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Wave4

XAUUSD - Price Forecast UpdateHello everyone, XAUUSD fell into the 1720-1670 zone last week as outlined in the previous quarter (see linked ideas). This week's price action has seen gold enter the 1670s briefly before retracing back to current levels. We're expecting price to keep below the 1760 level and fall back into the marked zone. Over the course of the month, we could potentially see some sideways action patterning a sequence of HH and HL below the 1780-1800 price level. That would be a good indicator for gold to resume the longer term upward trend soon. There is the possibility that price moves deeper below 1670, if that scenario occurs then 1640 is your immediate level of support. Will assess in further detail should that occur. Who's Elliott? The primary wave count is still the same. What we have seen in recent weeks is the potential completion of Wave C. The starting formation of a lesser degree correctional structure will confirm this. More on that once it becomes clearer. Once again, staying aware of some of the possibilities. Let’s see how it plays out throughout the rest of the week. Follow for further updates. Your 'likes' are much appreciated and your comments are most welcomed. Thank you for taking the time. Trade Safe! Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own research and analysis before making any investment decisions. Do not trade or speculate based on the information provided in this idea. Trust your own analysis. Beyond Edge
OANDA:XAUUSD
by BeyondEdge
GOLD (XAUUSD) - NEW SWING IDEAAfter we reached the target at 1740 and 1720 (1740 - 1680 area ) from my previus idea (attached here), I would say that a beautiful wave 4 made of an inside ABCDE ( 3 3 3 3 3 waves) strucure might be in competition (or already completed), in that mentioned area. But looking at the formation of this last leg down I would say that this could looks also as a wave 3 (wave 3, YES!! :D ), so I'm starting to play around this new exciting big idea and i drawed the extensions and retracements aaaaand... here is the idea: a formation of 3 3 5 waves in wich we are into the wave 3!!!!! This wouldnt have any impact in the bull count of the gigantic wave 4 before the last up move, so would be completely possibile in a bull scenario. Enjoy!
OANDA:XAUUSDShort
by fra978
6
BTCUSD Elliott Wave Forecast - UpdateHello everyone, BTC reached the second extended target of 46.4k (please see linked ideas below). I mentioned a potential rise further into the 50k zone which is the third extended target of 56.6k. Although a potential third extension is another 10k move upwards, I wouldn't be surprised to see this level achieved without a decent retracement. There is the possibility that wave 3 completes here and a correcting structure follows (wave 4). Targets for that are in my previous idea linked below. Let's see how it plays out from here before looking into the possibility of any deeper corrections. Follow for further updates. Your 'likes' are much appreciated and your comments are most welcomed. Thank you for taking the time. Trade safe! Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own research and analysis before making any investment decisions. Do not trade or speculate based on the information provided in this idea. Trust your own analysis. Beyond Edge
BITSTAMP:BTCUSD
by BeyondEdge
4
BTCUSD Elliott Wave Forecast - UpdateHello everyone, It's been a good start to the year for BTC. Printing a new high above 42k, BTC has blitzed through my initial targets of 29.8 - 31.7k and 36.2k before falling short of the second extended target of 46.4K (please see linked ideas below). The target for 46.4k is still possible as well as a further rise into the 50k zone, more on that if/when the level at 46.4k is achieved. For now I wanted to highlight the possibility that wave 3 may be complete and a correcting structure may soon begin to form (wave 4). If that is the case then we can look for BTC to head into the 27k zone and potentially as low as 22k before beginning to move back up. Let's see how that plays out before looking into the possibility of any deeper corrections. Follow for further updates. Your 'likes' are much appreciated and your comments are most welcomed. Thank you for taking the time. Trade safe! Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own research and analysis before making any investment decisions. Do not trade or speculate based on the information provided in this idea. Trust your own analysis. Beyond Edge
BITSTAMP:BTCUSD
by BeyondEdge
1
XAUUSD - Elliott Wave Forecast - Q4 updateHello all, It's pretty clear that we have a zig zag correction playing out here. Waves 'a' and 'b' have already been put in. This leaves us with the final wave 'c'. There is a strong possibility that it is already complete and the low has already been put in (please see linked idea below from Nov 22). A breakout to the upside will take price to the 1910-1920 level. However, there is also the possibility that wave 'c' will extend further with a potential lesser degree leading diagonal in play. This could bring XAUUSD to a lower level around 1670-1720. Simply staying aware of where price could likely be heading to. Awareness is key. Follow for further updates, your 'likes' are much appreciated and your comments most welcomed. Trade safe and always remember to plan your trade and trade your plan! Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
OANDA:XAUUSD
by BeyondEdge
3
Audchf short term trade opportunityHey everyone, there seems to be something brewing in the audhcf. On the greater term we have popped out of a triangle we've been in since june and have seen a small correction. As my elliottwave analysis shows, we are in the wave 4 of a greater 5 wave move, and are about to be on our way much higher. The current support will be a bit below the 3 previous swing lows. I These 3 lows, which also happen to be on the 200 ema of the 3 hour, are a HARD support and if we break it, I am looking to take a short to the downside. For this trade the target is the top of the most recent wave 3, with the ultimate target, and best case scenario being we hit the 2.618. Another reason as to why I am going long is the action on the 3 hour macd. I believe that we are starting to see some bullish divergence as indicated by my trendline. Long story short, my recommendation is that you go long up to the 0.67254 mark with a stop loss at 0.6575. I hope this trade finds you in a good time and prosperous place. All the best -Mika Kwiecinski
Short
by Mika_k
MARKET COMPLETING WAVE 3Based on Elliot wave theory, the ENTIRE market is nearing its completion of the 3rd wave. This coincidentally will happen just as the IWM is completing its full 100% retrace from lows which also follows elliot wave rules. The range to look for is $360-$365 with the mean target being $362. Everyone knows the entire market is beyond parabolic and way overvalued. there is not a single company that is not trading at a "fair value." eventually the rug will be pulled. Once wave 3 starts, we head into wave 4 which should bring us down to a minimum of $250 with a possible extension down to $200. This wave 4 will most likely follow the pattern of wave 2 with roughly 10 years of sideways consolidation. Meaning it can be a complex wave 4 having swings from $360 to $200. Once wave 4 is complete, we head into wave 5 which should easily carry SPY to above 500.
AMEX:SPYShort
by ncontelmo
1
How to Count Elliott Waves Within 10 Seconds - Part 2 [ Wave 4 ]The question is How to Count Elliott Waves within 10 Seconds. In this tutorial, you will learn how to identify wave 4. We do not follow the traditional technique of counting waves on the price chart. We follow the Bill Williams concept of counting waves on the AO. Building on Part 1 of this tutorial, we will now learn how to identify Wave 4. part 1 is linked below. The minimum requirement of Wave 4 is that AIMS Wave must create at least one bar of the opposite colour against the current Wave 3. So before you identify wave 4, you must identify Wave 3. Please HIT HIT THE LIKE button on the video above ... and ask any follow-up questions in the comments section below.
Education
by iTradeAIMS
4