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Elliotwavecorrection

BTC / USD - Running Flat or Expanded Flat?Two long-term bull theories, BTC is in a Running Flat correction in an uptrend, or we're seeing an Expanded Flat correction. Running flat looks more likely so long as we hold above our previous low @ roughly 29k, even better if we remain in this channel on the 4H chart. Targets for the bottom are near where we are now Expanded flat becomes possible if we reach lower than the previous low, and targets for a bottom for that would range anywhere between the 1.236 and 1.618 levels on the fib extension shown above, between 11.5k and 25k, with 18.5k as the middle of each. Let's see if either of these become true.
INDEX:BTCUSD
by dudebruhwhoa
1
BTCUSD - Elliott Wave Correctional SequenceHello everyone, More on that correctional sequence as mentioned in the previous idea which supports a push up to our extended wave 3 target of 77.2k - 80.2k. We're seeing a leading diagonal as a sub wave 4 correctional sequence. It's currently shaping out to be as such. There is the potential that the B leg is incomplete and we could see a small move down to around the 45k level to complete it. Let's see how it plays out. 'Follow' for further updates. Your 'likes' are much appreciated and your comments are most welcomed. Head over to our free telegram channel for crypto news, reviews and trading plays with monster gains. (link below) Thank you for taking the time. Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own research and analysis before making any investment decisions. Do not trade or speculate based on the information provided in this idea. Trust your own analysis. BeyondEdge
BINANCE:BTCUSD
by BeyondEdge
XAUUSD - Price Forecast UpdateHello everyone, XAUUSD fell into the 1720-1670 zone last week as outlined in the previous quarter (see linked ideas). This week's price action has seen gold enter the 1670s briefly before retracing back to current levels. We're expecting price to keep below the 1760 level and fall back into the marked zone. Over the course of the month, we could potentially see some sideways action patterning a sequence of HH and HL below the 1780-1800 price level. That would be a good indicator for gold to resume the longer term upward trend soon. There is the possibility that price moves deeper below 1670, if that scenario occurs then 1640 is your immediate level of support. Will assess in further detail should that occur. Who's Elliott? The primary wave count is still the same. What we have seen in recent weeks is the potential completion of Wave C. The starting formation of a lesser degree correctional structure will confirm this. More on that once it becomes clearer. Once again, staying aware of some of the possibilities. Let’s see how it plays out throughout the rest of the week. Follow for further updates. Your 'likes' are much appreciated and your comments are most welcomed. Thank you for taking the time. Trade Safe! Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own research and analysis before making any investment decisions. Do not trade or speculate based on the information provided in this idea. Trust your own analysis. Beyond Edge
OANDA:XAUUSD
by BeyondEdge
XAUUSD - Elliot Wave ForecastHello all, An update on XAUUSD, price is nearing the 1750 - 1760 zone as outlined in my previous idea. The corrective structure is still in formation with a lower degree 5 wave structure in progress. This is my primary count and we are currently in wave (iii) which can potentially extend further to 1741-1739 before retracing into wave (iv). I'm expecting this structure to complete (wave v) with a drop into the 1720-1690 zone before putting in a final sideways correctional sequence of some sort through out December. More on that when we get there, follow for further updates and be patient if you're waiting for a long swing position. Trade safe, Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
OANDA:XAUUSDLong
by BeyondEdge
1
GBPUSD🅶🅷🅾🆂🆃 _ 🆃🆁🅰🅳🅴🆁 _ 🆂🅰 Cable seems to be giving us a ( w-x-y ) pattern for this final leg of wave (B) of (A-B-C) correction of Wave (A).. But it seems like we might have completed a (1-2-3-4-5) pattern in a 4hrs chart, if it prove valid then bears are now preparing to get on boards for wave c. If cable continue to break and trade above 1.33217 level, then this will prove bulls still in control of wave c or wave y of c of (a-b-c) of (b) but if price trade below (1.31948 / 1.31034 ) or below 1.29737 then we might consider having completed wave b then bears on boards for wave c The structure may change at anytime, make sure you validate it and apply your risk management before placing any trades... This whole correction could be a Running Or Expanding Flat if Cable continue pushing higher💵💵💵😊💵💵💵 All the best 💵💵💵😊💵💵💵
by Ghost_Trader_SA
EUR/USD is so bullish in FundementalsHello everyone, good morning. In this techncial analysis, only we are into this consolidation of this ascendent triangle that we proyect a continuation of the trend, but more important is to read, that is the better way to know how its the market. Well, in the H4 timeframe we see a bearish divergence, but I don't go to entry in there because the price as is into this chartist pattern, and as I know the trayectory of EUR that is so bullish and in the next week there are a possibibility to make this analysis in following for the next week, because there are a nice opportunity to find up more of 200 pips as EUR/USD reach the $1.15 USD. And also, that I have another position traders open that for me is important to do a risk management, and I am in profit in 3 operations that I keep open that is GBP/USD, EUR/GBP and LTC/USD. I'm in earnings in this operation. So, here below is the fundamentals that always I bring you, and also we have a PPI (MoM) of June for the par USD about the 1. Forex-Dollar edges higher as virus cases following in growup 2. EUR/USD exchange rate rises as imrpoving risk sentiment drags on Greenback 3. EUR/USD has experiment a higher on Gloomy, US economic outlook. 4. US Dollar has suffered today as risk-sentiment has imrpoved despite growing fear one a possible second wave of coronavirus cases in United States 5. Investors are hoping in favour of a new resurgence of the pandemic in a swift economic recovery, that is for US. 6. Marshall Gittler say this morning in euro exchange news.co.uk that US Dollar has a generally at the mercy of risk sentiment. 7. Euro rises despite growing concerns for the Eurozone economic recovery agains the US Dollar 8. Euro edged higher agains the greenback today despite concerns that the Eurozone's economy could be headed for a deeper reccesion than previously forecast. That is a bad indicator for long term later that US had a recuperation of the economy and the US economy is stabilizes and stop out more cases of covid-19 in most cities in USA. 9. The executive vice-president of the European Commision or called EC in the acronym, say that we could to navigate in storm waters and face many risks, including another major wave of infctions. 10. The European Commision report this morning as at the global level, the still rising rate of infections, particularly in the US and emerging markets has deteriorated the global outlook, and as expected to act as a drag on the European economy. 11. But a general lack of Eurozone economic data, Euro it's appear instead benefited from safe-haven demand as investors turn away from America's struggling economy, with the EUR being a direct competition with the US Dollar. One indicator selected that EUR is starting in 2020 as the best currency today to invest when the lower level of $!.05 USD has impressed all a up of more of near of 10% or 1,000 pips. 12. Otherpoint is traders are awaiting for tomorrow's a release of Germany's trade data. Now, if there's any marked improvement in the Eurozone's powerhouse economy's exports, then we could see the EUR/USD exchange rate continue to edge higher if we take in our hand the positive German Data. That's could be benefited the Eurzone. And the latest point is: 1. Dollar eyres multi-week lows as risk assets rally 2. China's Yuan rallieas as economy recovery So, in summary EUR it's more optimistic agains the USD, that is a potential sign that EUR reach the level above of $1.14 USD in short and mid-term at $1.15 USD as my predictions of about the satisfactory fundamentals so whats I read it. As USA continue to received mroe cases in US Hospital around of the nation, the covid-19 could be explode in the nation into this sumerge infections wave as politics decision making, US Dollar go back to undervalued and devaluated.
Long
by harisonhbn9718
1