Powerful Traders, everyday EWA's analysing & working processPING AN detailing complex Correction with ''WXY'' combination in which "W" is an irregular FLAT (3-3-5) wave structure.
Regards, Team Traders "PowerfulTraders" flat
Wxy
MAY 18 > BLACK MONDAY < NASDAQ CRASH > ELLIOT WAVE WXYAs the title suggests. I believe we will see a stock market crash on Monday, May 18. (Or Tuesday/Wednesday if WXY morphs into WXYZ)
I called for the drop today, after completion of a perfect ABC flat. This however morphed into another WXY when another upside down ABC flat formed. We are now completing the 5 wave up into Monday's open.
3 (flat ABC) - 3 (flat ABC) - 5 wave impulse up. Completing a WXY complex flat
Also holding precarious levels within long term ascending channel. And exit.
Now BOOM. The drop.
If anyone has any questions regarding elliot wave. Feel free to ask. The pdf is free and can be found here:
0104.nccdn.net
UPDATE: Elliot Wave 5-WXY, Sell OportunityChart Patterns:
- Elliot Wave 5 (Motive) - WXY( Correction) Combination
- WXY is a combination 3-3-5 (Triangle)
- Head & Shoulders Chart Pattern
Entry Point: 0.95963
Take Profit: 0.95958
Stop Loss: 0.97680
NASDAQ<SHORT--EXITandTESTandREJECT OF ASCENDING CHANNEL, WXY EWAs title kinda suggests, and continuation from (SEE PREVIOUS) posts ...
NASDAQ is heading for new lows in a series of WXY complex zig zags.
Feel free to ask any questions regarding Elliot waves. The PDF is free and can be found online here : 0104.nccdn.net
Head & Shoulders Sell Opportunity Chart Patterns:
- Elliot Wave 5 (Motive) - WXY( Correction) Combination
- WXY is a combination of an ABC (flat) - ABCDE (Triangle)
- Head & Shoulders Chart Pattern
Entry Point: 0.97098
Take Profit: 0.95958
Stop Loss: 0.97536
Realty Income Corp (O - US) - WXY wave pattern Realty Income Corp (O - US) is in WXY complex correction wave pattern from major top as shown in chart. X wave was triangle, which broken with huge volume. Wave C of Y down now started, but wait till impulse 1st wave to complete as token of confirmation.
USDCHF buy setup w/ video linkI'm going to be patient on this one. I explain my reasoning for this trade in full detail in the link below.
Berkeley Group Holdings PLC (BKG - LSE) - WXY wave patternBerkeley Group Holdings PLC (BKG - LSE) is in WXY complex correction pattern. W is elongated zigzag followed by X wave as double three correction, which is over. Y wave down is in progress which dropped with large volume. Wave B is about to over.
Sonic Healthcare Ltd (SHL - Sydney) - WXY wave patternSonic Healthcare Ltd (SHL - Sydney) is moving down in WXY complex pattern, where W and X wave was completed. Wave Y down started with relative high volume as wave 1 of wave A. Price moving in bearish outlook with invalidation points of X wave extreme.
Muench.Rueckvers - Xetra (MUV2) - WXY wave pattern Muench.Rueckvers - Xetra (MUV2) is in WXY wave pattern moving downside. X wave was complex double correction. Y down is started as A wave, wait for B wave to get into the trade.
ICICI Bank Ltd (ICBK - India) - WXY wave pattern ICICI Bank Ltd (ICBK - India) is moving down in WXY corrective cycle from major top. It has completed X complex wave in flat correction. Wait for pull back of B wave to get in to the trade for C down
Amplifon (AMPF - Italy) - WXY wave pattern Amplifon (AMPF - Italy) is moving in WXY corrective down cycle from major top. It has completed X wave in complex flat correction. Y has already made A & B of internal w wave as shown on the chart. Price is moving down to C wave of internal w wave down.
Bouygues SA (BOUY - Paris) - WXY wave pattern Bouygues SA (BOUY - Paris) is moving down in WXY wave pattern. X wave was in triangle, which was over. Y wave was started moving down, but wait for clear impulse down to get in to trade.
MMC (MMC - US) WXY wave pattern MMC (MMC - US) is within WXY pattern. Y down wave already started. Sell with stops above 96.44 for c wave down of Y. It is also under-performer stock to market.
EUR/USD (EURUSD) - WXY patternEUR/USD (EURUSD) is in complex corrective pattern WXY as shown in chart. Price is going up in Y wave. The direction is shown as upward direction in y internal wave of Y wave, which also progresses in complex formation.
US Dollar (DXY) - WXY wave patternUS Dollar (DXY) is in complex corrective pattern WXY as shown in chart. Price is going down in Y wave, which again made up of wxy internal wave counts. The direction is shown as downward direction in y internal wave. Let’s watch it closely that how price will unfold.
BITCOIN LONG Elliot Grand SuperCycle Wave 3 Underway.As the title suggests, we have now begun wave 1 of wave 3 of the Grand Super Cycle time frame since the inception of Bitcoin.
The drop from 20k to 3 k was a 3 wave WXY complex zig -zag correction.
We have now seen wave 1 and wave 2 of wave 3 of the grand super cycle time frame complete.
Wave 1 was the impulsive 5 wave move from 3k to 14k.
The 5 wave nature of that move invalidates other less knowledgeable elliot wave analysts claiming another drop in some kind of zig zag.
That is impossible when you consider the structure of these waves.
(IE, the drop from 20k to 3 k was a 3 wave move as seen here, not a 5, therefore, not a zig-zag.)
Powerful Traders, everyday EWA's analysing & working processCAT detailing complex Correction with changing wave structure!
Regards, Team Traders "PowerfulTraders"
Intercontinental Hotels Group (IHG - LSE) - WXY wave patternIntercontinental Hotels Group (IHG - LSE) is in WXY complex correction pattern from last bottom upside. Wave W is over having internal B wave as triangle, which resulted in quick reversal after it ended. X wave will made of ABC. B will end soon and starts C down for X wave.
Scenarios for AUDJPYFirst - Bullish - with a leading diagonal followed by a current correction
Second - Bearish, with an alternative WXY instead of an impulsive move
AUDUSD updateOn H4 frame the pair did not get to the target where wave Y equals wave W, that's the risk of current analysis.
This assumption is about that wxy is ok and price whether reverse into a larger move down or at least delivers wave C in a local correction.
Both scenarios imply a nice intraday move down
Massive Y wave setting up!! WXY correction Hitting the 12 k would complete the 3 waves of the X wave which could lead Bitcoin to a massive brutal crash for wave Y all the way down to 2k levels.
The final wave of a WXY correction is often the fastest so it could easily be the next way bitcoin does the unexpected...
