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Diagonal

TWITTER - LongThe bullish impulse from May 2016 formed an Expanding Leading Diagonal for Twitter. According to Elliott Wave Theory, this pattern (occurs as Wave 1 or Wave A) usually dictates the direction of impulse - in this case, to the upside. As long as we don't break below $13.70, all retracements are considered as Wave 2. Once Wave 2 completes, a more impulsive Wave 3 will ensue - it could already be in the works, considering we've bounced off significantly from the $30 range. Twitter will probably see ~$140 in the coming years.
NYSE:TWTRLong
by dsbw99
When will the rising beam of Russia and Ukraine end?#Bitcoin #4 hour #Binance #Tommy - 4 hours of Bitcoin. BTC broke the blue downtrend channel upwards on 3/1, but BTC re-entered the channel again without showing any retest support at the top. - Since then, BTC is moving towards lower highs and lower lows with resistance from the black inward trend line. In the case of a break above this intrinsic trend line, I think the upper part of the widening pattern and the upper part of the blue downtrend channel overlap the resistance zone. - The corresponding resistance section is 40 .5k~41.1k, and it is a section that we are paying attention to as it is located at pre-LVP , 200 EMA of 4 hour, and black rising channel EQ. If BTC reaches it before 3/9 21:00, you can respond with a sell position, but if BTC successfully break through that section, additional buying may occur. - The additional resistance section we are looking at is 42.8k-43.5k, where several LVP, the 0.705-0.786 retracement of the downtrend, and the short-term upside channel retest overlap. - One part of concern is that, like the image above, these days, Expanding triangle patterns often appear. In the current situation, if BTC cannot successfully break through the trend line and go to lower the low once again, there is a high possibility that BTC will flow into a similar state to the 2/20~2/24 down wave. - 34.9k~35.5k, the 1st support section, where the lower triangle (lower widening), green short-term downtrend line retest, pre-LVP, black uptrend channel bottom, and 1.13~1.272 stop-hunting extension level of the uptrend pass at the same time It is under consideration and is valid until 3/12 19:00. - If this support line breaks, it is likely to show that the second support section, 32.2k~32.8k is open. Reaching this far means that the 32.9k, which is the major bottom, has been breached, so if there is no significant rebound, it is better to respond while clearing the volume (split stop loss)
by Tommy_Trader
XAUUSD Elliot Wave Forecast - ZigzagWave 4 overlapped into the price territory of Wave 1 whilst maintaining structure. Could possibly see another test of Friday's low but expecting price appreciation to fulfill the diagonal Wave 5. Please refer to linked idea below. I hope you found this useful, do leave your thoughts in a comment below. As always, a 'like' and 'follow' provides encouragement to share further ideas. Thank you for taking the time. BeyondEdge Your Edge Is Your Perception. Go Beyond.
OANDA:XAUUSDLong
by BeyondEdge
💨𝙀𝙡𝙡𝙞𝙤𝙩𝙩 𝙒𝙖𝙫𝙚 𝙋𝙖𝙩𝙩𝙚𝙧𝙣: 𝘿𝙞𝙖𝙜𝙤𝙣𝙖𝙡🌊●●● 𝘿𝙞𝙖𝙜𝙤𝙣𝙖𝙡 (D) ❗❗ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙧𝙪𝙡𝙚𝙨 ● A diagonal always subdivides into five waves. ● Wave 2 never goes beyond the start of wave 1 . ● Wave 3 always goes beyond the end of wave 1 . ● Wave 4 never moves beyond the end of wave 2 . ● Wave 4 always ends within the price territory of wave 1 (overlap). ● An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat . ● A leading diagonal always appears as wave 1 of an impulse or wave A of a zigzag. ● Waves 1 , 2 , 3 , 4 and 5 of an ending diagonal, and waves 2 and 4 of a leading diagonal, always subdivide into zigzags. ● In a leading diagonal, wave 5 always ends beyond the end of wave 3 . ❗ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙜𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● Waves 1 , 3 and 5 of a leading diagonal usually subdivide into zigzags but sometimes appear to be impulses (all zigzags or all impulses ). ● Within an impulse , if wave 1 is a diagonal, wave 3 is likely to be extended. ● Within an impulse , wave 5 is unlikely to be a diagonal if wave 3 is not extended. ● A leading diagonal in the wave one position is typically followed by a zigzag retracement of 78.6 %. ●● 𝘾𝙤𝙣𝙩𝙧𝙖𝙘𝙩𝙞𝙣𝙜 𝘿𝙞𝙖𝙜𝙤𝙣𝙖𝙡 (Contr.D) ❗❗ 𝙍𝙪𝙡𝙚𝙨 ● In the contracting variety, wave 3 is always shorter than wave 1 , wave 4 is always shorter than wave 2 , and wave 5 is always shorter than wave 3 . ● Going forward in time, a line connecting the ends of waves 2 and 4 converges towards with the line connecting the ends of waves 1 and 3 . ❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● In the contracting variety, wave 5 usually ends beyond the end of wave 3 . (Failure to do so is called a truncation.) ● In the contracting variety, wave 5 usually ends at or slightly beyond a line that connects the ends of waves 1 and 3 . (Ending beyond that line is called a throw-over. ● In the contracting variety, wave 3 may be equal .618 to .786 the length of wave 1 , and wave 5 may be equal .618 to .786 the length of wave 3 . ●● 𝙀𝙭𝙥𝙖𝙣𝙙𝙞𝙣𝙜 𝘿𝙞𝙖𝙜𝙤𝙣𝙖𝙡 (Exp.D) ❗❗ 𝙍𝙪𝙡𝙚𝙨 ● In the expanding variety, wave 3 is always longer than wave 1 , wave 4 is always longer than wave 2 , and wave 5 is always longer than wave 3 . ● Going forward in time, a line connecting the ends of waves 2 and 4 diverges from with the line connecting the ends of waves 1 and 3 . ● Wave 5 always goes beyond the end of wave 3 . ❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● Waves 2 and 4 each usually retrace .66 to .81 of the preceding wave. ● In the expanding variety, wave 3 may be equal to 1.618 the length of wave 1 , and wave 5 may be equal to 1.618 the length of wave 3 . ● In the expanding variety, wave 5 usually ends slightly before reaching a line that connects the ends of waves 1 and 3 . Elliott Wave Principal 2005 and Q&A EWI .
BITSTAMP:BTCUSDEducation
by TradeWaves-EWA
10
XRP? of course, SHORT!Hello evry1! Despite different opinions and news about positive trend with XRP, the Market shows us very interesting image... With one more three-wave move down, there could be a LEADING DIAGONAL... Very good sign for bears and for those, who want to see this coin as much lower as it can be! Of course, to buy it on the deep!=) After one more low (in fact, there can be few lows - no matter) the retracement can reach the high of the second wave - appr. 1.1$ for XRP. It can move higher of course, but not higher than 2 bucks for coin. This pattern (leading diagonal) can say that the future move could be very strong and fast. We'll try don't miss it!
BITSTAMP:XRPUSDShort
by Raph
6
Ethereum to the $1500-1600s amidst Bitcoin capitulation fakeoutAs I just mentioned here on TradingView, Bitcoin faces an increasingly high probability of having bottomed out in this seemingly accumulation, yet with a final textbook fakeout down towards the 27 000s. Naturally, this would in turn bring Ethereum and every other alt coin down with it. When looking at Ethereum, though, it makes perfect sense. We're talking a drop down towards the diagonal support line which nicely coincides with the 0,618 fib. With that said, we may need to expect a temporary over-reaction upon any such capitulation fakeout - we're talking down into the 1500-1600s. This can be further supported by the continuously weakening ETH/BTC chart where alt season is clearly over for now (although I expect it to rally later in this mark-up regardless, so don't worry).
COINBASE:ETHUSDShort
by LongLifeTrading
Diagonal chart pattern and fib ratiorising price has made diagonal chart pattern, resisting upper trend line while supporting lower trend line. visual you can sell at upper trend line while buy at lower trend line. how will you know the exact top ? this chart pattern follows abde corrective wave pattern , wave e is the last wave which ends at upper trend line. we will use fib ratio to get numeric value of top. wave abde relate to each other by fib ratio using fib retracement tool a + a0.618 = c c + c0.382 = e b + b0.786 = c d + d = e using fib extension tool a =e a1.382 =c (a+c)0.618 =e with the help of fib ratio and trend line you can get exact top of the chart pattern, using Elliott wave theory you can sell high right at the top
BITSTAMP:ETHUSD
by Sangam-Agarwal