Get started

Elliottwaveanalyis

XP. Brazilian brokerage leader.XP Inc. is a Brazilian brokerage and dealer company. It is one of the seven largest companies in the country with a capitalization of $16.8B. It is the leading low-cost financial services company in Brazil. XP Inc. gives clients access to a wide range of financial products, including fixed income securities, mutual funds and hedge funds, pension plans and life insurance, generates a large amount of media content and develops technology solutions to support its cloud and mobile applications. The Brazilian financial market is not very developed, most of it is made up of conservative banks with inefficient financial instruments. In such circumstances, the activities of XP Inc. can be called revolutionary on a national scale. At first glance, XP Inc. is at the peak of the current investment promotion trend. ➡️ The entire movement since March 2020 visually looks like an impulse and a correction to it. The structure of the initial growth is ambiguous, and the corrective movement in wave 2 (or B) is technically decomposed into a plane. In December 2021, the decline in wave {c} reached the level of $27.5 , stopping at it with a slight flat. At the start of 2022, we saw a false breakout of this level and a return to the top with the update of the last peak (iv)of{c} and the potential for the end of the downtrend. It is worth noting that in the area of the indicated level of $27.5 there are: 1️⃣ Corrective Fibo level 0.5 of wave 1. 2️⃣ Projection Fibo level 1.618 for wave {c}of2. 3️⃣ Strong volume zone $22-28 within the ascending wave 1. 4️⃣ The lower border of the descending pitchfork. 📌 Growth in January is like a expanding diagonal. I see a good opportunity to buy on a rollback to the area of $27-$29 . 📈 If this movement is an ABC zigzag, as a minimum target for further growth, I note the maximum level of the stock at $52 - $53 , which the price has already touched three times over the past years. If this is a start of a new impulse and we have leading waves 1-2 in front of us, then the adequate growth potential in wave 3 is at $90 , but it may turn out to be noticeably higher - the following projection levels: $120 , $142 and $190 . ➖ In theory, wave {c} may become more complicated or my initial counting may not be confirmed, then the fall will continue. Cancellation of the current scenario when the price goes below $25.5 .
NASDAQ:XPLong
by Dmitrii_Kachalov
11
ELLIOTT WAVES and REAL CHART RUNE ANALYSISElliott Wave Theory Interpretation The Elliott Wave Theory is interpreted as follows: Five waves move in the direction of the main trend, followed by three waves in a correction (totaling a 5-3 move). This 5-3 move then becomes two subdivisions of the next higher wave move. The underlying 5-3 pattern remains constant, though the time span of each wave may vary. Let's have a look at the following chart made up of eight waves (five net up and three net down) labeled 1, 2, 3, 4, 5, A, B, and C. Waves 1, 2, 3, 4 and 5 form an impulse, and waves A, B and C form a correction. The five-wave impulse, in turn, forms wave 1 at the next-largest degree, and the three-wave correction forms wave 2 at the next-largest degree. The corrective wave normally has three distinct price movements – two in the direction of the main correction (A and C) and one against it (B). Waves 2 and 4 in the above picture are corrections. These waves typically have the following structure: Wave Degrees Elliott identified nine degrees of waves, which he labeled as follows, from largest to smallest: [ *]Grand Super Cycle Super Cycle Cycle Primary Intermediate Minor Minute Minuette Sub-Minuette
Education
by NiccoFx
LONG BNBUSDT | Elliott Wave Impulsive Technical Analysis As you see in the chart, we could now enter in the 5th wave, the last Wave of the Elliott Impulsive Pattern. It offers us a long position. Even if the price rebounded just bellow the Fibonacci 0.618, I place the target profit at 1.382 to higher probability to make profit. Entry Price: 532.5$ Target Profit: 774.6$ Stop Loss: 463.9$ Ratio Risk / Reward: 3.53 Potential Profit: 45.46% Fundamental Analysis Each Quarter, Binance burn a significant amount of BNB that increases the value of its token. This next burnt will occur in this month (January). However, we need to take into consideration that cryptocurrencies are currently uncertain and we should take a look at the Bitcoin price too. Indeed, if BTC breaks, it will bring other cryptocurrencies down too. Market Capitalization BNB: 3rd I am also curious to earing your opinion too. Should you feel that this analysis helps you, feel free to leave a like, and I wish you a good day!
Long
by chuplein
4
USDJPY Elliot wave trend has shifted from up to downUSDJPY found a top in November from a wave going back to the beginning of 2021. The rise from January 2021 was an ((a))-((b))-((c))- zigzag pattern. The ((b))-wave of the zigzag was a triangle pattern. From there, the ((c))-wave busted higher with wave (v) of ((c)) taking the shape of an ending diagonal. The uptrend culminated into a final wave of multiple degrees of trend into November 2021. As a result, several weeks of down waves will continue and likely carry USDJPY below 110. There is a possibility this downtrend may carry to 105 eventually, but it doesn't have to.
Short
by JWagnerFXTrader
FTSE Another Leg Lower is Expected To Take PlaceShort-term Elliott wave view in FTSE suggests that the rally to 7404.31 high ended wave ((1)). Down from there, the index is doing a pullback in wave ((2)) to correct the cycle from the 10/28/2020 low before the upside resume. The internals of that pullback is unfolding as Elliott wave zigzag structure where initial decline to 7198.76 low ended wave 1. Then wave 2 ended at 7311.94 high, wave 3 ended at 7044.3 low. Wave 4 bounce ended at 7161.91 high and wave 5 ended at 6989.66 low thus ended the first leg in wave (A). Up from there, the index made a short-term bounce in wave (B). The internals of that bounce also unfolded as a lesser degree zigzag structure where wave A ended at 7182.01 high. Wave B ended at 7083.21 low and wave C ended at 7378.92 high. Near-term, as far as bounces fail below 7378.92 high and more importantly below 7404.31 high the index is now expected to start the (C) leg lower. And expected to see more downside towards 6966.22- 6710.86 100%-161.8% Fibonacci extension area of (A)-(B). From there, the next leg higher is expected to take place or should produce a 3 wave bounce at least. Alternatively, if it breaks higher then the index might have done a running flat correction from the August peak.
TVC:UKX
by Elliottwave-Forecast
BTC educational EWHello everyone. I know we are all fearing a drop, bear market etc...However, I am here to tell you that we are bullish, so be calm and take some time off until things start moving again. Although I am receiving messages full of hate and criticism, I am still strongly bullish, and I will perpetuate my belief until proven otherwise. Here is an educational chart to show you some of my knowledge applied thoroughly to the chart. When I look at the chart, I base my first analysis using Elliott Wave Theory, and then I combine a long list of techniques, as you can appreciate from all my previous ideas. This can be confusing as many traders use simple strategies such as MA, Divergences, S/R etc. However, my philosophy is that markets are not simple, and they are the result of many intrinsic small actions, psychology etc. So I use as many techniques as possible to capture the different actions at any one time. Here I am laying out the most valuable technique of all. Elliott Wave Theory. The chart is self-explanatory with the comments. If you have any questions, please feel free to comment. I was thinking to do a live stream soon explaining some techniques, and I would like your input. Please comment below if you would like me to do a live stream and let me know on which technique you would like me to do it. FOLLOW ME, SHARE, LIKE AND COMMENT.
Long
by CFcryptoTA
2
USDCAD Is Heading Lower In Wave (v) of CUSDCAD decline from wave B high is taking the shape of Elliott Wave five-wave impulse pattern. The corrective sequence within the impulsive decline follows the EW alternation guideline. Wave (ii) was a sharp correction that retraced 61.8% of wave (i) and wave (iv) is a complex correction and has retraced 38.2% of wave (iii). Price is expected to head lower in wave (v) to complete the five-wave sequence in wave C. Other Confluences: - Price is retesting daily bearish order block (supply zone) - Price is rejecting daily 50 EMA as dynamic support (not shown on chart) - Doji at the supply zone What's your view on USDCAD? Let me know in the comment. Thanks.
Short
by Veejahbee
Trading Chaos Part 5 | CorrectionsHello, everyone! Last time we considered the Elliott waves 1-2-3-4-5 cycle. Today we are going to talk about correction types. Corrections contains of 3 waves A-B-C. Bill Williams recommends to trade only Simple Zigzag corrections, but we also should be able to distinguish other types of corrections. Let's go! Simple Zigzag Correction If you find that the corrective Wave A consists of 5 waves there is a high probability that current correction type is simple zigzag. If you decided to trade this correction, you should wait the Wave B end and execute the short trade. How to spot it's end? Find the target zone, usually it is between 50% and 62%, one of the three bars on the top should be the squat bar. Also you should find the fractal on the top.
Education
by Skyrexio
1
Trading Chaos Part 4 | Elliott WavesHello, everyone! Today we are going to spot the most important and challenging part of Trading Chaos by Bill Williams(BW) – the Elliott waves. This analysis is the most efficient in combination with other techniques of Trading Chaos. Market always moves with the waves and BW developed the conception which eliminate the uncertainty of Elliott Waves. In this article we will consider every wave and explain how to spot their target areas. First of all we need to understand the 5 “magic bullets” which kill the trend. They are: Divergence with the Oscillator Target zone The squat bar at the one of three top bars Fractal at the top Momentum change Today we are goin to consider only the target zone. Other tools we will reveal in the next articles about Trading Chaos. How to spot Wave 1 start? Research the last wave from the previous trend. This should be wave 5 or c. This last wave have the typical structure of waves with less scale. You can use the technique for Wave 5 end defining to spot when trend is finished. How to spot Wave 1 end? Search the 5-waves structure inside the Wave 1. You also should spot the 5-th wave end. Use the 5 “magic bullets” which usually kill the trend.
BITSTAMP:BTCUSDEducation
by Skyrexio
2