Hello fellow traders, Is my Elliott wave count fine? If not can you give me some pointers?
At high volume node At EMA cloud At lower border of pitchfork RSI hidden and simple bullish divergence GO LONG
1. Think of Wolfe waves as ENDING DIAGONALS . Ending diagonals occur in wave 5 and wave C. So, they usually mean a change in direction of the market. 2. It requires CONTRACTING TRENDLINES with the final wave overshooting the trendline. 3. The price and time estimate can also be made. For the PRICE TARGET join wave 1 and 4. For the TIME TARGET the point...
At the upper parallel line of the pitchfork Supply Zone In a clear downtrend ABC correction complete RSI at resistance Bear flag SHORT till the median line
1. Upper parallel line of pitchfork Target is the median line Stop just a few pips above high 80% probability to reach the median line
Hello friends, This is a short prediction for EURGBP. 1. The price is in a downtrend. The price is also reacting to 200 SMMA which usually provides strong resistance. 2. The price is clearly above the demand zone. The demand zone here has been extrapolated from the left. Usually, the first or second consolidation after the trend change functions as a strong...
At the supply zone Upper parallel line of the pitchfork SHORT
At the high volume node of the trend which acts as a demand zone The lower border of the pitchfork LONG
1. BAT PATTERN 2. RSI DIVERGENCE 3. WAVE 5 of the elliott wave - midline of the parallel channel based on Kennedy channeling technique 4. Upper parallel line of pitchfork 5. Supply zone SHORT
Wolfe wave with ETA and PT shown. A triangle is forming which forms in 4 and B. This is a B. Expecting a C
At supply zone upper pitchfork of freq shifted pitchfork RSI at resistance
1. RSI divergence 2. At supply zone 3. At upper boundary of pitchfork SHORT
RSI Divergence Lower border of pitchfork (Its slope is being respected due to multiple touches) RSI trendline broken LONG
1. Subwave 3,4,5 and wave C remaining 2. Target the confluence of parallel, pitchfork and demand zone
1. Bat pattern forming - Potential reversal zone formed by 0.886 of XA, 1.27 of AB, and 1.618 of BC. 2. At the supply zone with that long wick candle 3. Price above 2 SD of weekly VWAP - MEAN REVERSION 4. At the upper parallel line of the pitchfork SHORT after it reaches the supply zone/PRZ and upper border of the pitchfork. With 4 confluences, I hope the trade...
Head and shoulders formation which is typically bearish. However, price reacting to the lower median line. The price has exited the parallel channel. Target the frequency shifted median line.
Hello friends, Pitchfork- upper median line RSI divergence Supply Short
1. Lower border of pitchfork 2. Demand zone 3. RSI at support 4. RSI bullish divergence