Elliottbaba

Volume Diversion : Elliott Wave Theory ( Elliott Baba)

A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves• Subdivision of wave C is in 5 waves impulse / diagonal• Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three• Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A • Wave C ends substantially beyond the ending level of wave AFibonacci Ratio Relationship• Wave B = 123.6% of wave A• Wave C = 123.6% – 161.8% of wave AB

FLAT PATTERN CORRECTION: 1-Wave A minimum retrace 61.8% to previous swing 2-Wave B Minimum retrace 61.8 % to Wave A3-Wave C can go Beyond wave A 4-Wave formation will be divided in 3,3,5 structured sub wave

XAUUSD SHOWING DOWN MOVE ON DAILY BASIS CHART . As we can See XAUUSD is making correction on daily chart . so it may correct its impulse fro 23 to 38% and if it will give extension than we find it towards 61.8% . So the level will be .Closing below 1990 we can strongle see the tgt of 1956 ,1899.

Dear Traders ,As predicted earlier Bitcoin had successfully completed 4rth wave and now its going toward forming 5th wave of correction . Now we have identified few levels for lower direction ,which it will complete in 5 wave of small timeframe . Below are the levels .lower tgt402503690034600Thnx Elliott Babafirst it will touch 45000 mark and then it will move towards 34600

this is 4 hr time frame analysis for short term time period trading (likely intraday )as we can see Bitcoin is in correction phase . Now we are in zigzag correction ( ABC ) phase ,where its making Web A with 5 sub wave . As you can see in chart currently we are making 4rt subwave of wave A which will go towards 38% of correction of subwaves whic is coming UP move in few session 42400, 43700, 45000 . Now elliott baba is observing Triangle pattern formation in 4rth wave which has completed ABCD wave and now set to move for E which will be 42400, 43700 station . Happy tradingtradingview.com/chart/bZQdPBoj/

Dear Traders ,this is 4 hr time frame analysis for short term time period trading (likely intraday )as we can see Bitcoin is in correction phase . Now we are in zigzag correction (ABC) phase ,where its making Web A with 5 sub wave . As you can see in chart currently we are making 4rt subwave of wave A which will go towards 38% of correction of subwaves whic is coming UP move in few session 42400, 43700, 45000 . Once we will complete this we will see a big down move towards 38000, 36000 .Happy Trading .