Elliottwavecorrection
USDCAD AssumptionEnglish :
This analysis is on daily timeframe. The main trend condition is downtrend. I made this assumption based on the elliot wave theory. Based on his theory, the impluse is now in the 5th wave, and it is now in formating correction wave A. I assume the 5th wave has been fulfilled because of a long-tailed doji candle at the peak of the 5th wave which is continued with a bearish candle a long marubozu. However, as we know, no analysis is 100% accurate, anything can happen. As in the picture, my next assumption is the formation of a new pattern, Head & Shoulders. This assumption is based on the elliot correction theory, support and resistance lines.
Indonesia :
Analisa ini pada timeframe harian. Tren utama adalah downtrend. Saya membuat asumsi ini berdasarkan teori gelombang elliot. Berdasarkan teorinya, implus saat ini sudah berada pada gelombang ke-5, dan sedang dalam pembentukan gelombang koreksi A. Saya mengasumsikan gelombang ke-5 sudah terpenuhi karena adanya sebuah candle doji berekor atas panjang pada bagian puncak gelombang ke-5 yang diteruskan dengan candle bearish marubozu yang panjang. Namun, seperti yang kita ketahui, tidak ada analisa yang 100% akurat, apapun bisa terjadi. Seperti pada gambar, asumsi saya selanjutnya adalah pembentukan pola baru, yaitu Head & Shoulders. Asumsi ini berdasarkan teori koreksi elliot dan garis-garis support dan resistance.
IMW may bottom out in mid-MayFor context please note we are dealing with weekly candlesticks here, I'm pointing that out b/c people are used to seeing shorter time frames and I don't want anyone to be confused. Overall I think we are in the beginning stages of a large degree C-wave in an ABC correction. I am neutral on the Russell as of now b/c I think we need a smaller degree B-wave up in the ABC pattern of the C-wave itself. Also note that a curved arrow in my chart represents a huge gap that must be filled sooner or later.
Once IWM starts to dip again I am targeting the 123 region in May of this year, price is based on the notion that the large degree C-wave may be roughly equal in length to the initial A-wave and duration may be similar as well, Obviously this is a rough guide and once she starts to bottom we may take note of bullish divergences and/ or volume patterns indicating it may be time to reverse up. Again, I am bullish short term and bearish months out. Please ask any questions and share any thoughts, thanks.
TXRH - End of Wave 3TXRH gapped higher with Earnings to complete a Wave 3. While I am bullish on the stock. I expect that TXRH will initiate a correction wave and for price to fill the gap that it left with Earnings before it continues to move higher to 80. Setting my initial target of ~65 by early April before it continues to move higher.
NZDCAD: Preparation for another downside move
As you can see in the posted chart, the pair will eventually goes down after the completion of triangle pattern (3-3-3-3-3).
The blue box indicates the next target level of last movement of (e) wave.
This analysis is just one possibility of many scenario, but for me, it is the most anticipated and preferable scenario. Let's see how it will be played out.
Elliott Wave - SELL GBPCAD - Potential Leading diagonalGood evening traders,
We are testing out some Elliott wave analysis.
We are currently watching the GBPCAD as we could be looking at a leading diagonal.
A leading diagonal consists of five waves, labeled 1-2-3-4-5.
Waves 2 and 4 are always corrective,
Wave 1 is usually the longest
Wave 3 cannot be the shortest among waves 1,3 and 5.
Waves 1 and 4 overlap
Leading diagonals occur in the position of the first wave of an impulse or wave A of a zig-zag correction.
Any thoughts or comments are welcome,
We are currently shorting with our initial target of 1.6900
EURNZD - SHORT PLANLooking to EURNZD, there is a good setup in this pair.
Based on EW, I would like to see the price getting higher to my "Area of Value" and I will go to lower timeframe to get into short opportunity.
We can call this intraday trade, in order to confirm my short bias of course I would love to see if the price makes a Lower Low in Daily TF before doing any pullback. In this case also, its finishing all impulsive waves.
Let's see how it goes.
NZDUSD - LONGBig opportunity in this pair to go long as I assume Wave 4 has formed at fibo 23.6% and will be finishing Wave 5. My purpose here to see if this pair can make a Higher High in big Timeframe to go along with my bullish bias.
Simply based on Elliot Waves Analysis.
Thankyou and let's see how it goes.
AUDUSD The Bleak FutureAUDUSD... Yes, you are in pain right now.
Not only you are in the middle of disaster, but you also failed to break and important zone...............
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I am looking to short this pair...
But this is still an idea. I need more data. But so far... It looks bleak.
My condolences to all people facing the disaster in Australia.
My heart goes to you and I will help in anyway i can.
For all of you dear Readers.
Give your support and time for the people facing the Fire in Australia.
P.S I haven't update my count.
Becoz i haven't traded this pair yet.
EUR/USD Wave Analysis Buy Set UpEUR/USD have been consolidating lower in a corrective structure since December 13th, the move down is contained within parallel lines which gives more support that price will continue to the upside in a underlying Bullish trend. Price is currently being supported by the 61.8% fibonacci retracement level of the most recent swing low, The 3 wave corrective structure shuld come to a end this week and I am looking for Buy set ups
$AMC here it is for the record:Likely completed 3-3-5 correction from ATH, but Does the bounce from 7.47 to 8.71 qualify as a leading diagonal? Hard to tell if they are all zig Zags or not on the 5 & 15min tf. Looking very bullish on longer timeframes. Failed to tap median line of the Andrews' pitchfork and upper warning line is now shown as support. Tapped the bottom of the channel in the final impulse down. Daily rsi breakout from trendline and multiple bull divs. Bull div on weekly and monthly rsi. You would think it would just be another sideways correction before more continuation but imo difficult to rule out a leading diag on the 5 or 15m from 7.47 to 8.71. If not, can someone explain how this is an extended 5th? Wave 5 cannot exceed length of 3 at 4.15.
BTTUSDT Bittorent Its Almost Time for The Drought To Endafter a long and ridiculous retracement. strong Support at 3kish