Visible Leading Diagonal implying downwards impulse could potentially hit new low around 0.87000
Oil will probably crash for whatever fundamental reason, in the coming years Technical perspective: Visible Leading Diagonal, implying that the impulse is towards the downside - as long as the invalidation is respected Diagonal would be Wave A, and Elliott Wave's basic retracement is A-B-C Hence, we should be anticipating a Wave C downwards soon
The bullish impulse from May 2016 formed an Expanding Leading Diagonal for Twitter. According to Elliott Wave Theory, this pattern (occurs as Wave 1 or Wave A) usually dictates the direction of impulse - in this case, to the upside. As long as we don't break below $13.70, all retracements are considered as Wave 2. Once Wave 2 completes, a more impulsive Wave 3...
Potential expanding Diagonal implying impulse is towards the downside, currently retracing - ideal level to short w/ a clear invalidation level
Seems like we have a Leading Diagonal visible on the 2-hour / 4-hour timeframe, implying that impulse is towards the downside Higher timeframe aspect, we might be heading down to complete a Wave C Ending Diagonal Target would ideally be the lower Trendline of Wave C Diagonal, but it could fall short as well Either way, it's likely we see a new low beyond the...
Seems like we've broken out of the Leading Diagonal or Ending Diagonal trend line Reasonable Long position to expect a retracement (to the upside) to fair value at around 0.5 Fibonacci Retracement, as Wave B or Wave 2
SLP has formed a potential Leading Diagonal, implying that impulse is now towards the upside Currently retracing as Subwave 2, and is worth opening a Long position w/ the Stop Loss intact
Bullish count: This diagonal represents Leading Diagonal entirely Bearish count: Diagonal was an Ending Diagonal, thus continuing impulse to the downside Either way, we've broken below the trendline of Diagonal - which is a good entry for short
Still expecting further upside if we can hold 1.24300 Leading Diagonal currently retracing, Flat Retracement seemed like a complex W-X-Y correction
Huge downtrend w/ potential Ending Diagonal - now finally broken Should be able to see a retrace to fair value at 0.5 Fibonacci Retracement
Seems like we've broken down from an Ending Diagonal - since this move upward was likely a Retracement, we could see further downside soon
Visible Leading Diagonal followed by a Flat Retracement (A-B-C) with Ending Diagonal being Subwave C Currently broken out of Diagonal, could continue further to the upside
Expanding Leading Diagonal implying potential impulse to the downside, currently retraced to a reasonable level to short
Lower timeframe formed a potential Expanding Leading Diagonal Currently retraced to a reasonable level to Long Either the Diagonal was Subwave A going up for Subwave C, or Subwave 1 of a HTF target/bias (up to 20R+) according to the Related Idea attached below
LOKA is current completing a Wave C (Expanding Diagonal) It could retrace to a fair value soon (0.5 fib)
Wave X Triangle upbreak - currently retracing As long as Stop Loss is obeyed, we could see further upside of at least 2-3R
As long as VeChain doesn't invalidate stop loss, it's very likely we will see an impulsive bull run (Wave 3) in the coming months
SLP probably has started a new impulse Imminent Wave 3 could see it hit around $0.067