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Elliotwavecount

GBPUSD Elliot wave Monthly chart update , 28.07.20 All the predicted bearish models are invalidated buy the current price move today To be honest I was so bearish but this is Forex and things does not always go in our way. So today it proved that we finished wave X and we are in the Y leg of the 4th wave correction in the monthly chart I am expecting the GBP price gets to 1.39$ finally. this price prediction is based on the **flat correction model**. This price target is a cluster that is confirmed by fibo and reverse RSI methods I will publish the bullish models for daily and hourly charts after the current up trend stops For now do not short or long the market as It is very hard to fit a model to this move. there are couple of models valid now so I can't chose on until this up trend stops
by Analyticssage
Trend Analysis: ROKU - Elliot Wave and C&H PatternNot an expert at EWT , but it's relatively easy to see a wave 4 correction of larger wave 3. I'm targeting a pullback here before earnings to the horizontal white line (which was previous resistance before the recent breakout) and then continuation of wave 5 of 3 to about $210 (2.618 x total length of wave 1 (which is about 80 ($140-$60)). Furthermore, I see the wave 4 correction allowing for a potential handle of a cup n handle pattern. Which takes the chart ultimately to about $260 before the next consolidation phase.
NASDAQ:ROKULong
by daytradederic
2
SPX CASH INDEX FORMING ENDING DIAGONAL FINAL HIGHUpdate on my last post on SPX futures but this time on the cash. My opinion that an ending DIagonal final wave C (in the Bear Market Rally since March lows) is being formed has not changed. Ending diagonals can be tricky creatures and we often see short-term sharp overshoots of the top trendline in the final 5th subwave. The above count is the worst-case scenario I see for the bears. We should end this ending diagonal anytime in the next 1-3 trading days so the final subwaves I have shown rising above are not necessary but I believe based on the latest price action a very real possibility to give the "right look" to the ending diagonal. Link to my longer-term Elliotwave counts on the S&P 500 futures is below. Cheers! Cyrus
SP:SPXShort
by cyrusgr8
1
SPX FUTURES (SPX500USD WAVE 3 OF 1 OF 3 DOWN NEXTOn July 1st I posted the Elliot Wave Count since the Feb highs to July 1 and outlined the future path DOWN. This is an update on that post zooming in on the minute wave counts down from the recent wave 2 (of 3 of C DOWN). On the left is the same chart (also see a link to that post below) where I have not moved my projections (see red line down of wave 3 shown). As can see so far we are nicely following along that path. I believe today marked the top of minute wave 2 of wave 1 of 3 (of C) down which formed a complicated series of 3 wave moves in a corrective TRIPLE ZIGZAG. Wave 3 of 1 of 3 of C down is next and I have shown the Fibonacci 1.618 projection of the size of leading diagonal wave (I) form today's corrective (ii) up. The Trendline shown on the daily chart has been respected and next major waves are DOWN from here. If this count is correct we should close the week on a solid red candle down and resume the drop next week with more minor corrective bounces punctuating the drop. RALLIES ARE TO BE SOLD HERE ON OUT! VIX is bottoming out in minor wave 2 UP also and I am expecting a massive volatility spike coming in the next few days which confirms the above S&P count DOWN. VXN is still not confirming the new highs in the NASDAQ100 (NDX) which signals a bearish divergence and a top in the NASDAQ should be right around the corner and the NASDAQ will follow the DOW and S&P DOWN. All the sentiment indicators I am following (Put/Call Ratios De-trended, Daily Sentiment Index (Trade Futures.com), Dumb Money confidence, Sentimentrader.com's CNN Fear & Greed Index PROXY, etc .) are all showing still extreme bullishness with plenty of room to drop before bearish extremes are reached. The BEARS are about to be rewarded for their patience. Cheers! Cyrus
OANDA:SPX500USDShort
by cyrusgr8
6
USDCAD BULLISH RALLYThe USDCAD chart below is analyzed using both elliott wave and Demand and supply zone(the two most powerful technical analysis tools).The wave 2 of wave 3 extension is a potential zigzag in formation which on completion will end in the Demand zone(potential zone where buyers will come into the market massively) hence, a bullish rally is expected to end at the 1.618(no extension) or 2.618 (extension) fibonacci level as those are levels where wave 3 tends to end.The risk to reward ratio is compelling.......more pips guys....Kingofthemarket says hi
Long
by kingofthemarket
VIX ABOUT TO EXPLODE HIGHERElliot wave counts on VIX. It calls for VIX (volatility and fear) to soon explode higher in line with my Elliotwave bearish projections on the S&P Futures (SPX500USD and SPX) and higher calls for the US Dollar Index (DXY). See below links for Elliotwave counts just posted on S&P Futures and US Dollar Index. RIsk OFF is about to enter the markets in a major way. Even though I call for wave C DOWN in the S&P to reach (slightly exceed) the March lows I believe VIX will reach a LOWER High than the March highs as I see the coming wave C down in the S&P to be more orderly and less violent than the Feb and March crash in the S&P. It is notable the VXN DID NOT MAKE A NEW LOW when the NASDAQ 100 has been making higher highs. This is a Major red flag and warning signal that the NASDAQ has gone too far. See link to he VXN and NASDAQ divergence comparison below also. Cheers! Cyrus
CBOE:VIXLong
by cyrusgr8
The coming days could be redIt looks like we've reached a top of wave 2 for the current C wave and we're know preparing for a move further down. I've drawn a possible pattern we could follow the next weeks. Wave 1 of the C wave was 155 points, so we should see wave 3 be even large then that - possibly moving down to around 2900 before wave 5 could reach 2800 which would act as a very strong support for the market to bounce off of. A wave down below the bottom of wave B where i've drawn the red line would be confirmation that we're in a strong move down.
TVC:SPXShort
by laulonskov98
2
GBPJPY WAVE 4 SHORT We can see that there is some divergence from wave 3 to 5 of WAVE 3 . This shows that a short is in play. As Ellioticians, we look at WAVE 4 to not go beyond 38% of WAVE 3. Once WAVE 4 is completed I will be looking to buy this market for its final push to the upside before it comes back down.Be very careful when trading this, as corrections are risky to trade. If you do trade corrections, always trade the final C wave only. I look it as Wave A to be a sign that it wants to go down. Wave B gives the possible entry and stop loss as well as TP. Wave C is where you should trade it. However, the market is on bullish trend as Major market levels have been broken. In my opinion, the trend is your friend till the very end till it bends. The overall trend is bullish, I will be looking to buy the market instead of selling this correction. Remember, its only correcting to go back up for one last push. Please do not consider this as a signal. Capital preservation is important. Trade responsibly.
Short
by bigboyzaid
1