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Abccorrection

ALLY Wave 4 Completed?Hello everyone, I wanted to share with you all what I'm seeing with ally. I believe Ally has completed a flat wave 4 correction. I have outlined 2 pink lines, one will invalidate the flat correction thesis and the other will validated. In other words if Ally breaks and closes below $44 the pattern will be invalidated and a larger correction will probably be in play ; on the other hand if ally breaks and closes above $49 the pattern will be valid and longs should be considered. I hope this helps some of you. I'm not a financial advisor, I'm only sharing what I'm doing. Good luck everyone!
NYSE:ALLY
by FreedomBuilder
BTC - First Initial Capitulation Very Likely Over It took 3 months for btc to finally capitulate completely. I still expect btc to remain in this price area, maybe even set double or slightly lower bottom to really scare the last weak hands off. By now it is safe to say that 30k will hold for now. Like i sad many times now, expect some kind of an ABC retracement back into 55k zone. We could also just go into the retracement right from here but usually bottoms get re-tested, like we saw in the summer 2021. As far as fib. retracement levels go, when ABC retracements come after initial rejection from the ATH, you typically see the A wave going near the 0.618 level and wave C going to 0.702 where we should expect massive rejection of some kind, taking us well below 30k. Alt season is still expected during an ABC retracement of btc price. I am not a financial advisor so non of this should be taken as a financial advice. Be well. BINANCE:BTCUSDC
by AVA37
Elliott waves Expanding Flat correction in a bull market - BTCCOINBASE:BTCUSD BINANCE:BTCPERP CME:BTC1! We marked a possible bottom, once this low is respected, we can see a new upward movement. So I believe this correction was wave 2 of a larger fractal, so we have the possibility of seeing a big bullish pivot. for a wave 3 and up. In the next study I will leave the targets, for a new high kick as soon as it is possible to observe a reversal pivot. Thank you for following this study, let your like it. I hope to be able to contribute to the reading of my friends and if you have any suggestions leave them below in the comments, we are here to always learn. I'm not the owner of the truth, this is just content based on my rationale. 🔹If you want to talk to me, send an inbox message, or click on the footer of this post! 🔴Disclaimer: The above comments reflect solely my opinion, this is not a buy or sell recommendation. Just a series of published studies, so that together with the community we can discuss operational tactics and techniques.
Long
by leandrosander_
6
TSLA - ABC CORRECTIVE WAVE$TSLA, From reaching the all time high of 1,243.07, Tesla creates and nearly completing a good one example of Elliott corrective wave or Zigzag. In Zigzag rules: Zigzag is subdivided into 3 waves which subdivided into 5-3-5 waves. Wave B never moves beyond the start of wave A, wave A and C is subdivided into an impulsive or diagonal, and wave B is subdivided into three waves, a triangle, or a combination. This correction wave could be close the gap and reach the 840 Level and can be considered a healthy pullback with declining of volume and forming a bullish chart pattern. This pull back has a potential to reverse the short term trend upside.
NASDAQ:TSLA
by Damako
Roblox Holds the BreakoutRoblox struggled between June and November, and now it may be coming to life. The first pattern on today’s chart is the high-volume gap on November 9. Over 95 million shares traded on that surge, more than the previous 13 sessions combined. A record-setting day like that represents a potential change of character in the stock, with a whole new set of investors entering. That could make sense because strong bookings and usage suggested that RBLX is finally getting the kind of traction people hoped. It also establishes the name as a potential go-to for investors seeking metaverse exposure. Next, the two legs down in the pullback suggest that an ABC correction has been completed. Third, RSI has trended higher. Finally, notice how RBLX bounced near $104. That’s important psychologically for its triple-digit status. It’s also slightly above the June peak. Has the old resistance area become new support? TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:RBLX
by TradeStation
1
More Rough Ride Ahead?This retracement has look and feel of a B wave, choppy and hesitant. Got a H&S in the 15 minute chart on 11/11. Expect another leg lower soon IMO. Should push down to test support at the old ATH IMO. RSI went oversold, bounced, fades. Likely to get a big bounce (arrow) after the C leg, retest ATH in December. 19 Nov OpeX likely to be pretty choppy IMO. Sold off -300 pips and has bounced back a bit more than 200 of that in the AM lift. Now in descending stair-step pattern. Measured move would end around 15815, give or take a bit. Selling could come at anytime, so unpredictable. Wouldn't trade dailies on this as it might take a week to come off, could be tomorrow, who knows?! I see lower lows and lower highs in daily charts on SPX, DJI. NQ looks like a sawblade fgs. Opening position in ten QQQ 24 Nov 392Pp spread short the 15 Nov 382, net debit $4.12. DYODD, GLTA!
CME_MINI:NQ1!Short
by DaddySawbucks
6
ETHEREUM FOLLOWING THE PATH!ETHEREUM has completed the 5th wave of an Elliot Wave structure. We are now looking at an ABC Corrective phase on the charts. Lets break the ATH before we think about longer term targets. I put up the prediction on Twitter the other day when we were making HH as there was influencers saying we were going to hit $5,000 this week. Do not listen to FUD and OPIUM Tweets, you will get REKT. I now see ETH as a store of value, with the current gas fees it is almost unusable to the average person. I normally move my crypto gains from ALTS into BTC & ETH as store of value.
COINBASE:ETHUSD
by UnknownUnicorn15453819
BTC Preparing For The Final Move To 75k AreaAs BTC recently reached to 69k an ABC pullback from here is to be expected ultimately reaching to 56-54k area (orange) also re-testing rising trendline that was formed from Aug (green line). The RSI on a daily timeframe also needs to cool down a bit. It is very hard to predict btc on such short time frame with this correction but eventually we should be heading to final 5 waves to the upside into 72-78k area where i think btc is done for this bull run. After that btc could still be in that area for months before turning over on itself. I am not a financial advisor, so non of this should be taken as a financial advise. Stay safe. BINANCE:BTCUSDT
by AVA37
XRP Looking For A BreakoutIt looks like XRP is heading for a wave 3 on this leg up. We also need to break above green decending trendline and then also retestit with a wave 4, then after that last wave 5 should take us into a .702 and .786 area. There we should find some ressistence there to work it out before another leg up to ATH and very likely beyond. Moving above the 0.5 fib. retr. level ($1.21) would also mean invalidating recent ABC correction as we would climb above the wave B (white-yellow arrow). I am not a financial advisor so non of this is a financial advise. Be well, wish you all happy alt-season. BINANCE:XRPUSDT
Long
by AVA37
DASH About To Break Above SoonWith the recent price action after last ABC correction, DASH has formed a nice triangle that could also act as a reversal pattern as there are clear higher lows being formed. If we break above the triangle on the 3rd attempt we have to then also break obove the $220.6 zone to invalidate an ABC correction (climbing above the B wave). If all this happens, price should climb even higher breaking the final short term ressistence, sitting at $285. Market looks very bullish overall and the alt season is right arround the corner imo. I am not a financial advisor so non of this should be taken as a financial advise. Stay safe. BINANCE:DASHUSDT
Long
by AVA37
BTC in Danger Zone!!! be cautious.Hello ladies and lads. Hope you all are well. The outlook on Bitcoin and all the altcoins are really positive, but according to Elliotwave, we need to be cautious right now. There a tiny chance, at least, that we see 5 wave down in BTC, if price fail to maintain a Daily Close above 64895.22 (last high) in order to finish a Correction pattern (i.e. ABC correction pattern). So according to what Elliot says about how waves works, we better act as follow: 1 - If you do not have BTC yet, wait a little more to see at least a daily close above 64895.22 before you enter this market. 2 - If you have BTC, just be cautious. This is a dangerous area. Act according to your own trading plan. I'll answer to your questions in the comment section. Remember, patients pays in this market. Cheers.
BITSTAMP:BTCUSD
by HunkIsHere
BTC Finishing the main ABC correction BINANCE:BTCUSDT It sure looks to me that BTC is finishing 3rd wave that needs to eventually get above the B wave of the Mays ABC correction. If we get above ~$59600 it is safe to say that the main ABC correction is over. As 60k area acts as a large ressistence, we should expect a bit larger pullback into a 45-55k area, before another leg up that could manifest itself like a blow of top to 75-85k. This then marks the end of this bull run so BTC can finally correct back into a 15-20k zone. Also all this forms nice cup and handle. I am not a financial advisor so non of this is a financial advise. All this is my personal view of the market so i can still be wrong. Stay safe.
Long
by AVA37
4