Elliott Wave

Elliott Wave theory is among the most accepted and widely used forms of technical analysis. It describes the natural rhythm of crowd psychology in the market, which manifests itself in waves. The essence of Elliott waves is that prices alternate between impulsive phases that establish the trend and corrective phases that retrace the trend. In their most basic and straightforward form, impulses contain 5 lower degree waves and corrections contain 3 lower degree waves.

Elliott Wave is fractal and the underlying pattern remains constant. The 5 + 3 waves define a complete cycle. The waves can form different patterns such as ending diagonals, expanded flats, zigzag corrections and triangles. 15 different degrees of waves can be identified with each of the 5 smart drawing tools, allowing users to visually identify different degrees of waves on a chart. The key to trading Elliott waves successfully is counting them correctly for which there are rules and guidelines.
Richart Richart GER30, 240, Short ,
GER30: Dax SHORT
50 1 2
GER30, 240 Short
Dax SHORT

lets see what happens

musadliso musadliso AUDCAD, 240, Short ,
AUDCAD: AUDCAD Elliot Wave Idea
10 0 1
AUDCAD, 240 Short
AUDCAD Elliot Wave Idea

I think there might be a nice elliot wave here, i hope that this is the fifth wave and will ride it down, i could be wrong but lets hope for the best.

LukeFagan LukeFagan USDCHF, D, Short ,
USDCHF: Trend Line Bounce
24 0 2
USDCHF, D Short
Trend Line Bounce

FX:USDCHF Price is currently spiked up to the current trend line took a short position at 1.00856 looking for price to zig zag its way down to 0.99318! Patience is the key

OP247 OP247 EURSEK, D, Short ,
EURSEK: EURSEK Short
10 0 1
EURSEK, D Short
EURSEK Short

Elliot Wave Theory looks to suggest a drop to around 9.36 in the near future - 1 day chart.

wstipp18 wstipp18 GBPNZD, D, Short ,
GBPNZD: Daily GBPNZD Bat Pattern Setup With Elliott Analysis
109 0 3
GBPNZD, D Short
Daily GBPNZD Bat Pattern Setup With Elliott Analysis

Now in these next few weeks GBP is going to weaken, giving us numerous trade opportunities. I'm shorting GBPNZD because I think we have had enough corrections to complete the Y leg and we are now looking for the fall. It's not going to be impulsive but rather more choppy with numerous pullbacks. These pullbacks actually give us more opportunities to get in more ...

BigBit BigBit PRO BTCUSD, 60, Long ,
BTCUSD: New bull market ?
170 0 2
BTCUSD, 60 Long
New bull market ?

"Zigzag" correction (WXY) seems already concluded. Now up in subwave 5th of 1 (green). If that is the case, bottom of wave 2 (green) will be a buying opportunity.

wstipp18 wstipp18 AUDCAD, 120, Short ,
AUDCAD: Strong Breakout From AUD Weakness With Elliott Analysis
129 0 4
AUDCAD, 120 Short
Strong Breakout From AUD Weakness With Elliott Analysis

As you can see after hitting strong resistance AUDCAD has turned around. We have also put in some nice wave structure patterns. With this breakout, I am expecting the third wave (if the count is correct) to shoot the market down to crush targets. I have entered at market with stops above the break out candle and targets at weekly support. The RR isn't great but ...

wstipp18 wstipp18 NZDUSD, 60, Short ,
NZDUSD: Elliott Wave + Breakout Trade!
116 0 3
NZDUSD, 60 Short
Elliott Wave + Breakout Trade!

This one is gonna go down hard. Make sure you enter asap because this is not one you want to miss. I may manage the position on the way down but for now lets get short!

wstipp18 wstipp18 XAUUSD, 60, Short ,
XAUUSD: Sell XAUUSD On Rallies
103 0 5
XAUUSD, 60 Short
Sell XAUUSD On Rallies

With my Elliott Wave analysis, gold should move down to the red box at least before either coming up and making new highs or retracing even further making new lows. If you're not already in then look for sell opportunities on lower timeframes

wstipp18 wstipp18 NZDUSD, 60, Short ,
NZDUSD: Bearish Bat & Elliott Wave Pattern Idea
94 0 7
NZDUSD, 60 Short
Bearish Bat & Elliott Wave Pattern Idea

We are currently in a correction phase which could take us up to enter the bat pattern. If so we are dropping hard down to targets and probably breaking the weekly levels to create new lows.

wstipp18 wstipp18 AUDNZD, 120, Short ,
AUDNZD: AUDNZD Elliott Forecast & Flag Breakout Trade
123 0 7
AUDNZD, 120 Short
AUDNZD Elliott Forecast & Flag Breakout Trade

At the moment, in the big picture we are forming an ABC zigzag correction pattern which will take us into the 1.07408 area in which price will continue upwards. For now we can short down to this level by taking flag breakouts in favor of the downside. We have just closed below an ascending triangle on the lower timeframes and this has lead me to go short taking ...

Trilo Trilo USDJPY, 60, Short ,
USDJPY: Potential trend "hop" opportunity using Elliot Waves
42 0 2
USDJPY, 60 Short
Potential trend "hop" opportunity using Elliot Waves

Decent PRZ zone using fibs/ EW may prove rewarding. Enjoy!

wstipp18 wstipp18 USDJPY, 60, Short ,
USDJPY: USDJPY Forecast - Elliott Wave + Flag Breakout + Head&Shoulders
256 5 8
USDJPY, 60 Short
USDJPY Forecast - Elliott Wave + Flag Breakout + Head&Shoulders

There are some incredibly tasty trading opportunities on USDJPY this week. I've combined my ideas of the flag breakout with my basic knowledge of Elliott Wave Theory, which give me a bearish sentiment for this week. Additionally, we have just broken through the neckline of the head&shoulders pattern and have just retraced to test it. My stop loss is tight above ...

BigBit BigBit PRO BTCUSD, 60,
BTCUSD: BTCUSD: Double Three correction still running ?
83 0 3
BTCUSD, 60
BTCUSD: Double Three correction still running ?

Elliottwave Double Three correction in the making ?

BigBit BigBit PRO BTCUSD, 60,
BTCUSD: BTCUSD: "ZigZag" correction already finished ?
58 0 2
BTCUSD, 60
BTCUSD: "ZigZag" correction already finished ?

Zigzag correction already done, 1st wave up just completed.

MartinJekko MartinJekko USDCAD, 60,
USDCAD: Bulish today until reach 1.3370-1.3375
10 0 2
USDCAD, 60
Bulish today until reach 1.3370-1.3375

Not sure after that. This zig zag situation should be disturbed with some news probably.

BigBit BigBit PRO BTCUSD, 15,
BTCUSD: Leading Diagonal or Triangle ?
210 0 4
BTCUSD, 15
Leading Diagonal or Triangle ?

Blue: Leading Diagonal, 1-5 are subwaves of wave 1 at higher degree, hence we are seeing the birth of a new downtrend. Green: Triangle ?? In that case this is just a correction and uptrend will resume sooner than later. USD 880 is 78.6% retracement level of the whole leg since January 12th.

BigBit BigBit PRO BTCUSD, 60, Long ,
BTCUSD: BTCUSD "Flat" correction
154 0 4
BTCUSD, 60 Long
BTCUSD "Flat" correction

Elliottwave "Flat" correction at intermediate degree (hourly).

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