Downloading...
Download

ELLITOWAVEANALYSIS

NVDA Full Wave Analysis from Weekly to Four HourGood morning Trading Family Here is a massive detailed video outlining my thought process using wave counting and some other tools to figure out where NVDA is going and why along with key levels to look for and some scenarios that we can see play out with NVDA Goal Here is to get you to see how using wave counting can help you form a a structure with your ideas using the IF Then methodology to become a better trader. If this video helped boost, like , share: I am very grateful and appreciate your time watching this video Any questions let me know and send me a Dm if you like Mindbloome Trading Trade What You See
NASDAQ:NVDALong
by Mindbloome-Trading
NOT/USDT Bullish Global 3rd Elliott WaveWithin the ascending channel, a five-wave impulse and an ABC correction have been completed, reaching the 0.618 Fibonacci level. The price has encountered the first resistance level (res). Based on the fractal from the initial five-wave pattern, there is potential for growth towards the upper boundary of the channel, into the Fibonacci zone 1.236 - 1.382. From there, an ABC correction is expected towards the Fibonacci zones of the second subwave 3(2) of the global third wave. Subsequently, I anticipate the formation of the first subwave of the third global wave 3(3-1). The Alligator indicator shows an upward trend. There is a support level (sup) below. The scenario will be invalidated if there is a breakout and consolidation below the support zone (sup).
Long
by WoWAcEDuDe
BANKNIFTY Just a ViewAs seems from the chart we have 2 no of possibility 1 I have depicted here. We have completed A (subdivisions 12345), B (subdivisions wxyxz) and hoping for C wave is in progress from today. And it may subdivide into 12345. Things that making this possibility likely are mentioned below: 1. The channel drawn from beginning of A to B end at C nearly 43943. 2. The projection of C==A is also falling at 43943. 3. today's move from bottom to mid of 1 is indicating wave 2 which is .618 of wave 1. The above point making possibility to be strong. We will review after price action of the morning. In our last analysis we were looking for the chart pattern H&S, but H&S not always are followed by wave patterns. Disclaimer : I am not a registered analyst with the Securities and Exchange Board of India (SEBI) or any other regulatory authority. The information provided here is for educational and informational purposes only and should not be considered as financial advice. Any investment decisions you make should be based on your own research and consultation with a qualified financial advisor. It is important to note that investing in securities involves risks, and past performance is not indicative of future results. I strongly recommend consulting with a licensed financial professional before making any investment decisions. I do not accept any liability for any loss or damage incurred as a result of reliance on the information provided in this communication. Always conduct your own due diligence and seek professional advice before making any investment decisions.
NSE:BANKNIFTY
by imkhushal
5
NZDUSD ELLIOT WAVE BREAKDOWN (FINAL POSSIBLE DROP)NZDUSD is currently at the finish of wave 2 which happens to contain a complex correction (WXY) based on Elliot wave principle as you can see from the picture above. Wave C which should contain 5 subwaves ending the overall wave 2 is about to be played out. Let see how it plays out... Trade Idea: - Watch for a break of the red trendline for confirmation - Enter with stops below price - Targets: 190 pips Goodluck and as always, trade safe!
Short
by Ifeanyichukwuxx
1
ETH GET READY FOR A PUMP AND DUMP !!Usually we will get a pump leading up to the week before the fed meeting. Everyone puts that to the back of their minds as they see the green candles and they start to think the low is in. They then get shocked when the price dumps usually on the Wednesday before the Fed decision. Wee are clearly in a descending channel if we break this at $1332 everyone will get bullish again!. I will expect we will get to $1400 and get rejected at the higher descending trend line. We will then go all the way down $1140 around the day before the fed meeting on the 02/11/2022. Lol and yes I have a crystal Ball. No just kidding but I have been analysing price movement around the fed decisions and this is the trend it has followed.! 🔮 but nothing is guaranteed in Crypto!!
Short
by Luckyjimbob111
IS THE BITCOIN SUPERCYCLE STILL HAPPENING?Dear Traders and Hopeaholics alike, Those that have followed me for a while, will know BEAR TEARS are one of my favourite things, unfortunately... after 9 consecutive red candles, it has been a while since we have truly experienced them. I'd like to welcome you to the HOTEL CALIFORNIA, which is such a lovely place where you can check out, but never leave... so that's the reason you're still here! I am the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short), and as I escape the Bitcoin bulls slaughterhouse and as the bears laugh... I'd like to remind you, that so far my long-term charts are all VERY ACCURATE... While many of you are waiting to BUY the 20K region, I am going to tell you why, you might just want to start buying now. The PITCHFORK CHART ABOVE and the same chart on a MONTHLY TIMEFRAME shows only a wick breaking out The GLOBAL MARKETS are facing the effects of quantitative tightening with the (USA) FED decreasing the liquidity within the economy, reducing financial assets on its balance sheet by selling them into financial markets or writing them off. On the chart above I show how after each BITCOIN HALVING, within 18months we had reached a new high, with this came an increase in inflation and quantitative easing turned to quantitative tightening, which at each point has seen a new low or bottom. THE PATTERN TO DATE After each HALVING there has been a strong BULL MARKET providing a NEW ALL-TIME HIGH. After each BULL MARKET - QUANTITATIVE TIGHTENING has been instigated by the USA FEDERAL GOVERNMENT, with world markets following. Once the BOTTOM has been achieved, there is approximately 1 year to the next BITCOIN HALVING then the BULL MARKET continues for approximately 18months to a new ALL-TIME HIGH, before the cycle commences again. Chart Above correctly spaced - ******************************************************************************************************************************************** THE TECHNICAL STUFF Taking current ATH as a corrective ELLIOTT WAVE RUNNING FLAT - we have a complete ABC corrective structure and C WAVE COMPLETED. (in the pattern shown above) - With the 4th wave potentially completed. GRAND SUPER CYCLE IN ELLIOTT WAVE. In ELLIOTT WAVE THEORY - we are currently in GREATER WAVE 4. (Sub waves may have one last wave to complete but in this pattern would hold this low) Wave 4: In Elliott Wave Theory, Guidelines • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates substantially beyond the starting level of wave A as in an expanded flat • Wave C fails to travel the full distance, falling short of the level where wave A ended • Wave C needs to have momentum divergence Fibonacci Ratio Relationship • Wave B = 123.6% of wave A • Wave C = 61.8% – 100% of wave AB Wave 4 - may be complete, or could extend into a complex correction taking the pattern sideways for the remainder of the time needed before the cycle commences again. ALTERNATE WAVE 4 PATTERN FOR THOSE WAITING ON THE 20K REGION - THIS ONE IS FOR YOU... ******************************************************************************************************************************************** To recap how a SUPERCYCLE IS POSSIBLE... BITCOIN SUPERCYCLE EXPLAINED For those that are new to my charts, here is the explanation of why I think this is valid and continues to be so. ******************************************************************************************************************************************** One day... a long long time ago in a faraway land (Australia) there was a man who called himself Satoshi Nakamoto... now he invented Bitcoin, and gave it a limited supply, of 21million coins, to date about 18.5million have been mined... It is estimated one-third of those mined coins are forever out of circulation, being forgotten about, lost wallets or passwords... but cannot be accessed ever again... There is also increased mining difficulty. This process has adapted overtime... On launch, miners received 50 BTC in 2012 it halved to 25 BTC then in 2016 again halving to 12.5 BTC and last year on 11th May 2020 we are now down to a mere 6.25BTC (as of today's writing this that is approximately $300,000.00 USD) Bitcoin's inflation rate is lowered effectively at the 4year mark, and the algorithmic math difficulty increased, making it harder for the computers to "guess" or "crack" 64-digit hexadecimal numbers (a "hash") this can take trillions of attempts. With this, mining difficulty increased, and it is estimated the last BITCOIN may not be mined until 2140 long after we have all left this Earth or if the network no longer continues to exist. Post 21 million coins mined - Bitcoin is designed to function as a closed market/economy, with transaction fees similar to taxes. At some stage for long-term survival, these fees will need to be capped or managed. Why BITCOIN is not a PONZI is the strong demand within the market currently, and with demand we achieve growth. It is explained from an except www.britannica.com Supply and demand, in economics, is the relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy. It is the main model of price determination used in economic theory. The price of a commodity is determined by the interaction of supply and demand in a market. The resulting price is referred to as the equilibrium price and represents an agreement between producers and consumers of the good. In equilibrium, the quantity of a good supplied by producers equals the quantity demanded by consumers. So in essence when the demand curve grows the price grows with this, sometimes breaking away with increased high demand. These regions will always be tested (a correction) and then usually continue higher. It is only when this curve is broken the demand is waining that supply becomes abundant, hence causing the price to decrease. In summary, as long as DEMAND is high and increasing, and Bitcoin SUPPLY which we know is fixed or limited, the price will continue to grow. Again a more serious post from me, just alerting you to the fact CRYPTOCURRENCY is here to stay, and this is only the beginning! ********************************************** When trading, always know you are in control 100% as you are pushing the buttons, and it is YOUR money/cryptocurrency you are trading. BUT let me tell you this... at HOPEAHOLICS ANONYMOUS and in my world... ANYTHING IS POSSIBLE!!! SHOOT FOR THE MOON - EVEN IF YOU MISS YOU'LL LAND AMONG THE STARS, BUT AT THIS STAGE I AGREE WITH ELON AND THINK WE ARE ALL HEADED TO MARS!!! ********************************************** If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set-up to be confirmed, and ONLY take a trade if it all aligns. So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED! And remember, there is NO RIGHT OR WRONG in trading - just money management! REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not a financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
BNC:BLX
by LisaNEdwards
18
ABC on point! Following on from my previous post regarding LUNA. We can clearly see this is now in an ABC correction after having completed wave 5 to $118. LUNA is now trading below the ML of the green TC and also under the ML of the red TC. With the impending DC starting to converge I expect a breach of the green TC to the A before a bounce. However this would take us to the previous 618, (yellow rectangular box) which if fails, would see a significant drop lower. My bias is to hold my short down to the A, asses the PA at that time and consider TPing and going long up to the B.
LShort
by Mr-R-Sole
GBPUSD Overview week commencing on the 13th Dec. 2021Weekly Chart - bullish momentum (not very significant candle) Daily Chart - Daily chart in a downtrend, broke previous level of support and trend-line also. Previous candle bullish engulfing. H4 Chart - A lot of indecision, however downtrend is still being maintained last fib being respect 61.8%. 30m Chart - break of minor level of support (watch out for potential of range), would like to see a retracement to a fib level and resistance point before taking a short position
Short
by Inacio_1998
3
Prepare for the Doge Pounce!Using Elliott Wave theory, Doge is consolidating within a triangle. Ending its ABCDE(pink) wave at the Pounce Zone. Pouncing 5 waves(white) up to 0.57 - 0.58 before taking another breather for another pounce! If targets are met, a cup and handle might form. But as always doge price action is reactive to doge master, Elon. Charts won't matter then. BTC price action plays a part as well. Not financial advice. Only for reference and educational purposes. Trade at your own risk and use risk management.
by investdimsum