This is a followup to the idea from yesterday (link below) yesterday i said the X point of the gartley was the potential 5th wave of the recent downmove. now that we violated X, this doesnt work anyway, so i had to rethink my view on the waves. I think a reasonable scenario would be to make wave 3 an extended wave with another 5 wave stucture inside it. that...
EURUSD has formed a series of impulsive and corrective moves that shows us exactly how much power the bulls currently possess. To clarify, impulsive moves tend to be "strong and fast" while corrective moves tend to be "weak and slow". This directly correlations to the strength of each party's hand. The bulls are in control right now. The push from the bulls are...
Within a steady uptrend, price initially struggled to break above the 38.5 level. However, the immense bullish pressure resulted in a breakout to the upside and a brief intraday pullback shortly after. Price preceded to create a new high and has pulled back to that same role reversal level (now support). It has formed a notable reaction hinting at potential...
FX:AUDCHF Check previous published idea for this pair - link below; Safe trades; open.spotify.com
FX:CADJPY Double bottom. It can work as reversal, but first things first, we have a neck to break, that will validate the double bottom; I think the Bears still are on control, we have no divergence on RSI and IF so, we have a cluster zone where the price "should" land around the $74 and $72; (4h chart showing strong bears pressure...) GARTLEY Point...
FX:XAUUSD The Structure Breakout, test it, buy it... (The Precious is broking the weekly structure, we should see this metal enter in a bullish momentum): Support & Resistance levels: resistanceD1- 1253.08 resistanceH1 - 1279.555 resistanceH4 - 1267.989 resistanceMN1 - 1191.302 resistanceW1 - 1263.13 ------------------------------------ supportD1 -...
FX_IDC:AUDUSD iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave); wave 4 = 38.2% to 50% of wave 3 (can never overlap wave 1 ); wave 5 = wave 1 CORRECTiON: Wave A = usually around the...
FX:EURUSD My expectations: 1. Bullish momentum, first target around the 161% extension of wave 1, a correction that can not cross the top of wave 1 as wave 4, and a new wave 5=wave 1 will terminate the first Major Wave 1 >> correction... 2. New Major impulse wave target the 161% extension of wave 1 (major), this will forge a Bearish Gartley pattern @1.130$; ...
FX:NZDCAD Bulls Mode: . Expecting Bearish RSI Divergence and a pull back (wave 2); . Wave 3 targeting the 161% extension of wave 1; . New pull back that can not cross wave 1 top; . Wave 5=wave 1 target @0.9250$ Bears Mode @61.8% from previous move (A to B); AB=CD target @0.8735$ Safe trades; open.spotify.com
FX:EURCHF EURCHF Safe Trades;
NASDAQ:AAPL Safe Trades ;)
FX:GBPAUD Wait a test of previous structure after the breakout; BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can...
zigzag ends at the previous trendline. there is a good opportunity to buy for another impulse.
We now have a nice little Inverse S/H/S pattern in place and yesterday we saw a Cup with handle being triggered for a rally to the calculated target of 1,150. From an Elliott Wave point of view, an large ending diagonal most likely terminated with the test of 1,046 and if this count proves correct, then the target becomes the origin of the ending diagonal, which...
USDCAD Continuation of the Impulse
ABC wave pattern seems to be complete. But is the correction complete yet? Looking at last weeks price action we cannot discard a prolonged flat correction . But I will still be looking for long opportunities, as I expect wave 3 to the upside.
An ABCD corrective move could end up at a significant daily resistance. Bullish Gartley potentially retesting the upper band of an already broken descending channel could be use as buy entry level to ride the BC leg of the entire "big" correction.