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Elliottwaveretracement

Elliott Correction Wave B starting upDow is entering Wave B of A-B-C correction from 5th Ellliot wave peaked at 24401 from the 1-2-3-4-5 impulse up waves in ascending wedge: Two inverted hammers last week suggest pivotal juncture and bullish bias; sub-micro analysis of wave B will show slight retracement early in July with lift into next week (1-2-3-4-5- micro pattern projected onto Wave B, has been up two sessions (wave B1), expect slight down 1-2 sessions (B2) then surge (B3) and a B4 fallback before B5 last push to top of channel. 24,950 is not impossible but I fear quite unlikely. Wave B reactions to A wave corrections typically won't get past Fibo 0.618, perhaps only 0.5... Wave B 0.5 Fibo retrace of 1400-pt drop yields ~24700, former strong support becomes resistance; Fibo .618 = 24866; When wave B is completed, index will make right shoulder and show us the upper channel of new descending wedge (projected); We have the lower trendline of forming wedge now from 24004 low tested priceline last week (shown). Likely several waves in down channel of descending wedge, A-B-C-D-E shown for example; probably ending in a panic; flashcrash from panic in Sep/Oct could drive it under 22k; Resulting reaction BO top of wedge and rejoin long trendline as next impulse wave up 1-2-3-4-5 shown.
DJ:DJILong
by DaddySawbucks
CHK 1 Hour Elliott Wave AnalysisHello Traders, In this 1-hour Elliott Wave analysis, we will have a look at the CHK stock. Up from 02/09/18 low, CHK it’s proposed to be nesting higher, where it ended blue wave (1) at the peak of 02/23/18 (3.45) and blue wave (2) pullback at the low of 03/02/18 (2.76). Up from that low, current view is suggesting that the stock is in a extend blue wave (3), where it ended internal red wave 1 at the peak 05/22/18 (5.00) and red wave 2 pullback at the low 05/25/18 (4.09). From there it completed black wave ((i)) at the peak of 06/11/8 (5.10) and black wave ((ii)) pullback at the low of 06/15/18 (4.54). Up from 4.54 low, it ended a 5 wave Elliott Wave leading diagonal structure in blue wave (i) at the peak of 06/22/18 (5.13) and the proposed pullback in blue wave (ii) ended at 06/26/18 low (4.77) in an Elliott Wave triple structure. Up from there, we are calling red wave i completed at 06/27/18 peak (5.45) and the pullback in red wave ii at 06/28/18 (5.04) completed as well. As long as CHK stays above 5.04 low and more importantly the pivot at 4.77 low stays intact in our distribution system, we are expecting it to extend higher. However, a double correction lower in red wave ii can't be ruled out as long as the stock does not break red wave i peak. We don't like the selling as the right side remains to the upside.
CLong
by Elliottwave-Forecast
GBPUSD Elliott Wave Analysis: Ready For Recovery? Hello Traders, In this analysis, we will have a look at GBPUSD in the 1-hour chart. The pair is correcting cycle from 10/7/16 low within red wave b which is expected to take the form of a zig-zag. Black wave ((A)) ended at 05/21/18 low (1.3201) and black wave ((B)) pullback is proposed to be completed at 06/07/18 peak (1.3473). Below from 06/07/18 peak, it ended blue wave (1) at the low of 06/21/18 (1.3099). Up from there, it completed the pullback in blue wave (2) at the peak of 06/22/18 (1.3316). Below from there, GBPUSD is currently unfolding as a 5 Elliott Wave Impulse with a extend wave ((iii)). Below from 06/22/18 low, it ended black wave ((i)) at the low of 06/22/18 (1.3246) and the proposed pullback is complete in black wave ((ii)) at the peak of 06/26/18 (1.3292). Below from there, the current view is suggesting that we are still within black wave ((iii)) before a pullback in black wave ((iv)) can be seen followed by another push lower in black wave ((v)) of red wave 1. Once red wave 1 is complete, the pair should bounce in red wave 2 in 3, 7 or 11 swings before the decline resumes, provided the pivot at 1.3316 high stays intact. We don’t like buying the pair in the proposed bounce as the right side remains to the downside.
Short
by Elliottwave-Forecast
AUDUSD 1 Hour Elliott Wave AnalysisHello Traders, In this 1 hour Elliott Wave Analysis we will have a look at AUDUSD. The pair ended cycle from 06/06/18 peak (0.7677) at the low of 06/21/18 (0.7344) in red wave A. The internal structure of red wave A unfolded as 5 waves Elliott Wave Impulse. Where black wave ((i)) ended at 06/08/18 low (0.75603). Up from there, it ended black wave ((ii)) correction at the peak of 06/12/18 (0.7624). Below from that peak, it ended black wave ((iii)) at the low of 06/19/18 (0.7346). Up from there, it ended black wave ((iv)) correction at the peak of 06/20/18 and finally, it ended black wave ((v)) of red wave A at the low of 06/21/18 (0.7345) From that low, the market is currently in the process of correcting the cycle from 06/06/18 peak in red wave B in 3, 7, or 11 swings and as far as the pivot at 0.768 high in our distribution system stays intact, we are looking for more downside because of its 1-hour bearish sequence.
Short
by Elliottwave-Forecast
IS RIPPLE FACING FURTHER CORRECTION? Hey Everyone, Happy Monday, and for some it is, as we have seen a bit on green overnight with BTC and a few dollars in XRP here, but is it enough to reverse the current bear market? In my opinion, NO. The latest 5 wave impulse has corrected beyond the 100% mark throwing the pattern into an extended correction,(WXYXZ) the only question now is how low are we about to continue to correct? Looking at the chart and support lines, we see if we drop below the first white support at approximately $44.00 the next stop is under $27-28.00 as there is no real horizontal support until this price point. Due to the parabolic way XRP moved to the ATH, it has had no time to hover and create any level of support other than at those lower levels. So right now I think we will climb a little bit higher here (maybe $4-5) If the horizontal support at the $44.00 mark doesn't hold, and if $28.00 support fails... XRP is more than likely going to see $20.00. Please don't shoot the messenger! Back in January and February I mentioned on another platform some coins/tokens would struggle, and with the parabolic way ripples had climbed, unfortunately I did believe at the time this token would be one of them... and right now being almost July... it appears to have proven me right. The ideal scenario is for the $44.00 support to hold and XRP to climb higher... So for now... Safe and happy trading! 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
BITFINEX:XRPUSD
by LisaNEdwards
11
ETHEREUM HAS 2 DISTINCT PATTERNS...Hey Everyone, I was looking at some ICOs and ETH prices... wow super cheap... but also noticed a couple of patterns here so thought I would share my thoughts on the current situation I am seeing at the moment... ETHUSD chart has 2 very clear patterns right now and could be either. I see this as the reason we may still be correcting. I noticed the pattern in BCH and this also applies to ETH, maybe we are still correcting from ATH in which case 2 clear price ranges are pictured on this chart depending on which pattern is the correct one. If this is C wave from ATH - price is looking to head lower $308 target If this is wave 2 correction and we recently had wave 1 - $464-421 Target range And if this 2nd target range is where it lands, we are about to go into wave 3 which is the strongest wave :) So for now... Safe and happy trading! 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
BITFINEX:ETHUSD
by LisaNEdwards
19
IS $30 THE NEXT STOP FOR EOS? Hey Everyone, Happy Sunday, the market is in such a depressed state right now, it appears very soon the only way is up... well at least that is what we are all hoping for! EOS has nearly finished correction, we have 5 clear waves up and an almost completed ABC corrective wave. I have 2 horizontal support lines, these are both very important for similar reasons. They both ensure the pattern we are currently seeing will continue higher. If these support lines hold we should continue higher in 5 waves to the $30.00 target. We have an expanding jawline, which is a good sign also for possible gains, providing the white line support does not break by any more than a wick. If this does happen this pattern is then void and we will fall lower (obviously) to a larger WXY corrective pattern. We hope this doesn't happen and the market starts to see some positive money flow soon. The global market cap is decreasing by the day, at some stage that money needs to be directed somewhere... let us all hope it is back to crypto! So for now... Safe and happy trading! 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
BITFINEX:EOSUSD
by LisaNEdwards
35
USDJPY Elliott wave analysis: 4hr tfPrice action for the USDJPY from 111.305 to 108.49 is identified in this analysis as a 3wave move that terminated a minute wave ((a)). The implication of the above is that an Elliott wave flat structure is anticipated. The horizontal red lines above indicated the possible termination point for minute wave ((b)) before a sell off ensues that should see the USDJPY retrace at least 100% of minute wave ((a)). This is indicated by the horizontal purple line on the chart. A bearish divergence on the relative strength index also further supports the potential for the USDJPY to move to the downside as it indicates the loss of bullish momentum. The only alternative scenario for this analysis to remain valid is an expanded flat structure. This permits minute wave ((b)) to retrace ~138.2% of minute wave ((a)) so that any price close above ~$112.38 invalidates the bearish scenario for the USDJPY. Possible points of entry into the trade includes selling the USDJPY as soon as price targets the horizontal red lines. This approach is more aggressive than using an alternative point of entry (i.e. POE2) which is more conservative and is initiated when price breaks below ~109.95.
Short
by Coin_Analyst
$ZRX BTC fifth wave push for 80%+ gain at 1:7 risk/rewardLadies and gentlemen, See my related idea links at the bottom of this post. Here we have a triangle pattern that makes wave iv of this wave (iii) we’re in which should finish around the 31K-34K range. We love triangle consolidations because they are dead simple to trade aren't they? Whether you’re a beginner or an expert you can trade triangles no sweat because we know exactly what's going to happen at certain price levels. Let's look at several ways you can trade this: The safest way is to wait for a break-out above 19K. Of course this would put your profit potential of only 63% but hey, that’s not too shabby. The next safest would be an entry above the 200MA on this 4H chart, perhaps at 16500. The most optimal, although a bit risky, would be at 15500. Here your stop is less but you are trading below the 200MA and we might not even get there so we have an opportunity risk (pardon my FOMO) We are right above 15000 and wrong below it, so pick your poison and lets get some gains: Entries: Above 0.00019, 0.00016500, or 0.00015500 Stop: 0.00014750 Target: 0.00031000 Risk/Reward: 1:8 Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Long
by Kinashi_San
10
$BNB USD - unstoppable or already done?Hey guys, Thank you all for the recent comments, likes, and PMs. It really helps me out a lot as a trader on this awesome platform. BNB has been working overtime lately so let’s take a serious look at it to see if there’s still more room or if that’s it. Since these recent waves (from Feb 6th to June 6th) are more of a side way action than actual impulse waves, I’m going to call it a smaller degree correction of a larger correction. So if the wave from Jan 12th to Feb 6th was the first of 3 waves down, and the recent sideway waves are the corrective waves, then we should expect the last and final wave to go to roughly to either $7.50 or $5.50 range. Technically we are looking bullish. However there is a resistance by the recent higher high trend line, as well as the .618 retracement of the wave from Jan 12th to Feb 6th. These along with other indications from BTC, we can safely assume that we should start seeing BNB correct. I'll be updating this post with more details on target the closer we get to that time. Please don’t forget to like or comment as it always helps to get feedback from you. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Short
by Kinashi_San
7
Elliot V(ii) Retracing - uptick in the downleg ongoing...The bearish inverted triangle better shown than my last idea. I could be wrong and this bull could take off running again but I wouldn't bet on it just yet. I think traders have discounted the Donald's tariff war but the full impact of waging fiscal war on the entire world will slowly dawn- prices going up, profits down; and we're close to the first rate hike maybe in mid-June. We have divergence in DOW and NDX with weak gains on Industrials, rampant speculating in techs - gap-ups are bearish too. If the hike is small there could be a relief rally off the news. Q1 earnings really over now and little driving force upwards. Lot of skittishness. Q2 two months away. Been expecting DIA 238 for retest trendline and we got to 242 last week, but the rally off that is weak and volatile- whipsawing on small volume, not a real bullish run. Real run will have steady gains day after day on heavy volume >400m daily and rising boats in all sectors. This ain't it IMHO. I been wrong before; hope I am again! Brace for impact and have ready cash at 23800! Idk if I would short this retest, its risky; I am just sidelined atm, good chance to get burned here IMHO.
DJ:DJI
by DaddySawbucks
BTC FACES THE MOMENT OF DECISIONHey Everyone, I am back! I have had a night off and got some sleep! Oh how the world looks better after a full night's sleep! I am going to start with a story, I am also a screenwriter and novelist, so if you just want the analysis please skip this bit :) BTC has had her ups and downs lately, but very very soon she is about to face the moment of decision where she is face to face with Mr. Blue Eyes... You know those crazy feelings you have when you are wondering where a relationship might go, this is how BTC is feeling right now, she has a few pathways she could follow... 1. This is the path to ultimate bliss, cloud nine. 2. She's taking it slow, she thinks this is the real deal and doesn't want to ruin a good thing, she's going to take it slow. 3. Mr. Blue eyes is nothing like she expected, RUN BTC RUN. So these are the crazy feelings BTC is experiencing right now, it is all part of the thought process when you are about to meet someone for the first time... will they like me, and if they don't like me, why not? Silly questions really but they come from all the insecurities we feel from past relationships, unfortunately no matter how hard we try, we all carry some sort of baggage with us. So this is where BTC stands right now, she has had lot's of conversations, messages and moments with Mr. Blue Eyes, but later this week, that moment where BTC makes her decision as to which way she decides to go... TECHNICAL ANALYSIS BTC is in a 5 wave impulse - right now it it not feeling like a wave 3, due to lack of strength and volume. We have the lowest volume right now for almost 30 days. Apart from a small spike here and there, it is declining. Our scenarios are as follows... 1. Small retrace after 5 waves to $7500 2. Deeper retrace to $7250 region (most likely in my opinion) 3. Bounce on long term trend line with break to lower levels - Next support levels $6850 - $6400 - $5950 So for now... Safe and happy trading! REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! Lisa N Edwards - LNE 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.... I work for likes <3
BITFINEX:BTCUSD
by LisaNEdwards
73
$IOTA BTC - quick and simple 5th wave 25% gainHey guys, I normally post trades that are at least 1:5 risk/reward ratio but being that this is such a sure shot, I figured why not. There are a number of signals in the smaller time frames that say IOTA is done with its third wave. Among them is an ending diagonal fifth wave of a third wave, so for sure our third wave is done. With that said, we can look for a correction here to either the .382 or .5 retracement. This happens to be a confluence with the 200MA on this 4H chart. Normally when you get a fib zone right at an MA, you can bet your pants we’re gonna dance. There are 2 stops you can take. One would be 500 satoshis below the MA which I feel is risky since the correction can go all the way down to 20688. A safer stop would be below that at roughly 20500. This trade is unlike my other trades in the sense that you don’t have to wait forever for it to materialize. You get in, get out, pocket the profits, and go buy your family a nice dinner. Wham bam, thank you mam. Don’t get fresh and try to HODL beyond 28500 you dare devil you. Entries between 0.000232 and 0.000223 Stop: 0.000205 Target: 0.000283 I’ll be updating this as we go and if market condition dictates, we might have to close the trade early or take less profit and let the rest ride. Please don’t forget to like or comment as it always helps to get feedback from you. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Long
by Kinashi_San
2
Ethereum #ETHUSD - correction completed, time for a rally?After the completion of five growth waves at the level of $ 840, the price of ETHUSD fell below 61% Fibo and set a new local minimum at $ 492. The correction is ZygZak's character and this is a typical correction for the second wave. Nevertheless, the market is still below the local downward trend line and only a break above this line and above the resistance level of $ 615 would open the way to a potential attack on the summit.
BITFINEX:ETHUSDLong
by sebastian.seliga.7
8
The $NULS BTC train is departing soon 200% gain 1:12 RRHey guys, This is an update to my previous idea on NULS. Please see related idea below. It is not too late for entry into NULS. You can market buy below 52000 or set your buy for 50K or lowest 49500. Entry: 0.00052000 - 0.00049500 Stop: 0.00043500 Target: 0.00160, exit half at 0.00105 and wait for my update for re-entry. Please don’t forget to like or comment as it always helps to get feedback from you. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Long
by Kinashi_San
9
$ETH USD - Bull run or bust? 90% gain at 1:7 risk/rewardHello friends and fellow traders, welcome to this idea on ETHUSD. Looking at the weekly gives us a good idea as to how far ETH has come and where it’s planning to go. On a conservative estimate, I’d say $20K isn’t out of the question for ETH some day. From the surface, if one just look at ETH’s correction from $1400 to $360, one may arrive to the conclusion that yes, we’ve hit support and since we’ve past the .618 retracement, we’re likely done with the second cycle, wave II, right? Possibly, but I doubt it. Typically the second wave retrace does about .382, .5, or .618 the time it took to produce the first wave. So in this case, the earliest we should expect ETH to be done with its second cycle would be near the end of the year. With the short bull run that BTC will be having, it’s not out of the question to expect a short bull run for ETH, which may be followed by several months of correction to take it down to the low 300s. With those assumptions in mind, we do have a fairly decent trade setup as follows: Entry: $570 - $550 Stop: $500 Target: $1100, exit half at $800 and spread the rest up to $1100 I’ll be updating this as we go and if market condition dictates, we might have to close the trade early or take less profit and let the rest ride past our original target. Please don’t forget to like or comment as it always helps to get feedback from you. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
COINBASE:ETHUSDLong
by Kinashi_San
1
$NEO is about to turn up the heat! 200%+++ gains Guys, Let’s take a look at the Crypto God’s plan for NEO: We know NEO is about the take off, and it’s just a matter of time and having the patience to wait for this move. It’s all good because NEO pays GAS so the longer you HODL, the better! Knowing what we know from the chart, let’s put a trade together for NEO: Spread your entries: $52.50 down to $50.00 Stop: $44.00 Target: $175. Take half profit at $135 and spread the rest up to $175 Risk/Reward: 1:14 Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Long
by Kinashi_San
$ZIL BTC - the FOMO is strong - 120%++ at 1:10 risk/rewardLadies and gentlemen, This is an update to my previous idea which was doing well until we broke the structure trend line. I hope some of you were able to exit right at break as mentioned and still made a little bit from that last trade. Here we see the original idea (prior to the last idea) being developed. You can FOMO market enter here, or wait until the full story unfolds at 1250. Either way, we should expect near 3000 soon. If it doesn't go our way, we need to stop below the .65 zone since it might do .786 which is quite a bit further down Entries: .00001250 to .00001350 Stop below .0001150 Target: .00002900, take half profit at .00002450, and spread the rest all the way up to .00002900 Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Long
by Kinashi_San
18