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Ending Diagonal

EURGBP Elliott Wave Analysis: Ending Diagonal Causes A ReversalHello traders! EURGBP is coming higher for the last few weeks, after the pair moved to the lower side of a big 2016-2020 range. Notice that pair is coming higher after a five-wave drop on a daily chart where we see a bottom formation because of a wedge pattern in a fifth wave. Wedge, or ending diagonal, is a special type of a pattern that has a slow and choppy price action, with slow momentum and volume, which is normally indication that opposite move will occur, usually very strongly. Notice that so far, we can see a price coming nicely out of a wedge so we should be aware of a higher prices, but possibly after intraday set-backs. Many times you will also notice that after an ending diagonal is finished, price will retrace back to the starting point of the pattern which in our case is at 0.8720. Trade well! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Long
by ew-forecast
1
It's end. diagonal.Gold Multi Months Correction end soon!3/12/21GOLD downward internal wave structure since 16 Nov 2021 seem like an ending diagonal pattern which is "ONLY" happen on either wave 5 or wave c. As GOLD current price structure. it's is possible that now are @ the near end of wave 2 (Yellow) which is a running flat abc (green circled) pattern . So we're in "high probability" to end the multi months bearish correction of Gold before an impulsive move exceed above 1900-2000!
FX:XAUUSDLong
by SteveTan
EURCAD could be the play of the next few monthsEven though the USD DXY took a bit hit late in the week the USDCAD did not drop as it should have. The CAD is also tied to commodities and especially OIL. So the CAD took a hit too. With this in mind, the EURO could be strengthening over the coming weeks and it would make sense then to play EUR/CAD as long as OIL continues to correct. From an Elliott Wave perspective the turn happened following an ending diagonal. And of course, the current move looks impulsive.
Long
by peterdcharlebois
2
Bitcoin BLX - 400 000 USD (April 2022) + Monthly Channel!- A lot of people think that the end of the cycle will be in December 2021. - In my opinion, its not true. - As per my parallel channel on the monthly scale, we can hit 400 000 USD (in April or later 2022). - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
BNC:BLXLong
by UnknownUnicorn2537518
6
PolkaDot DOTUSD - HUGE Parallel Channel on the Daily chart- Polkadot - DOT - Rank #8 -Coin - Polkadot is strong on the daily timeframe , as we can see. - The price broke out of the bullish falling wedge and now is unstoppable! - On the daily time scale, we can spot a huge blue parallel channel , which acts like a support and resistance . - Target top of the chanel or 1:1 fib extension on the daily chart . - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - Due to my Elliott wave count, the correction is totally over and we can expect a higher prices! - If you want to see more of these ideas, hit "Like" & "Follow"!
KRAKEN:DOTUSDLong
by UnknownUnicorn2537518
6
Tron TRXUSD - Next wave +1000%, Elliott wave + Wedge!- On the chart we can see an incomplete Impulse Elliott Wawe (5th wave). - Rounding bottom or cup and handle is also printing on the chart. - Volume is very bullish and also RSI is prepared for another pump! - Target is 1.618 fib trend-based extension + top of the ascending wedge + 5th elliott wave. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - Huge bullish volume is also one of the positive signs! - If you want to see more of these ideas, hit "Like" & "Follow"!
KRAKEN:TRXUSDLong
by UnknownUnicorn2537518
18
Cardano ADAUSD - Elliott Wave + Rounding Bottom! +1200%!- Cardano is currently breaking out to new ALL TIME HIGHS! - On the chart we can spot a Symmetrical triangle - The price is creating higher lows and lower highs. - Also, the price is above the ALL TIME HIGH level from 2018, which is very bullish . - We will experience an acceleration to the upside in a few days! - Profit target is 0.618 FIB extension, which is around 30 USD - 1000%. - Cardano made a huge rounding bottom or cup and handle on the weekly time frame. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - Due to my Elliott wave count, we are currently at the 5th impulse elliott wave! - If you want to see more of these ideas, hit "Like" & "Follow"!
KRAKEN:ADAUSDLong
by UnknownUnicorn2537518
19
Litecoin LTCUSD - 5000% gains + Road to 10 000 USD + Triangle- Litecoin - LTC - Rank #17 - Coin - If we take a look at the chart, we can definitely spot an ascending triangle. - We have very important double top resistance right at the ALL TIME HIGH level. - Litecoin is prepared for a huge pump! - We need litecoin, because bitcoin transactions are very expensive. - That's why everybody uses litecoin at this moment. (Paypal, ATM machines etc..) - RSI is prepared for a next pump! - 1:1 FIB extension = 1750 USD Profit target. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
COINBASE:LTCUSDLong
by UnknownUnicorn2537518
23
Fetch.AI FETUSDT - Elliott Wave + Ascending parallel channel!- Fetch.ai - FET - Rank #133 TOKEN. - As per my Elliott Wave count, we are currently in the 5th wave, which can be huge! - Also, we have an Ascending parallel channel with total 7 touches. - FET Is prepared for another pump very soon! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
8
BitTorrent BTTUSDT - Bull flag- BitTorrent - BTT - Rank #61 - Token - BitTorrent is the most popular torrent client (together with uTorrent). - On the chart we can see a bullish flag , which is currently breaking out! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - The price retested the ALL TIME HIGH level, we can clearly see a sign of interest at this point. - 1600% gains is possible in next months, so be prepared! - If you want to see more of these ideas, hit "Like" & "Follow"!
BLong
by UnknownUnicorn2537518
14
HARTA may done long term correction. 29/Oct/21HARTA may completed its running flat pattern abc (green).. at RM5.440 where wave c (Green) price stalled at :- 1) Lower Trend Line ( Cyan/Light Blue Dashed) of wedge pattern/Ending Diagonal Pattern 2) Major Weekly Demand Zone (Cyan/Light Blue Slim Rectangle Box ).. Daily Chart might form a triple bottom where price will come close to RM5.550 before resuming up trend...Cut Lost for the long will be at RM5.440.. Target Profit is above RM20.00
MYX:HARTALong
by SteveTan
2
ISSP , Is this the end of its bullish cycle?The recent All Time High (ATH) just hit the 1.618, and then followed by bearish engulfing. Additionally, there is a potential ending diagonal pattern. TP 2 & TP3 are for overextended scenarios which is low probability if we're considering the current market condition. If ISSP can break out from 394, we can expect potential upside target around 436 - 526. ISSP technical chart represents neutral with caution market condition. DISCLAIMER ON This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
IDX:ISSP
by UnknownUnicorn15813494