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Elliotwavecount

Elliot wave count of S&P 500 IndexCounting back to the 1800's. on a "Grand Supercycle" level, wave 3 began in the 1930's By the beginning of 2000 we began an inherently Large ABC correction, ending with an (easily observable, in my opinion) C wave after a "throw-over" B wave leading into the current primary wave 5. I believe that Elliot wave guidelines cannot be broken, Therefore labeling human events on a chart as the historically objective cause of particular market pullbacks/pushes are simply subjective What human events will occur in the next 15+ year ABC correction? What/Who will be blamed for what is going to naturally take place already? If you were fluent in Elliot waves during the 2000's - You would have known that a fail to break new highs would mean the beginning of a wave C. Correction lasted from 2000-2009. No US president or other world leader entering or leaving office can influence these unwinding patterns. This correction is coming, the only person to blame for losing capital is the individual or entity that chose to ignore the warning signs and failed to make the trades. The Federal Reserve System does not "prop up" the market as some believe. One can trade based solely on market technical analysis, real life events do not change that! if you were trading unbeknownst to current events, market direction would be always be apparent from the chart All market decisions technically made in singularity, unless you've entrusted someone else to make those decisions for you Look to the higher period moving averages on a daily tf during corrections, as the 20, 200, and 800 MA beat against the 1600 period ma. Wave 3 has lasted 80+ YEARS! Wave 4 correction is classified on a higher degree than correction spanning 00' - 09'
TVC:SPX
by williamdas
5
BTC/USDT (4H) Could this be the DIp to buy ? - short term long Hi Traders, You probably think what the hell is going on with entire market and BTC especially as it dictate trend for entire Crypto market. In my opinion we need to finish One short subwave of wave (V) of C. C is Major Corrective wave of entire growth from 3 to 69K. So if my Elliot wave count is correct, than we will see Bottom of the Dip around 30-32K USD. BUT. Many traders alredy expect this zone and want to buy. So I expect some F@ckUp. So 1) Either we will dip only to area aroun 33K (and most BUY orders will not be filled) 2) We will fall below 30K where more Stop-losses will be triggered what could extend last wave to something like 29-27K Area. Be ready for both scenarios and Ladder your entry. Also consider your strategy and RRR ;)
Long
by Longevity_Contrarian
3