It will be hard to break it with 1 attempt

Halbu

I'm hesitant here. 4 did already retrace in 1 teritory so this might not be accepted count. But there are some signs we might be not done yet. There is major support at around 400sat - also we can draw a support line from previous lows. Also this area is in line with 0.618 fib retracement of last move up(3rd wave). Or we could have finished 4th wave and we are in...

Halbu

We retraced only to 0.5 from the recent high. Now if we dig in into this second wave we made a deep retracement of around 0.786 so this makes an ''a''. Current point might look like a pivot point for ''b'' so we will have ''c'' which doesn't break above ''a''. If we make 1;1 extention A to C we reach exact 0.618-0.65 golden pocket of the whole up movement since...

Halbu Updated 

we could bounce off and reach for newer highs. Need to wait for BTC move though

Halbu Updated 

I will stick to my original plan that since the bottom we are correcting previous wave with an ABC correction. Now we are in the wave B and subwave c (green) is forming with a very impulsive 1st wave. If we use fib levels we get a cluster at 0.667(of wave A) and 1.618(of wave b) - around 7800. It's also very near one of the previous ATHs from november 2017 (7900)....

Halbu

15min timeframe

Halbu Updated 

This count for full wave A of ABC correction from the latest uptrend (from 5800). the 5th subwave isn't that clear yet. And it didn't touch 1.61 fib retracement from wave 1 to 3. But this may count. So did we start drawing B wave?