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.
Trilo Trilo GBPUSD, M,
GBPUSD: GBPUSD Elliott Wave analysis
23 0 1
GBPUSD, M
GBPUSD Elliott Wave analysis

GBPUSD Elliott Wave analysis

gangseongyeon gangseongyeon PRO CL1!, 240,
CL1!: CL1!/USOIL/WTIUSD/CLM2017 Bearish pattern
119 0 4
CL1!, 240
CL1!/USOIL/WTIUSD/CLM2017 Bearish pattern

CL1!CL2!USOILWTIUSDCLM2017 Bearish Bat pattern 88% Bearish Alt Bat Pattern 113% Elliott Wave Corrective Wave Zig Zag Pattern

LorbeerInv LorbeerInv PRO EURUSD, D, Short ,
EURUSD: Advanced Pattern & Elliot Wave confluence +300 Pips Opportunity
105 0 3
EURUSD, D Short
Advanced Pattern & Elliot Wave confluence +300 Pips Opportunity

Nice high probability , multi argument short opportunity on the daily. In line with a short trade on EUR/GBP that I opened yesterday. Euro showed some strength since the first round of the #frenchelections2017 and the US dollar surely suffered after the #Trumpleaks. These fundamental facts pushed the EUR/USD with some significant momentum into an interesting ...

Tom_Killick Tom_Killick PRO XAGUSD, 720,
XAGUSD: SILVER bullish shark
117 0 3
XAGUSD, 720
SILVER bullish shark

Hi traders, SILVER is about to complete a bullish Shark pattern. This is an excellent opportunity with a great risk reward ratio. I am expecting an up move at buy area #1 or buy area #2 I am expecting price to bounce at 15.90's or the buy area 2 at 15.20's area. Currently the potential shark has completed the C leg, and now is travelling to the D leg to ...

JohnCameron93 JohnCameron93 PRO ETHUSD, D, Short ,
ETHUSD: $ETHUSD Is this the top for Ethereum ?
116 3 3
ETHUSD, D Short
$ETHUSD Is this the top for Ethereum ?

The 3 Hard Rules of Elliott Wave Theory and 3 Guidelines Rule 1: Wave 2 cannot retrace more than 100% of Wave 1 Rule 2: Wave 3 can never be the shortest of the three impulse waves. Rule 3: Wave 4 can never overlap Wave 1 Guideline 1: When Wave 3 is the longest impulse wave, Wave 5 will approximately equal Wave 1 Guideline 2: The forms for Wave 2 and Wave 4 ...

JohnCameron93 JohnCameron93 PRO XBTUSD, W, Long ,
XBTUSD: $XBTUSD Where will Wave 3 end for Bitcoin?
46 0 1
XBTUSD, W Long
$XBTUSD Where will Wave 3 end for Bitcoin?

The 3 Hard Rules of Elliott Wave Theory and 3 Guidelines Rule 1: Wave 2 cannot retrace more than 100% of Wave 1 Rule 2: Wave 3 can never be the shortest of the three impulse waves. Rule 3: Wave 4 can never overlap Wave 1 Guideline 1: When Wave 3 is the longest impulse wave, Wave 5 will approximately equal Wave 1 Guideline 2: The forms for Wave 2 and Wave 4 will ...

LorbeerInv LorbeerInv PRO DAX, M, Short ,
DAX: Dax forecast until 2023. Finally in wave 5 !!
96 0 2
DAX, M Short
Dax forecast until 2023. Finally in wave 5 !!

At this stage longterm wave 3 & 4 are confirmed. Using the projections of the first waves in order to identify a potential wave 5 completion area and define the first entry price levels for shorting the Dax longterm. Latest minor (orange) waves are not yet clear so the initial short entry are may still change. However, even if Macron wins the french elections I ...

Tony_Dong Tony_Dong USDCHF, D,
USDCHF: A lot of Double Top or Double Bottom
7 0 0
USDCHF, D
A lot of Double Top or Double Bottom

A lot of Double Top or Double Bottom on a daily to make money! No need to use complicated ways such as Elliott, Wolfe, Harmonic. Also, no need to check hourly time frame. The lower time frame, the more difficult for you to identify a pattern.

Tony_Dong Tony_Dong USDCHF, D,
USDCHF: Wave Count
8 0 0
USDCHF, D
Wave Count

If the wave count is correct, there will be the fifth wave based on Elliott. If the count is not correct, it has been forming a double bottom by now. Still need further confirmation prior to any trading action.

Korora Korora USDJPY, 60, Short ,
USDJPY: USD/JPY approaching our profit target, prepare to sell
32 0 0
USDJPY, 60 Short
USD/JPY approaching our profit target, prepare to sell

Price has bounced up from our buying entry perfectly and is on track to our profit target. We prepare to sell below major resistance at 112.08 (Fibonacci retracement, horizontal pullback resistance, Elliott wave theory) for a drop towards 110.50 support (Fibonacci extension, horizontal overlap support). Stochastic (34,5,3) is fast approaching our 93% resistance ...

LorbeerInv LorbeerInv PRO CHFJPY, 15, Short ,
CHFJPY: Friday night, still looking at the charts?
9 0 0
CHFJPY, 15 Short
Friday night, still looking at the charts?

Not sure if price will make it the whole way still today but this may be some Monday breakfast profit!

Trilo Trilo USDCAD, D, Short ,
USDCAD: USDCAD ELLIOTT WAVE Analysis complete BEARISH
21 0 0
USDCAD, D Short
USDCAD ELLIOTT WAVE Analysis complete BEARISH

Wvb of ABC may have completed - There is a 4hr shorting trade based on bearish butterfly

Trilo Trilo AUDCAD, 15, Short ,
AUDCAD: AUDCAD Complete Elliott Wave Analysis Multi time frame
32 0 1
AUDCAD, 15 Short
AUDCAD Complete Elliott Wave Analysis Multi time frame

Complete Elliott Wave Analysis Multi time frame- Short day trade after correction

Tom_Killick Tom_Killick PRO COPPER, D, Short ,
COPPER: COPPER sell setup
53 0 1
COPPER, D Short
COPPER sell setup

Hi traders, COPPER looks good for downside. Keep an eye on this one for an entry. I suspect that price will hit the 3 wave move to the lows. I am expecting price to break down, in the form of a 3 wave minor move. There is a chance price will move higher before the move down starts, but with a tested trading strategy you should have no problem finding the entry ...

LorbeerInv LorbeerInv PRO AUDUSD, 240, Long ,
AUDUSD: Plan for June and July on AUD/USD
31 3 1
AUDUSD, 240 Long
Plan for June and July on AUD/USD

I really like Monday´s and planning my upcoming trading weeks! Sorting out strategies and plans how to target the different pairs on my watchlist. There is always so much excitements! fFamous German writer Herman Hesse quoted once: "Jedem Anfang wohnt ein Zauber inne" (Every beginning hold its own magic)

LorbeerInv LorbeerInv PRO GOLD, 240, Short ,
GOLD: Gold broke inner downtrend line
66 0 3
GOLD, 240 Short
Gold broke inner downtrend line

Retracement wave A completed in support area. Price is currently regaining forces and has overcome to inner downtrend line. On the 240M I am looking at a BatPattern for a short day trade.

LorbeerInv LorbeerInv PRO GOLD, 240, Long ,
GOLD: Gold breaks trend line in Support area
58 0 2
GOLD, 240 Long
Gold breaks trend line in Support area

Finally Gold trades above the inner downtrend line. Chasing B of the correction leg. Probably at the mid- or outer-trendline

naynay97 naynay97 USDDKK, 60, Long ,
USDDKK: Possible Elliot Triple Combo formation occurance on USD/DKK
9 0 1
USDDKK, 60 Long
Possible Elliot Triple Combo formation occurance on USD/DKK

As you can see in the 1 hr timeframe, you'll see a downward trend emerging in a WXYXZ pattern with the Z hopefully play part in the formation. Also drawn on the chart was a green support zone which indicates the market moving to the uptrend as the previous candles are touching this support line approximately 4-5 times. This gives me enough indication that the ...

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