EWT to 24$EWT broke its all time high, look for retest of its ath and confirm it as support, that will be our buying zone and will hold it for another 100% move.
Ewtrading
EWT Broke Bear trend and could reacht for ATH (like DOT did)EWTBTC breaking Downward beartrend/falling wedge with a strong bullish divergence (1Day)
Missed a couple of beautiful entries but now added 50% and will stack on the way down. SL under top of wedge.
XCUUSD (Copper)Maybe the red (2) is already finished but it's also possible that there is a Y wave to the downside is missing.
use stopless but... "ENERGY WEB NEXT LEG UP?!?!" Already has pumped 76% in 7 days but whos counting :P. I feel like there is some driving force of adoption or partnership I'm not seeing but with the way this baby skips across the 50 EMA all the time. I can't help but wonder if this graph shows this WOUND UP yet again. I am going to place a small wager with stop loss because I believe its ready to fire one more time before pull back. BE CAREFUL AND DYOR!!!
TSLA - Where are we now?It appears TSLA has just finished it's latest massive move up and is transitioning to a distribution phase. If TSLA cannot recapture the upper $1500 level, I would wait to re-enter. If it does however recapitulate above the $1600 level, it does have more room for newer highs. Personally, I think it's due for a decently sized correction.
Potential Re-Entry range: $1,250 - $900
Note: This is a very wide range, we need more price action to confirm a more specific re-entry price.
Update on my previous EWT pattern I underestimated the possibility of the market needing 3 rather large waves to complete the 5. It appears now we are getting closer, but still has a bit more upside to go. Could also spike above before turning, but in any case this is a terminal pattern. I would NOT chase prices higher here, but wait to short once it confirms.
BTCUSD - EW Outlook - Perfect Fib Based Elliott WavesCurrent most plausible count.
Once you see it with elliott waves, you see it.
Updated - Tron (TRX) - Elliott Wave Count and Prediction - 4hrI'm making a slight adjustment to my Tron (TRX) EWT count.
It appears TRX isn't waiting around for a slightly deeper pullback to complete (2), so it's highly probable we are now in a (3) of W3 which will give us a fantastic run-up in the next week or so. Notice the red vertical time cycle lines and the beautiful symmetry between the subwaves of W1. This supports the wave count further and I can find no alternate count nearly as probable as this. The subwaves of W1 peaked around 17 day increments. Using this symmetry puts us at January 27th (+/- 24hr) for the next noteworthy pullback. At which time, wave (3) of W3 should complete. Then we will consolidate for a wave (4) of W3.
Please feel free to comment and/or make suggestions on how to improve my wave counts.
I love wave counting the markets and am in awe of their beauty, but *NOTE* I am not an investment advisor and am not offering investment advice.
would exit long position and wait to shortthis idea is a trading concept of Elliott waves trading shows , that the market is on its 5th wave up and would have a correction soon , exiting long positions at this stage is highly recommended
Follow up on my long term view of the Dow Industrials.2 charts.9 months ago I posted a long term chart (link below) suggesting the top may be in using a Fib fan (one fan that I have tried where most of the major turning points actually seem to relate to the fan). In that chart I showed another option of continuued up move. That up move which we are in now seems likely to me could go up to the next fan line level which is currently around 22000.
Earlier in my trading I used a lot of EWT which by the way when used alone is not very helpful (at least in my hands). It's form however is often visable in retrospect. So here is my current view of the EW count that I see. Notice that the "3" waves at all three levels are sideways consolidating triangles.
The upper channel line on this chart is also around 22000 +/-500.
I will post another chart to go with this. These may not help you trade but hope you enjoy it!
USDCAD EW Count: Here's The Level I'm Watching (LONG)Hey Traders! Waiting for a pullback and completion of wave-((c)) to buy this pair and ride out the continuation. We have already completed an bullish impulse and have ALMOST completed the pullback. There is a chance the pullback is already complete, but the wave count is not concise and therefor I am not buying it due to uncertainty. If we can see a pullback, I'm in and will provide an update. Stay tuned!
