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5wavestructure

ZAL 15% gain potentialThere is a clear wave count here with bearish divergence and normal wave extensions to back up the argument that a large drop down to at least wave (4) will occur now. Wave 3 was between 1 and 1.618 times the length of wave 1. Thus, wave 3 was the extended wave and so wave 5 is likely to be less than 1 x the length of wave 1. So far, wave 5 is around 0.786 times the length of wave 1 and I can count 5 waves, so this is a good time to go short imo. Stop loss should be placed generously to allow wave some space to run a little bit. Risk to reward is roughly 1.5 : 1 depending on how well you ladder your shorts. Disclaimer, this is not financial advice and I am not responsible for any losses you may incur. This post is ONLY for research and educational purposes.
XETR:ZALShort
by TradewithLu
Bitcoin stranded in $3200-4200 range, further downside possibleBitcoin price action this year resembled that before the slump from $6000 to 3000 in 2019. from the viewpoint of daily chart, price stuck in the narrow range of $3200 to 4200, as the trading volume drastically diminished. Low volume and volatility evidently denote a profound bear market, showing no sign of turnaround. Only the price pushes above &4000 with robust volumes , can we safely believe the bear market may come to the end. Whereas we don't have such a lavish crypto market. Still, 2019 is a difficult year for bitcoin and other mainstream tokens. The price most likely will continue consolidating below 4000 and due to lack of outside interests and liquidity. If the price breaks down the support area near $3200, the collapse may spark a new wave of selloff and complete wave 5 , the last one in 5 impulse wave structure.
COINBASE:BTCUSD
by UnknownUnicorn3838311
USDCHF: Vulnerable, Retains Its Bearishness USDCHF: The pair looks to move further lower as it continues to hold on to its downside pressure. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level. On the upside, resistance resides at the 0.9700 level where a break will clear the way for more strength to occur towards the 0.9750 level. Further out, resistance comes in at the 0.9800 level. Above here if seen will turn attention to 0.9850. All in all, USDCHF faces further price weakness.
Short
by FXTechstrategy
WOLFE WAVE TRADING STRATEGYBest Wolfe Wave Strategy – Bearish Wolf Wave When trading the best wolfe strategy you will find that after the entry was triggered your position should show you an immediate profit. This is because the reversal pattern that emerges from the wolfe wave chart pattern is very violent. Once we’ve got the first five waves we have the general setup of the wolf wave. After the last wave has broken below the range channel it’s the time to get ready for some action. Step #1: Prior to the Bearish Wolfe Wave Formation look to have a clear Bullish Trend Firstly, before the first wave to develop we need to have a clear trend that needs to be reversed. For high probability trades we want to see a prior bullish trend before the bearish wolfe wave develops. This step is quite essential if you want to correctly trade the wolfe pattern. Step #2: Try finding a 5 wave move that can be contained in a channel. Last wave 5 must break outside the channel. A valid wolfe wave is composed of 5 waves that follow some simple rules. However, the most important rules are that wave 2 and 4 must be contained within the channel created by Wave 1 and Wave 2. Secondly, wave 5 breaks outside the trendline created by wave 1 and wave 3. Step #3: Buy after we break and close inside the Price Channel. At the moment when the price enters and closes back into the price channel, we want to enter a position. We like to wait for the close inside in order to eliminate possible fake breakouts. Note * If we don’t get a close back into the price channel we don’t have a valid trade signal. Another sign to look for is how quickly it goes back into the channel. We prefer to only trade the wolfe patterns that retrace very quickly back into the range. This is a sign that smart money reversal are at work. Remember, in trading you only want to trade the high probability trade setups. Step #4: Draw a trendline that connects the wave 1 high and wave 4 low and extend it in the future. Take profit when the EPA line is hit. The line that connects the wave 1 low and wave 4 high is called the wolfe wave EPA line. The EPA line stands for Estimated Price at Arrival and it’s an effective take profit strategy. The EPA line main purpose is to show at what price the market will extend after it reversed the previous trend. Note* If the EPA line is too steep, often time it means that the price will never reach it. In this case you want to take profits early. Step #5: Hide Protective Stop Loss below Wave 5 The protective stop loss can be located below the last wave or wave 5. This strategy gives us a very tight stop loss which is good for our risk management strategy. Obviously that a break below wave 5 means we also break first below the channel and this will invalidate the validity of the wolfe wave chart pattern. The wolfe wave strategy is a trading strategy built around waves the same like Elliott Wave trading. We use other trading concepts like channeling and price symmetry to find the best possible trade signals. If the trade works in our favor then we have a really good chance to have a good trade in terms of risk to reward ratio. With trading experience it will become much easier to spot the wolfe wave patterns. Note** the above was an example of a SELL trade using the best wolfe wave strategy. Use the same rules for a BUY trade. To find the complete Wolfe Wave Trading Strategy visit our website - Our Website: tradingstrategyguides.com
Short
by Tradingstrategyguides
4
Wolfe Wave Bearish Facebook Day TradeStep #1: Prior to the Bullish Wolfe Wave Formation look to have a clear Bearish Trend Step #2: Try finding a 5 wave move that can be contained in a channel. Last wave 5 must break below the channel Step #3: Buy after we break and close inside the Price Channel. Step #4: Draw a trendline that connects the wave 1 low and wave 4 high and extend it in the future. Take 1/2 profit when the EPA line is hit. Run with rest. Step #5: Hide Protective Stop Loss below Wave 5
FShort
by Tradingstrategyguides
Exide Industries - Long Term View Wave Analysis : Long Term View : Exide Industries : 4th Wave : C Wave Looking at chart looks like price in 4th wave completed b wave and c wave is going on which can be expected till 180-190 area. After completing wave c we can last rise in the price around 324 - 350 max which very extended 5th waves and then sharp decline can been seen in the price in the future wiping out 50% of the price movement. So, if top is 324/300 we can expect decline till 162/150. There is no idea of time line so please ignore timing of the market, just trying to fit wave patterns in the current market movement. Note: No trading recommendation for this analysis, just trying to figure out whats going on :)
NSE:EXIDEIND
by Imprimus
BTC Elliott 5 Wave Complete Expect ABC - Primary D Wave of 12/21BTC has been completing 5 and ABC/ABCDE waves for days...weeks... Having just completed a Miniscule 5 Wave we can expect a Miniscule ABC right now...It appears to me that these Minor and Miniscule 5 and ABC/ABCDE waves are part of BTC Primary Correction ABCDE which began on December 21. Should this be correct, that would mean that we are currently in Minor Wace 3, that is within Primary D Wave of the ABCDE correction which began on 12/21/17.
COINBASE:BTCUSD
by BTCookieMonster
4
NZDCAD short potentialDivergence on the MACD could lead price to the bottom of descending channel. This could be the end of 5-wave structure. 1) Never risk more than 2% of your account. 2) Try to be emotionless by applying your strategy to the pip. 3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work. 4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
Short
by InvstingWise