Hello Traders, The initial perspective I held regarding this pair has been disproven by subsequent market developments. Hence the need for this update. As it stands, given that we don't have a combination, it appears the ABC correction in wave 4 might have been fully formed and we have now seen the smaller degree wave 1 of larger degree wave 5. If this scenario...
We're looking at a bearish corrective pattern. We are in a wave A which can potentially reach 38,2 Fibonacci level. We can expect a minor drop next week before the wave B correction. The wave A is clear impulse pattern waiting for the wave 5 completion.
We're in an impulse phase, we're currently in a 5th wave phase. The wave 5 could be a potential Ending Diagonal pattern.
Double correction formation in the upside direction. We're trading in the last leg (Y) potential A-B-C zig-zag pattern. The long side won't last too long we have to anticipate the price to reach the 78,6 Fibonacci level. Often times waves (w) and (y) are equal we can use that idea to look for wave (y) target which in this case correlates well with Fibonacci level.
We're trading in a wave 5 phase, further sells expected. Wave 5 is always a motive wave(1-2-3-4-5) we already have a 1-2 scenario where we can expect a sell-off as price is trading at 61.8 Fibonacci retracement level.
More sells anticipated on Gold, we are in a double correction on a higher timeframe/ Degree. Potential impulse pattern on a wave (C), we already have a 1-2 sequence.
First bias we are in an A-B-C zigzag correction where waves A and C are equal After wave C we can expect the price to start selling. The second bias we are in an impulse pattern, of which we are in a 3rd wave phase which could be projected to 1.618 Fibonacci extension level. What do you think what's your view? - Zig-Zag correction - Impulse pattern
✅EUR_CAD went down after The breakout of the rising support Just as I predicted in my previous Analysis but then the pair has almost Reached the horizontal support Of 1.4500 from where I think We will see a bullish move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Further upside can be expected from USDCAD but we should wait for a minor correction before considering the long direction as of yet. We can expect a classic A-B-C Zig-Zag correction. The impulse pattern lasted longer than expected, with an extended wave 3 projected to about 2.618 Fibonacci levels.
Hello,Traders! BITCOIN went further down And is now retesting the strong Horizontal support of 24,890$ So I think that we will see A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅EUR_USD made a bullish Rebound from the support Just as I predicted and the pair Has hit the target, but now We are waiting for the retest Of the resistance level of 1.0787 And a subsequent move down Because the pair is in the downtrend SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Elliott Wave Analysis:- Everything was explained in the previous chart. Link was attached below. this is an alternative view for previous chart. final impulse was a doubt. I'm not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor.
SP500 has been bullish most of the year; a trend that can resume after a corrective pullback that is underway now, seen in wave 4 on a daily chart. However, wave 4 should then be made by three waves before correction can come to an end; which is not the case yet, as the recent bounce to 4492-4543 resistance area looks like a corrective wave, ideally wave (B), so...
currently the situation oversold.we can see it on the RSI.but EURCHF had broken the trend line 4H so in that point .this pair will do a short term buy correction and it will fall again.
We're in a bullish sequence on USDZAR, we're in a wave 3 phase which will unfold as an impulse wave. USDZAR will most likely trade bullish based on inverse correlation where XXXUSD trades on the bearish side. We can expect a minor pullback which may result in a significant buy very soon.
3M Company with ticker MMM has been trading bearish for the past 5 years, actually since the beginning of 2018, where we see a completed higher degree wave III. The wave structure from 2018 highs is in three waves A-B-C, which indicates for a higher degree wave IV correction. We can now see it sitting at interesting 90 support area, especially if we consider...
Chart 4H TF FX:EURUSD is soaring to resistance around 1.095 Before EUR/USD confirm a bullish trend, it's a challenge by descending trend line Wait for next move
Previous Idea on Daily Chart Chart 4H TF Bitcoin has surged resistance and it's correcting now. Bitcoin's trading at 27,266.xx BINANCE:BTCUSDT has the support around 26,700 so I expect bitcoin will bounce back from this support Wait for next move