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Elliott Wave

Elliott Wave theory is one of 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. They can form different patterns such as ending diagonals, expanded flats, zigzag corrections and triangles. Fifteen 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.
CrownedPresident CrownedPresident XRPBTC, D, Long ,
98 0 1
XRP Long

A good push on the 2nd wave of the Elliot wave with the Stochi RSI slowly turning on the bull side for a good long to create the 3rd wave in an estimated time frame of 3-5 months

vmanena vmanena GBPJPY, 240, Long ,
92 0 4
GBPJPY, 240 Long

GBPJPY Looking to catch wave 5

zippy1day zippy1day PRO BTCUSD, 60, Long ,
150 0 6
BTCUSD, 60 Long
BTC Bull Run!

Another stab at Elliott Wave with a Target for (V) which coincides with the "Rising Wedge" up breakout? Target : $5269 http://thepatternsite.com/risewedge.html

vmanena vmanena EURGBP, 240, Short ,
EURGBP: EurGbp expanding flat formation
101 0 5
EURGBP, 240 Short
EurGbp expanding flat formation

Looking to short the completion of an expanding flat

Bitkingfx Bitkingfx PRO STEEMBTC, 360, Long ,
STEEMBTC: STEEM/BTC - Looking great to start the next impulse up.
79 0 2
STEEMBTC, 360 Long
STEEM/BTC - Looking great to start the next impulse up.

We should now start to see money coming back into altcoins again and I think STEEM is ready to make the next impulse up. The idea behind STEEMIT is great and I can see the platform becoming more and more popular once it moves out of beta. I personally think that it will become a legitimate threat to Facebook and Twitter and will spearhead the next generation in ...

mazchaudhry mazchaudhry PRO AUDUSD, 60, Long ,
AUDUSD: AUDUSD Wave analysis
53 0 2
AUDUSD, 60 Long
AUDUSD Wave analysis

I am still waiting for C leg of B ,,Before another Drop C(main) to complete correction . Following Trade Recommendation at moment ::: Trade 1 ::: Long at Current Price till 0.8060 ( fibo 50 ) Trade 2 ::: Short at 0.8060 till 0.7980 ( Previous Resistance ) Trade 3 ::: Long From 0.7980 till 0.8160 . Many Happy n Green Pips for my followers . Elliot Wave By ...

Answer42 Answer42 PRO BTCUSD, D, Long ,
BTCUSD: Bitcoin - Wave 5 of Wave 3
711 0 12
Bitcoin - Wave 5 of Wave 3

We are in Wave 5 of the third wave up. Bitcoin continues to be in a strong trend and the $5,000 area will be one to watch.

zippy1day zippy1day PRO BTCUSD, 240,
BTCUSD: BTC Rising Wedge Up Breakout
221 1 6
BTC Rising Wedge Up Breakout

Waiting for any pullback from this rising wedge up breakout to re-enter. Target initially without pullback : $5604 http://thepatternsite.com/risewedge.html

CrownedPresident CrownedPresident BTCUSD, D, Long ,
BTCUSD: Two scenarios might play out, a move towards the 5th BTCUSD Long
114 0 4
Two scenarios might play out, a move towards the 5th BTCUSD Long

Two scenarios might play out, a move towards the 5th wave to reach 6,000 or a bounce of the cloud to find new support and then a move towards 6,000. I am expecting the second scenario to play out due to the hard-fork potentially coming up in November.

CrownedPresident CrownedPresident XAUUSD, 240, Long ,
57 0 1
XAUUSD, 240 Long

Long on gold after an ABC correction swinging to beyond NFP

CrownedPresident CrownedPresident NEOBTC, 60, Long ,
94 0 3
NEOBTC, 60 Long
NEO Long

A good long on NEO as it is creating a 3rd wave up while also getting on top of the 1hr ichimoku cloud, stoch RSI is also showing good strength for a move to the upside.

ZuhairForex ZuhairForex NZDCAD, 240, Long ,
NZDCAD: NZDCAD Long term a new idea wave analysis
21 0 0
NZDCAD, 240 Long
NZDCAD Long term a new idea wave analysis

hey traders a new idea about nzdcad next impulse Bullish look at chart there have all details good luck for all #Zuhairforex

bmck1 bmck1 PRO GBPUSD, 60, Long ,
GBPUSD: GBPUSD - H1 - Elliot Wave
137 0 3
GBPUSD, 60 Long
GBPUSD - H1 - Elliot Wave

We have seen quite a rally recently on GBPUSD with various fundamental changes spurring the explosive move upwards. Elliot Wave is something I have not really used before but am starting to look into it with more of an interest as it seems to be quite a powerful tool when the time comes. From my basic understanding of it, we might have just completed the 5th leg ...

mazchaudhry mazchaudhry PRO GBPJPY, 240, Long ,
GBPJPY: GBPJPY Wave Analysis
67 0 2
GBPJPY, 240 Long
GBPJPY Wave Analysis

B Wave in abcde was over at 139.00 level . Now We are in Main Wave C ,,,Pattern is 12345 We are some where in middle of 3 My Recommended Trades : 1::: From Current Price Long Till 1.4740 2::: Short 1.4740 Till 1.4625 3:: Long 1.4625 Till 1.4760 With this we will end up the extension of sub wave 3 I will update chart after this movement is over . Thanks for ...

mazchaudhry mazchaudhry PRO EURUSD, 60, Long ,
EURUSD: EURUSD Wave Analysis
86 0 3
EURUSD, 60 Long
EURUSD Wave Analysis

Checking wave count of EURUSD on H1 Chart in Ending Diagonal . I m Long from 1.1970 Till Previous High or 1.2125 .... Chart is self explaining . No other wave fit here at this moment . Or I m unable to fit any other count here . My best wishes n Regards to all of my followers . Elliot Wave by mazchaudhry

Answer42 Answer42 PRO XMRUSD, 240, Long ,
XMRUSD: Monero - Wave 5 begins
439 11 8
XMRUSD, 240 Long
Monero - Wave 5 begins

Monero has taken a sudden move to the upside following a long consolidation phase. Wave 4 may or may not have completed but when it does finish wave 5 will begin the move to the upside. Fundamentals: Monero is now listed on Korean exchange USA are investigating residents who own Bitcoin for taxes they may not have paid. Moving to Monero is a way forward for ...

Bitkingfx Bitkingfx PRO GBPJPY, 720, Long ,
GBPJPY: GBPJPY - Completion of corrective structure.
78 0 3
GBPJPY, 720 Long
GBPJPY - Completion of corrective structure.

Once we see the end of this current correction, I am hoping to see a continuation of the short term bullish trend to complete the pattern.

Bitkingfx Bitkingfx PRO EURGBP, 720, Short ,
EURGBP: EURGBP Waiting for the next impulse down.
74 0 1
EURGBP, 720 Short
EURGBP Waiting for the next impulse down.

Another day another Elliott wave pattern.... It's only a matter of hours/days before we see the second impulse down after this current X wave correction. I am hoping it will look very similar to the first impulsive W wave. A break of the two blue trend lines should confirm this next impulsive move. Fractals and Elliott.... what a great combo.. Good luck ...

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