Hey guys i noticed this pattern on LTCUSD and thought to count it too. The bearish correction seems to be over therefore i would recommend buying it. First target shall be the minute wave 3 (purple) with projection of 1.618 at price 155.40 Will update to see how it goes, goodluck!
Hi guys , i was counting this pair and i noticed a nice bearish impulse coming up for AUDJPY. Entry - Market excution as described with "Short Entry tool" Conservative - Breakdown of B wave (Blue Horizontal Ray) with SL above the C wave. For Elliott Wave professional analyses , signals or lessons i would recommend checking out the guys that are teaching me:...
Here is my EW analysis on where COINBASE:BTCUSD is headed for the next couple of weeks. We're still in the final correction wave 5 which is likely to continue for the next 4-5 days. Look for a potential entry point between 8450-8650. If Wave five breaks through channel support at 8400, look for the next entry target around 7850-8000. Once trend reversal...
If the price will go below red line - correction is continuing. If the price will go higher green line - you can open long.
Red line is the level of invalidation. If the price will go below this line, then i'll consider the 2nd version (gray)
Well, 7000 came before 4000. Will 5000 come before 8000? Call me top hunter, but I bet yes ;)
The main idea is to buy oil futures. This conclusion was based on Elliott wave principle. I hope you know basics of this type of techical analysis, if not i suggest you to read elliott wave principle by Robert Prechter. Lets come back to chart. Overall I suspect that we will see strong impulse move, that will end 4th wave and than we will see new bottom near 15...
Well, if 2200 holds it could be good buy below 2300 with 3000+ target. If not, drop to 1800 is quite possible. It's rather risky to buy at E wave end at 2300, since it could extend to 1800 and form ABC. But after confirmed pullback from E end, it could be interesting to buy at wave 2 when triangle would be broken upwards. So nothing special: waiting for triangle...
Hard to predict corrections. We could be in triangle C, (and it's good time to buy) or we will break down through trend line and C will end at 1800 area. Since I don't see bull strength going up from trend line, I assign more probability to 1800 scenario. Cheers
2200 or 2000 or 1800 ? Whatever. All these levels are still BUY if you try to imagine 4000+ wave FIVE.