Elliott Wave Trading Strategies
Today I have a macro
roadmap as well as a smaller timeframe
roadmap playing this range that we've been in for the
past month, two months, ten percent price range.
Usually guys I post on YouTube, but today is an
X exclusive
for all of my junkies who
follow me over on X.
Now
I'm gonna start off here on the macro.
This is the master Elliott Wave roadmap.
Um, on the macro
I have five waves up towards all-time high.
I have an ABC to the downside that I'm looking
to, for, as, as the most probable option.
We're in this kinda middle area. We're about halfway through it.
I believe, um, a bigger flat correction is gonna happen for this B
wave, and guys we have been calling for this.
This is May 28th, um, for, for this post.
Guys, this exact structure played out.
We are currently sitting right here.
As you can see, we are currently sitting right here.
As you can see, we're currently sitting right here.
I mean,
the proof is in the pudding, baby. We don't play.
And then if, if we wanna go back even further, this
was from May 6th.
And
look at that.
Look at that.
I mean, playing this move beautifully.
So still playing the same exact move.
It's just about deciphering the smaller timeframes.
I'm looking for this flat to play out. Things will look really bullish.
I call this the bull maker, and then we get the soul taker down
towards 30K,
20K, whatever the, whatever the price target may be. Right?
We are aware of that. We understand that.
Um, now on the smaller timeframes I'm looking
for this
correction to play out to the upside here.
We are currently sitting long over on Blofin.
You know, we've been long in this market trying to
play safe,
trying to capture opportunities when we see them. Everyone in Discord
is long.
We paid ourselves a little bit here.
Um, but we're holding this for what I believe
to be the most probable
scenario.
And in my opinion,
I've said it before on here and I'll say it again, this is the most
obvious area for price to come back into.
Sitting around
60.8K. Now, I don't mean that in a good way.
It's too obvious if you ask me,
and I believe everyone who is shorting, they are targeting this zone.
Everyone who is longing is waiting until this zone gets captured,
then they're gonna long, right? This is the most obvious area.
I think there's, uh, a little bit more tomfoolery to occur here
on the
chart, and in my opinion, there's more liquidity sitting up
here around 67.5K right at
this local high, this high. And I believe it's
the most perfect spot for market makers to bring price up
into
because a lot of traders are focused on shorting the
68K region for whatever re-
for whatever reason. I'm not sure. This is their spot, right?
Um, you know, whatever. I guess their strategy tells them that's
their spot.
Not us.
We're waiting to short until higher, but I believe a
move up is coming. Guys, this range has been tricky,
but the way I'm counting it as of right now is a
flat correction here. Boom. We have an ending diagonal for C
leg in that flat. I would love to see this kinda work its
way up
correctively, taking out this high,
getting everyone bullish,
thinking they got left behind, getting everyone FOMOing into longs
here who are waiting for down here too long, and
then what's gonna happen is the shorts will end up piling in
and this will turn into
a monster flat.
We're gonna stop premature of where everyone is going to be shorting.
Just a quick sweep of this range is what I'm looking for.
Everyone will be funneling into their shorts thinking that we're going down to
nuke.
And we're just coming back down to the obvious spot, but it
wouldn't be so...
They're, they're not gonna make it so easy.
Obviously, we're gonna chop around for a long time,
and then we'll eventually get
there. It will eventually get there.
This whole thing is just gonna be a super complex drawn-out
flat correction. So I have an initial impulse for my A leg,
a complex B leg for my flat, hitting the most obvious area,
and then we lift off for this C leg of a
zigzag correction.
The zigzag is just the correction of this
initial five-wave move down,
and that five-wave move is my A into
my B,
into my impulse down C, sweeping the low one more
time, and then we can get the bull
maker into the soul taker.
Things will look extremely bullish in the near
future. But I am here to tell you,
as your Elliott Wave father,
that
looks are deceiving.
The C leg on this flat, if this plays out, this is the structure I'm playing, guys.
I'm very transparent about what I'm playing.
I've been transparent since back in here when we've been playing the structure, and
it's been playing out beautifully this whole time.
If we get a corrective shape up into here, a
failure impulsively sweeping this low, guys, I am going to be the
most bullish person in the space only until we come
back into this 100K region. I think this
area is going to be
solid,
solid support,
and it will look as if the support has held until we
break through and take all this juicy
liquidity down in here. Only then,
once we absolutely smoke everyone's hopes and dreams
with this soul taker capturing souls, then we will
potentially see the next leg of the bull market
ensue.
If you guys wanna trade this stuff, Blofin is my
preferred non-KYC exchange, and I do
have the best rewards hooked up for you always.
This is a deposit
reward plus a trade reward. All my Junkies traders
get access to this. Sign up now. I will pin the link in the
first comment here.
Or use code ChartJunkies. Guys, if you want to
access Discord,
check it out. I will pin that as well. Feel free to join.
It's
obviously unbiased, the greatest community of Elliott Wave
traders you will ever
run into. If you are serious about trading,
serious about viewing these
markets in a clear, concise, objective way, if you
wanna see how we get down, how we get into these trades,
come join Discord.
Join 3,600
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over in the Chart Junkies
community. Trade safe. I love you guys. Peace.
End of transcript · 1,117 words