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Diagonaltriangle

ENDING DIAGONAL : ELLIOTT WAVE ( ELLIOTT BABA)ENDING DIAGONAL : ELLIOTT WAVE ( ELLIOTT BABA) Ending diagonals consist of 5 waves, labeled 1-2-3-4-5. Each wave subdivides into threes. Waves 1 and 4 overlap in price. Wave 3 can not be the shortest among waves 1, 3 and 5. Wave 1 is usually the longest, but not necessarily. Wave 5 of an impulse and wave C of an A-B-C correction are the places, where you should be looking for an ending diagonal. Since it is the final movement of the sequence, after an ending diagonal prices are expected to go back to the level, where the pattern had started. A real-life example of an ending diagonal with all its features is given on the chart of AUD/USD below.
NSE:NIFTY
by Elliottbaba
Blackberry RebornBlackberry has very nice upside potential but considering the timing of the historical swings, waiting 5-6 years for a 30X move is not something I'm personally interested in. The Digital Surf Community has outlined numerous other stocks/cryptos with high trajectory that are likely due for completion at a much earlier timeframe. Blackberry is a bit of nostalgic company for me however and I am very much rooting for their future success. I bought a Blackberry Sidekick with my first military check, well over a decade ago. Its a bit refreshing to see how they've rebranded themselves and made a transition from cellular services to now working in the Cybersecurity spectrum (which is now a professional field for me as well). I am not entirely sure what news is to come for BB but over the next few years but it shall be the beneficial/good kind. If you have 4-6 years to wait on such a 30X move, now is the best time to enter your positions. Personally, I don't have that much patience and honestly, the anticipated 30X move pales in comparison to some of the other items we're currently monitoring at Digital Surf Trading Community. If you're a Blackberry fanatic, die hard investor, this is for you. Share, comment and like this post if you find it helpful at all. Surf well and don't drown.
NYSE:BBLong
by DigitalSurfTrading
Bitcoin Delivers Hopium as the Ascending Wedge ContinuesMy continued Bitcoin analysis gives me great indication that the Digital King has yet to reach its regional bottom. $32.7-8 is expected to be a very key range as for resistance. Based on Elliott Wave Theory and Fibonacci sequencing, $22K-$25K are also expected to be key levels of support. All indications are based on the science of price action! No other indications are used primary however, RSI levels are often considered secondarily.
BITFINEX:BTCUSD
by DigitalSurfTrading
3
SEMICONDUCTORS: Are you ready to get knocked off your SOX?Using Elliott wave one can determine once an uptrend has ended as the market simply has run out of waves. Here I assess the waves off the November 2008 low (yes the NASDAQ:SOX ) bottomed well before the other major US indices and has thus been a market leader since. However, it's price pattern off the December 2018 low is all but ideal and in elliott wave terms looks very much like a (very large) ending diagonal. In technical analysis terms its called a rising wedge. This is a bearish price pattern because once it completes, and it appears very close to completion especially considering today's price action, price will rapidly (here the time frame is weeks, so "rapidly" is relative) move back to the start of the diagonal which is around $1285. Given that the leader is in that case becoming the laggard, it will be quite obvious what this will do to the broader market indices. From that level we should see at least a decent bounce as ultimately the low 1000s should get revisited. Note that the big-picture elliott wave count for the TVC:SOX is not necessarily the same as for the other major US indices such as the TVC:SPX , NASDAQ:NDAQ or TVC:DJI as each index obvioulsy tracks different parts/segments of the overall economy and those are each at different stages of their social and business cycles, which is exactly what Elliott wave tracks and qualifies. Price will have to break above $1650 on the TVC:SOX to tell me my assessment of the chart is wrong, but given the very ragged (overlapping) price action this year, rather similar to October 2014-June 2015 and which was followed by an ~27% correction into early 2016, I prefer to err on the side of caution for now. Trade Safe!
NASDAQ:SOXShort
by intelligent_investing
Possible 3-3-3-3-3 FormationCurrently looking as if we are going to form a diagonal triangle formation. Make sure to look for an ABC subwave for wave 3 and 4 before assuming that this is actually a 3-3-3-3-3 pattern as wave 2 is not clear. If confirmed on wave 5, we will likely see a strong corrective wave and possibly a continuation of the previous bear market. Will need to confirm first and look at the higher wave counts before deducing where to place the take profits on the short. Once wave 3 and 4 is formed, if it adheres to a 3-3-3-3-3 pattern I would set the entry point just under the high for wave 3 to ensure the order is executed at the expense of less potential profits. If the 3-3-3-3-3 is not formed on wave 3, go long and look for the ABC of wave 4 to determine logical entry point.
COINBASE:BTCUSD
by AtlaStar