There are two options for EURJPY at the moment. There is a formation on the daily time frame which is at the top of wave 4 and could see a really big move down to complete wave 5. Then there is the possibility that this structure will break to the upside now and that the corrective structure on the daily time frame will either change for a larger move down or will...
There is a big down trend on EURCHF larger time frame and we are currently watching the formation of this corrective structure before the break for more downside. Two options exist here. The break could happen now or alternatively we will see the formation of a 5th wave before the break. I will be watching smaller time frames for direction and entry...
From the completion of the late January to mid-March A-B-C correction until present IWM seems to be in a classic impulsive 5 wave bullish formation with the fifth and final wave already in progress. If we operate on the standard premise that the fifth wave will most likely be equal to length to the first (displayed by two vertical rectangular shaded boxes) then...
This one is a beauty. It is on a wave 5 of a 5 wave. So I would expect a 3 wave correction to correct this 5 wave retracing it 50-62%.... Look for some overlapping price action to get proper entry. I see a lot of evidence for dollar retracement. The DXY can really come down from anywhere, but I am looking for ending diagonals on Uzar and Ucad for potential perfect...
Hello again, been busy with my final exam, sorry if i can't update fastly. It was good trading here, how about you? do you follow my R:R strategy? :D As BTC can't clearly break the zone i made past few days ago, i been laddering my sell. Boom! it was 7-9% profit since the last low in 7k! Now, we will ride the wave to 7k one more time to complete this 5th...
BTC has been building tension for over a week within its large consolidation pattern, and has only just broken for the upside. Already and almost immediately, we are seeing cautious posts about a potential double top and drop, which is reasonable considering BTC did not get the major pullback many were expecting. However, considering the size of this consolidation...
While I have been bearish lately I felt it would only be prudent to look at the bullish side. On the TA I have a 5th wave failure which is rare but it was the one way I felt fit the scenario.
Zoom in for a more detailed perspective. From my (amateur) research I have seem to come across a fifth wave extension of a fifth wave extension in Tron $TRX. I believe this because when you check the BB (Bollinger Bands) the 2nd and 4th waves in the primary wave cross by the middle support line on the hourly charts, but, as it reached my previous target resistance...
BTCUD Hey Guys, I was Wrong really wrong thinking that btc was heading for its 5th Wave NOTSSSSSSSS Guys, BTC is going to crash real hard In the next few days ! It does take longer than I expected. Will it crash harder than I expected ? I could see it going to the 4700 area OR 3000 area but not further down. We have to be expecting the end of the world in the...
I've been watching the $11,800 level for a few days now as it's a VERY strong resistance point. I'm now seeing a rising wedge that, to me, indicates a truncated 5th wave and a retraction between $10,500-$10,800 before we bounce for the 5th wave up. Short term - I'm bearish and planning on shorting down to $10,800 then I'll flip to a long position to...
Reasons for buy: -Triangle forming-watch for breakout -bullish divergence macd
We have possible buy signal: end of short/mid term 5 wave pattern bullish divergence macd
Buy signal: -5 wave pattern end -Bounce from 0.71 Fibonacci line -Dont be greedy :)
BTC Has confirm his 5th wave YESSS I strongly suggest you guys to wait before buying some more BTC or ANY other coins. The reason is simple... BTC Drops... And we see Blood everywhere... Please go and see my BTCUSD chart (link Below) to understand What is coming in the near future OR If you want more info, update on BTC or any other Alt Coin Join me on...
EA did that running triangle I talked about, broke the high, but then did a flat pattern. Those green lines were my original targets. That box is equal length to wave 1 which would be the 1.59000 level exactly. Come on guys, watch the videos so you can fully understand my analysis, and not miss trades. The entry on this and GN should have been earlier, but looks...
Target is 0.00003000 RSI looks nice. Moving Averages are being support line. Good entry point.
Please reference Chart. 1. The current CND channel, marked in purple, shows the potential for completion of Elliot 5 Wave which states that price action travels using a 5-point wave followed by a 3-point correction. This would leave CND with one more wave back to the top of the channel at about 1550sats, and would then experience a 3-wave corrective move. The...