Uber: "Buying the Dip" OpportunityFollowing up with the NYSE:UBER stock movement, we might see a drop into the $36 or lower as a wave 2 correction (Zigzag Pattern). If this is the case it would be good opportunity to get in from there.
Elliotwavecount
09/30/2020 AMDAMD is looking to finish wave 4 to go into wave 5 of a larger wave 3 which began in mid 2018. Looking for a dip to the 50-61.8 to get a full position. In my opinion, AMD looks to be still in its wave 4 which may coincide with my wave 3 INTC count. (i.e. rotation from momentum to value).
09/30/2020 INTCINTC beginning a wave 3 of 3. Looking to add on any dips. Looking at options a few months out.
Gold Going Lower to Complete the CorrectionGold might visit the $1780 area to complete its complex correction. That's will be confirmed by breaking the low of $1850
09/29/2020 BACBAC is hitting some key levels. Looks to be finishing wave 2 of a wave 3 of 3. Play this if you prefer over JPM. I like this set up a little more, although JPM has a nice triangle. Looking to go long with a couple of diagonal spreads to reduce the cost basis of my monthly options.
09/29/2020 JPMJPM looks to have finished a complex wave 4 in an expanding triangle. Looking for a wave 5. It is hard to be bullish on banks, but given the recent allegations again JPM and the trendline support holding, it may be worth a shot at letting some monthly options play out.
09/29/2020 LUVLooking to add a LUV position after it puts in a wave 2. Will be adding around the 50-61.8 retrace.
9/28/2020 LRCXLRCX has reached the 1.618 retracement implying the possible end of wave 3 of wave 1 of an extended wave 5. It could dip a bit to 330 then up to 350 possibly. Then a wave 2 correction to the 0.618 retracement of the wave finshed wave 1 in the short term. After which wave 3 is expected of the minor wave 5. I will be going long after wave 2 finishes which may be around 310-320.
$PFE sideways combo almost done. 5/15m tf swing long$PFE sideways combo almost done. 5/15m tf swing long
USDCAD trade forecastLooking for a bullish move , possible ending wave C
recommendation : Look to buy
$BTC $1,7xx lets gooo!!!! no triangle here (long term count)how often do you see hidden bearish divergence (weekly) after wave D of a wave 4 triangle? looks like a 5 wave structure to finish a flat.
dollar shows a bullish reversal patternas we can see from the chart, DXY has an ends the day with an hammer ( in which the lower shadow is at least twice the size of the real body.Hammers signal a potential capitulation by sellers to form a bottom, accompanied by a price rise to indicate a potential reversal in price direction.
This hammer is seen sitting below an ending diagonal. An ending diagonal is a type of impulsive motive wave in Elliott Wave Theory that will be found in the subdivision of fifth waves or whole C waves in a structure. An ending diagonal C wave or 5th wave commonly shows an obvious wedge shape with an overlapping wave 1 and wave 4. These will subdivide into 3-3-3-3-3.
NASDAQ Overall AnticipationSo trading world please don't scold me for any mistakes here LOL as this is a very rough estimate of what I'm expecting with NASDAQ.. but for now I'm looking to scalp a short term sell. And then then the overall goal is go long with this index. What do you guys think?? I'd love to know your comments :)
USDJPY, triple Three correction Usdjpy is pointing at a new opportunity to sell with this corrective pattern.
This correction is one of the five types of corrective patterns that correct the completed cycle of the prevailing trend. Zigzags (5-3-5), Flats (3-3-5), Triangles (3-3-3-3-3), Double threes which are a combination of two corrective patterns previously mentioned. Then lastly a Triple three that is a combination of three corrective patterns mentioned above
The corrective structures are labeled as WXYXZ. They are an 11 swing structure. The subdivision of wave W, wave Y, and wave Z can be a zigzag, a flat, a double three of smaller degree, or a triple three of smaller degree. The Wave X can be any corrective structure including a stand-alone triangle
#Theta the path to 1 USDTheta is making a pottential 3rd wave based on elliot waves rule it can extend to 1-1618 which gives us a target of 1$
EURNZD Confirms Uptrend, but Correction is LikelyThe EURNZD 4 hourly chart above visualizes the advance between July and August 2. More importantly, it reveals that the rally is a textbook five-wave impulse. The pattern is labeled (i)-(ii)-(iii)-(iv)-(v).
According to the Elliott Wave principle, this means two things: first, that EURNZD is in an uptrend; and two, that a three-wave correction can be expected before that uptrend resumes.
However, if the count above is correct, it makes sense to expect a decline to wave (iv) low in the mid-term. Long positions in this area would not provide a much better risk/reward ratio than currently available.
- Invalidation level is the red line on the chart
- Entry is the green line which has not been triggered.
What is your view on EURNZD?
Thanks for reading!
Veejahbee.
EUR/CHF elliot wave update 17/07/2020we got lose to the support area, you can buy if you see a buy candlestick
GBP/USD elliotwave analysis 21.07.2020the current uptrend seems to tbe last leg of the corrective structure.
I so bearish on this
S&P500 Elliot wave analysis,25/07/20 watch 3180$The ending triangle tend line is broken. I will consider a bearish scenario and entering wave 1 of the reversal only if we break through 3180$
For Bullish scenario
1- Wait for the confirmation level(3180$) to break
2- You might see a pull back , sell if you see a sell candle in the pullback(usually happens at 50%-61.8% fibo ratio)
3- Stop loss at 3293.7$
** MAKE SURE YOU ARE NOT RISKING MORE THAN 1-3% Of YOU WHOLE TRADING ACCOUNT, THE AMOUNT OF MONEY YOU LOOSE IF WE HIT THE STOP LOSS MUST NOT BE MORE THAN 1-3% OF YOUR WHOLE CAPITAL***
USDJPY Trade Analysis by Wave FX Academy (LONG-Target 108.00)Hi Traders, here is my analysis for this pair. I'll be expecting a small correction in the market before the rally to the upside with possible bullish momentum entering the market.
Like and Comment your thoughts . All feedbacks are welcomed.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
