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Elliottwaveideas

Price correction: first target - 56200Earlier I've shared an Elliott wave analysis chart and mentioned we may on the point (B) position. meanwhile, I've revised the chart, and realised there are 2 possibilities. Note: Please google on the complete elliott waves chart and compare to my draw. 1. Yesterday 2nd April 2021 highest point as a reference, we may on point (1) of the impulse wave. 2. Yesterday 2nd April 2021 highest point as a reference, we may on point (C) of the correction wave. So, I've decided to draw another version. (above) Sketch of 2nd April. (C) edition of correction wave. Combining with others TA tools, to find out the highest point and next lower support line. It's a cup and handle, with a highest point of 68517. Meanwhile, applying ascending triangle to the chart, we may see a lowest point of 55492, in the case of we get a breakout confirmation at 58930+ Last, be aware of the limitation of this ascending triangle. The main problem with triangles, and chart patterns in general, is the potential for false breakouts. The price may move out of the pattern only to move back into it, or the price may even proceed to break out the other side. A pattern may need to be redrawn several times as the price edges past the trendlines but fails to generate any momentum in the breakout direction. While ascending triangles provide a profit target, that target is just an estimate. The price may far exceed that target, or fail to reach it.
Short
by spencerlim88
7
Interesting fact: 5 waves formedFun facts: 5 waves is formed on BTCEUR pair but not on BTCUSD on this BTCEUR chart, major point (1) and point (4) is not intersect, which is a valid elliott waves. However, the case is different on BTCUSDT pair. The point (4) is dipping below point (1) and so it is invalid. Anyway, BTC seems exhausted at the moment, it failed to break ATH 61800 whereas others cryptocurrency broke its records. Congratulation for ETH hodlers, the value of ETH will not be limited to 2100USD ONLY. UPDATE We're now testing the EMA Ribbon lines again. Let's be patient and wait for the next few block of candlesticks for a buy/sell confirmation.
by spencerlim88
2
SPX Elliott wave count daily. 101 probable count1/ This new idea is based on the previous idea below, rsi possible extended 1st wave like our spx. Nothing guaranteed here just an amazing similarities (chart # 1). 2/ The previous idea is coming handy for "Gaps behavior " and how they usually appear in waves 3 & C. Well it kind of supporting this idea of an extended 1st wave. Here it is below (chart # 2). 3/ Combining these together kind of make the argument for and extended 1st wave is more probable, or not. 4/ So what's next, well Elliott Fibonacci Retracement and Extension Guidelines for an extended wave 1 as follow: If wave 1 is extended, then the size of wave 3 through to the end of wave 5 is often 61.8% – 78.6% relative to the size of wave 1 If wave 1 is extended, then wave 2 and 4 are very likely to be shallow (i.e. 23.6% – 38.2%) If wave 1 is extended, then wave 2 will often end at the level of sub-wave 4 of 1 (i.e. the internal wave 4 of wave 1) 4/ That's would put the probable target for this bull's move since March's low between .61-79 fibs with minimum requirement @ 4122:
SP:SPX
by samitrading
Bitcoins Elliot Wave Formation..Good day & Welcome to another edition of FrancoBlanco's Dreams today my nightmares are confirmed Bitcoin is forming an Elliot Wave pattern according to my charts give me the benefit of the drought please don't judge me as a trader judge the sentiment of the market. And above all keep a close eye on the TOTAL & TOTAL2 Market caps. I'm a long Term Bitcoin Bull by the way. Happy Hunting Fellow Traders. PS This is by no means investment advice. Please do your own research.
BITSTAMP:BTCUSD
by FrancoBlanco
9
Price targets for Wave up from 11k.NOT a professional, just a person who loves TA and is very very good at pattern recognition. Do your own due diligence and make your own decisions. This post is only for speculative/educational purposes. Consult a professional if needed. Good luck trading! If this post saved or made you money, please consider tipping and/or commenting as I lost a decent amount trying to trade this before I realized what was happening. I have another published idea which further explains things. -Wave is doing a large correction (prediction made 12am Feb 21) to 39500 - Wave 5 of higher Wave 3 is ending Diagonal, causing deep correction to 39600 (top of wave 1, it will finish below that if entire large wave is leading wave) - Predicting entire leg up from 11k is a leading diagonal. - Complete wave prediction: 77240 (could be less entire large wave IS a leading wave, as wave 4 will finish inside wave 2 area. Add 19700 to end of wave 4 to find wave 5. -Wave 5 will extend past wave 3 guaranteed. -Wave 3 was 68% of wave 1, applied same % to wave 3 to predict wave 5 (don't know if there are known numbers for this.
Short
by Stockguy0415
8
Potential Long SwingTrading Opportunity on $W Wafair IncBrief video setting up a potential Long Swingtrading opportunity on the Wayfair Inc Stock using our Elliottwave Indicator suite. Main focus in this video is using all the tools to measure the wave 4 profit taking pullback. Then looking at a sensible entry strategy for that high probability 5th wave move. If the stop for the order is broken, we cancel, and wait for support to be found. If support is then found and all of out tools for measuring the wave 4 are sill looking good, then we adjust and setup the trade again. If not, then we must have the discipline to walk away from the trade setup.
NYSE:WLong
by xBratSoftwareSolutions
3