Get started

Projection

APPLE vs The Theory of Relativity My charting focus revolves around Elliot Waves with Fibonacci Relationship. We can clearly see a beautiful 5 wave impulse move from the low of 2019. This move should follow by a 3 wave correction of which we already have an ABC, the correction is good in price... but it's lacking in time. Too quick of a move down to correct a 3 year rise. Therefore I would expect another wave down to be in a form of a 5 wave impulse for C coming down to 50MA on monthly average, or in a form of a 3 wave move for a Y. The reason I mention the 50MA on a monthly timeframe (orange line for perspective on this daily chart) is because Apple has a tendency to retrace back to the 50MA every so often and hasn't done so in over 3 1/2, so I retest is coming due. A bounce or reversal in this area will be very likely. This is a bearish count; therefore would be invalidated if the dotted white line is broken to the upside. I lean bearish, supported by the overall outlook of indexes which I can see continue to the downside in months to come. The company can be great and it can make great products, but in the end... we all have to respect Gravity. Not a financial advice. Cheers,
NASDAQ:AAPLShort
by Elliot618
1
DOA trading Strategy - SPY#SPY - For my long term people! I know a lot of yall are asking me about my personal long term positions. When I did my last long term projection of SPY back in March 2022 I said that SPY will hit $390 before June We hit $383 May 2022 then bounced hard ✅ I've been out of my long term since March 2022 most of you probably remember that I've been shorting the market since end of March 2022 when we caught the 2nd drop from double top back in March. I'm getting ready to enter on my long term if we hold at $360-$365 area From what I'm seeing now, we are currently getting ready for a 3rd impulsive wave, and just finishing the corrective wave. We should hit $360-365 before end of September Then if we hold, I'm going shopping for long term!
AMEX:SPYShort
by directoptionalerts
Ethereum Bull run incomingI believe the value of Ethereum is due to rise, it's currently consolidating around 1700-1800, 1700 seems to be a level of resistance, judging off its recent price points along with May-July last year when it was at similar levels. Those levels are factors in my analysis as once it touched those prices, it quite quickly formed green candles without much resistance, whereas now, Where I have placed circles on the right side of the screen, it struggled to rise and got pushed back down. With the current tests being run for the merge on the test net and the merge planning to go ahead in early august, it should hopefully give ETH that momentum and liquidity it needs to pump.
COINBASE:ETHUSDLong
by HBSPG
Key points to look for on Chainlink Chainlink looking for support @ or near $17-$18 range. Keep in mind on both the 4hr And Daily Chart , There is a possibility for a significant retracement to $14 range. All this is only plausible if the formation of a triple top/ head and shoulders start to form. Things are looking up for Link either way. Take profits along the way to $23 and just take note of previous trending this past December. This may just be a similar fakeout to a higher high.
L
by Brother-Doug
8
Walk The DDOG Long With Your Head & ShouldersA head and shoulders pattern on DataDog Inc. (DDOG) was identified on the daily chart. The approximate measurement from neckline to head is approximately 60.80. We can see a projected move to 234.84! I will make an entry at the break of the neckline. However, it fails to break the neckline, my analysis won't be valid. Head and shoulders on three. What I meant so say is, "Head and shoulders on DDOG!" DDOG! Al *This is not financial advice.
NASDAQ:DDOGLong
by MrALtrades00
How to use different types of Fibonacci in TradingViewWave Relationships and their relation by Fibonacci Ratios are among the most helpful tools for target prediction. There are different types of Fibonacci and different tools with different names in different software packages. This may make users somehow confused . Here, we try to shed some light on various mostly used Fibonacci types and explain their usage for target prediction. Also we explain their related tool in TradingView and their way of implementations. As shown on the chart, there are four main types of Fibonacci : 1- Internal Retracement 2. External Retracement (Extension) 3. Expansion 4. Projection Before going through details, it is worth to mention that knowing wave relationships is a key to implement Fibonacci tools accurately. Different types of wave relationships is beyond the scope of this publication. Here, for simplification, we show most simple type of wave cycle which is ascending complete cycle with one 5 leg up impulse and one abc form of correction . Also, we try to explain more typical Fibonacci Ratios for target prediction and skip less often ones. 1. Internal Retracement: This is simply for calculation of the amount of correction in the main trend. It means we can predict where a counter trend correction may end. As shown on the chart, it can be used for target prediction of wave 2 and 4 in an up trend and also wave B in a down trend. It can also be used for calculation of end of wave C which is the end of correction of whole up going wave. Green arrows on the picture show the direction of using this tool which is "Fib Reracement" in TradinView. For example, we put first point at the start of wave 1 and second point at the end of this wave for obtaining possible targets for wave 2 and so on. Wave 2 can end at 0.382, 0.5, 0.618 and 0.786 Fibonacci Retracement levels of wave 1. Fibonacci levels at which wave 2 ends can send us a signal about the amount of next waves. This is again beyond the scope of this publication. Wave 4 can typically end at 0.382 or 0.5 Retracement of wave 3. Less and more amount of Retracements are also possible, but those make wave relations more complicated and does not match with our simple shown example. Wave B typically corrects 0.382 , 0.5 and 0.618 of wave A in a simple zigzag correction. More Retracements signals for more complicated corrections e.g a flat correction. Wave C Retracement levels are similar to wave 2 in shown wave cycle since it is end of a larger degree wave 2. 2. External Retracement: This Fibonacci which is also called " Extension" can be used for calculation of end of wave 3 or 5 in an up trend and end of wave C ( which is end of whole correction) in a down trend. We have same tool as internal retracement in TradingView however ,unlike internal Retracement, an extension should be drawn from a high to a low in an up trend and vice versa as shown by green arrows on the related figure. Wave 3 Fibonacci Ratios by extension depends on the amount of wave 2 correction. For example, 1.618 or 2.618 extension of wave 2 can be the target for wave 3. Robert. C. Miner has proposed a very useful table for targets using external retracement. Wave 5 typical targets are 1.272, 1.414 and 1.618 extensions of wave 4. This ratios are also the same for calculation of end of wave C. 3. Expansion: Based on my experience, Fibo expansion is most useful when we have over extended waves for example over extended wave 3. In this case , 1.618 or even 2.618 Fibo levels can be the typical targets. Related tool in TradingView is Trend-Based Fib Extension. Please note that this tool in TradingView is a three point Fibonacci while expansion is two point Fibonacci tool. Therefore, Implementing this tool for obtaining Expansion levels is a little tricky. For example, for calculation of wave 3 we should put first point at the start of wave 1 and double click on end of wave 1. There are also more details in implementing Fibo expansion for example we have different types of Fibo expansion. We can skip details here to keep this publication as simple as possible. 4. Projection: This is the only 3 points Fibonacci that we have. Some software packages call this Fibonacci as Expansion !!. Its related tool in TradingView is Trend-Based Fibo Extension. It is a very useful tool for calculation of end of wave 3, 5 and C. Again green arrows show how to use this tool . For example, For wave 3 target calculation we set first point at the start of wave 1, second point at end of wave 1 and third point at the end of wave 2 or start of wave 3. 1.618 and 2.618 Fibo levels are typical for end of an extended wave 3 when using Fibo projection. 100 % Projection of wave 1 from low of wave 4 is a typical one for end of wave 5 target. Also 0.382 or 0.618 projection of wave 1-3 from low of wave 4 is a helpful ratio for wave 5 target calculation. For a wave C, most common projection is 100 % of wave A from top of wave B. How to make a Potential Reversal Zone ( PRZ) : We can make our potential reversal zone stronger by combining all proposed tools . Take another look at the figures. What can we see? yes. We know four tools now for calculation of end of wave C. Suppose how strong a possible buy zone can be when 4 different tools suggest it as potential reversal target ! Hope this to be helpful. Please do not hesitate to ask questions if you feel need to ask. Good luck every one.
NASDAQ:TSLAEducation
by SaeedSajedi
3
BTC TA for the coming daysHey guys and girls, what's up my TA for BTC for the coming days. The thick grey lines surround value areas. The "zones of interest" are areas where concentrated volume has taken place, which attracts price. The green zones are FVG zones which attract price. Since it is weekend, trading is extra uncertain, but I am thinking there is a good chance we go up to that FVG zone after just hitting an NPOC and flipping it to a POC. Not too sure if we break the psychological barrier of 40k, but if we do then I think we will be touching the FVG line. We just flipped an NPOC to a POC which triggered my TP for my short and I'm long right now. We'll see how this idea turns out. NFA! ;) just an idea :) I'm off to bed. bye all! oops. as im typing this, the candle turned bullish hahah. We were at 39k when I started typing, 39.4 now. Upside potential increased significantly for now but of course its all about the close and we know how those last ten minutes can be ;)
by mapav
1
Gold - Super long term projectionThe super long term projection is just having fun with charting. But the projection for the next top could play out because it has done so the last two time. It is decreasing so may almost make it the target box but be short by a little. The current runs projected moves are base on the last bulls fib levels. The levels are going to be off but am more confident on the 5-6k as the top for this bull cycle. Lots of other charting long term gold pricing are getting to about 6k with different studies = confluence is good sign. Good luck, have been on board from 2019. Just my thoughts.
COMEX:GC1!Long
by nsprph