Get started

Elliottwavecorrection

Malaysian Crude Palm Oil Futures to expect falls below RM3800Hello there, it's been awhile since my last published. My apologies for not being actively in publishing the idea like i did before in 2020. Hope you guys are doing good. Anyways just to update to you guys, im curently studying & practicing Elliot Wave from EWI (google it) since feb 2021. Was a candidate of CEWA examination LVL1 and right now im looking forward for LVL2&3 examinations & highly dedicated to get my CEWA-M to be the first one in Malaysia(May God wills). And ofcourse ! to contribute back to the society. Okay, lets take a look in FCPO. Based on what i have seen & following the FCPO movement since middle of jan 2022, this is what i found; 1. The current movement is in the Corrective Mode or inside the primary wave. 2. Apart from that, A & B wave have been terminated and right now are moving in C direction. 3. When we take a look in the extensions of wave 3 (intermediate), are moving in the guidelines in what we called as "Channeling" - we can see in wave 4(minor), the price slightly move beyond the channel trendline. - Based on the guidelines, we are expecting wave 5(minor) will terminates beyond the trendline channel below in what we called as "throw over" - When the fifth minor terminates, then we can concluded wave 3(intermediate) will also terminates. The next wave 4 in Intermediate Wave 1. We were expecting the movement will be in alternate waves (Well, the harmonic traders love that so much ! Cause it is the time to maximize our profits through up-side-down of the price) To conclude, we can say FCPO has the ability to moves downwards and next... in the flat(sideways) direction for a while before beginning the new bullish wave in motive primary. I could be wrong. But please just use it as an idea for you to analyze the market. Stay safe, save cash & trade at your own risk.
MYX:FCPO1!
by zhafrihandsome
7
Now bitcoin is in corrective movements.Now bitcoin is in corrective movements. According to Elliott, it is in the dominant zigzag pattern. Any growth in this pattern is an exit opportunity and somehow a rest for further decline. After completing 5 waves of wave C There are two predictable scenarios First, the continuation of the correction. In this case, this coin will grow during three main waves, and after that, it will fall sharply during 5 waves. The second scenario is the end of the correction after the completion of wave 3, and after that this coin can climb up to the level of $80,000 based on the Fibonacci target . BINANCE:BTCUSDT
by aligheysari73
Triangle in Elliott wave theory Indian bankElliott wave theory is itself is a complete technical analysis which shows the naked price action. In the Indian Bank chart, the triangle is forming. As we discussed in our previous analysis (attached in link to related ideas), the triangle can burst in any direction. Only two possibilities occur in Indian Bank, 1. If an Indian Bank crosses 162, it can go to 205. 2. If Indian Bank breaks 140, it can easily go to 114. In both cases, more than 20% of the move is a sure-shot clear move. Happy trading.
NSE:INDIANB
by tradersmantra
NZDCHF: Price has started unfolding final wave (Y)Key levels: 0.6520 Price is forming a corrective descending channel for 13 months. Currently, the price is facing resistance at the upper band of the parallel channel. As per Elliott wave projection, NZDCHF is forming corrective structures (W), (X) & (Y) . Price has completed the intermediate wave (x) and started falling for the final wave (Y). Traders can short for the following targets: 0.6362 - 0.6274 - 0.6124- 0.6052. Invalidation: Breakout of wave (X)
by forextidings
2
Gold, catch the end of wave C ?Gold has been retracing recently from a short term perspective. I am still bullish on it, after the 40-year high of UK inflation today (what made GBP currencies fall few hours ago). I like the third wave in the correction to reach 80% fib level before catching the buy. Buy after confirmation patterns on that level, because Gold can keep trending down and expand the wave otherwise. If you can afford taking more risks, gold can bounce from the actual level (61.8%): risk management is always the key to success.
OANDA:XAUUSDLong
by joe-abdallah