The price finally confirmed the reversal breaking above the resistance. We got small correction on lower time frame (wave b). The yellow zigzag shows the anticipated path. Now the metal aims at 18.28-19.98 according to Fibonacci projections. Then we should see the larger correction. And then another leg upside, probably the final before the huge drop...
The consolidation described in the previous post completed. The target for this drop is located withing the Y108-110 range (50% Fibonacci / c=a / downside of the trendline) and highlighted in green rectangle.
Dollar is going to continue it's growth against Renminbi (CNH, CNY). Breakup of triangle would start the upside impulsive move. Target at 7.12
Buy the breakout of the blue resistance line Sell in case of the breakdown of the blue support Flat WXY Corrective structure is supposed to be in progress
The downmove should be impulsive and hit at least 1.0340.
The main thing - the break below 112.57 (low 18JAN2017) invalidated the previous count. I think we are in abc (blue) correction before another drop down. The blue C can surpass the top of blue A. The break below white support line would confirm the start of another drop down. Targets are between 38.2% (111.99) and 50% (109.93) Fibonacci retracement levels.
Ideal Bullish AB=CD Pattern " Shown by the corrective structure WXY " Emerging Bullish Bat Pattern Corrective Bearish Elliot Wave 4 maybe ending to resume the up trend of the bullish Wave 5
Simple idea. Labels are on the chart. Wave c of Y has exceeded 1.618 of wave a already. I think above 113.59 the model would be crashed. Entry above 113.60 Stop 112.55 (below the low) Target 118.66 (previous big top) Risk/Reward 1:4.76
We'll see how the ''Dollarindex'' perform to see ''IF'' we go up or down..
Hi again people, This an updated analysis I did a month ago. You can check it out in the link here of related ideas. I expected the market to do a move up to form -X-. Following Fibo rules I estimated the location of -X- following a downtrend line as a main guideline of the Daily corrective structure. We are now looking for a brake down from -X- and then get in...
Yen is in demand when something terrible happens with the world, at least financial. This chart shows that we are on the edge. Don't blame Trump, he is not in yet ))) Green rectangle shows the area of potential reversal down where the green (c) of X = 1.618-2 of green (a). White falling trendline shows the maximum dollar strength area. Downside targets within the...
I'm waiting for an oscillator divergence giving a buy signal inside the red rectangular zone , I'm assuming this is a bearish wave B of Wave X of a WXY Pattern I'm looking forward to trade the Bullish BC leg of wave X corrective structure
The Index seems to be forming an WXY Corrective structure
Trendline support was broken. Now the price is making a pullback to the broken trend. Risk trade to sell closer to trendline. Less risky to sell on break of the first trigger. Target 38.
Oscillator DIVERGENCE WILL CONFIRM THE LONG ENTRY
Bearish Anti Alt. Shark with non ideal AB = CD Pattern , the ABCD Pattern is equal in length and not in time Bearish RSI Divergence should confirm the coming bearish move VSA Shows a squat up bar in the 4 hr chart which is a sign of weakness for the up move and a test is required to confirm the coming bearish move with a no demand up bar or upthrust bar , etc...
It seems the pair is going to be bearish this week
There must be a comprehensive text, but I'm too lazy to write it.