📚 Let's take a moment to go over the most common Fibonacci levels for the third wave structure. The Fibonacci tool can suggest possible retracement levels, along with possible projection levels.
🔤 In this case, for the third wave structure the most common Fibonacci multiples are 1.618, 2.00, 2.618 and on rare occasions, 4.236.
📐To forecast wave-three, you take the distance traveled in wave-one, multiply it by 1.618, and project it from the extreme of wave-two, voilà, you now know where wave-three can travel!
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🔤 In this case, for the third wave structure the most common Fibonacci multiples are 1.618, 2.00, 2.618 and on rare occasions, 4.236.
📐To forecast wave-three, you take the distance traveled in wave-one, multiply it by 1.618, and project it from the extreme of wave-two, voilà, you now know where wave-three can travel!
✅ Stay to date for up to 12 different markets and be prepared for the next big wave, subscribe today!
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💡 Taking a brief look at the chart of Bitcoin on the 1H time-frame, we notice a potential opportunity to get back into the long-term bullish trend.
Elliott Wave is suggesting a classic Wave 1-2, 1-2 setup. This provides us an early sign that the larger degree impulse wave is in development.
🤝 Cheers to many pips!
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Elliott Wave is suggesting a classic Wave 1-2, 1-2 setup. This provides us an early sign that the larger degree impulse wave is in development.
🤝 Cheers to many pips!
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💡 Taking a brief look at the Elliott Wave structure of USD/JPY on the 4H timeframe, we notice a likely bullish continuation to complete Wave 5 of (3).
The expected target for a third wave extension is 1.618% Fibonacci extension of wave one. In this case our target is the 111.928 price level.
🤝 Cheers to many pips!
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The expected target for a third wave extension is 1.618% Fibonacci extension of wave one. In this case our target is the 111.928 price level.
🤝 Cheers to many pips!
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💡 Taking a brief look at the current Elliott Wave structure of Ethereum , we notice a very interesting setup at this juncture.
✅ Breaking down what we see, Elliott Wave is suggesting a classic Wave 1-2, 1-2 setup. This provides us an early sign that the larger degree impulse wave is in development.
✅ Basically, this is the type of structure that forms before a bullish advance.
🎯 The expected target is at 4516.06, as the 1.618% extension of Wave 1 is typically a common target for Wave 3.
✅ For this setup to remain valid, Ethereum needs to remain above 2178.40
🧐 If ETH breaks below this level, we'll need to reevaluate the wave count.
🤝 Cheers to many pips!
✅ Breaking down what we see, Elliott Wave is suggesting a classic Wave 1-2, 1-2 setup. This provides us an early sign that the larger degree impulse wave is in development.
✅ Basically, this is the type of structure that forms before a bullish advance.
🎯 The expected target is at 4516.06, as the 1.618% extension of Wave 1 is typically a common target for Wave 3.
✅ For this setup to remain valid, Ethereum needs to remain above 2178.40
🧐 If ETH breaks below this level, we'll need to reevaluate the wave count.
🤝 Cheers to many pips!
💡 Bitcoin has been bullish for a few months now and we believe that the bullish price action is likely to continue, here's why:
1. Central bank money printing is likely to lead to inflation
With the value of fiat currency falling, people often look for places to 'park' their money as a hedge against inflation . If the inflation numbers come out and are higher than expected, this is likely to cause more people to invest into Bitcoin and other assets. Thus, raising the price of Bitcoin over the long-term.
2. Limited supply (scarcity)
There are only 21 million bitcoins that can be mined in total. With a limited supply this will ensure a scarcity value in Bitcoin .
3. Technical Analysis
Elliott Wave suggests that Bitcoin has completed Wave (C) of y of (II), this is a bullish sign that the next potential target for Bitcoin will hit a minimum of 44461.5 and an expected target for Wave (III) of 55478.9. If the price of Bitcoin breaks below 34630.0 we'll reevaluate our Elliott Wave perspective.
1. Central bank money printing is likely to lead to inflation
With the value of fiat currency falling, people often look for places to 'park' their money as a hedge against inflation . If the inflation numbers come out and are higher than expected, this is likely to cause more people to invest into Bitcoin and other assets. Thus, raising the price of Bitcoin over the long-term.
2. Limited supply (scarcity)
There are only 21 million bitcoins that can be mined in total. With a limited supply this will ensure a scarcity value in Bitcoin .
3. Technical Analysis
Elliott Wave suggests that Bitcoin has completed Wave (C) of y of (II), this is a bullish sign that the next potential target for Bitcoin will hit a minimum of 44461.5 and an expected target for Wave (III) of 55478.9. If the price of Bitcoin breaks below 34630.0 we'll reevaluate our Elliott Wave perspective.
NZD/USD has ranged for several weeks now as there hasn't been a significant breakout since Feb. 25, 2021 - 25 March, 2021 however, our Elliott Wave analysis suggests that this will change soon.
Technical points to consider for our bearish case:
If we pay close attention to the Elliott Wave structure that NZD/USD has developed from March 19, 2020 - May 26, 2021, we can see a clear 5 wave impulse structure with a truncated fifth wave to complete Wave A.
For our classical technical analysis traders, we can see a clear Head & Shoulders pattern at the peaks of Wave III, Wave V of (III) and Wave (V) of A.
Additionally, we notice that the significant round number, 0.73 has been respected as a significant level of resistance.
Elliott Wave suggests that it's realistic to expect a corrective Wave B to complete with a minimum target at the 0.65000 price level.
Our current level of invalidation rests at 0.73165. If broken, we'll look to reevaluate our wave count.
Technical points to consider for our bearish case:
If we pay close attention to the Elliott Wave structure that NZD/USD has developed from March 19, 2020 - May 26, 2021, we can see a clear 5 wave impulse structure with a truncated fifth wave to complete Wave A.
For our classical technical analysis traders, we can see a clear Head & Shoulders pattern at the peaks of Wave III, Wave V of (III) and Wave (V) of A.
Additionally, we notice that the significant round number, 0.73 has been respected as a significant level of resistance.
Elliott Wave suggests that it's realistic to expect a corrective Wave B to complete with a minimum target at the 0.65000 price level.
Our current level of invalidation rests at 0.73165. If broken, we'll look to reevaluate our wave count.
💡 EUR/CAD is setting up for a move to the upside to complete Wave (C) of Y as the current Elliott Wave structure suggests Wave V of (C) of X has completed.
The target for Wave Y is at 1.56427, which is 61.80% of Wave W.
A break below 1.42640 will invalidate this setup and we'll look to reevaluate the wave count.
If EUR/CAD breaks above 1.48410, this would give us an early confirmation of the expected move to the upside allowing us to move our suggested stop-loss to 1.45826.
The target for Wave Y is at 1.56427, which is 61.80% of Wave W.
A break below 1.42640 will invalidate this setup and we'll look to reevaluate the wave count.
If EUR/CAD breaks above 1.48410, this would give us an early confirmation of the expected move to the upside allowing us to move our suggested stop-loss to 1.45826.
💡 GBP/USD 1 Day Time Frame
Take notice of a few key points:
Wave (III) is demonstrating a 1.618% Fibonacci extension of Wave (I), this is typical for a Wave 3 extension.
The internal wave structure of Wave (III) is clearly counted as a 5 wave impulse move, suggesting that Wave (III) is complete.
GBP/USD has broken the key channel trendline to the downside, an early sell signal (it's possible that GBP/USD will retest the trendline).
If this Elliott Wave count is true, the correction projects to complete at the most common Fibonacci retracement level for Wave 4, 38.20% of Wave 3. It just so happens that 1.35000, a strong psychological round number, lines up with the 38.20% Fibonacci level.
Remember, Wave 4 does not overlap with the price territory of wave 1 therefore, as long as GBP/USD remains above 1.26476, this setup remains valid.
The invalidation level (suggested stop-loss) is placed at 1.42504.
Overall, a very interesting setup that is worth considering.
Take notice of a few key points:
Wave (III) is demonstrating a 1.618% Fibonacci extension of Wave (I), this is typical for a Wave 3 extension.
The internal wave structure of Wave (III) is clearly counted as a 5 wave impulse move, suggesting that Wave (III) is complete.
GBP/USD has broken the key channel trendline to the downside, an early sell signal (it's possible that GBP/USD will retest the trendline).
If this Elliott Wave count is true, the correction projects to complete at the most common Fibonacci retracement level for Wave 4, 38.20% of Wave 3. It just so happens that 1.35000, a strong psychological round number, lines up with the 38.20% Fibonacci level.
Remember, Wave 4 does not overlap with the price territory of wave 1 therefore, as long as GBP/USD remains above 1.26476, this setup remains valid.
The invalidation level (suggested stop-loss) is placed at 1.42504.
Overall, a very interesting setup that is worth considering.
💡 Silver, a precious metal that is now in the spotlight of the financial markets in anticipation of a surge in price.
Our Elliott Wave analysis agrees with this possibility, here's why:
Taking a look at the 'big picture' of Silver, it's likely that Silver is underway of a larger degree ABC correction, also know as a zigzag pattern.
If we are indeed dealing with a zigzag pattern, then it's likely to expect the price of Silver to rise to at least 38.77 (61.80% of Wave A), as Wave C of a zigzag = 61.8%, 100%, or 123.6% of wave A.
In the short term, our focus is on the 61.80% Fibonacci retracement of Wave I at 25.57, this is the likely support of Silver before the continuation to the upside.
This bullish setup remains valid so long as Silver remains above 23.78.
Overall, a very interesting setup that is worth considering as a long-term trade.
Our Elliott Wave analysis agrees with this possibility, here's why:
Taking a look at the 'big picture' of Silver, it's likely that Silver is underway of a larger degree ABC correction, also know as a zigzag pattern.
If we are indeed dealing with a zigzag pattern, then it's likely to expect the price of Silver to rise to at least 38.77 (61.80% of Wave A), as Wave C of a zigzag = 61.8%, 100%, or 123.6% of wave A.
In the short term, our focus is on the 61.80% Fibonacci retracement of Wave I at 25.57, this is the likely support of Silver before the continuation to the upside.
This bullish setup remains valid so long as Silver remains above 23.78.
Overall, a very interesting setup that is worth considering as a long-term trade.
Tesla's Elliott Wave structure is looking really interesting for a potential bearish move to take place.
With the current Elliott Wave structure of Tesla , we see a corrective structure underway:
We see a clear Zigzag structure unfolding for Wave (IV) of c, the expected target for Wave (IV) is at 419.52.
The invalidation level is at the peak of Wave c at 780.71.
Wave (2) of c of (IV) is now at the 61.80% Fibonacci level of Wave (1), a common Fibonacci level for Wave 2 to complete its wave formation.
Lastly, notice the third touch of the bearish trendline and the minor channel's resistance all lining up together to suggest a prime entry opportunity.
With the current Elliott Wave structure of Tesla , we see a corrective structure underway:
We see a clear Zigzag structure unfolding for Wave (IV) of c, the expected target for Wave (IV) is at 419.52.
The invalidation level is at the peak of Wave c at 780.71.
Wave (2) of c of (IV) is now at the 61.80% Fibonacci level of Wave (1), a common Fibonacci level for Wave 2 to complete its wave formation.
Lastly, notice the third touch of the bearish trendline and the minor channel's resistance all lining up together to suggest a prime entry opportunity.
If we take a look at the current Elliott Wave structure of GBP/AUD we notice a very attractive setup to the upside.
First, we can see a simple 1-2-3-4-5 impulse wave that is in formation and all the following essential Elliott Wave rules being followed:
✅ Wave 2 can’t retrace more than the beginning of wave 1
✅ Wave 3 can not be the shortest wave of the three impulse waves, namely wave 1, 3, and 5
✅ Wave 4 does not overlap with the price territory of wave 1
Also note that Wave 4 is typically a triangle, as shown in this real-time scenario.
Our target is at the 1.85000 round number and our invalidation level is set at 1.83935 (Wave (c) of Wave 4)
First, we can see a simple 1-2-3-4-5 impulse wave that is in formation and all the following essential Elliott Wave rules being followed:
✅ Wave 2 can’t retrace more than the beginning of wave 1
✅ Wave 3 can not be the shortest wave of the three impulse waves, namely wave 1, 3, and 5
✅ Wave 4 does not overlap with the price territory of wave 1
Also note that Wave 4 is typically a triangle, as shown in this real-time scenario.
Our target is at the 1.85000 round number and our invalidation level is set at 1.83935 (Wave (c) of Wave 4)
USD/CHF is now unfolding with Wave III of (V) of 1, a very strong impulsive wave to the upside.
With that being said, our level of invalidation is at 0.92004 (the low of Wave (c) of II) and our minimum target is at 0.92822 (the 61.80% projection of Wave I).
Overall, this setup offers a great risk to reward ratio.
With that being said, our level of invalidation is at 0.92004 (the low of Wave (c) of II) and our minimum target is at 0.92822 (the 61.80% projection of Wave I).
Overall, this setup offers a great risk to reward ratio.
👋 Hello Traders!
Taking a look at the basic wave structures and how to trade them, it's important to begin recognizing such patterns/wave formations if you're just getting started with trading. 📚
🖐 We have 5 main wave structures:
-Impulse Wave
-Ending Diagonal
-Flat
-Zigzag
-Triangle
Once you're able to find such patterns, you will become more comfortable trading them, as you'll build trust and confidence you'll cut the emotional aspect of trading, as you will know exactly how each pattern can traded. 💰
These patterns constantly form on all time frames, take some time to check these patterns, and try to spot them on your charts! 👍
Taking a look at the basic wave structures and how to trade them, it's important to begin recognizing such patterns/wave formations if you're just getting started with trading. 📚
🖐 We have 5 main wave structures:
-Impulse Wave
-Ending Diagonal
-Flat
-Zigzag
-Triangle
Once you're able to find such patterns, you will become more comfortable trading them, as you'll build trust and confidence you'll cut the emotional aspect of trading, as you will know exactly how each pattern can traded. 💰
These patterns constantly form on all time frames, take some time to check these patterns, and try to spot them on your charts! 👍
💡Litecoin (LTC) 2D: Taking a brief look at Litecoin's bullish scenario. Elliott Wave suggests Wave 4 is complete, a strong move to the upside to trend towards $601.00 This forecast remains valid as long as Litecoin remains above 104.00
✅ Stay to date for up to 12 different markets and be ready for the next big wave, subscribe today!
👍 Get Started, Visit Our Website.
👉 https://sunnyhillcapital.com/premium
✅ Stay to date for up to 12 different markets and be ready for the next big wave, subscribe today!
👍 Get Started, Visit Our Website.
👉 https://sunnyhillcapital.com/premium
Trading Results: July 5 - 30
Elliott Wave Analysis:
✅ GBP/USD +233 Pips
✅ EUR/GBP +131 Pips
✅ USD/JPY +102 Pips
✅ EUR/CHF +99 Pips
✅ EUR/CAD +314 Pips
✅ EUR/JPY +184 Pips
✅ EUR/USD +93 Pips
✅ Silver +1033 Pips
✅ Bitcoin +7832 Pips
Total: +10,021 Pips 🚀🚀🚀
Putting that into perspective with position sizing:
0.1 Lot = $10,021
1 Lot = $100,210
etc.
Beautiful results for the month of July, everyone in our Premium Analysis Group made money with these moves, looking forward to another profitable month with the Sunny Hill Capital team!
What are you waiting for, join us! 👇
Elliott Wave Analysis:
✅ GBP/USD +233 Pips
✅ EUR/GBP +131 Pips
✅ USD/JPY +102 Pips
✅ EUR/CHF +99 Pips
✅ EUR/CAD +314 Pips
✅ EUR/JPY +184 Pips
✅ EUR/USD +93 Pips
✅ Silver +1033 Pips
✅ Bitcoin +7832 Pips
Total: +10,021 Pips 🚀🚀🚀
Putting that into perspective with position sizing:
0.1 Lot = $10,021
1 Lot = $100,210
etc.
Beautiful results for the month of July, everyone in our Premium Analysis Group made money with these moves, looking forward to another profitable month with the Sunny Hill Capital team!
What are you waiting for, join us! 👇
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💡 Remember traders, focus on making the best trades to work first! Money is the byproduct of successful trading. Focus more so on the process of trading, rather than the reward as it will cloud your judgment.