Elliot Wave and Fib Grid on French 40I believe the French 40 is still in a sub wave 4 correction, it should retrace more, before making a final correction down to 61.8 extension. It should then head back up to make its final wave 5!
Elliottwaveprojection
$PEP (Pepsi Co) - Stock Analysis -L/TThis is my personal analysis and anticipated trajectory of the Pepsi Co stock.
SHIBUSDT | Wave Projection | downtrend breakout Inverted H&SPrice action and chart pattern trading
> Wave projection double zigzag correction ABC with downtrend channel breakout and EMA5 crossover SMA50 above neckline
> Inverted head and shoulders breakout, possible wave 1
> Target @ previous A-wave +50% upside
> Stoploss @ right shoulder -15-20% downside
> RRR 3:1
Always trade with affordable risk and respect your stoploss
EUR/GBP Technical Analysis Chart UpdateEUR/GBP Technical Analysis Chart Update
Time Frame - H1
According to Pattern in LTF - Bullish Channel it has Breakout and completed the Retest now it will follow Sell TREND
According to STF patterns it will complete its Bearish Channel and 4th wave at upper Trend Line AT 78.60% Fibonacci Level
BTC 4H chart - update on wyckoff accumulation/ elliot wavesGood morning traders, please see my previous analysis of the wyckoff accumulation (linked to this idea at the bottom).
I have now cleaned up my chart as it was starting to get a little bit too busy.
I have measured the fibonacci extension levels and drawn these on but removed the extensions tool and added in my predictions for price movements.
I am expecting the purple wave 3 (lower degree of waves) to complete around the purple 161.8% level.
I'm fairly new here, so would appreciate your support with Likes and comments.
If you have any questions about my analysis send them in the comments.
Happy trading
Wyckoff accumulation entered "phase e" btc 4hFollowing on from my previous ideas, the wyckoff accumulation has entered the final phase. As shown on the chart I have indicated my predictions of the next movements using elliot waves (including 3 different degrees of waves). The primary wave 1 (Red numbers) I am expecting to finish at around 27500-28000. This will then have a correction to around the previous resistance levels indicated.
ANT have an interesting chartin short term we expect such behavior from ATN but after that we can have complex correction or 50% price reduction
check out our next chart to see long term scenario
AMC - Bullish Wave pattern My technical analysis for AMC and why I am bullish on the stock
Strong support zone between the 15.70$ to 16.10$ area.
Since Jun/22/22, we have been on an up-trend. (Creating higher highs / higher lows)
Waiting for confirmation pullback to support zone
Once the support zone is hit, the next target zone will be the 18.30$ to 19$ area.
12 Year old Trades Elliot WavesAmazon ($AMZN) has gone through hard times as this 2022 crash has given a volatility issue in many stocks, especially tech. Trillions of dollars have been wiped out, but there was a sort of pattern between these stocks like ($AMZN). I discovered these patterns months ago, but I have decided to teach my knowledge. This has long-term issues since it's in the Day chart, fortunately, it's going into an uptrend since it has touched the Support level, and from now the stock will go up.
The Elliot Wave was discovered by Ralph Elliot in his book the Dow Theory in 1938. The problem is that there is a trend in were the Market Psychology thinks that it will go up, and when there is a small crash there is a correction of the price, and it crashes until it's undervalued and people accumulate the stock.
GBP/USD TECHNICAL ANALYSIS CHART UPDATEBritish Pound / U.S Dollar din
time Frame - H3
According to pattern in STF it has breakout and completed the retest
Buy if look according to LTF IT REJECTED from the UTL we need to wait until it breaks the Lower AREA OR upper AREA
CHF/JPY Technical Analysis Chart UpdateMarket currently in a Corrective Pattern.
Completed its B corrective wave according to Elliot Waves Theory
Patterns in STF in favour of Sell
Indicator Such as RSI ( Divergence)
We need to be sure about this trade after it completes its 5th wave in STF and make strong Bearish Price Action
BTC 4H chart - Wyckoff accumulation updateGood morning traders...
Just a quick n update on my previous posts about the wyckoff accumulation... the price appears to be finding support around the previous resistance levels I suggested.
Whilst most people will be looking at this as an abcde bear flag pattern which has been completed, I am taking a different view still.
I have drawn on the trend lines for the bear flag pattern that most people will be seeing, but I have also combined the wyckoff accumulation with elliot waves and fibonacci extension levels to predict future price movements and future resistance / support levels for the new trend that follows a wyckoff accumulation.
The bottom support level around $18.5k is a significant support level.... not just in this wyckoff accumulation, but it is also the weekly close price / resistance level from the 2017/2018 high which is now proving to be strong level of support.
I'm melting in this UK Heat... all my fellow suffering Brits give me a shout 🥵🥵
Have a great day and good trading.
DUB
$UKOIL - Multi-timeframe reviewHi guys! 👋🏻
🔔 Saudi Arabia refused to increase oil production requested by President Biden. However the strong US Dollar and uncertainties in Chinese economy hold Crude oil prices from a stronger hike. Market will be watching the relaunch of Nord Stream 1 this Thursday which will have a massive impact on DXY, energy sector commodities.
🔔 As for the technical analysis, implementing the Elliott Wave theory, we might consider that oil is on its way to display newer highs.
🔔 See charts below
🔔 Fibonacci 0.618 level of last weeks correction
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
USDINR current price going to be a historyUSDINR is going to be a history at this current price where it is standing.
People (traders and investors) are going to remember this price 81 for a very long time.
I am an Elliottician and I will upload the counts of this chart. Right now, all I can say is that this chart is going to make a big reversal. The psychology of money is telling that something big is going to happen here.
The time of India is start now.
Short USDINR with the capital at which you can bear loses because the real meat if you want to eat, a right amout of capital should be placed on a trade.
Thanks
SPX Elliott WaveNice bounce will be watching how it develops. The initial move up looks corrective to me, but in any case, a Zigzag and double Zigzags have similar most likely targets, so I will be looking in the same area regardless. Some nice confluence in that area. If helpful, please like and follow! Cheers.
ADAUSD | Wave Projection | Downtrend Double ZZ Channel BreakoutReady for long entry: Price action and chart pattern long entry trading setup
> Elliott Wave double ZZ combination correction WXY with EMA200 as key dynamic resistance for major B-wave and EMA50 as key resistance for minor 2-wave and 4-wave
> Downtrend channel sideway breakout - possible sideway continuation
> Long entry @ EMA50 breakout
> TP @ EMA200 for medium term trade
> SL @ the lowest position wave 5
> RRR: 3:1
Indicator:
MACD bullish divergence golden cross signal line merely below 0
Always trade with affordable risk and respect your stoploss
Gold Runing flat idea for myself :)Gold can be going for a bear market monthly close under 1650 will active this.
Final leg downThe price action suggest that the correctional movement getting to be finished. A breakdown can generate easily the next selling wave.
USDT.D A potential wave scenario for the development of USDT Dominance. With the completion of E, I expect the price of Dominance to decrease. You must be patient until the final approval.
USDJPY Rally Slowing Down; Get Ready to Go ShortThe USDJPY rally has a bit more gas in the tank than we first thought. But the 5 wave impulse that we were tracking is developing nicely, and still appears to be running out of steam.
Here is our updated analysis on the lower time frames: we have a 5 wave impulse that is nearing completion (at multiple wave degrees). And even better: what pattern appears to be developing? Another triangle! If you saw our previous post on this pair, you know that we love to see triangles on the chart, as they are indicative of a trend change.
So in this case, we are expecting a small wave up to new highs, after which a swift reversal should occur. Price must remain above 138.56 for the triangle interpretation to remain valid.
If this wave count plays out, we will have significant opportunities to go short this pair. Let us know what you think!
At Parallax, we focus on wave analysis and 1-on-1 education to build a foundation of skills that give our clients the edge.
We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates
