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Elliotcorrectivewave

A Case for 6J1!l Corrective Wave AnalysisExpanding Triangle Rules Most rules are the same as for contracting triangles, with these differences: Wave C, D, and E each move beyond the end of the preceding same-directional subwave. (The result is that going forward in time, a line connecting the ends of waves B and D diverges from a line connecting the ends of waves A and C.) Subwaves B, C, and D each retrace at least 100 percent but no more than 150 percent of the preceding subwave. Guidelines Most guidelines are the same as contracting triangle, with these differences: Subwaves B. C and D usually retrace 105 to 125 percent of the preceding subwave. No subwave has yet been observed to subdivide into a triangle. worldcyclesinstitute.com
CME:6J1!Short
by mmhogsett
Possible Expanding Triangle - New Zealand DollarA possible expanding triangle setup on the 4hour of the NZD. Assuming the US Dollar continues with strength we could possibly see a D wave to around 0.60470 for NZD. Wave A represents 38.2% of the last downtrend wave in expanding triangle. Wave B represents 1.272% of wave A in expanding triangle. Wave C represents 1.272% of wave B in expanding triangle. Wave D represents 1.272% of wave C in expanding triangle Wave E represents 1.272% of wave D in expanding triangle. Please, feel free to rate the analysis. Constructive criticism is how we grow the most! Thank you.
CME:6N1!Short
by mmhogsett
Actual wave analysis for BTCUSDT. The bottom has not passed yet.Current bullish movement possible is the correction Elliot's wave 4 to the previous fall from 30300$ to 24800$. The correction wave 4 could be either long in time or sharp and deep. Here deep variant is represented. According to this version the price can not be higher than the highest point of correction wave 2, and also the level 23.6 fib is close (29000$). So we can put sell limits to the 29000$ with stop loss around 30300$.
COINBASE:BTCUSDShort
by tim13l
SFL just finished impulse wave and now heading into correction?Hi. In this 1D chart I've done my first attempt at plotting an Elliott impulse wave and its corresponding correction wave. If the right shoulder makes itself clear and the correction does proceed roughly as shown it would be a pretty clear sign of a new impulse wave starting. Any points after (5) are speculation and should be treated as unsure and unfounded until proven otherwise. Especially the price of point (C) when it occurs. The last point of the correction, (C), would as usual be a good place to go long but a safer option could be to wait for the (2) in the new impulse wave before posting a long position. Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you. This does not constitute financial advice. Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
NYSE:SFLLong
by Kabeldon
Beware the Ides of March! Possible Bull Trap Corrective Wave2!?!Chart says all. I do not pretend to know WTH is gonna happen tomorrow, can't even see 20 seconds into the future fgs. IF this plays like I think it might, gonna get Beary Ugly PDQ. See divergent indicators; the major indexes also diverge, DJI at new ATH while this struggles back to the breakout point. Gonna reject under the TL IMO. I'd short this in QQQ March contracts. First wave took QQQ to 310; a 1.62 extension of the 28-pip drop from 338 ATH from current price at ~325 yields -45, so wave 3 might carry price down to 280; 5th wave grind back to just above October lows, around 11200, QQQ around 272 (above the 268 low on support line). If it won't bull by Tuesday 2 March then that dog won't hunt IMO. Expect this Unwind to grind down to the Ides on Monday 15th. Gonna hit the Moon after this plays out...if it plays like this! This one goes out to The_Unwind; the bears emerge from hibernation! Trade at your own risk, this is definitely NOT investing advice, just a WAG and a dice roll! GLTA!! PS: "Making predictions is difficult, especially when it's about the future!"
CME_MINI:NQ1!Short
by DaddySawbucks
20
DJI Bear Market Path to Lower Low: WXYXZ EW Pattern RepeatsChart says most all. Expect lower low around 17K in late May or early June. In 2008 and again in the two zig-zags of 2018, we saw the Elliott complex wave WXYXZ recur. W is pretty clearly carved out, lol. X1 is nearly completed, or at completion. Short entry for Y. Y has been a higher low, followed by a lower high at X2, giving the 'hunchbacked M' pattern which is a Bearish butterflly or bat and precedes the final impulse to the bottom. A strong rally typically ensures; however, this may STILL NOT BE THE BOTTOM! In 2008 after the WXYXZ pattern completed, a final bottom carved out months later. Whether this happens again depends on the length and severity of Coronaviral economic impact.
TVC:DJIShort
by DaddySawbucks
8
BTCUSD: Elliot Wave 2014 vs 2018, The Case for the Bulls!!!Intro: By now you should be sick of the 2014 vs 2018 BTC comparisons BUT there are uncanny parallels between these two corrections regarding their ABC corrections and the Fibonacci Extensions. Here's what I'm seeing: 1) Three Lower Lows in 2014 and 2018 create our A correction (Zig-Zag Pattern). 2) The A correction DROPS about 70% in both 2014 and 2018. 3) Both C waves have a 0.786 Fibonacci extension. 4) A symmetrical triangle formation develops after the ABC correction to the downside. 5) An ABC correction forms to the upside. 6) The C Correction to the upside COULD reach the 1.618 in 2018 just like it did in 2014. What Invalidates this analysis? A drop below the 2018 low ($5774.72 on Bitstamp). Disclaimer: This is not advice. Entering a trade at this moment presents a massive reward and a low risk if the C wave extends to 1.618 Fib number and we hold the 2018 low. Even better, reaching the 1.618 fib extension means higher highs and a confirmation of a reversal. Please comment and like: This is a learning community and your comments or questions make a difference. BITSTAMP:BTCUSD Take a look at my Gann Fan Analysis:
BITSTAMP:BTCUSDLong
by tvlester
Possible Elliot Triple Combo formation occurance on USD/DKKAs you can see in the 1 hr timeframe, you'll see a downward trend emerging in a WXYXZ pattern with the Z hopefully play part in the formation. Also drawn on the chart was a green support zone which indicates the market moving to the uptrend as the previous candles are touching this support line approximately 4-5 times. This gives me enough indication that the market will hit to the upward and rally on until it hits the Z formation of the pattern and begins to downtrend to continue on the pattern merged previously. SL and Take Profits are all listed.
Long
by chiefcapitalfx
NTES completion of elliot waveAnother elliot wave pattern. This one's almost textbook. NTES completed an elliot wave pattern approximately two days ago, and should now enter its elliot corection wave phase. Looking at its Fib retracement we see that the .786 lines up pretty closely with the end of the main impulse AND the gap up from two weeks ago, which makes a good price target for the first correction wave. Date discovered: March 2, 2017 Position: Short Price to enter: 290.82 Price target: 266.60
NASDAQ:NTESShort
by mologna