New target shown, based on patterns showing and more context
I was originally hoping this was a WXY completed pattern, but I'm only seeing a 3 swing move to create another Wave A instead of a 5 swing indicative of an impulse move. Because of this I'm thinking we're beginning Wave C of X2 of a WXYXZ pattern. This is in line with what I believe will occur for BTC as well. We'll be looking for a 1:1 here compared to the Wave A...
Looking at the move from the recent low, it shaped up to look like a leading diagonal. The typical overthrow of the 5th wave with a contracting diagonal has shown. I'm expecting a retrace to the zone marked between 2.65 and 2.57. This is also a great support range for this coin. This could potentially also be the C wave of a Zigzag heading downwards, although the...
I see a completed share triple zig zag for the beginning of Wave 3 seen here: The Wave 3 target aligns perfectly with the cup and handle/inverted h&s target
See pictured.. 8.65 risk/reward ratio Buy in around .00900-.00915 Stop Loss around 870. The formation can't stand if it drops below x1 end point of ~.00810. You can accept additional risk by putting your stop loss near that level if you would like. First Target .012. Will be reassessing target based on the Wave A up. Wave A up should hit around .0103 before...
This must be a multi-zig zag corrective setup. X1 retraces perfectly to the .50 of Wave W. The C waves are hitting fib levels of the As.. it looks promising. The question currently is whether a double or triple zig zag is completed, and what that means for the larger count. The previous move before this seems to be a sideways double combo which could potentiall...
I see a work on the 3 wave for this TF. This could be the Wave 1 of the larger Wave 3 if we are going to see a huge extension, but wayyy to early to tell: This coin has decent names in their sponsorship and investors, but low Market Value so far at ~16.5m. www.contentos.io With a high point of $.05.. this thing has a lot of retracement space
My count of COSUSDT so far. It's hitting some golden zones and working within channels. This is a huge 3 ext if I'm right. We have this working off a cup and handle in the larger pictures as well
This seems to be very to the books. The larger (Yellow Count) wave 1 extension from the larger 2 (yellow) puts us in the blue range of 1.161 -1.165 for wave 5 of the lower level (green count). This range is also consistent with the 0-3 extension level of .618 from the 4 of the green count. This is also right in line with the trend from the larger daily. Wave 5...
Rookie at EW counts. One of my first ideas. Let me know what you think.
TRXUSD is showing a clear 5 waves up for wave 1 and 3. We now have an ABCDE correction for Wave 4. Judging off the 61.8% extension past the impulse so far to end wave 3, we could be looking at .14 - .15. There is also, what looks to be, a cup and handle forming on the larger chart which I can't pull up on TV. Target for this cup and handle is more around...
Might be a stretch, but we could be finishing wave 2. I'm learning, don't be a d*** :)
Soon, we'll be able to see if micro wave 2 is complete by breaking 19,975ish levels. If this is broken, we can assume we are on micro wave 3 of primary wave 5. The fib retracement is of primary wave 3, which shows a perfect 61.8% retracement for primary wave 4, which lead to the current wave 5. This is not trading advice. I am a beginner and would like to hear...
In most cases, these patterns result in a reversal of the pattern. Here's what I'm seeing from LTC. I'm planning to sell in the yellow circle area and wait to see what happens from there. If it breaks and closes upward, I'll buy back into position depending on indicators, etc. If not, you can expect it to drop to the 150 range. This drop is measured by the...