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Elliottwaveretracement

CADJPY Elliott Wave: Incomplete Sequence Calling LowerCADJPY short-term Elliott wave view suggests that a bounce to 87.00 on 11/08/2018 high ended blue wave (X). Down from there, the decline unfolded as double three structure where black wave ((w)) ended at 85.44 low as zigzag structure. A bounce to 86.35 ended black wave ((x)). Then a decline to 84.61 low ended black wave ((y)) & completed the red wave W lower. Also, with this push lower pair made a new low below 10/26/2018 low (84.83). Which made the sequence from 10/02/2018 peak incomplete to the downside favoring more downside against 11/08/2018 peak (87). Up from 84.61 low, pair is correcting the cycle from 11/08/2018 peak in wave X which is expected to take the form of a double three structure and should ideally reach 86.18 -86.78 area Afterwards, the pair is expected to resume the downside provided the pivot at 11/08/2018 peak (87) stays intact or should produce a 3 wave reaction lower at least. We don’t like buying the pair and expect sellers to appear in the blue box as far as pivot at 87.00 high remains intact
Short
by Elliottwave-Forecast
Hit Bottom - ready to move upOn the log scale, long term uptrend line shown in black shows that yesterdays dive took us right to the intersection of it...see chart pic below for more upclose view. This also coincides with the .786 (4417) fib-retrace beginning at August 2015 at the beginning of that same uptrend line. I would expect BTC to test this line and touch at least one more time, but probably more during this period. This appears to be causing some consolidation, and on the smaller time-scale, it reveals itself to be a broadening descending wedge, a bullish signal. With the panic-selling that has occurred, this also coincided with many major markets losing a lot of ground this week. DJI down 3% plus for the week. NDX down 4% plus. But they are both beginning to rebound already. The panicking investors have swung the pendulum far to the oversold position...lowest RSI on the daily...ever. With all these factors, I am seeing cause for short term bounce, and a long term growth period continuing upward on the black trend line. As show, this line is a steady march upward. Projections are that we remain between 4000-5000 for the remainder of 2018 and we won't see 10,000 again until next November. Hold on to those coins! Growth is coming. Have a Great Day!
COINBASE:BTCUSDLong
by bluemt95
Elliott Wave Analysis: How Much Further Can Oil Drop?Hello Traders, Short term Elliott Wave view on Oil suggests that the decline starting from Oct 3 high ($76.9) remains in progress as a 5 waves impulse Elliott Wave structure. Down from Oct 3 high, black wave ((1)) ended at $68.47 and black wave ((2)) ended at $69.66. Black wave ((3)) ended at $54.75 and black wave ((4)) is proposed complete at $57.37. Consistent with the guidelines in Impulse Elliott Wave structure, Black wave ((3)) also unfolded as 5 waves of lesser degree. Down from $69.66, Blue wave (1) of ((3)) ended at $65.74 and blue wave (2) of ((3)) ended at $67.95. Blue wave (3) of ((3)) ended at $59.26, Blue wave (4) of ((3)) ended at $61.28. The final leg wave (5) of ((3)) ended at $54.75. Black wave ((4)) ended at $57.37 as a double three Elliott Wave structure. Wave (W) of ((4)) ended at $56.49, wave (X) of ((4)) ended at $55.53, and wave (Y) of ((4)) ended at $57.37. Near term, while rally fails below $57.37, and more importantly below $61.35, we expect Oil to extend lower. If Oil breaks above $57.37, then Oil is doing a double correction and can open more upside in 7 swing before the decline resumes. For the downside target, one way to measure wave 5 target in Elliott Wave Theory is wave 1 equal to wave 5. If we project wave ((1)) length to the beginning of wave ((4)), we can estimate potential target for wave ((5)) at $47 – $49. We don’t like buying Oil.
NYMEX:CL1!Short
by Elliottwave-Forecast
1
Elliott Wave View: Nifty looking to resume rallyHello Traders, Short term Elliott Wave view on Nifty suggests that the decline to 10004 on Oct 26 low ended black wave ((2)). This means that Index has ended the selloff which started from Aug 28 high (11760.20). It is currently either in the process of eventually breaking to new high again or at least rallying in 3 waves to correct the cycle from Aug 28 high before turning lower again. Up from 10004, red wave 1 ended at 10624 and unfolded as a 5 waves impulse Elliott Wave structure. Black wave ((i)) of 1 ended at 10128.85, black wave ((ii)) of 1 ended at 10012.65. Black wave ((iii)) of 1 ended at 10606.95, black wave ((iv)) of 1 ended at 10477 and black wave ((v)) of red wave 1 is proposed complete at 10624 and red wave 2 pullback is also complete at 10442. As long as it stays above that level but more importantly above 10004 we expect Index to extend higher at least 1 more leg higher. We don’t like selling the Index.
NSE:NIFTY
by Elliottwave-Forecast
Elliott Wave Analysis: Further Downside Expected in EURUSDHello Traders, EURUSD has broken below Nov 1 low (1.13) and now the pair shows a 5 swing bearish sequence from Sept 24 high (1.1815), favoring further downside. Short term Elliott Wave view suggests that the move higher to 1.15 ended black wave ((2)). Internal of wave ((2)) unfolded as a double three Elliott Wave structure. Wave (W) of ((2)) ended at 1.1455, wave (X) of ((2)) ended at 1.135, and wave (Y) of ((2)) ended at 1.15. Black Wave ((3)) is currently in progress lower and the subdivision is unfolding as a zigzag Elliott Wave structure where blue wave (A) ended at 1.1215. The internals of blue wave (A) unfolded as 5 wave structure. Down from 1.15, red wave 1 ended at 1.1411 and red wave 2 ended at 1.1447, red wave 3 at 1.1327 and red wave 4 pullback at 1.1360 peak. Down from there, it ended red wave 5 of blue wave (A) at 1.1215. Near term, it is currently correcting cycle from 11/07 peak in the sequences of 3-7 or 11 swings in blue wave (B) and while rally fails below 1.15, expect pair to extend lower. We don’t like buying the pair and prefer selling it in 3-7 or 11 swings against 1.15 peak.
Short
by Elliottwave-Forecast
1
Elliott Wave Analysis: GBPJPY in Correction Before Next Leg HighHello Traders, Short Term Elliott wave view in GBPJPY suggests that the decline to 142.77 ended blue wave (2). Up from there, the pair rallies as an impulse and ended red wave A at 149.49. Red wave B pullback is currently in progress to correct cycle from Oct 26 low (142.77) before the next leg higher. We can see internals of wave A unfolded in 5 waves where black wave ((i)) ended at 144.39, Black wave ((ii)) ended at 143.19, Black wave ((iii)) ended at 147.77, black wave ((iv)) ended at 146.83, and black wave ((v)) ended at 149.49 Subdivision of black wave ((iii)) and ((v)) further reveals another 5 waves of a lesser degree (blue color), fulfilling the rule of an impulse wave. This rally from 142.77 low to 149.49 high completed red wave A of a larger degree and ended cycle from Oct 26 low. Pair should now pullback in red wave B to correct this cycle in the sequence of 3, 7, or 11 swing before the rally resumes, provided that pivot at 142.77 low stays intact. We don’t like selling the pullback and expect buyers to appear again when the red wave B pullback is complete in 3-7-11 swing.
by Elliottwave-Forecast
1
Elliott Wave View: SPX Starts a New Impulsive RallyHello Traders, Short term S&P 500 (SPX) Elliott wave view suggests that the selloff starting from Sept 21 high (2940.9) has ended at Oct 29 low (2603.54). We take the most aggressive view and call the low at 2603.54 as red wave IV. This suggests that SPX is ready to rally in a new bullish cycle towards a new all time high. However, for this view to gain validity, the Index must first break above the previous all-time high, labelled as red wave III at 2940.9. Without this confirmation, the Index technically can just correct the selloff from last month in 3 waves ABC zigzag, then continue the selloff again. Looking at the internal subdivision, it appears the selloff from Sept 21 to Oct 29 low took the form of a double three Elliott Wave structure. Down from 2940.9 high, Black degree wave ((W)) ended at 2710.5, wave ((X)) ended at 2816.94, and wave ((Y)) ended at 2603.54. This move lower also ended a higher degree red wave IV. Since then, the Index has rallied strongly, further getting acceleration to the upside after U.S. midterm election. Rally from red wave IV at 2603.54 is unfolding as a 5 waves impulsive structure where red wave 1 ended at 2756.55 and red wave 2 ended at 2700.25. Index has since extended higher again above red wave 1, suggesting that red wave 3 has started. Near term, while pullbacks stay above 2700.2, and more importantly above 2603.54, expect further upside in the Index. As an alternate, the rally from 2603.54 can take the form of a zigzag Elliott Wave structure, where the first leg higher to 2756.55 ended red wave A instead of red wave 1, and the pullback to 2700.25 ended red wave B instead of red wave 2. In this scenario, then SPX should finish red wave C as 5 waves then start to turn lower again.
SP:SPXLong
by Elliottwave-Forecast
Elliott Wave Analysis: Oil (CL_F) looking to end 5 WavesHello traders, Oil (CL_F) short-term Elliott wave analysis suggests that the decline from Oct 3rd high is unfolding as a 5 waves impulse structure. In an impulse structure, the internals of wave 1, 3, and 5 also subdivide in another 5 waves of lesser degree. With Oil, we propose red wave 3 ended at $62.52 , red wave 4 ended at $64.12, and red wave 5 is still in progress as 5 waves of lesser degree. Looking at the internal of red wave 3, a clear 5 waves subdivision can be observed. Black wave ((i)) ended at $70.51, black wave ((ii)) ended at $72.70, black wave ((iii)) ended at $65.74, black wave ((iv)) ended at $67.95 and black wave ((v)) ended at $62.52. After a relatively shallow bounce to $64.12, Oil has extended lower again which we think is the last red wave 5 from Oct 3rd high. Near term, while bounces stay below $64.11, Oil still can extend a bit lower towards $59.4 – $60.3 area before ending red wave 5. Once red wave 5 completes, expect Oil to at least rally in 3 waves to correct the decline from Oct 3rd peak.
NYMEX:CL1!Short
by Elliottwave-Forecast
Apple Elliott Wave Analysis suggesting a Bounce HigherHello Traders, Apple decline from 10/03 peak (233.43) ended black wave ((W)) at 10/11 low (211.94). Above from there it ended black wave ((X)) pullback at 10/24 peak (224.16). Down from there it ended smaller degree blue wave (W) at 10/29 low (206.17) as flat structure in a lesser degree. Above from there it ended blue wave (X) pullback at 11/01 peak (223.48). Down from there, it reached already the equal legs extreme area from 10/03 peak towards 202.48-197.31 (blue box) which is 100%-123.6% Fibonacci extension area of black wave ((W))-(X)). It is currently suggesting that it ended black wave ((Y)) of bigger picture red wave IV at 11/05 low (198.12) as a Elliott Wave double three structure. As long as the stock stays above 198.25 but more importantly the pivot at 189.32 stays intact we expect it to extend higher. We dont like selling it.
NASDAQ:AAPL
by Elliottwave-Forecast
ADA ADA ADA... STILL IN PATTERNHey Everyone, A few quick updates today as I go through the charts and check for trades for myself, I have just noticed ADA is sideways, and has had an extended 4th wave, but for the EW geeks like me... Wave 4 did not drop down past wave 1 territory so to me this looks to be still headed up to hit targets I posted a while ago. REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
BINANCE:ADAUSD
by LisaNEdwards
BAC Elliott Wave Analysis: Correction EndedHello Traders, Bank of America Elliott wave analysis suggests that a decline to $27.26 low ended blue wave (3). The internals of that decline unfolded in 5 waves impulse structure in lesser degree cycles. Up from there a 3 wave bounce to $29.19 high ended blue wave (4) as double three structure. Down from there, the stock declined lower in another lesser degree 5 waves structure. That completed the blue wave (5) lower at $25.91 low. Which then also completed black wave ((C)) & the cycle of red wave IV pullback. Above from there, the stock is expected to resume the upside in cycle red wave V ideally. Or should do a larger 3 wave bounce to correct the cycle from 3/12/2018 peak. Currently, the rally from $25.91 low is nesting higher and it ended blue wave (1) at 28.38 peak and the pullback is also proposed to be compelted at 27.51 in blue wave (2). As long as the stock remains above 27.51 low but more importantly above 25.91 invalidation level, it is expected to extend higher. We don’t like selling the stock.
NYSE:BAC
by Elliottwave-Forecast
My Price Prediction for ETHEREUM keep in mind, I'm still a bit newer to Elliot waves so its a bit hard for me to draw them "in the dark", so to speak, but I think by tomorrow we will see ETH hit the resistance around 192 and you should probably take a long there for the next uptrend to begin. take this with a grain of salt but tomorrow if you see it happen then you know :D if you want to short soon wait for the B to complete somewhere above the resistance line at 198, possibly around 200 and short there to C
BITMEX:ETHUSD.PLong
by mon3y
Dow Jones Elliott Wave View: Correction CompletedHello Traders, YM short-term Elliott wave view suggests that a bounce to 25845 high ended red wave “b”. Down from there, red wave “c” unfolded as ending diagonal structure i.e lesser degree cycles within black wave ((1)), ((3)) & ((5)) also unfolded in 3 swings structure. Where black wave ((1)) ended at 25220 low as zigzag structure. Up from there, a bounce to 25594 high ended black wave ((2)). Below from there, black wave ((3)) ended at 24515 low in another 3 swings. Above from there, a bounce to 25075 high ended black wave ((4)) bounce. Then finally a decline to 24089 low ended black wave ((5)), which also completed cycle red wave “c” & blue wave (IV) pullback. Up from there, the index made a strong bounce higher & broke the pivot from 25845 thus suggests that the next leg higher in blue wave (V) could have started. Near-term, while dips remain above 24089 low the index is expected to resume the upside. But a break above 26962 10/03/2018 peak remains to be seen for final conviction of this bullish view & to avoid double correction lower in bluee wave (IV) pullback. We don’t like selling it.
CBOT_MINI:YM1!
by Elliottwave-Forecast
1
EURNZD: Elliott Wave Showing Incomplete SequenceHello Traders, EURNZD short-term Elliott wave analysis suggests that the decline from 10/08/2018 peak is unfolding as Zigzag structure. Where a bounce to 1.7881 high ended black wave ((ii)), black wave ((iii)) ended in lesser degree 5 waves at 1.7528 low. Black wave ((iv)) ended at 1.7596 high. And black wave ((v)) ended at 1.7493 low which also completed the red wave 3. Up from there, a bounce to 1.7556 high ended red wave 4 bounce. Down from there, a decline to 1.7354 low ended red wave 5 & finally completed blue wave (A) in 5 waves impulse. Above from there, a bounce to 1.7587 high ended blue wave (B) bounce. The internals of that bounce unfolded as double three structure where red wave W ended in 3 swings at 1.7534 high. Red wave X pullback ended at 1.7399 low and red wave Y ended in another lesser degree 3 waves at 1.7587 high. Down from there, blue wave (C) remains in progress. Near-term, while below 1.7587 high expect bounces to fail in 3, 7 or 11 swings for more downside towards 1.7004-1.6642 100%-161.8% Fibonacci extension area of blue wave (A)-(B) to end the cycle from 10/08/2018 peak & finding buyers again. We prefer more downside against 1.7587 high.
Short
by Elliottwave-Forecast
[GBPUSD] Potential ABC structure completedThe trend remains bearish on intraday chart, last week we tried to take a long position, but our setup failed and we lost about 40 pips, saying this, we will try again to take a long position, from our point of view, the pair may have completed a structure (ABC) and we expect an interesting technical rebound above lo low. That said, the trade has a very small risk and we will use a smaller size. If you think this analysis can be useful and you want to receive new updates about this idea, click on LIKE button! Thank you for support and trade with care!
Long
by TheAnonymousBanker
7
Amazon Elliott Wave View: Favoring More Downside $AMZN short-term Elliott wave view suggests that a decline to $1685.99 low ended black wave ((W)). The internals of that decline unfolded as Elliott wave Flat structure. Up from there, a bounce to $1856.92 high ended black wave ((X)) as Elliott wave zigzag correction. Where blue wave (A) ended in lesser degree 5 waves at $1809.88 high. A pullback to $1734.23 low in 3 swings ended blue wave (B). And finally, a push higher towards $1856.92 high ended blue wave (C) of ((X)) in another 5 waves. Down from there, Amazon has made new lows already confirming the next extension lower in black wave ((Y)), thus favoring more downside. The initial decline to $1653 low ended in red wave W. Above from there we are calling red wave X complete at 1797 and as long as it stays below that level but more importantly below 1856.92 it should see more downside. We dont like buying it as the right side is to the downside.
NASDAQ:AMZNShort
by Elliottwave-Forecast
SPX Bear Trend in Running Flat; Soon to End?Index might be in an expanded irregular flat EW, with descending wedge an indicator of diminishing supply as the bears grind down to the 0.62 Fibo retrace line. In Elliott Wave theory, in a strong bull market the ABC correction 'C' wave can terminate above the bottom of A, and may appear as an expanded flat correction, rather than a deeper C that carries below the A termination, or a so-called 'running flat.' It's really dangerous to short these, it's like trying to pick up dimes in front of a bulldozer. Expect a strong bounce at the apex of the wedge- within a day or two, if no break down. Dow closed at 253 support and Sand P just above the 274 Fibo line. After two weeks of bear control it seems the bulls are setup for a powerful rally. Don't get caught short... of course possibility exists for further break down. IF we do get a break down from this formation, it would be extremely bearish and could herald a bear market. IF we get the bounce the Bulls will roar back. Stay tuned! As always, this is not investment advice, trade at your own risk! Forex link to Expanded Flat Correction Theory: www.dailyfx.com Added ABC EW to this chart (Double-click to view- a bit buggy):
AMEX:SPYLong
by DaddySawbucks
6
BAC Elliott Wave View: Started The Next Leg LowerHello Traders, BAC short-term Elliott wave view suggests that a decline from 8/08/2018 high to $27.64 low ended blue wave (W). The internals of that decline unfolded in 3 swings with the distribution of 5-3-5 zigzag structure. Up from there, a bounce to $29.20 high ended the short-term correction against 8/08/2018 high in blue wave (X) as double three structure. Where red wave W ended in 3 swings at $28.58. Red wave X pullback ended at 28.16 low and red wave Y ended at $29.20 high. Down from there, blue wave (Y) remains in progress. Down from $29.20 high it ended red wave A at 26.12 and is currently correcting cycle from 10/17 peak in the sequences of 3-7 or 11 swings in red wave B before more downside should be seen. As long as it stays below 29.20 it should extend lower. We don’t like buying the stock and prefer more downside against $29.20 high
NYSE:BACShort
by Elliottwave-Forecast
AAPL Elliott Wave View: Ready For Next Leg Lower?AAPL short-term Elliott wave view suggests that a rally to $233.53 high ended blue wave (III) as an impulse. Down from there, blue wave (IV) remains in progress as double three structure. Where the initial decline to $212 low ended red wave W The internals of that leg lower unfolded as a Zigzag structure where black wave ((A)) ended in 5 waves at $220.20 low. Up from there a bounce to $227.48 high ended black wave ((B)) bounce. Then finally a decline to $212 low ended black wave ((C)) in another 5 waves & also completed cycle red wave W. Up from there, the stock has been correcting the cycle from $233.53 high in red X bounce. The internals of that bounce in unfolding as Elliott Wave double three structure. Where black wave ((W)) ended at $222.25 high. Then a pullback to $213 low ended black wave ((X)) as a Flat structure. Above from there, it is expected to see more upside in black wave ((Y)). And while bounce fails below $233.53 high we expect AAPL to extend lower 1 more time before upside renew or stock does a 3 wave bounce at least. We don’t like selling it.
NASDAQ:AAPL
by Elliottwave-Forecast
US 30 Correction may NOT be over folks- Risk = High!We got a symmetric triangle in the 1hrs on 10/17 with arrowhead exactly on the 0.50 Fibo retrace line. Pretty spooky and not yet Halloween. In chart an ABC EW correction wave shows a suggested pattern IF this Dog is gonna lie down again it will be soon- make or break. Seems an unlikely coincidence that we got a stalled rally exactly at 0.50. Call me crazy but... I think maybe the fat lady didn't sing yet, folks. That said, this could be alternate EW wave 3 starting if it break up from here. If it break up then we got a new impulse and it will bull. If it be red futures on Thursday morning, sailor take warning, get out your puts, she's goin down then. If this occurs, C wave will be about same as A was so another 1400 pt drop might stop around 24300-24400. I closed out all my longs today and sit on cash, risk is extremely high atmimo, for both long or shorts; can break either way but it's gonna break soon- look out! As always this post for your amusement and education only and does not constitute investment advice; good luck!
DJ:DJI
by DaddySawbucks
2
IBEX Elliott Wave Calling Rally To Fail For Further DownsideHello Traders, IBEX short-term Elliott wave view suggests that a rally to 9668.31 high ended blue wave (X) bounce. Down from there, the index made a declined in 5 waves impulse structure. And ended red wave A of a zigzag structure at 8850.20 low. Where the lesser degree black wave ((i)) ended at 9471.20 low. Up from there, a bounce to 9542.80 high ended black wave ((ii)) as a Flat structure. Below from there, a decline to 8971.30 low ended extended black wave ((iii)) in lesser degree 5 waves. A bounce to 9120.80 high ended black wave ((iv)). Finally, a decline to 8850.20 low ended black wave ((v)) & also completed the red wave A. Currently, we are calling red wave B pullback complete at 9140 and as long as the index stays below that level but more importantly below 9668.31 it is expected to see more downside. We don’t like buying it as the right side stamp is lower & calling more downside against 9668.31 high.
TVC:IBEX35Short
by Elliottwave-Forecast