DOW JONES CONTINUES BEARExpanding Diagonal of Wave A, minor uptrend since September 2021, in my perspective was Wave B.
Elliottwavecorrection
TIPH | Elliott Wave - Wave 4 Uptrend Target or A Bull Trap? Price action and chart pattern trading - A possible bull trap false breakout SMA200D
> The price strong breakout last week could be forming an inverse head & shoulders pattern for a possible 4-wave correction uptrend
> Wait for a pullback to complete the right shoulder consolidation pattern.
> Entry : breakout - right shoulder after pullback consolidation
> Target: Upper resistance +10-15% (0.382 - 0.5 Fibonacci retracement zone)
> Stop: right shoulder support - 4%
> Risk Reward Ratio: 2:1
Always trade with affordable risk and respect your stoploss
Good Luck
BTC ZigZag Confirmation pendingLong term zigzag is about to be confirmed within the next month. We need a higher low, followed by a break of the local high to confirm this thesis.
XAUUSD FORECASTMy previous forecast on XAUUSD was bearish continuation and looking for Lower Low, this is an alternative for Bull Run, key level on lower timeframe by using Andrew's Pitchfork was 1914 then 1860.
Trade safe, Everyone!
TATA MOTORS - DROP FOR GOOD? - ELLIOTT WAVE ANALYSISTATA MOTORS : seems like a bearish triangle formation. Stick to the stoploss and target.
This is just an educational view of Elliott Wave Analysis. Kindly do your own analysis before taking the trade.
-Happy Trading :)
Correction until March and then Bottom 6.25kI think we haven’t reached the EW bottom from the all time high but due to this quick spike we are in a bull trap correction. This is how I see it playing out before ultimately coming back down to possibly 6.25k. My next level up is around 26,5
ETHUSD analsis ( Traditional Elliotte Wave ) This is my personal view using the traditional Elliotwave (TEW) for ETHUSD #TEWave
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This is not a trading recommendation
I just do my hobby..
If you buy or sell based on what is posted here
That's your responsibility .
USD/CAD Ending diagonal [UPDATE]we had a previous analysis stating that we are currently in a triangle or triple combo correction, but after a review and suggesting different scenarios to the same chart we can also have a different reading, and honestly this is more accepted than the previous one, right now i'm not sure if wave 3 has ended and price is making wave 4 but patience is a vertue when trading waves
Depth of corrective waves. Elliott Wave.Elliott Wave Guidelines:
Depth of Corrective Waves
Understanding Elliott Waves is much more then the basic rules and 3s and 5s. A largely underused aspect of Elliott Waves is the Elliott Wave Guidelines. These go beyond the guidelines for each specific pattern and are meant to assist in determining the most probabilistic wave pattern. This is just the primary guideline of this larger Elliott Wave guideline.
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USDJPY H4 Potential Bullish TradeOANDA:USDJPY
Looking at USDJPY H4 sittigg at support zone.
Will the market react to our humble analysis?
DISCLAIMER
Charts are educational, not investment recommendations
BTC Elliott WXYSo btc finally showed us the X wave
Just Sharing...
Macro look:
weeks to show us the X wave, as I see it, right now we are on the Y wave, this wave might take same time than the W wave (7 months-ich) or even longer
the nature of a wxy correction is complex,
W wave was an easy ABC correction,
X wave was a little more complex,
Then the Y wave is the complex one, so we might not see and easy ABC here.
(I've seen this complex corrections before it can stay into a little range for a long time and then drop heavely)
Right now:
Building wave 1 of Y, we can se range here on wave 4, waitting to drop a little more, maybe to dashed line to finish wave one.
then we would see btc going up building and abc, this would be wave 2.
Remember, wave 2 cannot go further than the begining of wave 1, so invalidation for this scenery is the red line.
Dow Jones Incomplete Bearish Sequence It can observed from the chart of Dow Jones Industrial Average Index we are in the mid of the correction happening right now.
The Elliott wave sequence are as mentioned below:
1. We made an internal WXY in miner degree.
2. We have completed W-X wave of higher degree WXY.
3. We are in Y leg of the higher degree WXY.
4. Out 3 wave of Y leg we have completed A wave.
5. We are currently in B wave of abc of Y wave.
6. Invalidation level is mentioned on the chart.
Any doubt you may directly ask me on comment section.
This is not a trade recommendation but only a view.
Thank you.
Regards
US100-CORRECTIVE RALLY BEGINUS100-CORRECTIVE RALLY BEGIN:
It seems from the chart of US100, it has completed its A wave and the correction of A wave has begin.
It would correct in the 3 corrective move of the B wave.
It it goes below invalidation level before the corrective wave B then the counting will continue for down move.
Regards
USDCAD November 2022 correction? Indices at the moment are untradable for me so I looked into fx to see what can be expected there.
USD has been rallying for a while, it needs deeper correction at some point. If it happens, it will have plently of room to upside.
In terms of Elliot waves, three scenarios can be considered for The first scenario is to start the upward movement from now
In the second scenario, we can move up from now on, but in the future we will see weakness in the upward direction and we will move down again within 5 waves (flat correction pattern will be formed).
In the third scenario, we have to move down through 5 waves, of which 3 waves have been completed so far and we are now in wave 4. So we have to have another downward wave. The maximum amount of this decrease is up to the level of 14 thousand dollars.
Which scenario do you agree with?
Elliott wave ABC CORRECTION hi, i am new in Elliott wave.. i made some technical analysis on this Last few hours.. it's made 5 wave up and Corrections A finished, In B triangle.. C will be 5 wave down.. 167% from A ..
Nifty 50 Wave C Prediction (Expanded Flats)Based on my previous Nifty 50 charts this time I tried to explain more with texts and markers on chart. I hope it would help you to understand. This is just my prediction, It could be wrong anytime.
After wave A to B retracement which was almost 0.382 from the previous wave (Must mention that SGX Nifty was 17014 that day, exactly where I pointed out) now the wave C could be 1 to 1.414 (Between 17748 to 18031). But I would say wave C must be not more than 17900,
The yellow box is the sideways box. Dashed lines are all trend lines.
Hope you traders will like it. Thanks for viewing ":-)
Elliott Wave CheatSheet with Fibonacci Targets - LogScaleHi EW Fans,
added some interesting and helpful Fibonacci Numbers in Terms of Elliott Wave from an old Sheet i have found in the Web. You need to switch your Chart and your Fibonacci Tool to Log-Scale.
Greetings
BankNifty Elliott Wave AnalysisThe Banknifty index has been in a very complex correction for some weeks.As per my one of view the currecnt complex correction looks like Extended or Elongated Double Three pattern which will complete at 40071 or 39635 level as shown in the chart.
SP500 REVERSE TRIANGLESP500 completed one reverse triangle, propably as wave 4.
Now with the lower low is wave 5. If the price go up and break the top of wave 4 (reverse triangle),
then the price will continue to move up with targets 161,8% and 200% of Fibanacci.
Has the DXY topped out?DXY has been on an extended pump to the upside and is definitely getting exhausted in its wave 5. We have nearly hit the 1.618 fib at about 120.00. It does not have to go any higher and has done more than enough for a wave 5. If the wave 5 is over we could be looking at a retracement down in an ABC to 92.78 to 80.00. Obviously this will take months or years to retrace to this level.
LUNC Bullish or Bearish?Im not really sure about LUNC we have a clear impulse up and a corrective move down. However we kinda just reversed in the middle of nowhere. We did not hit the 0.786 fib or we didnt hit the 1.618 fib the length of wave A. Cant really see any support where we had a reversal. Wouldnt be surprised if we come back down to test either of these fibs. If your trading LUNC bearcareful :)
