Price action and chart pattern trading setup:
> A massive bullish wedge downtrend wave ready for bull rally + 150% upside (0.11+ USD)- strong dynamic SMA200W and wedge TRIPLE PIN BAR trendline support.
> The key symmetrical resistance to breakout SMA200D and upper resistance 0.06 price if breakout successfully the next target at 0.07 and 0.09.
> Indicator: both...
INVALIDATION: BEYOND 150% (2353-2354).
Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective.
Trade safe, Everyone!
Cheers.
A potential ABC - Cup pattern formation scenario
TFW - current multiple falsebreak below 161.8% extension - a sideway / sideway down movement implication
> RSI convergence signal supporting wave 3 status
> Projecting wave 4 at rounding cup support level, possible 20 week moving average and 100% fibonacci support zone.
> Targeting wave 5 at 361.8% fibonacci...
📉Hi Traders, Investors and Speculators of Charts📈
ETH is currently following BTC along with the rest of the crypto market into a correction wave. By following Elliot Wave Theory, we can find a target for a potential bounce zone for the current corrective pattern.
Ideally, we'd want to see a successful bounce from the 50d moving averages here (green), but a wick...
I don't trade them, but will help assess where BTC may be headed.
On the 2 day you can clearly see 5 wave count down, then by theory, there should be a 3 wave correction, up, smaller, we've seen 2 of them, up and down, should be another up-side, but then I think ETH gets one more 5 waves down to the white line previous tops and in the 61.8-78.6 fibarea, for a wick only
BITCOIN EW LONG TERM COUNT
Primary Plan: Move from late 2022 looks extended, aiming at this as potential extended wave that should continue to drive the price higher this year. Wave (4) of III looks like a simple Zig-Zag for now and if we re right price should find support around 60,447-59,493 zone.
Alternate Plan: We are going for Double Three (7-Swing)...
I've been tracking this Elliott Wave count for some weeks now including other coins. We have an obvious 5 waves carved and RSI divergence on the daily/weekly. We now have all the characteristics of a Wave C decline with very rapid price movement declining over the weekend. The Wave 4 bottom was taken out, which can be a spot for liquidity before moving higher and...
Price has entered and exited the target box for this retracement. Although price could try to get higher in the target box, only a move that breaches the recent low of $830 will signal a confirmed top that could be long term in nature.
Best to all,
Chris
A potential bull trap scenario with one more wave downtrend.
1. First correction - Extended flat ABC
Wave B retraced 78.6% / w.a and w.C: extended 161.8% of w.A
2. Complex triangle ABCDE pattern
3. The current downtrend wave doubled zigzag ABC pattern with wave 4 in c leg targeting 38.2-50 % retracement at ma50w, creating a false breakout signal before final wave...
Welcome on board dearz, last post was deleted by admins coz I wrote smthn' against rulez
BUT
I learned my lesson and I really wanna share my idea here:
Az u can see, Binance becomes greedy and take all good projectz he can reach, but I in doubts'. Thatz WHY I make 2 Fibo channels, lest look togeza how it will be goin', IMO its a huge Mr.T lime bodybuilder or giant :)
This TFW wave analysis in this scenario of a 5 wave expanding diagonal structure:
w.1 - completed Dec 2017
w.2 - declined @ 78.6% of w.1
w.3 - an impulse 5 wave @ extension 361.8% of w.1.
w.4 - also @ 78.6% of w.3 ABC structure (alt count 1-2-3-4-5) overlapped w.1 zone by 10%+/-.
w.5 - currently preferable ABC or 123 structure with a complex w.B/2 wave correction...
SOO, nowdayz good projects are rarity, but ENA is what u want to hold, I guess.
Binance was very kind and generous(NO) to let us farm some tokens, and its brand new thin', we all wanna pick up.
ANYWAY
To be honest, I don’t like everything related to ETH and its commissions, I also associate the word ETHENA with something bad, and you will understand this if you...
After completing the first upward Impulse wave, we've seen a downward correction in the form of Wave A, followed by a complex correction Wave B forming an ABCDE triangle pattern. Now, as the triangle appears to be completed, we anticipate the breakout of Wave C to the downside, with expectations of it continuing towards the Fibonacci 61.8% retracement level.
GETTEX:NSE : NIFTY
NIFTY Index since its inception in 1990 - completed Wave 1 in 2008 followed by Wave 2 with FIB approx 0.5 Fib level retracement.
Then continued wave 3 impulse wave until COVID impact with a sharp correction(retracement) to 0.382 fib level marking the completion of wave 4.
when waves 1 and 3 neither of them are extended and wave 4...
PEPPERSTONE:XAUUSD
Following the principles of #ElliotWaves, when waves 1 and 3 form without any extension, then wave 5 tends to make approximately the same magnitude in the same amount of duration.
Wave 1 - Magnitude - ~ $76+ in ~ 2 D and 17 hrs
Wave 5 - Magnitude also made ~ $76+ (Short of 60 cents) in ~ 2D 11 hrs as of this post.
In this scenario, when...
Greetings, fellow learners of the financial markets! Welcome to RK_Charts, and today, let's delve into an educational exploration of Affirm Holdings.
Technical Insight:
Affirm Holdings is currently trading near $36.70, showcasing an intriguing Elliott Wave pattern. Having successfully navigated through waves (1), (2), and (3), the stock now finds itself in the...
Currently, Price is at 78% retracement of 1st Wave of C-wave, which is 2nd Wave and may move downwards for 3rd Wave. Target may be 1260 based on Support.
