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XAU/USD Gold going DOWN until June 2023B wave count simple 5-3-5 zig zag to the 1.618 extension on low volume w/ bearish divergence at the $1703 top and we're expected to come down significantly. Its an internal retracement still correcting from all time highs so I'm looking at volume profile coming down from ATH. The point of control is around $1280 which led me to consider changing the pitchfork from original to schiff. As we know, price will at least tap the median line 80% of the time. This also coincides with a 50% fibonacci extension of A at $1265, the golden pocket 0.618-0.65 retrace of B at $1297-$1276. I know triangles are supposed to have 3-3-3-3-3 structure, but is it possible this forms a symmetrical triangle and we don't get a breakout until the latter half of the decade? I struggle with labeling and couldn't put a count on it but to me the first leg down looks like wxyxz. It looks like the initial move down from ATH could never be considered a 3 wave structure. Can someone share their count? This is not financial advice and please do your own research.
OANDA:XAUUSDShort
by Drunkmonk
1
KHC - Potential 5th Wave Long Swing Trading OpportunityUsing our Elliott Wave Indicator Suite for the TradingView Platform we have identified a potential Long 5th Wave Swing Trading Opportunity for KHC on the Daily time frame . The 5th wave move in an elliottwave sequence is the highest probability move. The wave 4 pull back has found support in the Amber zone of our probability pullback zones, which represents an 80% probability that our automated 5th wave target zone, in blue on the chart, will be hit. We see yellow dots formed in the overbought zone on our special False Breakout Stochastic indicator, which signals strong Bullish momentum. When, during a wave 4 pullback, the stochastic pulls back against these false break out dots and crosses in the oversold zone, there is a high probability the stocks price action will resume the overall bullish trend . We also measure the wave 4 behaviour with our Elliottwave oscillator, which has pulled back within our pre-determined zone. So overall we have identified, using our Elliott Wave Indicator suite for TradingView, a high probability long swing trading opportunity for KHC , Daily Time Frame , with the following entry strategy: Long entry through $31.63 Stop Loss $29.98 Target $34.50 Giving a Risk to Reward of 1:1.6 Learn more about our Tradingview indicator suites by watching the video tours >>HERE<<
NASDAQ:KHCLong
by xBratSoftwareSolutions
Potential longer Term 5th Wave Long on $BRKR Using our Elliott Wave Indicator Suite we have identified a longer term 5th wave long using the weekly time frame for the BRKR Stock. The Wave 4 Pull back has found great support in our Amber Pullback zones, giving an 80% probability that price will hit our automated 5th Wave target zone (highlighted in blue on the chart). Entry Stop Loss and Target Prices easy to view on the chart The Wave 4 behaviour is also good where we measure our Elliott Wave Oscillator pullback within our 90/140% zone. We also see that the Wave 4 pulled back against our false breakout dots on our special stochastic. The False breakout dots denote a strong Bullish trend and so when a Wave 4 pulls back against these and cross in the opposing over sold zone, then there is a strong probability the stochastic will return to its overbought zone and strong Bullish Trend. This type of move on the weekly timeframe could take anywhere from 7 to 15 weeks, so this is a great investing opportunity. Find out more about our Elliott Wave Indicator Suite for TradingView >>>HERE<<<
NASDAQ:BRKRLong
by xBratSoftwareSolutions
KR Potential Long 5th Wave Swing Trading OpportunityUsing our Elliott Wave Indicator Suite for the TradingView platform we have identified a potential Long Swing Trading opportunity for KR on the Daily timeframe. Wave 4 pull back has found support in our Amber pullback zone, which represent an 80% probability of our automated 5th wave target zone at $27.75 being hit. The Stochastic has crossed in the oversold zone against false breakout dots in overbought zone and Elliott Wave Oscillator has just moved below 90%. These three combined present a high probability move for this potential long swing trading opportunity. Entry and Stop loss on our chart... Learn more about our Elliott Wave Indicator Suite for TradingView by watching the Video Tour >>>HERE<<<
NYSE:KRLong
by xBratSoftwareSolutions
GNRC potential Long 5th Wave MoveUsing our Elliott Wave Indicator Suite for the TradingView platform we have identified a potential Long Swing Trading opportunity for GNRC on the 1 Hr timeframe. This potential 5th wave long has to breakout today for the trade to be effective before the end of the week. Wave 4 pull back has found support in our Amber pullback zone, which represent an 80% probability of our automated 5th wave target zone at $90 being hit. The Stochastic has crossed in the oversold zone against false breakout dots in overbought zone and Elliott Wave Oscillator has just moved below 90%. These three combined present a high probability move, but we must enter today when price moves up through $84.84. Learn more about our Elliott Wave Indicator Suite for TradingView by watching the Video Tour >>>HERE<<<
NYSE:GNRCLong
by xBratSoftwareSolutions
1
XRPUSD potential 5th Wave Long setting up on 1hr chartUsing our Elliott Wave Indicator suite for the TradingView platform we have identified a potential long 5th wave trade on XRPUSD. This Cryptocurrency is currently pulling back against an intra-day bullish trend on a wave 4 pullback. In the video I discuss the rules using our Elliott Wave Indicator suite that must be met before we enter a long position to trade that high probability 5th wave move. If the rules are broken, then we dont trade it and move onto the next potential trade, long or short. Watch the video tour of our Elliott Wave Indicator Suite >>HERE<<<
BITFINEX:XRPUSDLong
by xBratSoftwareSolutions
1
Silver looking like its found support - Potential 5th Wave Long Using our ElliottWave Indicator Suite on Silver, on the Daily timeframe, we can see that it has found support in our wave 4 probability zones. The wave 4 behaviour is also looking good using our Elliott Wave Oscillator and False breakout Stochastic. Now the pivot around 18.750 is an issue, so a longer term bullish trade would be taken until that is broken with a target of 20.500 within our automated target zone. Also we would look for long trades on smaller timeframes with this strong potential 5th wave bullish move in mind. Watch the Video tour of our Elliott Wave Indicator Suite >>>HERE<<<
TVC:SILVERLong
by xBratSoftwareSolutions
AUDUSD critical point for this Bull Move!AUDUSD 15 minute time frame - From the chart we can see that we are testing a recent resistance zone that has formed a short term range in this currency pair. Our Elliott Wave Indicator Suite has currently labelled the wave 1,2 and is at a wave 3 high at the resistance zone. Our special False Breakout Stochastic now has yellow dots on the overbought zone, denoting a strong Bullish Bias to this move. Two Scenarios to trade here... 1. The price breaks though the current resistance zone leaving lots of fresh air up to 0.7600, where the next resistance zone is located. So the trade idea would be to trade the 3rd wave continuation, if we get the breakout, and then wait for a wave 4 pull back into out live pullback zones. Then trade the 5th Wave to our automated 5th wave target zone, which will be printed when wave 4 is confirmed. 2. If this resistance level is too much and we get a retracement as a wave 4 into our high probability pullback zones, along with a crossover of our false breakout stochastic in the oversold zone combined with Oscillator pullback. Then we would look to trade the 5th wave into our automated target zone that will be printed on confirmation of wave 4. Either scenario would be high probability, but in our opinion the better trade setup would be option 1 as we get to trade the potential Bullish trend twice today.. Take a look at the video tour of our Elliott Wave Indicator Suite for the TradingView Platform >>>HERE<<<
Long
by xBratSoftwareSolutions
Our Elliott Wave 5th Wave Target Zone Hit on EURJPY Earlier today we made a quick education video discussing the tools in our indicator suite and how to use them to trade the high probability 5th wave moves. We used this EURJPY example as it was setting up. The orginal video can be viewed >>HERE<< This next video is a follow to show our automated 5th wave target zone has been hit, completing a great Elliott 5th Wave trade on the 5 minute time frame for EURJPY. Watch the video tour of our Elliott Wave Indicator Suite >>>HERE<<<
Education
by xBratSoftwareSolutions
3
Entry Points for our 5th Wave Trades - EURUSD 30min ExamplePart of our Elliott Wave Indicator suite are our 6/4MA High and Lows which are designed to allow traders a sensible entry strategy for long and short 5th wave trades. In this example a great 5th wave trade was entered on EURUD on the 30 minute time frame using our Elliott Wave Indicator Suite for TradingView. The green arrow on the chart highlights the short entry through our Red 6/4 MA Low. As with 80% of our 5th wave trades, our 5th wave automated target zone was hit. You will also notice our Elliott wave oscillator pulled back on the 4th wave within our parameters along with crossover of false breakout stochastic. These are special tools, along with out probability pull back zones that allow use to measure the behaviour of the 4th wave. This is important to help identify High Probability 5th wave moves. Find out more bout our Elliott Wave Indicator Suite for TradingView >>>HERE<<<
Education
by xBratSoftwareSolutions
NDX: no impulse up off August low. Expect lower pricesThe NASDAQ100 (NDX) broke below its August 22 high and therewith invalidated its potential to do five (i, ii, iii, iv, v) waves up off the August lows. Instead it became only three: corrective. Namely, when a new move starts, even if it is five waves up or down, we can never know beforehand with all certainty if that move is an impulse (wave-1 of a 1,2,3,4,5 move) or part of a larger correction (wave-A of an ABC move). See my tweet here for example. Hence, why we must label such initial advance as wave-1/a, the retrace as wave-2/b, and the subsequent advance as wave-3/c, until one (1,2,3) or the other (a,b,c) is disproved by the markets. In this case the impulse was disproved as price overlapped with wave-i/a meaning the current decline can not be a wave-iv and so there will be no wave-v and thus thus the entire rally was a wave-a,b,c UP. Simple! In addition the wave-iii/c was only seven waves up, which means it is corrective as impulses travel in 5,9,13, etc waves. Another line of evidence pointing towards the recent rally having been corrective and not impulsive. Now that we have proper, intellectually honest Elliott wave labeling out of the way, lets look at the bigger picture options. Price can do a nice c-wave down into the orange target zone based on the standard c=a to c=1.618x a Fibonacci extensions and as long as it doesn't move below the June low it can still be a larger wave-ii of an even larger 3rd wave. IF it breaks below the June low, and especially in a five waves down move, then we have a lower low on our hands. In addition price can then not be in a (red) wave-ii anymore because 2nd waves can't go below the start of the prior same degree 1st wave, and we are then looking for a much, much larger ongoing correction, which I would label as major wave-c of Primary-IV, well into 2020. Trade safe!
TVC:NDQShort
by intelligent_investing