Is EURUSD due for some major correction. As the pair already complete the 5 wave count and already break bullish parallel channel. Now the pair is ready for major correction.
What I see! Looking for Impulse down. UsdCad completed wave 1,2,3,4, & 5 now its waiting to move down to complete wave abc. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you/ give better knowledge. If you have any question ask me in comments. Learn & Earn!
The 5 th wave fall on 3rd Nov'22 had not moved down the index significantly. hence we must recall the wave count that ,the correction (5 wave downfall ) is completed in the form of a neutral triangle abcde. Provided the low of 3rd Nov'22 (3698) respected(should not break). If this is so, until 11th Nov, all 5 waves of Expanding triangle A,B,C,D,E has been...
This is an Update/Reminder of a Previous Similar Bearish Idea I had on $TSLA before the stock split. I'v felt that it is necessary to post a fresh updated readjusted chart to account for the post-split price action. If you want to compare this chart with the original chart check the Related Ideas Section Below. $TSLA as we look at it today continues to Bearishly...
After a 5 wave decline ,we are in recovery wave (B) which has the potential to lift the index to 4422, watch todays price action and trade accordingly,
We are at the PCZ of Logscale Gartley and what could be a massive double bottom formation that could take us back up between the levels of $2 and $4 so long as we hold the zone between the Logscale .786 and .886 Retrace
TSLA has had 5 waves upwards and within these waves has formed somewhat of a Logscale AB=CD Harmonic Pattern. The minimum targets for these AB=CD patterns are typically back down to the C level which in the case for TSLA should take us down to around $38.60. As far as the Technicals go we have the MACD beginning to curl down and will be crossing bearish soon and...
Hello traders, if history repeats itself with waves 1 & 2 we will end up at $42,999 for wave 3 before heading to $44,666 to complete wave 4 before the last wave 5 down to approximately $41,555. Next update will be when I'm flipping long. Please like/comment to show your support for my daily technical analysis and updates. 👍
After an ABC correction Amazon finished wave 2 at the 61.8 retracement. Amazon broke the wave 1 high and confirmed further bullish price action: Minimum target for this impulse is around 3800. Main target between 161.8% & 176% extension. From there i expect a corrective movement (wave 4) before we can aim for prices above 4000!
gbp usd in fourth correction wave. we expect retrace to 0.38% or 50% than rise again in fifth wave . it has been following wave principle very well
I AM SEEING MANY WAVE COUNTS PREDICTING AN INCOMING 5TH WAVE! FROM MY COUNT HOWEVER THIS IMPULSIVE MOVE HAS ENDED! WAS THE CORRECTION TO 3148.33$ PART (A) OF AN (ABC) CORRECTION? PERHAPS A (WXY) RUNNING FLAT? IS THIS THE THIRD WAVE OF AN IMPULSIVE MOVE DOWN? STAY TUNED :)
well guys BTC seems not completed its 5waves uptrend yet. so if the chart I draw is validate the last wave (5) should act like that after the last ABC correction(the green one) done at the red box area. I am waiting to see if it is true . let me know if U agree or disagree. wish the best luck :)
There are two new CME gaps and BTC appears to be finishing the fifth impulse wave before an ABC correction. This makes sense since the correction would fill both CME gaps (BTC like to fill CME gaps pretty quickly after they are made before taking off again). If there is a strong rejection around were we are now I will consider an ABC correction is in play at...
I think we are on a possible reversal zone. BTC is testing the neckline + fib retracement 0.50. Also if we stay above the neckline we can start a new wave. If wave 4 remains outside wave 1 teritory then we might go up and retest the last higher high.
USDJPY has continuously been supplied by 105.000 for quite sometime now, every bounce that has came from 105.000 has produced a Lower High in price. The 109.709 level is the high close of 2019, and has consistently held price below. I believe this big bullish push back into the high this week could be a very big "Fakeout". **Multiple Confluence levels** 5 Wave...
EURUSD could move a tad higher to complete minor wave 4 near 1.1145 before continuing lower. The said level is the 1.618% FE of wave 1/2 correction and also the 50% FR of minor waves 2/3. Look for a valid breakout below 1.099 for medium-terms shorts but keep a cautious eye on short-term longs as the correction could end soon. Should prices move above 1.1194 it...