4 hour timeframe analysis using Elliott wave analysis.
This is the weekly timeframe chart of LTCUSD. currently, we are on the correction phase. wave 4 will guide us to ride on 5th wave. Important levels: 41.6484.50,247.00,413.91
USDJPY: Daily Timeframe Analysis I will upload a small timeframe analysis very soon.
The triangle is to be composed of 5 waves.(A,B,C,D,E) In which wave D is creating sub waves. The end point of wave D will be the starting point of wave E. E wave is the end point of the triangle. The E wave is the end point of the triangle from which the price will move upwards with great force. alternation: If this is not a triangle then wave 5 started from the...
61.8% Retracement wave 4 at 27011 expected Alternative: ((A)) is completed, waiting for ((B))?
There is not still any clue but the price might can start the move for wave iii. Let's look for a lower timeFrame.
The risk and Reward ratio is very for the short seller on USDCAD TF - D
The Triangle has developed into Wave-iv. Therefore, we can assume downward move in progress. By the using lower TF (1hrs) , we can determine exact trading entry, exit and target. Shortly, I will upload the chart of 1hrs.
Best of Luck 4h - TF: D - TF:
Let's move more to a lower timeFrame for determining what's going on. 1D - TF:
0.74666 below, extended wave (Y) = 100% of (W) expected T1 at 067909 Retracement 50% at T2- 0.66043 and, 61.8% at T3- 064007 of Wave (2). Risk & Reward = 1:3.5 Let's move on 4hrs timeframe to get closer to trading levels.
The scenario 1 is clear visuable on the chart but scenario is against the direction of scenario 1 for short term only. Suppose to wave 2 is not completed.
The Issue in globle market perspective. The breath - 1.2061 If the price can not substain above 1.2061, then we can see continue fall. After corrective pattern of triangle, we are seeing fall. The expected wave v is eqaully to the wave i.
Everything are written on chart. The chart having basic of Elliott Wave principle, for taking action we have to work on advance calculation.
For the more accurate trade setup, we've move on 30 min chart pattern.
You can easy to understand the above chart. thank you. Look at my recent update chart on bitcoin: There're many worked by me.
Bitcoin(New High) & the price still push upward...! Above the, 41108 i am not thinking about bearish anymore. Do you remember that I already predicted this price trend in last update? If you had like that posted idea you could alert. you can also check where can i publish that idea: Check our 2nd Feb 2021