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Elliot wave exampleElliot waves are comprised of 5 waves.
1= initial move up
2= Small ABC correction where the low does not reach 1
3= Longer timeframe wave moving up
4= Longest down wave in the structure including an ABC correction and eventual accumulation, can not not reach 2 and usually bounces at 618 fib line
5= Most parabolic wave in the structure after accumulation and a move past the 236 Fib line
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ELLIOT WAVE: 5 IMPULSE - DJI WEEKLY CHART as at June 25thELLIOT WAVE 5 IMPULSE: A snapshot of the weekly to date, June 25th, 2021. I am under the conviction that we are looking at the beginning of the stair-step-down. I'm keeping an eye on the daily also, observing it for a tell. As it stands there are two scenarios I see playing out - as follows:
A more rapid decline with a crash September 2021
A slow decline then a grand finale December 2022
Either way, it is my belief that we are heading for a deflationary recession (or worse).
As the esteemed Robert Pretcher states: "...for inflation to occur we need all of these three things to happen. Gold to decline, bonds to decline and the US dollar to decline".
Keep this in mind. Take care and stay safe.
NOTE: Not financial advice.
Elliot Waves on BTCElliot wave theory states that the first wave of a five wave impulse move is a Wave 1 in the direction of the trend, and then a Wave 2 is a correction, the only requirement being it can't retrace the entire Wave 1, meaning higher lows. So yes BItcoin is stuck in it's horizontal triangle formation, it is consistently making higher lows at this point and we all know how bitcoin can move and any one of these waves could break the pattern and give us a Wave 3.
Elliot Wave Count Bitcoin - BTCElliot Wave count BTC. Last wave up could be 1st of 5th wave, but think it's a B wave, in expanded flat wave B can take on an impulsive structure and consist of five waves, allowing it to rise above the starting point of wave A. Supported by Elliot Wave count in Equity where probably wave 5 is also placed. And by latest lower high what could be start of market structure change. Invalidation above more or less 113-116k. Fib.time 0.66 gives turning point on July 6th in confluence with end of wedge. World is mega bullish with lot of fresh Longs (big-time in ETF's) waiting for overnight millions. Lets see how this count works out.
Elliot Wave Elliot wave has been completed in Matic so you can take trade according to this if you have some knowledge about Elliot waves and how it works in my opinion it will go down from here best buying zone can be the green box area.
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elliot wave relationships...5 wave formElliot wave rule is that wave 3 cannot be shortest wave between waves 1, 3, and 5. If the current move down is to be in 5 wave form, wave 1 is from 1709 to 1697 (approx $12), then this move wave 3 from 1701 needs to go further than $12 or wave 5 would be limited. I need a break o f 1689 here so that wave 5 can arguably run. No break of 89 before another area of consolidation or correction, implies that wave 5 will be less than wave 3.
Elliot Wave 4 complete in LRC - BUY SIGNALElliot Wave 4 complete in LRC, confirmed by 1) long term uptrend 2) 100 MA support and 3)descending triangle. Only thing that isn't making this a 100% hit, is the lack of volume. I still feel confident in this call. Prior Waves 1 & 3 were 100%, and we know that Wave 3 can't be the shortest wave, so my target would be roughly 75-95% from bottom of Wave 4 for the completion of wave 5. Thanks and get after it.
LLong
Elliot wavesElliot wave shows ethereum had abc correction classic zig zag which happens either in B wave or wave 2 in impulse move
where length of a match length of c
we missed here by 2 points a was 189 ish c is 186
if we consider three wave c wave has started and will take us to 507
if we consider 5 wave movie wave 1 was till 404 wave 2 was what we just witnessed last month
wave 3 will take us to 615-840 area
this is my view not financial advice






















