theansweris42

theansweris42

An attempt to use Kennedy channels to identify the Elliott wave structure of the July Rally

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Predicated upon wave 1 completion (@88.6 retracement)

theansweris42

Kennedy Channels

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Kennedy Channels and quick and dirty Elliott analysis

theansweris42

Watch for price action where base/acceleration/deceleration lines meet as these represent decision points. * Blue = base channel * Green = acceleration channel * Red = Deceleration channel Once primary channels are broken parallel 'auxiliary' channels offer a matrix of support/resistance . * Darker shade = primary channels * Lighter shade = auxiliary channel

theansweris42

EOSUSD. Kennedy channels plotted. Watch for price action where base/acceleration/deceleration lines meet as these represent decision points. * Blue = base channel * Green = acceleration channel * Red = Deceleration channel Once primary channels are broken parallel 'auxiliary' channels offer a matrix of support/resistance. * Darker shade = primary channels *...

theansweris42

EOSUSD. Kennedy channels plotted. Watch for price action where base/acceleration/deceleration lines meet as these represent decision points. * Blue = base channel * Green = acceleration channel * Red = Deceleration channel Once primary channels are broken parallel 'auxiliary' channels offer a matrix of support/resistance. * Darker shade = primary channels *...

theansweris42

This wave-count posits a slide to the floor of the Kennedy base channel of the motive wave beginning early April down @ ~$7200

theansweris42 Updated 

I have an Elliott wave count which reveals a completed five-wave impulse. Using Kennedy channeling and Elliott wave I predict a retracement to ~$8065.

theansweris42

Wave 4 correction target on BTCJPY. 'X' marks the spot.

theansweris42

EOSUSD appears to be completing an ABC correction composed of ZigZag-Triangle-ZigZag. I'm expecting Bullish continuation after completion of the C leg.

theansweris42

BTC loves a triangle: EW analysis of BTCUSD pair reveals a candidate bullish contracting triangle. Currently, I have a sell target @ $9500 on approx. 27th March and a subsequent buy target @ $8000 on approx. 3rd April.