XVG is forming a symmetrical triangle, which usually is a powerful continuation signal. The symmetrical triangle also happens to be the corrective wave of wave 1 in the form of a ABCDE pattern, and its completion signals that wave 3 will start soon. Since wave 3 is usually the longest, XVG probably will hit at least $0.39 (1 to 1 Extension). However, because the...
I've counted the Elliott waves, and I have only spotted 3 completed waves so far. That means that ZEC should experience some more correction in wave 4 before exploding up again. ZEC already completed subwaves A (12345 impulse) and B (abcde rising wedge). Wave C should start soon, and should be a downwards 12345 impulse. Of course, there is a possibility of further...
Trend continuation trade to previous structure. I believe price will come down to test psychological level .72. This level also has a 1.618 extension. IF price reaches this level, this may be an area to go long as well. R:R 3.46
Possible set up in EUR/CAD for reversal. It has been bouncing off this trend line, The 161.8 extension lines up close to the trend line. Take profits early. I will not enter this trade until it hits the 61.6 retracement. We shall see what happens
possible cypher pattern on usdjpy....one to one measured move and 161.8 confluence completion at the cypher completion (113.145). Target 1 at 111.642 target 2 110.727 as you can see these are not the conventional targets of being exactly at the 38.2 or 61.8. I have adjusted them based of the market structure. This pattern is pretty big and will take time to play...
1 to 1 measured move, 161.8 extension of a to b to a, overall daily fibs at 61.8, all line up with a bat completion. 4 hr divergence drawn with red arrows on chart and rsi on 1 hr current double bottom forming and even on 15 minute chart another bat formation the gap closed with the wicks looking left at yellow bubble I have entered on the 1hr double bottom with...
Mind blown: There are two ways in which the current Bitcoin price could have been seen as a price target in the past: $9.50 low on 2012-10-27 connected with $1163.00 high on 2013-11-30: Result $1875.86 $1163.00 high on 2013-11-30 connected with $152.40 low on 2015-01-14: Result $1787.55 Using the $152.40 low from 2015 and applying the 1.618 Fibonacci...
Political tensions between US and Russia and the uncertainty in the Eurozone affected global markets yesterday. Investors were seeking long positions on safe havens such as Gold and the Japanese Yen. Gold was up $17 yesterday, it has now touched the 1.618 Fib level of the December to January 2017 rally.It acted as a nice resistance and I see the metal correcting...
Hi guys, today i want to bring you my view of gold. It's been in a recent uptrend and it's creating new highs but i think this could be a bigger retracement of the downtrend in the big picture (weekly). By using a simple AB=CD harmonic pattern and two Fibonacci levels i've managed to create a small reversal zone where price actually is right now. Here we have two...
Hi guys, today i want to bring you my view of gold. It's been in a recent uptrend and it's creating new highs but i think this could be a bigger retracement of the downtrend in the big picture (weekly). By using a simple AB=CD harmonic pattern and two Fibonacci levels i've managed to create a small reversal zone where price actually is right now. Here we have two...
Hi guys, this is the AUDUSD 4hr chart and i've been waiting for this AB=CD to complete for a long time, now the moment has come. We have an AB=CD pattern completing right at a previous daily structure level, with some Fibonacci confluence and a nice RSI divergence. If price shows us some buy signal it would be a good chance to go long and make some profit, risk to...
Hi guys, this is the AUDUSD 4hr chart and i've been waiting for this AB=CD to complete for a long time, now the moment has come. We have an AB=CD pattern completing right at a previous daily structure level, with some Fibonacci confluence and a nice RSI divergence. If price shows us some buy signal it would be a good chance to go long and make some profit, risk to...
Hey guys, after missing the shorting opportunity on this pair yesterday price is now back to the bottom of the chart, testing the daily structure i've drawn (yellow box). A bat pattern is completing right there and it's in confluence with an AB=CD 1,618 pattern. Also, we have some nice clues on the RSI, that's in divergence (both in the daily and 1hr chart) and in...
looking for sell setup. whether from ABCD, 1618, or left structure. just watch price action