Detail @ The Chart. I wont long but waiting for sell setup
I'm not an expert at Elliott Waves... (I'm still learning.) 😅 but I have a knack for seeing complex patterns as my day job is a creative professional. 🤓 (Trading is my side hustle.) This appears to be a complex bearish correction at the top of a very nice rally up. Everything in life expands and contracts. ☯️
I wasn’t satisfied with the 38% correction and here is a bearish scenario for bitcoin to complete a double three correction. The four last waves could be 1234 of a 5-wave move as sub-wave 1 of wave 3. A higher-high would signal a bullish scenario and lower-low signals the bearish scenario, simple as that. For the bearish scenario all three targets 0.38, 0.5, and...
We appear to be moving in a double three for this 4th wave correction. Looks like it might continue up to ~8300 before turning back down.
ETH has completed a 5 impulse wave and is now currently developing in a possible "double threes" Elliott Wave corrective pattern, consisting of a flat (abc), a 3 wave (zigzag) reactionary, and a (apparently rare) expanding horizontal corrective wave. If we see a successfull completion of this correction by remaining above 900 levels, then we can expect another 5...
NZDUSD forms a double three (WXY) pattern with a subdivision of wave Y (premiere degree) is an expanded trianggle. My observations on this case indicate that FE level 1.272-1.618 is vulnerable to reversal. So, I estimate wave E of this expanded triangle will be completed at the FE level of 1,272-1,618. The next few weeks may still rise to reach that FE level....
Hi Guys, This idea is just for educational purpose, many traders are out there trying to figure out what kind of pattern is making in AUDNZD, I took some time on this, and come to result that this thing is complex corrective structure name as double three or WXY. that whole abc is zig zag plus zig zag correction and zig zag Y wave. it will be amazing how it will...
Was expecting a flat correction and a move to the upside, but it seems like the correction is not over yet. The pattern I am seeing now, is a Double Three correction with the middle wave in the making. Will be shorting this pair at the break of the trendline. Fib retracement levels should serve as targets.
EURUSD is currently rallying with a second impulsive wave toward the top of the declining channel. The pair may see some resistance at these levels as wave-(c) did not surpass the start of wave-(a) and a sideways symmetrical triangle may be underway prior to the continued rally. The channel resistance may add to the bearish bias at these levels. I am still...