NVDA WAVE 4 PT $430Looks like we are in a wave 4 correction that is now on its C leg. This should drop us to around $430. We will most likely continue sideways ~$500 before dropping, or this could happen next week.
Wave4
Audchf short term trade opportunityHey everyone, there seems to be something brewing in the audhcf. On the greater term we have popped out of a triangle we've been in since june and have seen a small correction. As my elliottwave analysis shows, we are in the wave 4 of a greater 5 wave move, and are about to be on our way much higher. The current support will be a bit below the 3 previous swing lows. I These 3 lows, which also happen to be on the 200 ema of the 3 hour, are a HARD support and if we break it, I am looking to take a short to the downside.
For this trade the target is the top of the most recent wave 3, with the ultimate target, and best case scenario being we hit the 2.618.
Another reason as to why I am going long is the action on the 3 hour macd. I believe that we are starting to see some bullish divergence as indicated by my trendline.
Long story short, my recommendation is that you go long up to the 0.67254 mark with a stop loss at 0.6575.
I hope this trade finds you in a good time and prosperous place. All the best
-Mika Kwiecinski
MARKET COMPLETING WAVE 3Based on Elliot wave theory, the ENTIRE market is nearing its completion of the 3rd wave. This coincidentally will happen just as the IWM is completing its full 100% retrace from lows which also follows elliot wave rules. The range to look for is $360-$365 with the mean target being $362. Everyone knows the entire market is beyond parabolic and way overvalued. there is not a single company that is not trading at a "fair value." eventually the rug will be pulled. Once wave 3 starts, we head into wave 4 which should bring us down to a minimum of $250 with a possible extension down to $200. This wave 4 will most likely follow the pattern of wave 2 with roughly 10 years of sideways consolidation. Meaning it can be a complex wave 4 having swings from $360 to $200. Once wave 4 is complete, we head into wave 5 which should easily carry SPY to above 500.
SPX in an expanding Triangle? SPX looks to be in an expanding triangle for a wave 4, dump around election?
AUDJPY SHOULD COMPLETE THE 4TH WAVE RIGHT?after seeing the recent Support and Resistance zone gets broken towards the bearish position. Also, from the wave 1 formation...the wave 2 retraced up to the 78.60% zone. the wave 3 only gave a slight movement above one. At this point it could be seen that the formation of a diagonal is showing up.
We anticipate the wave 4 completion to the trend line below.
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How to Count Elliott Waves Within 10 Seconds - Part 2 [ Wave 4 ]The question is How to Count Elliott Waves within 10 Seconds.
In this tutorial, you will learn how to identify wave 4.
We do not follow the traditional technique of counting waves on the price chart. We follow the Bill Williams concept of counting waves on the AO.
Building on Part 1 of this tutorial, we will now learn how to identify Wave 4.
part 1 is linked below.
The minimum requirement of Wave 4 is that AIMS Wave must create at least one bar of the opposite colour against the current Wave 3.
So before you identify wave 4, you must identify Wave 3.
Please HIT HIT THE LIKE button on the video above ... and ask any follow-up questions in the comments section below.
GBPJPY WAVE 4 SHORT We can see that there is some divergence from wave 3 to 5 of WAVE 3 . This shows that a short is in play. As Ellioticians, we look at WAVE 4 to not go beyond 38% of WAVE 3. Once WAVE 4 is completed I will be looking to buy this market for its final push to the upside before it comes back down.Be very careful when trading this, as corrections are risky to trade. If you do trade corrections, always trade the final C wave only.
I look it as Wave A to be a sign that it wants to go down. Wave B gives the possible entry and stop loss as well as TP. Wave C is where you should trade it. However, the market is on bullish trend as Major market levels have been broken. In my opinion, the trend is your friend till the very end till it bends. The overall trend is bullish, I will be looking to buy the market instead of selling this correction. Remember, its only correcting to go back up for one last push.
Please do not consider this as a signal.
Capital preservation is important.
Trade responsibly.
Zoomed out Hey,
This is my Bitcoin view in the longer term. (EW)
I zoomed out to get a better perspective where we could be in the larger picture.
I was able to get a clear count in the bitcoin log scale chart, which makes me believe we still are in a larger big wave 4 correction.
A very complex wave 4 correction but possible as the large wave 2 was pretty simple.
What you see here is the wave 4 still incomplete, my lowest target would be the 0.5 fib level ($1800).
Invalidation level at the top of the big Wave 1.
I know we got the halvening coming up soon, maybe we all expecting to go the moon in 2021 and thats why it wont happen.
Lets see how this ages.
Goodluck yall'
Last leg down for silverLast 5th corrective wave of C down to green box, will end total correction of big wave 4. Wave 5 will start there till new highs at least 20.44
Gold Last leg downWave 4 of XauUsd is incomplete. The ABC correction has to end at green box. Then we can talk about Wave 5.
XAUUSD Wave 4 Complete? Potential to get long for wave 5XAUUSD has been trading in a complex correction since hitting the 4th of September high. We can now count a complete Elliott Wave X-Y-Z pattern. The 1445 - 1455 area has provided good support / resistance in the past and the 38.2% retracement of wave 3 comes in at 1447.
We have bullish divergence on Stochastic indicating momentum could be shifting to the upside as the bulls start to take back control.
Gold at wave 4Short term sell for XauUsd. Gold is at wave 4 and correcting till 1440-1450. Wave 5 target is projected at 1650 and will start in October.
sell for elliot wave count (wave 4)im still practicing and this is for the better of my own education, i want to begin trading using elliot wave i took the most relative high and begin plotting were on wave 4 i believe that price can cont on to wave 5 and tp will be set at 1.28500 area
USDCHF long, wave 4.I believe we are forming an Elliot wave and will be looking for buys on USDCHF at around 0.9700.
I will be placing an order and expecting a snipe trade straight into profit.
If I was to be more conservative I would wait for a bullish candle on 4H.
My analysis predicts we will have a corrective wave from 0.9700 to my highlighted zone between 0.5 and 0.618 fib retracements.
Trade will look something like this:
USDCHF
BUY LIMIT @ 0.9700
SL @ 0.9640 (60)
TP1 @ 0.9860 (160)
TP2 @ 0.9900 (200)
Correction on the way!It's been 56 days of upwards movement, and I know things cannot go up indefinitely. Getting a satisfying wave count has been difficult, but I'm comfortable with the one you can see here, and I will put my money where my mouth is! As wave 2 was mild, wave 4 will be strong, but most importantly, wave 3 was over extended therefore wave 5 won't have that much thrust behind. I'll be ready to ride it as I'm ready for an adverse scenario. Remember this: it's not about you and it's not about being right. It's about being prepared ;)
BITCOIN- Wave 4 Targets and path variations(7200, 6800, 6450)!Can safely say that bitcoin completed Wave 3 (4.62 extension-8400), consequently based on the RSI divergence on 4 hours, we can currently expect a Wave 4.
2 variations for Wave 4 based on Elliott wave consolidation: 7200 (0.236 consolidation level) and 6450 (0.382). Personally I am more inclined towards 7200. Additional structural support levels are 7450 and 6700-6800.
This consolidation could take about 1-3 days. So during the weekend and based on volume, we can expect a slow buildup for wave 5.
>>If you liked this take on bitcoin, I would really appreciate a thumbs up or follow up for more.>>
It seems that especially this summer will be extremely volatile for all markets. There will be plenty of detailed analysis following up .
P.S. Do comment your agreeing TA or one with a difference of opinion!
SF BTC LOOKING FOR A BOTTOM FOR WAVE 4 (6650-6500)On it's way to C(6650). This support might hold, in which case we might have a breakout on D. That will start the wave 5.
Other potential supports for BTC are 6500 and 6430.
If it doesn't hold above these supports tomorrow, by extension this will lead up to 5950. However by the current structure. This is highly unlikely.
It's quite an obvious analysis at this point, it's just a short update. The long time frame analysis is in the Related ideas.
>>If you liked this Elliott wave take on bitcoin , give it a thumbs up and follow for more.
It seems that the summer will be extremely volatile for all markets. There will be plenty of detailed analysis following up .>>
