ZigZag618

ZigZag618

This would be crazy, because I've only read that a truncated 5th wave is very rare. Could this be one? Idea is that we just completed a 5th wave that failed to break the top of wave 3. Stoch just crossed bearish, RSI turned down. Targeting the .382 fib of the overall move. What do you think? Best of luck in your trades!

ZigZag618 Updated 

Idea is that we are currently in wave 3 of 5. I believe this 3rd wave will extend to 1.618 of wave 1. I am coming to this trade late, but we do have confirmation that we've moved up past the top of wave 1. My SL is below that top, so right at a 2.5R if we move to the Wave 3 target of 111.649. Would love to hear your comments! Best of luck in your trades today!

ZigZag618 Updated 

I believe we just completed Wave 1 and are now working through Wave 2. I'll wait for price to retrace slightly to the 0.0002472 area, where I will buy with price action confirmation of support. I have wave 3 extending out to 1.618 of Wave 1. I absolutely love Elliott Wave , and fascinated so much by it. I'm studying hard - please let me know where you see my...

ZigZag618 Updated 

This is an alternate count to my previous idea - linked below. Extted this that because: W3 of 3 started out strong and if my idea was correct, it would have picked up strength. It reversed hard very early after modest gains, and failed to make a HH of W1. Stoch is crossed bearish, RSI turned down, and MACD turned down. I felt best to cut this trade as it appears...

ZigZag618

I believe we just completed an expanding flat. Wave B made a higher high, and wave c made a lower low. If the idea is correct, we will now start impulse wave 1 and progress higher. Invalidation is price drop below wave C. Thanks for looking!!

ZigZag618 Updated 

Iota has been consolidating for two months in a sideways range. It recently saw HH for first time in 3 mo! Price just solidly tested new support zone, which had confluence with .618 retracement and .5 extension. believe this is w3 of 3 and will extend to 2.68, which has strong confluence with the recent top. Stoch is turning up, RSI is strong at 60 and turning...

ZigZag618 Updated 

FIRST Post!! I believe we've completed wave 5 and are in an overall A corrective wave now. The high of wave 5 was a bearish divergence on stoch and RSI. My timing was not the best entry - I got short on wave C of A, but feel that our pull back for wave B will be to around .236. So you could wait until then to enter... My target is the .382, which has confluence...

ZigZag618 Updated 

Entry is .236 of wave 3. That price area has confluence with wave 3 of 3. Price recently came down and reversed on a bullish pin bar. Stoch just crossed up, and macd is turning up. I expect price to go up now for wave B and reverse around the .236. Target is .618 but price very well could go over lower than the .65. I am studying and learning Elliot Wave and...