Elliottwavecorrection
A discount or ?Still Bias on A Rally in GOLD
Looks like a zig zag forming giving more buy opportunities
GBPAUD analysisHi traders, I think that we might see one more push to the upside on GBP before reversal. I want to see price to made some price action for buy, it might bounce from trendline. I see gbp index to push bit higher. Around upper trendline where i expect reverse its even daily SMA line which can nicely push price lower from that point, and there will be abc flag completed. So far we are having A and B wave in that 4h flag correction, so C wave is expected. Wait for price action before buying! Good luck
MUST SEE! LINK/USD To This Price!?! Here's How...Welcome everyone,
My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life. It's 100% possible!
Let's Talk LINK/USD
So this baby is staring at a dark scenario to $6, however depending on what side of it you are on that could be very profitable as well.
If you follow my style of trading and system I'm very big on acknowledging both counts to the market so we can be prepared for either scenario.
But we also have to pick a side, so we have had a short setup on LINK since 13.10, which is standing up about 10% at time of writing.
So the bearish invalidation is going to be surpassing previous high at 14.88. Until then downside potential seems strong.
Let's also talk about the upside potential. If downside count is invalidated at 14.88 basically, then that's where we should also know where the upside potential lies. It's hard to deny that LINK's current climb in the ascending channel has been corrective, it had the opportunity and dropped the ball, so if we're going to move higher it will have to be as a complex structure and we should likely look for a 1:1 extension in the green count that takes us to 25.74. In this case it'd have to be a running flat at most and then take us higher.
Multiple ways to trade the intraday on this as it plays out in either direction. Follow along to keep updated with the count and for more info check out my signature tag below.
To your success,
Schyler
CADJPY short term setupEnd of wave B on CADJPY 4H. I expect some downfall to wave (ii) and I share with you my potential setup here.
DISCLAIMER:
This is only an idea and must not be taken as a trading signal.
Please leave a like or your comment below 😊.
Follow me for more updates.
XLM/BTC - Breakout from Double Three Correction
An update on XLM/BTC. It looks like a clear breakout from the Double Three structure with price breaking out from the zigzag into an initial five wave impulse of a smaller degree. Let's see how it plays out for confirmation.
Please refer to the previous idea I have linked below and follow for further updates.
Trade safe,
Beyond Edge
Disclaimer
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided. Trust your own analysis.
Beyond Edge
5th Wave Almost Complete - SELL The BreakdownGood evening traders,
Crude oil has seen a bullish breakout from a bull flag pattern. However, we are possibly seeing a 5th wave top setting up at the moment, inside a rising wedge formation.
Due to positive vaccine news and the global economy coming back online in the near future, the long term picture remains bullish for crude oil.
However, the short term picture could see a pullback due to the technical structures.
We are waiting for a breakdown from the rising wedge formation to enter a sell position.
Stop loss will need to go above the most recent swing high.
Any thoughts or comments are welcome.
XAUUSDHELLO Traders here is a full forecast of GOLD aka XAUUSD for a long term bullish . Trade based on price Actions indicated on the charts. Let me know your forecast ideas in the comments section based on your stratergy so we can learn each other.
XAUUSD Elliott Wave Forecast - Fourth Wave Still in ProgressHello all,
Price achieved 1800 today and had an initial bounce of the horizontal support. It's possible that it can drop into the 1750 - 1760 zone.
The corrective structure is still in formation. As mentioned in my previous idea, expecting to see a lower degree correctional structure forming over the next month to get a better idea of where the best possible entry will likely occur. Price action will likely be choppy.
Follow me for more updates on this one.
Trade safe,
Beyond Edge
Disclaimer
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided. Trust your own analysis.
Beyond Edge
XLM/BTC Elliott Wave Analysis - Breakout?Hello all,
I've counted this with many different sequences and feel that a Double Three (WXY) combination is what has likely been printed here.
It's possible that it continues to correct further to three corrective structures and forms a Triple Three (WXYXZ).
I'm looking for a set of five impulsive and composed waves to rule this out and signal a change in the direction of the trend at one larger degree. Follow me for further updates.
Elliotticians your input will be kindly received, please leave a comment and feel free to share your opinion.
Thanks for looking,
Beyond Edge
Disclaimer
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided.
Trust your own analysis.
Beyond Edge
ABC Correction started for the EWT on AluminiumMCX Aluminium has started falling due to Elliott Wave's ABC correction. Expected A is at 100% or 161% retracement of wave 5.
Therefore, it can start rising from here to the level of 164.4 . The day traders can have the advantage of this impulsive ride of B .
According to ABC correction, we may see the Aluminium prices below 161.6 - 159.4 before the weekend.
GBP/USD - Reverse Symmetrical Correction - Bearish OutlookEvening all,
A bearish formation printing into place for GBP/USD.
Price will continue upwards in the short term and potentially create a throw-over before a reversal back into the triangle and a sustained move downwards.
A longer term bearish outlook going into 2021. A good strategy to buy from pullbacks on the smaller time frames until then will provide some wins.
Manage your risk well and remember to always plan your trade and trade your plan.
Beyond Edge
Disclaimer
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided. Trust your own analysis.
Beyond Edge
