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EWA

The Painful Years of Doomscrolling Are Coming to an End:Uncovering the True Structure of Social Sentiment in NYSE:SPCE I have identified a descending five-wave impulse pattern, where the fifth wave forms a terminal diagonal. Confirmation Criteria for My Analysis: By June 22-23, the price must precisely reach the $1.38-$1.39 range, not a cent higher or lower, and then correct in the format of the 5th wave of the terminal diagonal. By October 16-18, 2024, the correction should not drop below $0.3576 for the 5th wave of the diagonal. If these conditions are met, it would be an opportunity to look for a long position targeting a new high above the (E) wave of the impulse and a subsequent long-term bullish trend (keep an eye on the golden crumbs). Additional Insight: It is possible that the 4th wave of the diagonal has already been set, and there is a slight chance that the 5th wave of the terminal diagonal is also complete. The price might drop as low as $0.36, but it might not happen until as late as September 9, 2024. Once the lows are established by September 9, 2024, they must not be broken under any circumstances. If these lows are breached, we will need to explore alternative scenarios. Alternative Scenario: I foresee a blood-red path, but this requires a more detailed explanation, which I will provide later.
NYSE:SPCELong
by Logica_Levels
2
Bitcoin RoadmapHere are the three prevailing wave counts out there for BTC 1. The COVID-low is wave 2 and the Nov 2021 High is a B-wave for an ABC 2. The COVID-low is part of the previous impulse's correction creating a Running flat where the Nov-2021 high is wave 5 of the 2020-2021 bull market. 3. The COVID-low is wave 2 of the bull market and the Nov 2021 high is wave 5. I won't spend a lot of time talking about option 3 as it is nearly impossible when digging into the sub-wave counts. I suspect anyone arguing for this wave count hasn't gone beyond just eyeballing the chart. Option 2 has a similar issue. For the Nov 2021 high to be a wave 5, you must get 3 waves down and it just doesn't work. You get 5 down and 3 up. So in order to get a 5-wave move for the 2020-2021 bull market the COVID-low MUST be wave 1. But what if they are all wrong? As so often is the case with Elliott Wave Theory, the obvious is staring you right in the face. Without doing any analysis, just looking at the chart, the COVID-low is a textbook running flat. That means it takes the shape of a running flat. The same is true for the Nov 2021 high. It is a textbook overshooting B-wave. But everyone dismisses both of them as not being part of the bull market because that would make getting a 5 wave move impossible. But what if Elliott Wave Theory had an option where the COVID low could be part of a running flat and the Nov 2021 high could be part of an overshooting B wave? It does. Let me introduce you to ending diagonals. And ending diagonal comes in 5h waves or C waves. It can come in any lower degree 5th wave or C wave. What it is, is a series of overlapping (usually) waves most often subdivided into 3-3-3-3-3. This allows both the obvious running flat and overshooting B wave to be what they want to be. What will be challenging for a lot of people is that this diagonal will start off a lot like anyone would expect the bull market to start off. We will get 5 waves up and a deep 3 waves down, giving us a what looks like a 1 and 2 of the bull market. Because this wave 1 (as people will call it) will be so powerful, people will be calling it an obvious sign of a super-cycle. This will be my A and B wave of wave 3. Wave 4 will be another deep correction, and many will be calling this wave 1 of wave 3. Something you always need to be aware of in diagonals is the real possibility of a truncated wave 5. The odds of wave 5 truncation go up quite a bit in diagonals. The way way we will be able to figure this out is by looking at the sub-wave counts. If they seem weak and confined it will likely lead to truncation. I do believe truncation is highly likely as a weaker bitcoin could lead to money flowing into altcoins. But only time will tell which it will be. Breaking the Nov-2022 will negate this wave count, but more realistically, breaking March 2023 low will effectively negate this wave count. But this will lead to a more bearish wave count where we are going to get a deeper combo correction. This is highly unlikely at the moment. If we get a higher-than-expected move up through the summer to 55-64k, this will really validate my count. The reason is, a wave 1 of this magnitude would lead to astronomical projections for an impulsive 5-wave move. There will be many trading opportunities within this diagonal. More detailed analysis is required near the highs and lows of this diagonal to find good targets with strong risk-to-reward ratios. Ultimately my target for Bitcoin is between 98k-105k before we get a cataclysmic correction back down below 10k. This correction will present great opportunities as well as it will likely be some kind of flat where wave b retraces a substantial part of wave A before extending slightly beyond the end of wave A.
BITSTAMP:BTCUSDLong
by Faux_Hubris
6
Gold: a harbinger of world cataclysm.While the forecast on small degrees, which is updated here on the 7th of each month, continues to come true, let's talk about the future, not about trading. So, the ending diagonal in a cyclic wave "V" is forming, with the alternative being impulse. These calculations are very similar by the nature of the expected movement, with the only exception that impulse (D) of will not break the historical maximum, and (Y) of of the ending diagonal will do so for sure. Next and before that, everything is identical. Competent investors, some of whom subscribe to 89WAVES, have been flipping from stocks to paper gold all last year - a strategy that has produced substantial profits or reduced losses in the stock market. And all through this year, that approach will continue to pay off - gold will continue to rise, but now it will probably do so along with stocks. After the U.S. indices and gold updated to historic highs twice, it will be necessary to get out of speculative assets into gold physical, despite its potential fall in the wave - we watch the quotations of paper gold, and everything else will fall even more strongly. The end of the wave is the beginning of a global cataclysm that will bury all markets for decades: crypto, stock, debt, paper and commodities and the rest. We will not come to this point before the end of this year - it is necessary to have time to prepare. And I will help you in this, all you need to do is to check the subscription watch new forecasts.
COMEX:GC1!Long
by IgorFlow
1
Ethereum: high degrees, global forecast.I found out that for exactly 2 years I did not update the most high degrees on ethereum, I need to correct myself! Or not? The fact is that back in 2017, a forecast was made on the daily timeframe, which continues to come true. At small degrees, the forecast of six months ago is now being implemented. If you were subscribed to 89WAVES in 2017, you could first buy ethereum at 300, then sell at 1200, and re-enter at 80 with targets at 5000 - #ETHUSD updates go public on the 4th of each month for investors, in premium channel - almost every day for traders. Yes, I'm hinting that you need to check the subscribe button so as not to miss the trends! And, as you understood from the text above, I continue to wait for the growth to the 5000+ area, to which the coin literally did not reach $100 in the past bullish cycle, in order to completely exit all altcoins - then the onset of crypto winter is likely for decades. I will also beacon you here when the structure is fully developed.
KRAKEN:ETHUSDLong
by IgorFlow
1
EURGBP: I will look for Buys if a Reversal set-up comes.EURGBP Tech. Analysis: Elliott Wave & Harmonics. * Harmonics Pattern: Bullish Cypher * Elliott Wave Pattern: Running/Expanded Flat in (B) (red) * Supply Zone * Fibonacci Extension & Fibonacci Retracement: Confluence EURGBP Long: My Trade on the FED Press Conference (FOMC/FRED) * Entry @ 0.85100 * SL @ 0.81500 * TP @ 0.91985 This is a trial trade for a potential swing and add longs thing. Many pips ahead, Richard, the Wave Jedi.
Long
by EW4X
9
🥈Silver (XAGUSD):Long-Term Elliott Waves●● Preferred count ● XAGUSD (SAXO) , 🕐TF: 1W Fig.1 You can read a detailed commentary on the counting of the wave structure of long-term waves in the previous review . At the moment, long-term growth is expected to resume within wave Ⓒ of III , which has the right to take the form of an impulse or a ending diagonal . _______________________________________ ● XAGUSD (SAXO) , 🕐TF: 8h Fig.2 It is assumed that the correction within the primary wave Ⓑ formed an expanded flat . I also want to draw attention to the formed pattern of technical analysis "Bullish Wolfe Wave". The model is indicated by two blue dotted lines, the upper line acts as a target for the expected upward wave. _______________________________________ ● XAGUSD (SAXO) , 🕐TF: 45min. Fig. 3 _______________________________________ 🕐TF: 8h Fig.4 Locally, an alternative wave count suggests considering the probability of expanding the boundaries of the wave Ⓐ , complicating its structure to a diagonal consisting of zigzags. The markup is somewhat more harmonious, but has a number of controversial sections, for example, in the triangle X , in my subjective opinion, two subwaves are multiple zigzags , which is prohibited by the rules. Anyway, the double zigzag in wave (2) is most likely completed. An upward wave is expected, based on the depth and structure of which we will distribute the options. _______________________________________ _______________________________________ ●● Alternative count ● XAGUSD (OANDA) , 🕐TF: 1W Fig.5 The globally alternative count, within which a large triangle (IV) is formed (more details here ), along with the local alternative, suggests the development of an ascending diagonal, but in this context - as the final wave (C) of Ⓑ . _______________________________________ Disclaimer: — The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
SAXO:XAGUSDLong
by TradeWaves-EWA
Final move of NASDAQMy global EWA ( Elliott Wave Analysis) view for the Nasdaq index suggests that after the corona flashcrash (Feb, 20 - Mar 23 in 2020) a flat correction formed and index started a new wave. For now I'll only consider the current wave, because the question of the highest degree can take us to another discpurse, which at the moment are of secondary importance. So, I guess that Nasdaq from Mar 23, 2020 till Sep 2, 2020 formed Wave (1) ended at 12465.25 and after fast ABC correction ended at 10656.5 in Sep 21, 2020 started Wave (3). First of all I want to note that I know that a lot of elliotician like to describe further movement as truncated zigzag or something else, but I decide not to break the rules of Elliott Wave Principles and count next initial wave as leading diagonal with flat correction ended at 10942.25 in Nov 2, 2020. In case of flat correction as wave 2 of (3) we can't get overlap with wave 4 ended at 12207.25 in Mar 5, 2021 because high of wave 1 of (3) ended at 11604.75 in Oct 2, 2020. In the period from Mar 5, 2021 till Nov 21, 2021, a full-fledged wave (3) was formed, in which each subsequent wave has an extension (5>3>1). I also built a channel between the top of the 1st and 3rd waves to the 2nd and at the moment we have a good price reaction bounce with pinbar from the border of this channel. I can assume that the price decline (from 16767.5 Nov 22, 2021 till 15669 Jan 10, 2022) has formed a complete correction in the form of a flat. We have good support level at 15180 which formed in Jul - Aug 2020 + ema100 reaction as dynamic support also. At the moment I expect that the price will start forming the final 5th wave of this impulse. Presumably the price can reach the level 1.618 extension of the previous higher degree wave. BTW, we must consider the following: - current flat can be included in the combination and complicate the possible corection - as we know in case of last 5th wave of impulse may be variability from the classic impulse to the ending diagonal , which will not be easy to trade due the increased volatility .
CME_MINI:NQ1!Long
by Ewangilist
🎌USD/JPY - the market devaluation of the yen will continue ...●● Mine scenario ● USDJPY (IDC):🕐2W Time passes, but the Japanese yen is not moving anywhere ... For more than two years now, I have been successfully forecasting a contracting triangle, after which a decline was expected. I think it's time to change something, for example, as the main scenario, consider the probability of an upward exit from the model. Yes, yes, after weighing all the pros and cons, I came to just such a scenario. ● USDJPY (FXCM):🕐1D The goals set back in September 2020 are still relevant and are likely to be achieved. The complication of the wave (C) of ((D)) to the ending diagonal is expected. ● USDJPY (FXCM):🕐4h Provided that the diagonal is formed by the wave (C) of ((D)) , I will fix a long position and switch to a short position with an eye on the implementation of an alternative wave count. ●● Alteranive scenario ● USDJPY (FXCM):🕐1W As mentioned earlier, the scenario in which a decline follows the triangle is now an alternative count. Nevertheless, provided the diagonal is formed in wave (C) of ((D)) and, under certain conditions, at the end of the final wave (E) of ((X)) , we will consider opportunities for trading in a short position. ● USDJPY (FXCM):🕐1D The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
by TradeWaves-EWA
🦘AUD/USD - long-term forecast.●● Mine scenario ● 1M Since the spring of last year, I have been using the variant with the large triangle IV as the main count. I believe that the growth of the wave ((C)) of the model will continue with the approximate goals of 0.92800 , where the norm of 61.8 % of the wavelength ((A)) of IV will be achieved. ● 2D A variant of count for the internal structure of divisions (B) - (C) of ((A)) and (W) - (X) within ((B)) of IV . ● 1D Wave 3 is likely to show extended. ● 4h The potential area of finishing the correction ((ii)) of 3 is the green Fibo levels outlined by the blue channel. If the top 2 , the top level " invalid "., is broken, the count marked in black will remain under consideration, in which the wave (A) of ((C)) forms the leading diagonal of zigzags. ●● Alternative scenario ● 1W An alternative count suggests wave IV of the type of sharp correction in the form of a single zigzag ((A)) - ((B)) - ((C)) , the top of which is at the maximum of 2011 . Next, a double descending zigzag, which in the context of a higher degree can be identified as the first wave of the Ending diagonal V . ● 1D I plan to return to the search for points in the long-term short trades if waves (A) - (B) of ((3)) are formed, or waves 1 - 2 of (A) , the first of which will go beyond the top (B) — " bear lvl ". The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
by TradeWaves-EWA
🎮 Nvidia — Big 🐻 comes out of hibernation.● 4D NASDAQ:NVDA I really want to believe that only the first wave of V of (III) is formed from the top of triangle IV . But it is necessary to prepare for the worst — for the main scenario, where on the horizon the senior correction of the fourth wave of the " Supercycle " degree with approximate goals of ⁓ 10 $. ● 1D NASDAQ:NVDA The area indicated by the pink channel can serve as a reversal target. In the range of 830-870 , there is a cluster of significant Fibo extensions. The primary wave ⑤ will complete its target by reaching 161.8% of the wavelength ① . When the values of 830-840 are reached, the wave ④ will divide the wave V in the Fibonacci ratio, and the waves (1)-(5) in the composition ⑤ of V will reach equality. ● 2h NASDAQ:NVDA It is very likely that the wave (4) is completed by a contracting triangle with a further exit up. An excellent setup for buy trades with an eye on the early resumption of growth with the final wave (5) of ⑤ . The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
NASDAQ:NVDALong
by TradeWaves-EWA
4