Anatomy of Elliott Wave Decline π
Classic 5-wave structure of a downward impulse:
Wave 1 β First bear strike
Wave 2 β Bulls' false hope (50%, 61.8% retracement)
Wave 3 β Main crash (161.8, 200% extension) π₯
Wave 4 β Weak correction (38.2% of wave 3)
Wave 5 β Final capitulation
Wave 3 is the most powerful in the impulse.
This is where the main decline occurs with maximum volume and panic.
π Key Fibonacci proportions help accurately determine targets for each wave.
Classic 5-wave structure of a downward impulse:
Wave 1 β First bear strike
Wave 2 β Bulls' false hope (50%, 61.8% retracement)
Wave 3 β Main crash (161.8, 200% extension) π₯
Wave 4 β Weak correction (38.2% of wave 3)
Wave 5 β Final capitulation
Wave 3 is the most powerful in the impulse.
This is where the main decline occurs with maximum volume and panic.
π Key Fibonacci proportions help accurately determine targets for each wave.
π» USDJPY 1H Sell Setup
The supply zone of 149.000 is active, a good sell move can come from here.
π― Target: 147.200 | π SL: 149.200
#usdjpy #sellsetup #forextrading #priceaction
The supply zone of 149.000 is active, a good sell move can come from here.
π― Target: 147.200 | π SL: 149.200
#usdjpy #sellsetup #forextrading #priceaction
Which market do you trade the most?
Anonymous Poll
0%
1οΈβ£ Forex (Currency Pairs)
50%
2οΈβ£ Gold (XAU/USD)
0%
3οΈβ£ Crypto (BTC, ETH, etc.)
0%
4οΈβ£ Indices (US30, NASDAQ, etc.)
50%
5οΈβ£ I trade everything π
π» USDCAD 15M Sell Setup
The price has rejected the trendline and resistance zone, the downtrend has started.
π― Target: 1.37100
π SL: 1.37450
#usdcad #selltrade #forexsetup #priceaction
The price has rejected the trendline and resistance zone, the downtrend has started.
π― Target: 1.37100
π SL: 1.37450
#usdcad #selltrade #forexsetup #priceaction
π’ GOLD 4H Buy Setup (XAUUSD)
Price has bounced off the channel support, now the price is likely to move upwards.
π― Target: 3375+ | π SL: 3310
#goldsetup #xauusd #buyopportunity #channeltrading
Price has bounced off the channel support, now the price is likely to move upwards.
π― Target: 3375+ | π SL: 3310
#goldsetup #xauusd #buyopportunity #channeltrading
π Learn to Ride the Trend β Like a Pro! π
These 4 continuation patterns are your best allies when markets pause before making their next big move!
βοΈ Falling Wedge
βοΈ Rising Wedge
βοΈ Bullish Rectangle
βοΈ Bearish Rectangle
β¨ Spot them. Trade them. Win more with less stress!
π Save this for your next chart session!
These 4 continuation patterns are your best allies when markets pause before making their next big move!
βοΈ Falling Wedge
βοΈ Rising Wedge
βοΈ Bullish Rectangle
βοΈ Bearish Rectangle
β¨ Spot them. Trade them. Win more with less stress!
π Save this for your next chart session!
BTCUSD β 2H Buy Post πΉ
Price has bounced from the trendline and demand zone, entry in buying zone.
π― Target: 122100 | β SL: 117900
#btcusd #cryptoanalysis #trendlinebounce #buysetup
Price has bounced from the trendline and demand zone, entry in buying zone.
π― Target: 122100 | β SL: 117900
#btcusd #cryptoanalysis #trendlinebounce #buysetup
πΉEURAUD β 15m Sell Setup
Price has been rejected from the supply zone, bearish candle is active. Entry to SL ratio is perfect.
π― Target: 1.78254 | β SL: 1.78637
#euraud #forexsignals #sellsetup #scalpingstrategy
Price has been rejected from the supply zone, bearish candle is active. Entry to SL ratio is perfect.
π― Target: 1.78254 | β SL: 1.78637
#euraud #forexsignals #sellsetup #scalpingstrategy