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Correctivestructure

ETH/USD - potential 21% setupHello, Traders! After the correction of the current growth from $1545 the buyers took the initiative and are trying to pass the sellers' area of interest of $2020 - $2140 A similar situation was at the beginning of February before ETH entered a new price range and the growth cycle continued We may search for an entrance in purchases in the range of $2085 - $2145. Stop-loss can be placed under $1,950 Targets will be Fibonacci extension levels based on the trend $2335 $2455 $2525 Good luck and watch out for the market P.S. This analysis is created for educational purposes only and should not be considered as a financial advice
COINBASE:ETHUSDLong
by UnknownUnicorn10064030
GOLD (XAUUSD): big complex moves 'till the end of the correctionThis is my last analysis on big the scale on GOLD. According to this I dont think we are in the bull run yet, but we are moving into big complex corrections internally composed all by three drives (different series of 5 3 5 and triangles that often looks like 5 impulsive waves, but they arent, for me). So this could be the last move up to 1762 - 87 before another big dump to 1630 - 20 area for the last real correction before the next cycle. I'm still watching closely all the inner moves, measuring and counting those to try to predict the upper waves and from a month, untill now this is the only count that makes a real sense to me. So lets see if this will be followed by the price.
OANDA:XAUUSD
by fra978
12
Most Exclusive BTC chart nobody is showing youWe want to be at the green trend. We are approaching the orange trend. And we fear the red trend. All these trend lines are very possible and currently the bulls are pushing for the orange line with aspirations to meet the green trend line. But we have to be aware of and fear the potential breakdown curve. Nothing fancy about these trend lines, just validating previous points of confluence with daily candles since the start of this bull run. The price action tells us where we should be compared to where we could be. Keep an eye for potential break downs to the red curves. Like and share our chart to keep more no cost TA trending. We have been approached by many traders who want to pay for personal TA. A program is being designed for paid TA, but long as our charts receive more likes and followers you will keep receiving very valuable charts and analysis to help you make informed trade decisions. We will not recommend any trades, but we will give you tools to make your decisions based on your own research. As always, HAPPY TRADING!!!
BITSTAMP:BTCUSD
by hbayatne
4
EURUSD WEEKL ELLIOTT WAVE ANALYSIS Chart Pattern IdentificationThe EURUSD structure is quite difficult in many respects. Prior waves on the monthly and weekly could pass for both corrective and some misleadingly as motive waves. We have correctly distinguished the different aves structures. Particularly the last arm is projected by a number of analysts as motive when it actually fails the test for motive wave. The first three segments are EQUAL in both Price and Time. The Rule is : .
Long
by Mvemve
EURUSD WEEKL ELLIOTT WAVE ANALYSIS Chart Pattern IdentificationThe larger structure indicates that he last arm is not impulsive but Corrective. The possible wave development and termination are indicated. The waves indicated fail for reason: the 3 segments are uncannily equal in price and time taken to complete. On the other hand IF one were to count each of the segments as possible waves 1, 2 and 3and 4, tghen the last segment should be Wave 5 and a correction should be expected. However that is not the case. The expectation is for another up wave to proceed from 1.17711 to around 1.132714 and above. Which is quite curious under the circumstances.
by Mvemve
BTC - H1/M15 - FACING FIRST RESISTANCE (38.2% FIB RET ) @ 56097H1 : Recent price action triggered a corrective recovery towards a high so far of 56450, making on H1 closing a doji pattern = indecision and uncertainty Last candle did not managed to close above the 38.2% Fib ret @ 56097. Cluster H1 support is between 55500 (MBB) and 55250(KS); a failure to hold above this area would again trigger another wave of selling pressure targeting a retest of former lows. M15 : Caught in a kind of triangle pattern with 57000 on the upside and 53000 as pivot level area for further development. Watch clouds as a very short term support zone All the best
BITSTAMP:BTCUSD
by Ironman8848
4
SSYS: Will it make a new all time low?Figured I'd keep the trend of 3D printing stocks going. This is one I bought after the "crash" and just sold for a loss. After seeing it not reverse I felt I should re evaluate my analysis and see where I went wrong. I thought the correction was over at the 11.91 low. bought on a setup on the 1hr which initial looked good, but then became a flat to continue down. I'll post that in the comments. I see some inverse correlation between this and the 2 other print stocks I follow DM, and NNDM. It looks like both of those are getting ready to continue on the uptrend, and this one looks like it will continue down to make another low. After this happens I'd like to look for buy setups again. Until then I'm watching for a correction within this bearish impulse to confirm my current count. What's your favorite 3D printing company? Thanks for looking!
NASDAQ:SSYS
by adambiers
QQQ very clear 5 waves down - The 'A' wave may be finished QQQ 5 waves down - the fib extensions measure out cleanly. Because it appears there have been 5 waves down this implies it is the A wave of an ABC correction. Now will watch for the B wave up dead cat bounce, before the c wave finishes it and could bring it lower. There is another more bearish possible count here but wont post that just yet. If this ABC is the pattern that has started it, could play out something like this. Many other tickers have this similar 5 wave structure down. Look at the perfect bounce on this monthly candle level which was the monthly open for september 2020. Volume climax. Getting into oversold areas. VIX never really spiked on this first drop... Bigger fib extension long setup (yellow and red lines) could take this to the green target at 362 as long as the red line holds. The more bearish elliott wave count would invalidate the fib setup.
NASDAQ:QQQLong
by FourC
2
TSLA very clear 5 waves down - The 'A' wave may be finished TSLA very clear 5 waves down and measurement levels are clean. 5 waves down is corrective and has 2 possible outcomes, this being the less bearish of the 2 and i lean towards this more conservative count for now. It looks like tsla has put in an A wave of an ABC correction, and its very possible the A wave down is done. Looking for a B wave bounce to start soon. Other tickers as well as the QQQ have very similar 5 waves down. Price bounced at the 50% fib of an extension fib setup. The longer term target for this fib setup is 1068 as long as 465 doesnt break. Trendline Support. Volume climax at lows. RSI and Stoch oversold. Watching for the start of the B wave up. Resistance into recent supply levels would make sense possibly up to 840.
NASDAQ:TSLALong
by FourC
PLTR: Ending diagonal?Don't follow this one much, but I've heard some good things about the company. I'll have to look into them more. The chart looks good. We have a pretty ugly ending diag. If examined closely it fits the internal wave structure of the aforementioned pattern. We also have some pretty good looking divergence on the 1hr. Some good looking humps ;) What do you all think of PLTR? I've been trying to keep these updated as much as I can while balancing family and work. I hope we all come out on top next week. I've been bleeding out long enough :) lol Linked another potential diag in EVGN. This one is a larger degree and it's a motive diag, not a corrective one. Thanks for checking it out!
PLong
by adambiers
2
EW Analysis: ZOOM Is Looking For A Deeper CorrectionHello traders and investors! Today we will talk about Zoom, its price action from a technical point of view and wave structure from Elliott Wave perspective. Zoom made a massive rise in 2020 as it was and it's still very useful app for video communications. However, nothing goes in straight lines, so we see it as a completed wave 3 and since October 2020, we can see Zoom trading in a bigger, higher degree a-b-c corrective decline within wave 4, which seems to be unfinished after recent sideways price action and corrective wave structure, ideally a running triangle pattern within wave "b". Well, with current strong decline, it looks like wave "c" is now in progress that can push the price even down to 280 - 230 support zone before we may see a bullish continuation back to highs within wave 5. All the best! If you like what we do, the please like and share the idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NASDAQ:ZM
by ew-forecast
2