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.
BigBit BigBit PRO BTCUSD, 15, 20 hours ago
BTCUSD: Leading Diagonal or Triangle ?
119 0 2
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 , 8 days ago
BTCUSD: BTCUSD "Flat" correction
140 0 3
BTCUSD, 60 Long
BTCUSD "Flat" correction

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

ForexTradeIdeas ForexTradeIdeas PRO AUDUSD, M, Short , 9 days ago
AUDUSD: AudUsd, Monthly... Possible Wave Five!
45 0 3
AUDUSD, M Short
AudUsd, Monthly... Possible Wave Five!

Possibly a wave five has started at the top of the correction I'm expecting a nice three waves down before bouncing up.

MVedra MVedra SPX500USD, 180, Short , 19 days ago
SPX500USD: Short S&P500 Consider Entering Now for the Next 4 Months
39 0 1
SPX500USD, 180 Short
Short S&P500 Consider Entering Now for the Next 4 Months

The classic 3 wave pattern has completed, with an unusually regular cycle of 4 months for each stage. With demand exhausted a pullback is highly possible, and my outlook to expect a substantial fall over the next 4 months. Elliott Wave is perhaps the least understood despite showing up across all markets and all time frames. It essentially explains the path of a ...

BigBit BigBit PRO DASHUSDT, 15, 9 days ago
DASHUSDT: Elliottwave short term pattern
60 0 4
DASHUSDT, 15
Elliottwave short term pattern

Correction or impulse beginning ?

steviepp steviepp XCUUSD, 15, 10 days ago
XCUUSD: Copper to slip...
31 0 3
XCUUSD, 15
Copper to slip...

Possible equal legs up with an ending diagonal C leg into 4hr trend line resistance. WOOPS: TARGET IS 2.41 not 4.21...

JamieFX JamieFX EURJPY, M, Short , 10 days ago
EURJPY: eurjpy short
17 0 1
EURJPY, M Short
eurjpy short

5th elliot wave, need to check fib retracement of wave 4 but this is a quick first glance

TheWaveTrader TheWaveTrader USDJPY, 240, Short , 13 days ago
USDJPY: USD/JPY - BEARISH SHARK PATTERN
72 0 2
USDJPY, 240 Short
USD/JPY - BEARISH SHARK PATTERN

Really nice Shark pattern that the market has made us , if your going to trade this then keep your risk suitable and trade safe guys , i wish you a good week ahead :)

JamieFX JamieFX USDJPY, D, Long , 13 days ago
USDJPY: usdjpy
27 0 1
USDJPY, D Long
usdjpy

possible 5th elliot wave

Bitkingfx Bitkingfx BTCUSD, 240, Short , 14 days ago
BTCUSD: BTC Wave trading.
320 2 6
BTCUSD, 240 Short
BTC Wave trading.

According to my Elliot Wave rules, I'm hoping to see something like this on BTC.

Trilo Trilo EURUSD, D, Long , 21 days ago
EURUSD: EURUSD Ending diagonal
53 0 3
EURUSD, D Long
EURUSD Ending diagonal

This looks like an ending diagonal upon wv5. Decent opportunities to enter on lower timeframes.

OP247 OP247 EURJPY, 240, Short , 24 days ago
EURJPY: EURJPY Short
51 0 3
EURJPY, 240 Short
EURJPY Short

There is a short bat pattern forming for EURJPY on the 4 hour chart, indicating a short-term decline. I would look for this to go down to around 119.42, which is the 0.382 fib retracement. We can see that RSI is close to indicating overbought, so this may rise slightly before we see the drop. CCI is also looking like it will dip below indicating momentum ...

TomBurgoine TomBurgoine GBPJPY, 240, Long , a month ago
GBPJPY: GBPJPY Long
64 0 2
GBPJPY, 240 Long
GBPJPY Long

This great formation comprises of a quadruple bottom whereby after 2 double bottom's, there then was a 3 candle price rejection. This is then followed by a further 2 double bottoms at the previous support. Combining this with an Elliot wave count, gives me a strong probability of a long with 3 take profits.

TomBurgoine TomBurgoine GBPAUD, 240, Long , a month ago
GBPAUD: GBPAUD
43 0 3
GBPAUD, 240 Long
GBPAUD

This is a Elliot wave count which has formed into a double bottom (Wave A end and C (5) wave end). This has the potential to push into a wave 3 Long showing TP1, and then 2 and then the 1.618 extension at TP3. Nice little pip collector.

mikey1435 mikey1435 PRO EURAUD, D, Long , a month ago
EURAUD: Eur/Aud long
20 0 2
EURAUD, D Long
Eur/Aud long

its retested monthly support and couldn't break it. at the bottom of an elliot wave so i think this is gonna go long. any thoughts guys?

zippy1day zippy1day BTCUSD, D, a month ago
BTCUSD: BTC EW Cycle
64 0 2
BTCUSD, D
BTC EW Cycle

In my honest opinion this has to resolve soon and the natural progression in my view, is to have an Elliott Wave ABC correction making $516 a possibility? All the fib levels point in this direction though this is Bitcoin! Of course sideways action is always possible but delaying the inevitable.

eee_traders eee_traders XAGUSD, 240, Long , a month ago
XAGUSD: SILVER Trading Forecast for February 13, 2017
21 0 1
XAGUSD, 240 Long
SILVER Trading Forecast for February 13, 2017

Silver, like its sister Gold, is bullish for the moment as long as it trades inside the channel (yellow). Goal is around 18.200 area. Happy trading everyone!

eee_traders eee_traders XAUUSD, 240, Long , a month ago
XAUUSD: GOLD Trading Forecast for February 13, 2017
56 0 1
XAUUSD, 240 Long
GOLD Trading Forecast for February 13, 2017

Because it's still contained inside a bullish channel (red), we are expecting for the price to go up. It might target the 1270 area, which is the 100% equivalent of the previous uptrend. If in the event it will break outside the parallel line, the price may automatically go down. Happy trading everyone!

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