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Elliottwaveprojection

BTTC | Wave Projection | Ending Diagonal - Bullish DivergencePrice action and chart pattern trading > Ending diagonal pattern with possible upcoming wave channel triangle breakout > Possible upcoming Inverted Head & Shoulders > Indicator: RSI / MACD bullish divergence indicating ending diagonal final wave 5 downtrend > Entry @ triangle breakout > Target @ Previous 1-wave + 75% upside > Stoploss @ 3-wave Head position -25% downside > RRR: 3:1 Always trade with affordable risk and respect your stoploss
by dukeposh
BTC capitulation?, Long19.2k-17.5k for max pain capitulation on this downtrend. good buy zone for spot long-term portfolio ~16k-23.5k taking into account feasible scenarios of could go. Though,16k-17k will put BTC literally down to the wire of max pain, and maybe create a generational bottom. w/ institutions being more public in their interest w/ BTC I suspect more ranging for a long time ~20k-37k. Mean rev. indicators are printing a good bottom so far today, but not yet confirmed w/ BBWP not crossing over its MA. VZO indicator also printing green. I'd only consider BTC to be out of a bear market until it closes over ~38k on a daily candle, so if you want to be giga-safe I'd wait for there. Breaking out of 32k gives some confidence of an uptrend, but thats only if we continue going up from here. Have some self-control and try not to capitulate. Fundamental market risk factors are noted here thanks to WifeyAlpha. Only would add that there are a lot of put options expiring this Fri./June 17th on SPY that could squeeze tradFi for part 2 of a bear market rally, so hedge your open shorts. That and monkeypox, which falls under the currency wars. Trying out 5R trades instead of the safer 2R, I have two of them out JIC the #1 gets stopped out Trades: #1 Entry: 21.6k SL: 18.3K TP: 39k #2 Entry: 17.5k SL:15.2 TP:29k
CME:BTC1!Long
by linebands
USDJPY Rally Slowing Down; Get Ready to Go ShortUSDJPY has seen an impressive rally from the lows in late May. But there are cracks in the armor: we see strong momentum divergences in both the MACD and the RSI. We also have a nearly complete 5 wave sequence (the wave count inside the circles), with a triangle as wave ((4)). This is very telling from an Elliott Wave point of view. Why? The triangle pattern ALWAYS precedes the final move in the larger term sequence. So, if we have a triangle pattern in wave ((4)), this suggests that we need a final wave ((5)) up (which price is tracing out now), after which the trend will shift to the downside. How exactly you enter this position is up to you. You could wait for price to break through the support shelf around 134.30-134.80. Or if you practice Elliott Wave theory, you could wait for a smaller time frame impulse wave to the downside to confirm the new trend. Either way, we believe that the best trades in USDJPY will be to the downside. 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
Short
by ImreSG
1
NOVAVAX Long term countWeekly update with my long-term scenario... It looks short-term bearish, but it is the best scenario for long-term bulls according to Elliott waves! It has a gap fill in the low 20s, and then a wave (c) super cycle will start. As you see on the side there is a gap of volume below 35 and then a huge amount of volume from 10s-20s, I am not saying we will go there, but needs to be served somehow, maybe 20-25... The catalyst from the revisit of the lows maybe will be a market crash or lower covid cases and no new orders, maybe a new pill, I don't know... But I think we are not out of the woods just yet, not so easy!
NASDAQ:NVAX
by FiboSnail
XAUUSD LAST DROP (THE LAST FIFTH WAVE)Based on my analysis on a higher timeframe, the monthly timeframe to be precise. Overall, we are in an expanding correction and price as being respecting since market went into a correction phase. Last week, we saw price drop of about 5.04% and we probably had a rough week because was NFP week. Right now, we are in the last fifth wave of micro wave C ending the whole correction. My anticipation is that market will form an ending diagonal pattern which will probably lead to a trend change. let's see how the market plays up onto Wednesday, from there will be looking for continuation to the upside following the overall trend of the market.
FX:XAUUSDShort
by Ifeanyichukwuxx
1
SANDUSDT | Wave Projection | Inverted H&S Target 4-Wave breakoutPrice action and chart pattern trading > Inverted head & shoulders upcoming breakout for uptrend 4-wave, estimated retracement 0.382 retracement zone of previous 3-wave and is exactly equal to the Inverted H&S Target > Key resistance at downtrend upper channel resistance > Indicator: RSI bullish above 60 and MA line > Entry @ H&S breakout > Stoploss @ right shoulder - 20% downside > Target Wave 4 + 40% > Risk reward ratio: 2:1 Always trade with affordable risk and respect your stoploss
Long
by dukeposh