Re: Banzai's Trading System
63Gold has formed a double bottom.
So it's a BUY.
But buy only.
Don't forget the stop-loss.
So it's a BUY.
But buy only.
Don't forget the stop-loss.
Re: Banzai's Trading System
64GOLD is still wave C
Oops. I just learned that gold is still in wave C. Sorry everyone. Newbie in Elliott Wave here.
Zigzag Correction
Wave C usually equals Wave A in length, or sometimes extends to 1.618 × Wave A.
That means:
Minimum target: same length as A
Maximum common target: 1.618 × A
Wave C must go beyond the end of Wave A (it must make a new low if it’s a downward correction).
Typical Fibonacci relationships:
C = A
C = 1.272 × A
C = 1.618 × A
----------------------------------------------------------------------------------------------
Wave A start: $4381.64
Wave A end: $4004.22
So the length of Wave A is
4381.64 − 4004.22 = 377.42
Now, Wave C’s possible end depends on the correction type and its Fibonacci relationship to Wave A.
If it’s a Zigzag (common case)
Wave C ≈ Wave A to 1.618 × Wave A
C target range=4004.22−(377.42×1.0 to 1.618)
Equal A: 4004.22 − 377.42 = 3626.80
1.618 × A: 4004.22 − (377.42 × 1.618 = 610.15) = 3394.07
So Wave C could end around $3627 to $3394.
Zigzag CorrectionWave C usually equals Wave A in length, or sometimes extends to 1.618 × Wave A.
That means:
Minimum target: same length as A
Maximum common target: 1.618 × A
Wave C must go beyond the end of Wave A (it must make a new low if it’s a downward correction).
Typical Fibonacci relationships:C = A
C = 1.272 × A
C = 1.618 × A
----------------------------------------------------------------------------------------------
Wave A start: $4381.64
Wave A end: $4004.22
So the length of Wave A is
4381.64 − 4004.22 = 377.42
Now, Wave C’s possible end depends on the correction type and its Fibonacci relationship to Wave A.
If it’s a Zigzag (common case)Wave C ≈ Wave A to 1.618 × Wave A
C target range=4004.22−(377.42×1.0 to 1.618)
Equal A: 4004.22 − 377.42 = 3626.80
1.618 × A: 4004.22 − (377.42 × 1.618 = 610.15) = 3394.07
So Wave C could end around $3627 to $3394.- These users thanked the author Banzai for the post (total 2):
- BeatlemaniaSA, mazibee
Re: Banzai's Trading System
65Elliott Wave C correction
Given Data
Wave A: from $4381.64 → $4004.22
→ Wave A length = $4381.64 − $4004.22 = $377.42
Wave B top = $4138.56
So Wave C starts at $4138.56 and typically moves downward.
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I asked ChatGPT and this is what it gave me:Elliott Wave correction ABC
all time high is $4381.64.
bottom of wave A is $4004.22
top of wave B is $4138.56
Give me all projections of wave C
Given DataWave A: from $4381.64 → $4004.22
→ Wave A length = $4381.64 − $4004.22 = $377.42
Wave B top = $4138.56
So Wave C starts at $4138.56 and typically moves downward.
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Re: Banzai's Trading System
67Code: Select all
https://www.instagram.com/elliottwavemonitor/p/DQWSyGijX90/Re: Banzai's Trading System
68ASK ChatGPT
Based on the new wave counts, we can ask ChatGPT:
Code: Select all
https://chatgpt.com/Code: Select all
In an Elliott Wave downtrend, if ii of GOLD is $4019.39
and iii of GOLD is $3886.78
give me an estimate of iv and vRe: Banzai's Trading System
69Ask ChatGPT:
In an Elliott Wave downtrend, if
high of (i) of GOLD is $4050.04
low of (i) of GOLD is $3971.34
high of (ii) of GOLD is $4019.39
low of (iii) of GOLD is $3886.78
high of (iv) of GOLD is $3982.21
give me an estimate of (v)
In an Elliott Wave downtrend, if
high of (i) of GOLD is $4050.04
low of (i) of GOLD is $3971.34
high of (ii) of GOLD is $4019.39
low of (iii) of GOLD is $3886.78
high of (iv) of GOLD is $3982.21
give me an estimate of (v)
