Holo (HOT) at the moment is in the last downward movement of the 4th wave, the wave we are actually in, so I've put my buy orders between the 61.8 and 66% retracement of the 3rd wave(0.00000023) .This level for me is key because here you have
-Golden pocket retracement
-Top of wave 1
-C wave of 4 we're in will be a 100% extension of A wave of 4
Here we examine the potential A-B-C correction in LTC.
The dark blue count reveals a scenario where we head for another impulsive wave down.
The pale green count looks at a possibly finished down trend.
From my perspective, the dark blue count seems much more likely at the moment, though continued resilience at these price levels may lead to a commendable bounce...
After a complete Elliot-Wave 12345 ABC pattern on the 4HR time frame making wave 1 & 2 on the Daily, we are now expecting wave 3 on the Daily. Going down on to the 4HR time frame we can see we have made the 1st wave along with the correction wave 2. Price has held support at the 0.786 Fibonacci Retracement level. We have entered the trade long with a very tight...
I spotted the AB=CD correction pattern on the Silver chart and built out this idea around it. I will post some more images in the comments which give more context, but essentially it seems that we are about to being wave 3 of 3 (a powerful impulse wave) in a bullish wave cycle. This wave cycle seems to be moving away from a long-term low, so could end up...
The correction looks like a regular flat, looking at the 1H chart there is divergence between the third and fifth waves on the latest move up. Price is also sitting nicely on the 50% fib retracement, I'll be waiting for a break of the orange trendline before entering the trade.
GBPUSD ,, I do like to continue from my previous analysis .
It is Ending Diagonal in ABC .
now we are dealing with C in 12345 .
Now the Details of C :::
4th Leg seems ,,it will end up at Fibo 38.2 or at Fibo 0.5 Level .
( I wont Recommend Scalping type of short at this moment )
Last Leg 5 of C :::
It is Long From 1.3325 Till 1.3850
Please take your time...
At this moment we are in Corrective wave 4 (Red) ,,, Formation ABC
Where C is near to complete .
After completing C we will be in Last wave 5 Red Long .
In My opinion following Trade should be taken ::::
Short :::: Monday London open Till 1.1670
Long :::: From 1.1670 Till 1.2280/1.2300
Elliot Wave By mazchaudhry
Hi to All !!!
First thing First ::: I am only available at week ends for analysis n ideas posting ,,,, Rest of the Week i am busy at B Options . I will try my best that my analysis could last for 1 or 2 weeks at least . Have a nice day .
At DXY Dollar index Corrective wave 4 is in Progress Formation us as...