UnknownUnicorn924366

UnknownUnicorn924366 Updated 

Elliot Wave Impulse Cycle also took on a ascending broadening wedge pattern and if it breaks the wedge support then according to the pattern it should return back to the start of the pattern. On the weekly the RSI is VERY oversold. * Not Financial Advice*

UnknownUnicorn924366 Updated 

Litecoin is in a broadening descending channel. Fib retracement of 50% corresponds with resistance of the channel and the RSI > 50.

UnknownUnicorn924366 Updated 

- Top of Descending channel - Bearish Divergence *Not Financial Advice

UnknownUnicorn924366

15 Minute: 5-3 Elliot Cycle completion completing within a horizontal channel. Start of Wave 1? RSI > 50 Entry on a clean break above resistance line. Target the height of channel. SL zone shown *Not Financial Advice*

UnknownUnicorn924366

Established channel with the price brekaing under the EMA 200, which may act as strong resistance at the .618 fib retracement of previous high. Quick Scalp. *Not Financial Advice*

UnknownUnicorn924366 Updated 

Breakdown continuation symmetrical triangle pattern to finish ABC correction of impulse wave. Entry on 100% extension of AB (.5) RSI Bearish < 50 *Not financial advice*

UnknownUnicorn924366 Updated 

Completed 1-2-3-4-5 Elliot Impulse Wave followed by ABC FLAT CORRECTION (Bullish) - Bullish MACD Cross - HIdden Bullish Divergence on the 4 hour time frame Wave 1 Next?

UnknownUnicorn924366 Updated 

Double Bottom potential breakout. SL below major support lines (SL1) and SL2 (below channel) Target 1 - Top of Channel Target 2 - Execution of DB pattern at .618 retracement

UnknownUnicorn924366 Updated 

Elliot Impulse Wave followed by an ABCDE Correction Pattern. Target Height of Correction Triangle. Wait for an RSI > 50 and break upwards out of the resistance of the triangle. Entry Zone shown (E) Target Zone ~ 136 - 150. SL below triangle. *Not financial advice.

UnknownUnicorn924366 Updated 

Elliot Impulse Wave followed by an expanded flat correction with fibonacci analysis. Wave (b) is 1.382 of wave (a) and wave (c) should be 1.618 or 2.618 of wave (a), which would align with the .382 or .618 retracement of wave 0 - 5 In addition, bearish divergence on the RSI with a HH on the price and a LH on the RSI.

UnknownUnicorn924366 Updated 

We have what seems to be a completed Elliot Wave Cycle. With 5-3 completed and C of (ABC) correction completing on the .618 fibonacci retracement level of elliott waves 1 ---> 5, we could be seeing wave 3 of a new Elliot Wave Cycle. Additional Cases For Long: - inverse h&S formation - RSI > 50 - Clean break of support turned resistance line

UnknownUnicorn924366 Updated 

On the 4 hour chart, Bitcoin looks to have completed an Elliot Wave Cycle. After completion of a corrective ABC pattern at a significant .618 retracement level of the initial impulse wave (1-2-3-4-5), the price broke through a long term S/R trend line. (see red trend line) With the RSI > 50, and significant resistance ahead (see blue rectangle zone of S/R), a 1st...

UnknownUnicorn924366

Could impulse cycle of Elliot Wave Cycle be complete? A practice exercise with Elliot Waves and Fibonacci.

UnknownUnicorn924366

Elliot wave cycle, with a potential wave 5 development. *Not FInancial Advice*

UnknownUnicorn924366

Cases for a long position. 1. Possible Ascending Broadening Wedge Development which needs to complete final impulse wave 2. Development of new support and resistance and a recent bounce off support 3. Strong hidden bullish divergence with a higher low and an RSI lower low Entry Zone on bounce of support SL Zone placed slightly below previous low. *Not...

UnknownUnicorn924366

Irregular/expanded 3-3-5 flat corrective pattern also looks as it could be impulse wave 2 in a trend reversal, with wave 3 developing upon the completion of C. Retracement of 1-2 hit the .618 fibonacci level. Wave C finished on the 123.6% extension of A-B, which is in accordance with the 3-3-5 expanded flat pattern. (A) - (B) - (C) Inverse Head &...

UnknownUnicorn924366

An inverse head and shoulders formed, with a right shoulder break of the neckline. Measuring the distance from the head to the neckline, a reasonable target could be found slightly less than this distance applied to the breakout. In addition, long term resistance line can be found to intersect with this potential target zone. The ADX line looks to be turning...

UnknownUnicorn924366

Hidden bearish divergence with LH and HH on RSI. Bounce off the .5 retracement. Looking for extension to 1.0 level of retracement (Target Level) which corresponds to downward resistance and accumulation zone. *Not Financial Advice*