💡 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.
📚 Let's take a moment to check a very important channeling technique applied to Elliott Wave.
🌀Applying Elliott Wave & Terminating Channel together!
✅ The terminating channel: to forecast the potential terminal point of wave 5, the terminating channel applies to Elliott Wave once wave 4 has completed its cycle.
✍️ To draw the terminating channel, draw the first trend line from the end of wave 2 through the end of wave 4, and project the parallel trend line at the extreme of wave 1 & 3, the trend line projected from wave 1 is known to as the mid-channel line. Wave 5 can end at either one of these key trend lines.
🎯 To be more precise, we know that wave 5 needs to have 5 sub-waves, if the wave structure reaches the mid-channel line and have not yet formed 5 sub-waves, expect the structure to unfold to the upper trend line.
🌀Applying Elliott Wave & Terminating Channel together!
✅ The terminating channel: to forecast the potential terminal point of wave 5, the terminating channel applies to Elliott Wave once wave 4 has completed its cycle.
✍️ To draw the terminating channel, draw the first trend line from the end of wave 2 through the end of wave 4, and project the parallel trend line at the extreme of wave 1 & 3, the trend line projected from wave 1 is known to as the mid-channel line. Wave 5 can end at either one of these key trend lines.
🎯 To be more precise, we know that wave 5 needs to have 5 sub-waves, if the wave structure reaches the mid-channel line and have not yet formed 5 sub-waves, expect the structure to unfold to the upper trend line.
💡 Taking a brief look at Ripple's bullish scenario, Elliott Wave suggests Wave (3) is underway.
Therefore, we can expect a strong move to the upside, our projected target is at the $4.1 price level (161.80% of Wave (1), projected from Wave (2), and 200.00% of Wave I, projected from Wave II).
✅ 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
Therefore, we can expect a strong move to the upside, our projected target is at the $4.1 price level (161.80% of Wave (1), projected from Wave (2), and 200.00% of Wave I, projected from Wave II).
✅ 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
📚Let's take a moment to check a very important channeling technique applied with Elliott Wave.
☯️Applying Elliott Wave & Base Channel together!
✅The base channel is the first channel that you draw in a new Elliott Wave cycle, it's drawn to project the potential ending point of the corrective wave 4.
✍️To draw this channel, it's drawn from the origin of Wave 1 to the extreme of wave 2, followed by a parallel channel of the trend line drawn against the extreme of wave 1.
☯️Applying Elliott Wave & Base Channel together!
✅The base channel is the first channel that you draw in a new Elliott Wave cycle, it's drawn to project the potential ending point of the corrective wave 4.
✍️To draw this channel, it's drawn from the origin of Wave 1 to the extreme of wave 2, followed by a parallel channel of the trend line drawn against the extreme of wave 1.
💡 Taking a brief look at the chart of Monero (XMR/USD) on the 1W time-frame, we notice a long-term bullish continuation as it's likely that Wave (IV) of 1 is complete.
Elliott Wave suggests a continuation up to the $700 price level.
This setup will remain valid as long as Monero remains above 179.200.
🤝 Cheers to many pips!
Elliott Wave suggests a continuation up to the $700 price level.
This setup will remain valid as long as Monero remains above 179.200.
🤝 Cheers to many pips!
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Focus on the probabilities and risk management of trading, you don't need to win 9/10 times to become profitable.
Patience, wait for setups that offer a favorable risk to reward ratio, and seize the opportunities once they present themselves.
Patience, wait for setups that offer a favorable risk to reward ratio, and seize the opportunities once they present themselves.