This is the extension of the earlier post Another probable setup, looking to the downside
If it complicates, that’s the plan. Too early to forecast, but the post is about the logic of the structure, to understand which waves are worth trading
Fundamentally, it will go if Bitcoin drives the growth. WHAT IS TRICKY WITH THE STRUCTURES WE OBSERVE WITH SEVERAL KEY COINS, IS THAT PRICE MOVES UP ON HOURLY CHARTS WITH OVERLAPS. THIS MAY BREAK INTO TO BULLISH OPTIONS: 1) A LEADIND DIAGONAL (FOLLOWED BY A CORRECTION, WILL DELIVER A NEXT BULLISH STRONG WAVE) 2) A SET OF FIRST WAVES OF DIFFERENT SCALE, THAT WILL...
Hey, This is my Bitcoin view in the longer term. (EW) I zoomed out to get a better perspective where we could be in the larger picture. I was able to get a clear count in the bitcoin log scale chart, which makes me believe we still are in a larger big wave 4 correction. A very complex wave 4 correction but possible as the large wave 2 was pretty simple. What you...
OK Ladies and Gentlemen, Time for a quick update on XRPAUD. It seems we are undergoing a complex correct in the Triangle shown in RED inside wave 2(PINK). From here we have Four scenarios: 1. We are on 5 wave ABCDE pattern(Orange) inside the Red Triangle after which it may go down for Wave 3(PINK). 2. ABC flat correction is over and we are on WX...
We have possibly been in a long flat correction since Feb 2009 with WXY pattern marked above(GREEN). We have not been able to break the red line. Currently in Wave C in Wave XY. From here we can either go for XZ wave and go for triple correction(Green Wave) OR Break the red line and go for a C leg up(BLUE WAVE). Lets see how it goes. This is for education...
LONG short-term to complete the complex correction; 1.4700-1.4860 SHORT medium-term, where intermediate wave (3) concludes its course; 1.39120-1.3425 SHORT medium/long-term, where primary wave 3 completes its course - only valid if the primary impulse is not an A,B,C correction; 1.3625-1.3150 SHORT longer-term, where primary 5 completes the cycle degree...
It looks like we are on a bear flag correction with the potential moving down increasing following the minuette zig-zag ( (a)(b)(c) ) appttern. The correction down to 1.618% FE validates this pattern. The flag structure hints to a duplication of the first corrective leg down as it is dominant, which places the intermediate target for EURAUD near 1.55 It is...
It looks like the corrective minute wave y of the minor motive wave C of the corrective W,X,Y zig-zag pattern has a little more room to move further down. Wave y at 0.888 is also the 50% FR of minor B of the second A,B,C zig-zag at 0.8974 and the minute wave v at the market low of 0.8786. The correction could indeed end higher, near the golden ratio where another...
It looks like intermediate waves W (1.7563) and X (1.85) of the corrective zig-zag pattern have completed their journey. The corrective intermediate wave X wave ended with a complex combination at a round resistance and between the 61.8FR and 78.6FR of the intermediate wave W Intermediate W printed a minor a,b,c that most likely ended the first part of the...
Hello! Here is an idea of a complex correction for BTCUSD. Best to remain very cautious. Happy trading!
re-test wave (A) high at 1.14293? Note: Wave (B) is a zigzag Wave B of (B) is a triangle
Hello Traders, Long anticipation on aus200. I will be honored to have your reflections on my anticipation. Thank you.
USDCAD Trading Bias: Short Technical Strategy: Harmonic Bat + Rising Wedge
Euro looks to be moving in a complex Wave 4 correction, W-X-Y , with the current progression in last stages of Wave X.
Short-term upside is still needed for the audusd complex correction
2018 06 21 - XAUUSD WEEKLY COMPLEX CORRECTION + BULLISH GARTLEY