About us:
ElliottWaveSpot is an Elliott Wave based firm that teaches and share educational Elliott Wave and general technical analyses based lessons. Our focus is on making sure every student of the Wave Principle applies it correctly and can use it in real-time to forecast the financial markets. We provide Elliott Wave forecasts and video lessons across all market classes and assets.
Our primary focus on forecasts:
▪︎ FX - majors, cross-rates & extras.
▪︎ Commodities - metals, energies, softs & grains.
▪︎ Stocks - JSE Top 50, NYSE & ASX.
▪︎ ETFs - JSE & NYSE.
▪︎ Global indices - USA, EU, JSE & Asia.
▪︎ Top 20 Crypto coins.
Our video lessons focus:
--> Raw Elliott Wave education - basic to advanced.
--> Raw price action including Japanese candlesticks, bar patterns, chart patterns, price gaps and more.
--> Proficient use of technical indicators.
--> And how all this can be used in real-time to make unsolicited trading decisions.
We are not financial advice thus everything we share is solely for educational purposes only!
#US30 (#DJIA) - Intraday (6h) Elliott Wave Update.
👉 Telegram group: https://t.co/r2mNBq0Lli
--> Chart link: https://t.co/RJyM5BCdv4
🔎 Outlook: The wave (i) top is likely in place - wave (ii) decline might have commenced!
#USA#NYSE#USD#Elliottwave#BTC
@StanFXTrading@DumbMoneyHunter And I like that about you. You offer access to more capital than one actually did while they were trading prop firm accounts and of course access to higher grade institutional level trading resources.
A very beautiful 123 or rarely an ABC since this looks like a long-term rally.
I like the fact that it is hardly having any alternation between the corrective subwaves the traditional way one would expect.
Running triangles --> although sideways, wave B creates a new high above the origin of wave A, a good replacement for a sideways EW pattern like a flat!
Regular contracting triangle --> No new high is created, thus a good replacement for a sharp corrective pattern!
Source of info origin: Key to Market Behavior, 12th edition!
#SHIBUSDT - Intraday (6h) Elliott Wave Update.
👉 Telegram group: https://t.co/WqFPoZTriP
--> Chart link: https://t.co/65fHBB2Uae
🎯 Bottom Line: Bear market rally in play - more decline to come!
📉 Technical perspective: The current rally is only corrective according to the Wave Principle and is expected to terminate at the highlighted Fibonacci retracement levels. This rally will either be a zigzag or a zigzag complex. What it won't be however is a wave E triangle. Why? Because the BD line looks more horizontal, thus nullifying a triangular wave E outlook.
#NatGas - Intraday (4h) Elliott Wave Update.
👉 Telegram group: https://t.co/WqFPoZTriP
--> Chart link: https://t.co/R1TSjx79Rp
🔎 Outlook: Wave 1 is now in its final actionery subwave - wave [v] of minute degree (or degree 10). A throw-under has been witnessed exactly at wave (ii) which more often than not is a sign of a pending explosive wave 5 rally that will breach the upper boundary of Elliott's final channel. This phenomenon Elliott called a "Throw-over."
#NatGas - Intraday (4h) Elliott Wave Update.
👉 Telegram group: https://t.co/WqFPoZTriP
--> Chart link: https://t.co/R1TSjx79Rp
🔎 Outlook: Wave 1 is now in its final actionery subwave - wave [v] of minute degree (or degree 10). A throw-under has been witnessed exactly at wave (ii) which more often than not is a sign of a pending explosive wave 5 rally that will breach the upper boundary of Elliott's final channel. This phenomenon Elliott called a "Throw-over."
#EURUSD 🇪🇺🇺🇸 - Intraday (6h) Elliott Wave Update.
👉 Telegram group: https://t.co/WqFPoZTriP
--> Chart link: https://t.co/Tdn2AnzfdA
💡 Traders tip: traders are by nature pattern spotters. What keeps you ahead of the rest is having a personal guidebook that allows you to pinpoint patterns exactly as they play out in real-time and either profit from them or doge unnecessary losses.
🎯 Bottom Line: Decline to remain persistent.
#USDZAR #USD #ZAR #Rand #RSA #Mzansi #SouthAfrican #SouthAfrica