Traders, 1- The Geo (WolfeWave) completed its 5-point target at its ectopic 5' level A price reversal from Point-5' offers the HIGHEST probability of attainment at a price level corresponding to Point-4 (1.3432).I am looking for further targets at least for 1-4 line (close 1.3300) according to the bigger EW 5) last impulsive wave. 2- Internal Geo's structure...
We are in what looks like the C wave of a 4th wave zigzag. Expecting prices to rally to around 1.354 where we have the a combination of Fibonacci expansion and retracement levels. 1.354 is also a strong resistance level and we can expect to see sellers re-entering the market at this level
Wave B looks like it could finish around the 0.382 retracement of Wave A, a Wave C would be likely to follow next.
I am looking for higher in a 3rd Wave of a C Wave. I would put a stop under the last low around .746 if you are going long.
Wave 2 looks to have completed in 3 waves between the 0.5 and 0.618 fib retracement levels of wave 1. A wave 3 is likely to follow soon. This wave 2 could also still develop into a more complex pattern such as a flat, if the move up develops in 3 waves to the wave i extreme protect yourself by moving your stop to break even as soon as the impulse is invalidated.
Wave C looks of a ZigZag looks to have completed and been followed and impulsive move down which was corrected by another ZigZag. Pending order has been hit on the break of wave 3 of 4. Minimum target for a wave c is equal to wave A. If this is a wave 3 it should approach or pass the 1.618 extension of wave 1.
*Idea This is my first time using fibonacci numbers. Just beginning to learn this strategy. I believe that there will be a pullback soon for APPL. My prediction is that it won't be anything significant. We have a gap support and resistance. Any comments and criticism is greatly appreciated. :)
A Wave 2 ZigZag has completed at the .618 retracment of Wave 1 which is a strong indication the correction has complete. The price has already made a bounce from this level and seems to be in a correction which has probably has further downside before the up move. This initial bounce could be the beginning of a Wave 3. The larger picture shows this Wave 3 could be...
This pair has presumably completed a zigzag move which is corrective in nature. This is why I plan to sell each flag it breaks. Now there is a perfect chance to make the first trade. Sell the breakout of the flag.
4 hour chart showing a 5 wave impulse being corrected by a 5,3,5 ZigZag pattern. Wave 4 of 5 in Wave C of the ZigZag is currently in progress. Price showing resistance at the 0.618 retracement level off the impulse. RSI touching/nearing oversold territory. Initial price target set at a 1.68 multiple of the impulse wave (2:1). Entry level only once the extreme...
It appears 5 subwaves of a wave C in a ZigZag have completed. It looks like this ZigZag may be the full corrective move of wave 4 since it has reached a price level between the .382 and .500 fib retracement of wave 3, it is also in correct proportion to wave 2. The RSI indicator supports my prediction that wave 4 has ended. RSI Range Rules say that in an...
Zigzag correction already done, 1st wave up just completed.
Hello dear traders & welcome to Growing Forex The pair is trading inside the rising wedge & Break Below would open doors for the test of support trend line.Enter At the breakout for safe entry or enter at the resistance trendline for maximum profit. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade...
Hello Dear Traders & Welcome To Growing Forex The Pair Broke The Support Level Of 1.0770 While Updating The Synopsis Thanks To Theresa May.On The Downside The Next Support Is At 1.0688 & 1.0622 levels. I will Be Updating My Views On This Idea Weekly. Goodluck, Regards, Growing Forex Team.
I dont practise EW much now. But somehow this Zig Zag pattern came to my mind on its own. Looks like a perfect context for this pattern to play out. So short on Nifty with Stop Loss at 9145 Nifty Spot.
Hey Traders! Big upset here with the employment announcement out of Australia. We had a nice long trade at the bull flag breakout earlier this week and it may be time to see a big corrective move. So far, I like the impulse down. Trade is active. Cheers Previous Flag: