Elliottwaveforecasts
Price targets for Wave up from 11k.NOT a professional, just a person who loves TA and is very very good at pattern recognition. Do your own due diligence and make your own decisions. This post is only for speculative/educational purposes. Consult a professional if needed. Good luck trading!
If this post saved or made you money, please consider tipping and/or commenting as I lost a decent amount trying to trade this before I realized what was happening. I have another published idea which further explains things.
-Wave is doing a large correction (prediction made 12am Feb 21) to 39500
- Wave 5 of higher Wave 3 is ending Diagonal, causing deep correction to 39600 (top of wave 1, it will finish below that if entire large wave is leading wave)
- Predicting entire leg up from 11k is a leading diagonal.
- Complete wave prediction: 77240 (could be less entire large wave IS a leading wave, as wave 4 will finish inside wave 2 area. Add 19700 to end of wave 4 to find wave 5.
-Wave 5 will extend past wave 3 guaranteed.
-Wave 3 was 68% of wave 1, applied same % to wave 3 to predict wave 5 (don't know if there are known numbers for this.
Deep ABC Downtrend forming! 1st Comment has link to chartLeading Diagonal (Elliot Wave) is forming on 1 hour time frame which will lead to a large downtrend, trade appropriately!
I'm not a professional, just someone very good at seeing patterns and correlating data. Please use due diligence and do your own research/confirmations on this data. This information is for speculative/educational purposes.
If this saved or made you some money, please consider tipping as I lost a decent chunk of money trading this unfortunately until I realized what was forming! Comment if this data was helpful. Good luck trading!
XAUUSD, 1hr tf, elliott wave analysis on HnS pattern breakoutHello my friends,
First of all i wanna say Happy Chinese New Year for my fellow traders who celebrating it.
I hope this 2021 gonna be a blessful years for everyone.
I got some trading plan for XAUUSD.
Recently price melt down after a HnS pattern formed. In my opinion we could still see XAUUSD go down again.
It was because there is a higher timeframe SHS pattern in play.
This recent upwards movement was only a retest of that pattern neckline.
For this trade we will only try to capitalize the 1hr tf movement because it looks like all the movement are matching Elliott Wave requirement.
Wait for wave-iv to complete and we will sell after a bearish candle confirmed rejection around 50% fibonacci area.
Sell XAUUSD 1830
Stop loss 1836
Take profit 1810 (3.3R)
Use no more than 2% risk
Good luck
🛒X5 Retali Group (FIVE) - excellent setup for a long position.●● Mine scenario
● 1W
LSIN:FIVE
The large Running Contracting Triangle ④ or ((B)) has been under consideration for about two years. Until recently, the main count had a decline in the final wave of C of (E) , but after weighing all the pros and cons and taking into account the expectations for the market as a whole, priority was given in favor of a completed wave ④ or ((B)) and an early exit from the model up.
● 1D History
LSIN:FIVE
A variant of waves count (B) - (C) - (D) as part of ④ or ((B)) .
● 1D
LSIN:FIVE
If the top of the triangle is really set, then we have nothing more than a series of One-two, one-two waves " (1) - (2) 1 - 2 " as part of the expected ⑤ or ((C)) .
● 6h
MOEX:FIVE
" Pic. 4 "
The targets for wave 2 of (3) can be the Fibo cluster area within two degrees, which is indicated by the blue channel. Looking back at the alternative count, I plan to make any purchases only if 2 of (3) and subsequent ((i)) - ((ii)) of 3 are completed and the first of which will break through the top of the ((x)) — " bull lvl " and will gain a foothold above the upper border of the descending channel.
●● Alternative scenario
● 1W
LSIN:FIVE
The probability of descendind below $ 18.90 ( LSIN ) is now as an alternative count, which, however, does not make it any less likely. Wait for the indicated conditions to " Pic. 4 " and open a long trading position with the least risk.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
AUDUSD, 4hr tf, Elliott wave sell and buy planHello my friends,
I am sharing my trading plan for AUDUSD.
As you can see, i used elliott wave theory to forecast AUDUSD movement.
In my opinion, price completed wave-iii. We could see price retrace towads 0.7670-0.7690 area.
I sold AUDUSD at 0.7735 aiming to capitalize wave-iv movement.
My take profit is around 0.7690 which is 2.25R setup.
After price complete with wave-iv, we could then expect buy opportunity with take profit target at 0.7800 resistance.
If price manage to retrace towards 50% fibonacci level, it will be a good opportunity to buy with stop loss using wave-i top.
My plan for buy is to buy AUDUSD around 0.7670
Stop loss 0.7645
Take profit 0.7800 (5.2R)
For both trades, i only use 1-2% risk.
Good luck
Bitcoin it's inevitable to reach up these targets!!!In this analysis, we see in Daily chart that Bitcoin it's prepared to go bullish in medium term. For that, the demand it's grow up a lot in Bitcoin and cryptocurrency. Now, I draw in this timeframe that Bitcoin could to have a parabolic up of 140%, and that it's a bullish signal that we can to see a Bitcoin to long term at $100,000 USD, this it's my gold target!!! But my target it's the $60,000 USD in medium term, for that, I'm so bullish in Bitcoin.
And in this screenshoot in this same timeframe, I analyze the elliot wave analysis and as extra confirmation, we see that Bitcoin was end the ABC correction in this elliot wave cycle, and there, we entry in the possible new elliot wave cycle, this it's another bullish signal for Bitcoin in the next weeks. For that, I'm prepare for it.
Guys, if you find up an interesting idea in this analysis and support for others a lot, please share this analysis with others traders, people and amateur what trade cryptocurrencies and Bitcoin.
🦘AUD/USD - long-term forecast.●● Mine scenario
● 1M
Since the spring of last year, I have been using the variant with the large triangle IV as the main count. I believe that the growth of the wave ((C)) of the model will continue with the approximate goals of 0.92800 , where the norm of 61.8 % of the wavelength ((A)) of IV will be achieved.
● 2D
A variant of count for the internal structure of divisions (B) - (C) of ((A)) and (W) - (X) within ((B)) of IV .
● 1D
Wave 3 is likely to show extended.
● 4h
The potential area of finishing the correction ((ii)) of 3 is the green Fibo levels outlined by the blue channel. If the top 2 , the top level " invalid "., is broken, the count marked in black will remain under consideration, in which the wave (A) of ((C)) forms the leading diagonal of zigzags.
●● Alternative scenario
● 1W
An alternative count suggests wave IV of the type of sharp correction in the form of a single zigzag ((A)) - ((B)) - ((C)) , the top of which is at the maximum of 2011 . Next, a double descending zigzag, which in the context of a higher degree can be identified as the first wave of the Ending diagonal V .
● 1D
I plan to return to the search for points in the long-term short trades if waves (A) - (B) of ((3)) are formed, or waves 1 - 2 of (A) , the first of which will go beyond the top (B) — " bear lvl ".
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
🎮 Nvidia — Big 🐻 comes out of hibernation.● 4D
NASDAQ:NVDA
I really want to believe that only the first wave of V of (III) is formed from the top of triangle IV . But it is necessary to prepare for the worst — for the main scenario, where on the horizon the senior correction of the fourth wave of the " Supercycle " degree with approximate goals of ⁓ 10 $.
● 1D
NASDAQ:NVDA
The area indicated by the pink channel can serve as a reversal target. In the range of 830-870 , there is a cluster of significant Fibo extensions. The primary wave ⑤ will complete its target by reaching 161.8% of the wavelength ① . When the values of 830-840 are reached, the wave ④ will divide the wave V in the Fibonacci ratio, and the waves (1)-(5) in the composition ⑤ of V will reach equality.
● 2h
NASDAQ:NVDA
It is very likely that the wave (4) is completed by a contracting triangle with a further exit up. An excellent setup for buy trades with an eye on the early resumption of growth with the final wave (5) of ⑤ .
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
Apple -A company that you want to invest in over and over again.●● Mine scenario
● 2W
NASDAQ:AAPL
There is no big changes from the last update . Now the wave (III) or (V) " Supercycle " is developing, as part of which 5 of (3) is extended. The approximate targets for the third waves correspond to the color of the wave degree.
● 1D
NASDAQ:AAPL
The top of wave ((iii)) was determined with high accuracy. Next, a sideways corrections was expected in the form of a triangle, which, as will be demonstrated later in alternative count, could have already been formed.
● 4h
NASDAQ:AAPL
At the moment, I expect the correction to transform into a wider contracting triangle in the form of a running model type. The targets for the wave 5 of (3) are located at the level of 214 , but later they can be revised based on the rule of the ratio of the lengths of the first and fifth waves of the impulse.
● 30m
NASDAQ:AAPL
On the lower timeframe, not everything is so clear. A series of local sideways corrections in the form of triangles forces us to adopt a variant of counting with a ending diagonal with c of (b) .
●● Alternative scenario
● 4h
NASDAQ:AAPL
An alternative count suggests considering the probability of a completed triangle ((iv)) . If we turn to the arithmetic price scale, the lower limit of the ascending channel has been reached. The first targets for wave ((v)) of 5 have also already reached ( ((v)) = ((i)) ). Further goals: 165 and 197 .
● 30m
NASDAQ:AAPL
So far, I have nothing to offer you except of the diagonal in the current count and the top of the triangle ((iv)) 112.60 in the lower degree. I plan to make any trading decisions in this situation only if the diagonal is fully formed or broken in its current form and with a powerful exit up.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
GER30 (DAX)The Dax may have completed the blue x with today's low at 13469. At the ideal target of the green (c) and the yellow circled Y, the downward movement could be stopped for now. Whether this is sustainable and the Dax starts another attack on the all-time high from here, the next few days will show. However, my preferred scenario is a final high. The minimum target of the final blue y is at 14169. The expectation that the market should fall significantly after the high does not change.
Gold - Technical AnalysisAfter taking a rapid correction following Bidens victory pushing up yields, Gold looks set for another move higher following E Wave analysis.
A key catalyst for a potential gold move back to highs would be a potential downside move on BTC.
BTC has definitely gained interest, with many investors now comparing the unique asset class similar to gold in its ability to act as inflation protection. This has possibly caused a lot of investors to reallocate their gold positions into Bitcoin, which could be a reason for BTC's massive growth not correlating at all into gold. If there does seem to be a larger correction in BTC than anticipated, this could cause investors to trackback on their allocations to avoid volatility, causing appreciation for gold.
This is just my theory and will see how it plays out.
When the Stars Are Aligned - Trade the High Probability 5th WaveOverview video on how stocks generally behave and how our Elliottwave Indicator Suite can measure that behaviour to identify high probability 5th Wave Swingtrading opportunities.
$GM General Motors is used in this great example where Paul also discusses managing this 5th wave trade.