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Eliottwavetheory

INJ Neowave - Elliott Wave Theory Analysis (Daily - Medium Term)INJ is performing very well in 2023. The waves are quite similar in price, there is a possibility that the structure could be diametric. In this case, I would say that $13 is a very good level in terms of costing. The point to watch out for is the possibility of the structure turning into a symmetrical structure because in this case it should touch the 'dashed' trend support so that we can see waves 'H' and 'I' in the continuation of the trend. This could also be the opportunity of the year. Nevertheless, we will discuss this situation in the weekly updates. I will update the analysis on Mondays and have a profitable day.
by up_neowave
The number 13 brings me good luckGreetings to everyone; Finally, I saw that 13 people followed and to celebrate this, I decided to update the post when I received transactions in the coming days. Normally I aim for 5rr per week in my own system, but maybe we can be more lucky :) Data will come from Europe first this morning. Then there is the retail sales data set on the US side. In my analysis, I think the expectations support us. My target for the EURUSD parity in the short term is still higher levels. That's why we will use the possible declines tomorrow for a long position. I will make a warning update a few minutes before taking action. When I receive a transaction, I will try to write as soon as possible. As the likes and follows increase, I plan to share different things. Good luck...
Long
by ucanpehlivan
5
Basics of Elliott Wave TheoryWelcome to the world of Elliott Waves. If you appreciate our charts, give us a quick 💜💜 Elliott Wave Theory revolves around three key elements: Impulse waves (in the direction of the trend) Corrective waves (against the trend) Wave degrees Impulse waves consist of five sub-waves, while corrective waves comprise three. These waves form cycles, representing market psychology in action. Key Rules of Elliott Waves Wave 2 cannot retrace beyond the starting point of wave 1. Wave 3 must be longer than both wave 1 and wave 5. Wave 4 cannot exceed the end point of wave 1. Elliott Waves and Fibonacci Retracement Incorporating Fibonacci retracement levels refines Elliott Wave analysis. The fourth wave often hovers between 23.6%, 38.2% and 50%, while correction waves C often unfold within the 50% to 61.8% range. Elliott Waves as Guides, Not Guarantees It’s crucial to view tools like Elliott Wave Theory as guiding lights, not crystal balls. While they don’t assure foolproof predictions, they offer a framework to decipher market cycles. As patterns repeat, understanding market psychology becomes the trader’s edge.
Education
by Vestinda
2
Get Ready for a Golden Ride! Buy Signal on Gold Daily Chart 📈The bullish setup on Gold is sparking excitement as price follows a clear Elliott Wave pattern. With the fourth point of the wave in place, it's time to buckle up for the next wave, which could potentially take us to around the 2200 mark. Adding to the bullish sentiment, Gold has been oscillating within an ascending channel in recent weeks, providing further confirmation for this setup. Notably, the RSI indicator is signaling an oversold condition while maintaining an overall uptrend, suggesting an impending bullish impulse. Let's ride the wave and make the most of this glittering market trend! Feel free to share your toughts in the comments section, follow me for updates and dont forget to press the like button if you think this insight was helpful✨🚀💰
TVC:GOLD
by Thomas_Zito
6
omg network with a clear five waves up cryptocurrencies have been bullish lately and many rumors as usual circulating on the web, however on this chart we can see an impulse of 5 waves followed by an expanded flat which lands on 78.6% fibonacci ret , then have another impulse wave began on March 11, 2023, which confirms 5 wave up of something comming up. it could be the start of a third wave as it could be C wave,overall we have to wait to see if it is a large ABC corrective move or we are indeed in an upcoming bullrun...
KRAKEN:OMGUSDLong
by IntraFinance
BTC EW correction analysis: Bear variantThis count presumes that the entire move to 69k was a B wave. Which would explain why there was such an unclear wave 1 in the previously named wave 5. We should expect a counter-trend move heading to the 0.382 of wave 3 which would overthrow the A wave slightly. BE AWARE OF THIS TRAP! After that we should proceed lower with very strong momentum to finish the wave 5. Note that there has not been an extension in the 3...! TLDR There's a strong possibility that we have a short bull trend breaking 25k high slightly before resuming down Bull variant will follow soon.
COINBASE:BTCUSDShort
by Gojira-san
2
How to define the end of a correction based on time - EWHi EW Fans, made you a CheatSheet how to define the end of a correction based on time. If you are sure about the start of a wave/impulse you can very easy define a possible time "vector" for the end of the correction. Start of the impulse = Zero Top of the impulse = 0.382 End of the correction at the common Fib numbers: 0.681/0.65; 0.89; 1; 1.272; 1.618 and so on. If you combine it with a Fibonacci Retracement Tool (LogScale) you are able to define a price and time "vector" for a possible reversal or for the next impulse/wave. Greetings
BITSTAMP:BTCUSDEducation
by UnknownUnicorn39812589
2