Hellena | EUR/USD (4H): Long to resistance area at 1.09819.Dear Colleagues, price is in an upward movement of wave 3 of higher order and I expect wave 3 of lower order to start now. All indications are that the upward movement is not over yet.
I expect the price to test the support area at 1.08638 and then continue the upward movement at least to the resistance area at 1.09819.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Wavetheory
Hellena | DJI (4H): Long to target is the area of 39297.Dear colleagues, despite the fact that the price is in a downward movement, I believe that the five-wave movement has not been completed. I expect that the price will not update the minimum of wave 4 38463, but will approach it, and then the upward movement in wave 5 will begin. The nearest target is the area of 39297.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): Long to 100% Fibo 85.00.Dear Colleagues, price has reached the minimum acceptable target of 61.8% Fibonacci extension at 82.94 and now I assume that wave C will be equal to wave A. This is quite a risky forecast, so I recommend to take risks and enter with a risk of no more than 1-5% of your deposit.
My target is in the area of 100% Fibonacci extension at 85.00.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): Long to 61.8% Fibo 82.94.Dear Colleagues, I believe that the upward movement is not over yet. At the moment we are witnessing a combined correction and I expect wave B to end at 79.99, after which I expect the upward movement to continue in wave C to the 61.8% Fibonacci extension at 82.94.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): Short to 38.2% Fibo lvl 2100.Dear Colleagues, Recent events have affected the price and gold was breaking records, but I was waiting for an opportunity to profit from the correction. I still suppose we can do it, because I saw a big wave 1, which means I expect a big correction to the 38.2% Fibonacci 2100 level area.
Before this move, a high update to the 2175 resistance area is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
📍Part #2, Elliott Waves: "Motive Waves - Impulse".👩🏻💻 Welcome to the 2nd lecture on Elliott Waves.
So, Elliott Wave Theory suggests that price behavior follows a wave structure, with three waves being impulse waves and 2 being corrective waves. It can be said that these 5 waves look like the image above.
➡️For example, let's take an upward impulse, where the impulse refers to all these five waves. We observe the first wave of growth, then the second wave is corrective to the first, meaning the second wave is specifically a correction for the first wave. Next, the third wave is a growth wave, the fourth is corrective for the third, and the fifth wave concludes the impulse. Following the completion of the impulse or the five-wave sequence, a correction occurs in the form of A, B, C.
➡️This entire structure is fractal, meaning that if our upward impulse has three waves, and they are also impulse waves, such as the first, third, and fifth, and as impulse waves, as we already know, consist of five waves, then each impulse within this larger five-wave sequence has the same structure of five waves. Furthermore, in the correction A, B, C, waves A and C also have a five-wave structure, but more on that in the next lessons.
➡️If you ask about the timeframes to work with waves, I would say that the 1-hour timeframe is the threshold below which it is not recommended to consider the structure!
Next, I will describe the basic rules and regulations concerning impulses in the form of pictures, which are convenient to save and use as a hint when analyzing charts.
➡️Now let's consider some rules that are mandatory for all impulse movements.
Rules
An impulse always subdivides into five waves.
Strong guidelines
📍Wave A almost always will alternate with wave B. Alternation can be expressed in two ways:
1) In the type of correction: sharp/sideways or vice versa
2) In the presence of extension: in waves 2 and 4 of the impulse, two sideways patterns are possible, but only one of them will have an extreme beyond the peak of the previous wave.
📍Wave 4, as a rule, significantly violates the channel formed by the subwaves of wave 3.
📍As a strong norm, no part of wave 4 should enter the price territory of wave 1 or 2.
📍As a strong norm, the peak of wave 4 should not extend beyond the doubled channel constructed from the peaks of waves 1, 2, and 3, while the midline of the channel will serve as the minimum achievable target.
📍Second waves of impulses tend to go beyond the previous fourth wave. When using this norm, the previous fourth wave serves as the minimum target.
📍Sometimes wave 5 does not move beyond the end of wave 3 (in which case it is called a truncation).
📍Often, waves 1 and 5 of the impulse form impulses, but more often they alternate in the type of motive waves: if wave 1 is an impulse, expect wave 5 in the form of a diagonal, and vice versa. Less commonly, waves 1 and 5 form diagonals, but in this case, alternation will be expressed in the form of a pattern: contracting/expanding.
So there are also many other lesser indications, but they are too numerous and less frequent.
Therefore, I recommend that we focus on the main ones for the time being.
📣This concludes the lecture on impulse waves. Save the images and practice.
Next week I'll start talking about the Leading and Ending diagonals.
🔔 Links to other lessons in related ideas. 🔔
Let's RIDE the oldman - it's safe and fun!YES I know that some of u are spoiled enough to think somethin' bawdy-obscene but Im decent and almost sinless (NO IM NOT) ;)
ANYWAY
Behold the fruits of the mental labors of the Lady of graphs, OLDSTER himself will bow to my analysis! (hysterical laugh)
I think (and I know) that we are entering the era of wave 2 of major degreez, my greedy friendz
AND AZ ITS an Endin' Diagonal, IT CAN HAVE A ZZ STRUCTURE ! Its SOO important as u can even imagine.
THEREFORE
we can't foreseen 1-3-5 structure, coz it iznt there! just ABC(containin' 1-3-5+bundle+1-3-5)-XWY-ABC-WXY-ABC! And it will be the Wave 5! TADAAA
and BTW the zones that I have drawn correspond to the values where the price will go, you can use this as a roadmap
AND AZ A REZULT OF THIS
I'm putting forward my idea of BTC-usdt movement, I will update it, perhaps.
Just remember and I please u: BOOST da button if u UNDERSTAND my idea. if u just like it - don't, just cloze it and do smthn' else.
I know! if u like my ideaz - spare some coin so I can EAT some food :(
Hellena | Oil (4H): Long to resistance area 81.85. Dear Colleagues, price has strongly updated the low, completing wave 2. I suppose that the price can still make a small correction, but I put the target in the same place as last time - resistance area 81.85.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Elliott Wave Analysis of ATROAstronics Corporation, listed on NASDAQ under the ticker symbol ATRO, is currently undergoing a wave analysis based on the Elliott Wave Theory, focusing on the hourly timeframe.
Starting from November 2023, where the price was approximately $14, we began identifying the initial wave ((i)). The wave count progressed until the high in February 2024, reaching $20.35, which was labeled as wave ((iii)).
Currently, the stock is believed to be in wave ((iv)), which is expected to consist of three subdivisions: (w), (x), and (y). As of now, we are unfolding wave (y) within wave ((iv)). This wave (y) is further subdivided into wave a, wave b, and the ongoing wave c which can go still lower.
Once wave ((iv)) completes its formation, the expectation is for a rally to the upside, signaling the beginning of wave ((v)). This wave ((v)) has the potential to surpass the high of wave ((iii)), indicating a continuation of the bullish trend.
However, it's important to note that the validity of this wave count may be challenged if the price drops below the $16 level. This would invalidate the current wave count and necessitate a reevaluation of the analysis.
Traders and investors should exercise caution and consider risk management strategies when making decisions based on Elliott Wave Theory, as market movements may deviate from the expected patterns.
Please keep in mind that this analysis is based on historical price data and patterns, and actual market behavior may vary. Always conduct thorough research and analysis before making trading decisions.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Hellena | EUR/USD (4H): long to 1.10241 (Wave 3).Dear Colleagues, I suppose that price has not completed the upward movement. Having analyzed by wave analysis I suppose that the price is in the senior wave 3 and junior wave 1. I suppose that 2 options are possible:
Either the price will renew wave 1
Or the price will correct in wave 2 to the range of 38.2-50% Fibonacci levels (1.08999), then it will start the upward movement in wave 3 (1.10241).
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): long to 100% Fibo lvl 1.09866.Dear colleagues, I suppose that if the price has started such a movement, we should take advantage of it! I suppose that all this movement is wave 3. This means that the target is at 100% of the Fibonacci extension level of 1.09866. The price may make a small correction to the area of 1.08576.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): Short to support area of 2100.Dear Colleagues, the price is showing a strong upward movement and I saw a five-wave structure. Now wave 3 is coming to an end and I expect a correction in the form of wave 4. I expect the price to reach at least the support area of 2100.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | USD/JPY (4H): Long to 100% Fibo lvl 151.320.Dear Colleagues, I suppose that the price will still renew the high and continue the upward movement to the target of 100% Fibonacci extension level 151.320. This will be wave 3. And before that a correction of wave 2 to the area of 149.750 is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): Long to 100% Fibo lvl 81.85. Dear colleagues, earlier I wanted to write a forecast with a deep correction, but after reviewing the data I suppose that the price will go higher. I assume that it will be wave 2, but for now I expect a small correction to the support area of 78.88. Then I expect an upward movement to the area of 100% Fibonacci extension at 81.85.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): Short to 61.8% Fibo lvl 1.07715.Dear Colleagues, it is obvious that the price has made a strong upward momentum. I suppose that this movement is wave 1. At the moment I expect that the price will make a corrective movement of wave 2 to the area of 61.8% Fibonacci level 1.07715.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): Short to 50% Fibo lvl 2060.Dear Colleagues, price made a strong upward movement last week, and now I suppose that price could make a new high, but the main direction of the forecast is a corrective movement to the area of 50% Fibonacci level 2060.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | USD/CHF (4H): Short to 100% Fibo lvl 0.86885.Dear Colleagues, I suppose that the downward movement to the area of 100% Fibonacci extension level 0.86885 will start soon. This will be the anticipated wave 3, which may go even lower.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | USD/JPY (4H): Short to support area of 149.115.Dear Colleagues, price has made a strong move and I suppose that it will end at these levels. After the five-wave movement, I expect the price to decline to the support area of 149.115.
It can happen already from current positions, but I hope that the price will update the maximum and complete wave 5.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): Short to support area of 1.06970.Dear colleagues, the previous forecast is still active, but I will make a new one, because the price gives us a chance to go short profitably again. The previous idea will be linked to this one on the link below.
I expect the price to start moving towards the support area of 1.06970 in the coming week. An update of the high in the resistance area of 1.08052 is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): Long to resistance area of 79.37.Dear colleagues, I assume that the price has started another five-wave structure. At the moment I suppose that the price may test the area of 50% Fibonacci level of 76.73, then I expect the price to come to the resistance area of 79.37.
But maybe wave 2 will not happen and we will see an extension of wave 1.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Natural Gas HUGE WIN Today!!Huge Move on Natural Gas just now. Here is the step by step setup.
4 hour trend was extended. MACD bullish divergence was also very strong.
1 hour CCI was above +100
15 minute TrendCloud signals were sent right to my phone and alerted me to the trade.
Small $200 risk and we are now over $1000 in the green.
If you like trading trend reversal trades then click the link in my profile and I will send you the trade plan for this exact set up.
Enjoy
Chris Juliano