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Elliottwaveforecasts

GBPUSD Trade Idea - Elliott WaveLet’s discuss the price chart of the GBPUSD currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, Wave (2) has completed and Wave (3) is in progress. The price has just breached the low of Wave (1) and pulled back for a re-test. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 5 (red vertical line), and is projected to form a bottom on May 16th. Based on this, we can expect prices to begin to accelerate lower. The typical target for Wave (3) is a 161% Fib projection of Wave (1), which should push price down near the 1.2775 level. If you find this analysis useful, make sure to press the “Like” button and Follow us.
Short
by ForexTrainingGroup
5
XRPUSD cryptocurrency this week has attempted corrective growthXRPUSD cryptocurrency this week has attempted corrective growth, Yesterday, a strong impulse could be observed at the XRP. This is due to the fact that the new Biden law put a checkmate in the case with the SEC. I'm expecting XRP to cost more to be part of the new financial system. During the first cycle, we had a strong bullish impulse which was then corrected by a complex WXY structure as indicated on the chart. Wave W was a simple ABC, wave X was also an ABC structure with wave B a triangle, and the Y was an impulse 12345. Around 20th Feb-2022 a new cycle is beginning, we have had the first wave completed and retraced at 78.6% fib level. investors can now buy XRPUSD with a protective stop at 0.600.
BINANCE:XRPUSDLong
by oxxygee
AUDUSD has started a near term bearish move falling from 0.74405AUDUSD has started a near-term bearish move falling from 0.74405 since 2022-03-07. This pair will continue to move down due to many fundamentals surrounding it. From a technical analysis perspective, it has completed the first down move (impulse 12345). among the corrective phase, wave C is also having some impulse characteristics. it is so straightforward. Short positions may be at CMP with the target at 0.7066 and stop loss around 0.7372. Implementation period: 7–10 days.
Short
by oxxygee
1
Elliott Wave ClassicAsana demonstrates a classic Elliott wave analysis model. There is a classic upward impulse and a correction in the form of an ABC zigzag, where B is triangle. Now we have 5 wave upward impulse after the zigzag, which after ATH fell from the price of 145.3 to the level of 43.77, almost touching the strong support level of the top of wave . I assume that ASAN can go to the 3rd wave with extension, but it's possible also get situation with more complicated correction in the form of WXY as double zigzag. So, for a short-term trading there is a good opportunity to trade at least wave b of the zigzag as alt. scenario.
NYSE:ASANLong
by Ewangilist
1
TEXTBOOK Ending Expanding DiagonalDino juice looking like a page out of an Elliot Wave Theory textbook. All rules have been illustrated to be present and not broken. This is probably the most extensive analysis I've done so I would love to hear any feedback. Always do your own due diligence. Supposedly these patterns are "extremely rare".. Ending expanding diagonal Rules (these are “hard” rules; they cannot be broken) A diagonal triangle always subdivides into five waves. An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat. Waves 1, 2,3, 4 and 5 of an ending diagonal always subdivide into zigzags. In the expanding variety, wave 3 is always longer than wave 1, wave 4 is always longer than wave 2, and wave 5 is always longer than wave 3. In the expanding variety, wave 5 always ends beyond the end of wave 3. Guidelines (guidelines can be broken but it’s rare that they are) Within an impulse, wave 5 is unlikely to be a diagonal triangle if wave 3 is not extended. In the expanding variety, wave 5 usually ends slightly before reaching a line that connects the ends of waves 1 and 3. source: worldcyclesinstitute.com
TVC:USOILShort
by theroadtoprofit
4
Bitcoin - A third wave rally is underway.Bottom Line: A third wave rally is underway. The rise from 41141.39 isn't yet in five waves, which we want to see form to reduce the risk of yet another fake low. The surge through the end of wave ((1)) favors that wave 3 is underway. It will travel 1.618x wave ((1)) at 48851.27. (( )) denotes a circled number or letter Disclaimer : Prices can vary between BITCOIN exchanges. Consequently, there may be differences in our chart prices due to different data sets. The analysis information is for reference only and does not constitute an investment recommendation. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
Long
by gameover_
GBPUSD Flat Correction Can Reach Another Blue Box AreaShort-term Elliott wave view in GBPUSD suggests that a decline to $1.3160 low ended the cycle from October 20, 2021 peak in wave (A). Up from there, the pair is correcting that cycle in wave (B) bounce. The internals of that bounce is unfolding as Elliott wave flat correction with the sub-division of 3-3-5 structure before downtrend resume again. While the initial bounce in wave A unfolded as a lesser degree zigzag structure. Whereas the initial bounce to $1.3283 high ended wave ((a)). Wave ((b)) ended at $1.3169 low and wave ((c)) ended at $1.3375 high. Down from there, the pair declined in another 3 swings within wave B where wave ((a)) ended at a $1.3300 low. Wave ((b)) ended at $1.3339 high and wave ((c)) ended at $1.3170 low. Since then, the pair has started the C leg in an impulse sequence. Near-term, as far as dips remain above $1.3170 low the pair is expected to reach $1.3389- $1.3513 blue box area. From there, the next leg lower is expected to take place looking for more downside ideally. Or the pair should fail lower for a 3 wave pullback at least.
G
by Elliottwave-Forecast
EURUSD : expecting bullish waveHello everyone Before we start discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it ! EURUSD : the price is printing the correction model as the wave B or 2. we can expect a bullish wave as the wave C or 3. I determine the Fibonacci expansion wave 1 from end of wave 2. 100% Fibonacci expansion in near a strong resistant line and they form a strong zone for our target.
Long
by niktraders