I expect a C wave down to complete the Zig Zag. Wave (A) five waves down, wave (B) three waves up and waiting for the next (C) five wave down.
A picture perfect five wave decline has been unfolding from October 2014 high at 244.80 to June 20 - 2016 low at 134.25. This has completed wave A of zig-zag correction and wave B will now take over for a rally towards at least 174.35 and likely even closer to the 50% corrective target of wave A at 187.80. So after have been short almost 2 years it's time to...
Silver is trying to break above the Inverse S/H/S bottoms neckline near 18.00 and more importantly above resistance at 18.51. If the later is broken too, then a rally towards the measured S/H/S target at 22.94 should be expected as a minimum, but this rally could easily extend higher towards 25.10. The Inverse S/H/S neckline at 18.00 will now shift from...
The NZDUSD has reached the top of the cloud. This is also the 127% extension of the Zigzag (5-3-5) corrective pattern. Further, this is the 61% retracement of the previous down move. If the cloud holds I am expecting an impulse move down in the weeks to come.
There must be a comprehensive text, but I'm too lazy to write it.
I haven't posted anything on here in a long time so figured I'd post my current trade. This is a very simple setup I have been using for a while to trade on demo accounts and on 1broker. It is a combination of the Stochastic Oscillator as used in Mumbai Scalping set to 5,3,3 And an Ichimoku Cloud. My cloud has been altered to provide me with signals, I never...
SHOULD RALLY THIS WEEK TO>95 IN RED4, THEN SELLING SHOULD RESUME TO COMPLETE RED5 OF (Y)WAVE TO ~85,THEN WILL PROBABLY START ANOTHER (X)WAVE RALLY - WE SHOULD EVENTUALLY SELL DOWN TO (Z),THE PREVIOUS WAVE (4) LEVEL OF ~$56 !! RETRACEMENTS USUALLY GO DOWN TO THE LEVEL OF THE LESSER DEGREE WAVE(4) , ALSO PRIMARY REDWAVE II WOULD BE AT THE FIBONACCI 61.8% RETRACE OF...
Talking Points: GBPUSD Technical Strategy: Keeping Bearish view Elliottwave Count: ZigZag Correction will be our primary choice in count GBPUSD Start showing divergence on daily bearish trenline and 240min newly created bullish trendline. Current level 1.4650-1.4700 is 100% expansion of zigzag and also testing horizontal resistance. Long term trend...
Actionary 5L impulse ending 0.0151311 is a subdivision A of the ABC continuation of a leg A in a higher degree ABC packed into leg Z in an uber-extreme exsatough mind-melting gigantesque triple zig zag combination. Both green ABC and blue ABC are poised to reach much wider price range than they seem at this time, leaving a room for bear continuation up until...
Buyers abound and have tried to roll the dice but had no success in moving higher thus far. As a result a squeeze bar popped up offering a good entry for shorts. If theres a leg up fated to fail from the get-go its a flash crash case. I see it as wave 3 of a leg A of a leg Z in a triple zig zag. When the squeeze is over the next impulse down must carry enough...
this zigzag correction is about to end. Note the divergence which indicates that price movement is losing momentum. Trade will be triggered at a break below the entry level
USDCAD Can Be Rising For make third wave of zig zag correction
In yesterday's webinar for the TradingView community, we talked about the EURUSD in the current market environment. (see the video clip from the 1:26:07 - 1:27:45 mark -> www.youtube.com ) It appears as though the pair has finished a blue 'b' wave triangle and we are thrusting lower in the 'c' leg of a zig zag. There is another alternative that resolves as a...
zigzag ends at the previous trendline. there is a good opportunity to buy for another impulse.
Triangle or a ZigZag combination. Time will tell. But for the moment all is looking good for a long upto the upper trendline. But we need a small correction to enter the trade. Lets hope we get a good one to enter with confidence.
NOTE: Please keep in mind that just because I have drawn particular line or suggested a target does not mean I will cause the price to follow that path. I say this because many appear to have religious like zeal for BTCUSD to move forever upwards without any retracement where suggesting anything else is a gross sin. Also I am ignoring all the positive and...