Elliottwaveretracement
LTCUSD - "See What I Cee"Since we have broken down to 50.23 from the bearish triangle, and a nice 5 wave impulse up to 56.4 hitting 76.4 of A, we are seeing C coming. But more importantly, we are seeing all the C's line up .
IF AB=CD then we have
External AB=BC at 61.8% AND..
Another larger external AB=BC at 61.8%.
If we go higher than 56.4 we lose all the C's from lining up!
Remember that when cycles within cycles are lining up in fib. retracement, they become more powerful predictors.
Retracement in BhartiAirtelIt looks that on W - the stock has performed sincerely to respect the elliot waves. However, by the end of this week and with the beginning of the next a retracement is expected to be followed where the stock would dip to level sub-500 and attain or test the new support of around 477 and probabilistic-ally would continue the upward trend. Thus, we can maintain the calm and watch the stock for a possible pull back- where the people with sell side likeness can short sell in short term and those looking for a buy can wait to enter at a discounted level.
EOS potential for this Elliot Wave Attempting to map out EOS's path for the remainder of the wave pattern. Added the correction (attempted not the best at correction waves). Feedback is much appreciated!
Short then Long ObservationHello Trader,
Short for wave C as correction then Long for Bullish Gartley.
R:R approx 1 to 2
Trade with care.
BTC/EUR BEAR markets OPENS new entry LEVELSWe need to go down to test the support line again before going up.
1-2 was not so deep it was more sideways and slower so this means we are going more steeper down on 3-4.
Constructive feedback & comments are welcome!
Gold - Climb aboard, strap in & hold on!Gold has shown a confluence of key level, a strong Elliot cycle completing and a bullish PINbar signal at key support, which includes the 200 EMA & 61.8% retracement levels. Low risk entry at a key level, with bullish signal but counter current trend. 21st day of Daily Cycle. Likely DCL is now in place. High volume on the pinbar day, RSI oversold and reversed, TSI crossed from oversold. This is day # 21 of the daily cycle, with day 22 being a typical bottom. Targeting a new entry at 1271 with a minimum target of 1303 within 14 days. This reversal has the potential to challenge all recent highs and blow the doors off the 1360 level. Let's see where this rocket ship takes us and who has the stamina to hang on for the ride.
USD/SGD - Bottom expected near 1.3300USD/SGD - Closing in on strong support near 1.3300
It has been a while since I last updated USD/SGD and as it's close to strong support near 1.3300 it's about time to do so.
USD/SGD saw a nice five wave rally from the August 2011 low at 1.1994 to 1.4546 in January 2017. The following decline from 1.4546 is clearly in three waves and is now closing in on strong support near 1.3300, which should be able to protect the downside for at least a correction and possibly the start of the next impulsive rally to above 1.4546 in wave C.
For now keep you attention towards the downside for a move closer to 1.3300, but don't fall in love with the downside as a major bottom is expected shortly. We are not quite there yet, but we are close.
Correction SoonIts been a great past few weeks for LTCUSD. It's time to correct down and attract new buyers. This is a healthy market move and I'm still very much long in LTCUSD. LTCUSD still has the healthiest uptrend in the crypto market as far as I'm concerned.
We may see one more bull run after this consolidating triangle, but I'm not banking on it. To be safe, I've set a stop just under triangle to sell off the peak in the event of a downward break. If it breaks up instead, I'll follow and update stop to next peak.
Historically, LTCUSD has produced 5-3-5 zigzag style corrections. I see no reason why this one shouldn't be similar (in fact I just copied and pasted the last correction to project...). I plan on buying the B up wave in the correction for a sell off before wave C starts. If it maintains the uptrend, drops down to 50-55 region likely.
However, this correction may be larger in magnitude as I count it as the completion of an overall cycle wave 1. I may be wrong, and please correct me if you see differently. If it breaks the uptrend support line, I expect deeper drops down into the 40s. We will have to wait and see.
In any case, my long positions are very optimistic with prices breaking $100 in the next 6-9 months post correction.
An idea for BCHI feel like BCHUSD just had a triple 3 (WXYXZ) correction for a 50.0% retrace of highest degree wave 1. If this is the case, highest degree wave 2 should be ending at around 630-640 and start start upswing back to 705 resistance.
If it breaks 705, I expect highest degree wave 3 to begin. Next major resistance at 750. I calculated wave 3 possible top at 1190 using 1.618 FIB. Target set to 900-1200 region.
If it doesn't break 705, I'd imagine it will retest uptrend support around 660.
Feel free to criticize, I'm learning Elliott Wave Theory and welcome your knowledge.
DAX / H3 : Ending diagonal to terminate wave corrective C ?Reagarding the current counts, I think the most probable scenario would be an ending diagonal to terminate the corrective wave C. I suggested before this was too early to buy eurozone with a very bearish potential on US equities.
US now tends to validate the bear scenario, and of course EU struggles to hold its supports. Plus Sinewave never showed any bull signals and on the opposite showed sell continuation cycles. All tends to confirm this bearish continuation on DAX. We need further price development to confirm the ending diagonal but that's the early scenario I'm no waiting for.
Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
[EW COURSE] IMPULSIVE WAVES SETUPBEST PLACE FOR ENTRY AREA
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CR1 = Research for BUY OPPORTUNITY on W(2) and W(4)
CR2 = Research for BUY OPPORTUNITY on W(2) and W(4)
CR3 = Research for BUY OPPORTUNITY on W(4)
CR4 = Research for BUY OPPORTUNITY on W(2) and W(4)
CR5 = Research for BUY OPPORTUNITY on W(2 ) and W(4)
CR6 = Research for BUY OPPORTUNITY on W(2) and W(4)
CR7 = (We don't trade it)
CR4 = Research for BUY OPPORTUNITY on W(2 ) and W(4)
FAIL IMPULSIVE WAVE:
- W(3) OVERLAP W(1)
- W(3) CLOSE BAR BELOW W(1) HIGH
EW GLOSSARY
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EURUSD 4h Elliott Long setup and short setupEURUSD 4h Elliott Long setup and short setup
Resistance: 1.14760
Support: 1.13072 - 1.12415
This is not investment advice
LTCBTC short 2nd Elliot wave is taking market by Storm 10%I thought that the second that the bullish for another bullish push but my suspicions were right and I it seems like that 2nd Elliot wave is on the play see BCN/BTC prediction. All the cryptocurrencies besides they use are in correlation with each other some of them more and some less but in general their behavior is very similar.
LTCBTC didn’t go thru 0.020000 which is very nice and respected psychological level. GAP based on weekly intervals is marked on the chart as well which combined with 0.02000 is creating very solid support/resistance area. I marked two head and shoulders formations plus there is almost perfect respect of important Fibonacci level 38.2. This chart is packed with many sorts of patterns and price action which suggest strong pull back and by the look at the polo exchange I wouldn’t expect prices to go up in short medium term.
I would suggest first level of TP area around 1.618% which is around 0.015000
My goal for this short position is 1.9$ which depends on the BTC value but I assume it will go below 0.010000 and I’m not expecting for BTC to go below less than 1000$.
If You look at the charts and see how some of the prices are ridiculous high compare to last year.
If You follow 10% challenge we are around -10%
I would go short here and I believe there is still time to enter the market and TP just above 0.0220000 and TP around 0.010000 or 0.05000.
I will keep You posted if I will close position before that or if something will change.
ETHUSD Elliott Wave CountsPossible Wave C correction completed. Retraced 50% of Wave 3, and corrective Wave A = Wave C.
Elliott Wave Analysis - Possible BTC Correction Path & Target(s)Various Elliot Wave counts have a high probability that Wave III completed just short of the 3000 level. After the completion of a major leg, a correction ensues to retrace a portion of the entire move. The correction can form various patterns, though a Zig-Zag or A-B-C correction is a high probability. Wave A corrected from 2980 to 2121. Wave B countered retracing back up to 2789. The Wave C correction should equal at least the full distance of Wave A. 2980-2121=859. Subtracting 859 from the B Wave high at 2789, results in a target of 1930, which also approximates a 38.2% retracement of the entire Wave III rise. The Wave C correction could extend to 1.618 of Wave, but this is a lower probability. Breaking key support near 2460, puts the Wave A low of 2121 as an initial target. Then a bounce before the target 1900-1930 levels are in play.
Understanding Elliott Wave Structures (Educational)Basically Elliott Wave rules state that the market moves in a series of 5 and 3 Waves.
Here we are going to take a look at the basic 5 Wave structure and general fibonacci rations that come into play with these Waves.
As you can see in the main picture that we have a 5 Wave down movement which has all the ideal fibonacci ratios.
GOLD; retracement soonWe should be due for a retracement targeting .618 levels @1280/81 before the big wave 3 drop .
GL!
BTC Elliott Wave Count - Near Term Top? #BTC Has BTC reached a temporary peak based on Elliott Wave Count methodology? The analysis is based on the available and relevant price data from the Coinbase Exchange. Wave 5 appears to have peaked at the US$3000 level, and is now correcting. Affecting BTC's near term price uncertainty is the UASF BIP148 vs Lightning Network issue that has not been resolved as of writing this post. Fibonacci retracement levels are included in the chart.
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[EW COURSE] ABC STRATEGY (Part 1)How to trade a "abc" structure (Part 1)
TACTICAL: SELL "B"
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[EW COURSE] FLAT CORRECTIONTYPES FLAT CORRECTION WAVES:
There are three predominant types of flat corrective waves. These include:
Expanded flat: This is arguably the most common flat wave formation and occurs in the second and fourth wave of an impulse wave. What connects the expanded wave to the initial impulse wave is a zigzag or other types of triple or double connection. In a bullish market, the price of the underlying asset moves against the trend to form a 3-wave shape. In an expanded flat wave, wave B also appears in a 3-wave structure and goes beyond the start of wave A, while wave C extends beyond the end of wave A. The expanded wave is also known as an irregular flat although this term can be misleading as the expanded wave appears more often than other types of waves.
Regular flat: In a regular flat correction, wave B ends slightly at the start of the wave A while wave C ends just beyond the end of wave A.
Running flat: A running flat wave is a 3-3-5 wave. Here, wave B terminates past the start of A wave and C stops almost close to the end of wave A. The formation of a running flat is quite rare. The difference between the expanded flat and the running flat is the point at which wave C stops. In an expanded flat, Wave C ends beyond the end of wave A.
All in all, each type of corrective flat is essentially an ABC wave with a 3-3-5 sub-waves or configuration. It is also important to note that these types of corrective flats go against the trend of the impulse wave, one degree higher.
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HARMONIC CORRELATION
