just my observations on a potential positive movement i see in the next 2 weeks or so. 30 min in depth view ___________________________________________________________________________ with slight adjustments:
SW1 has spent a full year correcting a 5 wave upward move (larger wave 1) from 14c to 60c with a typical A-B-C Corrective pattern subdivided into a basic 5-3-5 move. Furthermore, the corrective larger wave 2 has retraced 76% of larger wave 1. We are now poised to start larger wave 3. Wave 3 typically is the largest move in a normal 5 wave sequence and usually...
Good morning traders, GBPJPY is moving sharply to the upside and even accelerating above 146.00 that we see now as ongoing five wave move within wave C. As such, there is a room for 149.00 where three wave corrective recovery from August low can come to an end. That said, at the moment we see sub-wave iv of C looking for support, ideally near the Fibonacci ratio...
It is very likely that BNB is having a corrective retrace before heading down from C into my buy zone D.
Considering that Gold did a 3 wave "W" and then followed it with a 5 wave "A" , I am looking for a 3 wave correction (doesn't mean it can't be in the form of a zig zag instead of flat). However the fibs are looking like we will get a W-X-Y pattern playing out.
EA looks to have produced a sell setup. I would think we might get a trend line break. It is coming off the 50% retrace. You see the .618. I would think we would get a larger structured correction if it is gonna go down more. We have what looks to be a "W", so I would be looking for an X. If it hits that first zone, we may get a quick 5 wave up to the .618 when...
Price Bounced off FX:GBPAUD 1.75920 (61.8 Fib - a nice weekly and daily level. Looking for a corrective move to the upside to about 1.7900 before a continuation to the downside. First post, been getting some great ideas from the community thought to share some of mine. Let me know your thoughts
FX:EURUSD Is still in a bearish trend. According to the Elliot Wave theory there is a corrective wave forming right now. Will expect the market to retrace a bit before its going to start a new bearish trend. You can wait with entering your trade, keep a look out for the pivot points.
Been a while since i used log scale however started reviewing charts with it. Im sure its on everyones mind including myself whether this BTC has finshed its corrective structure or not. No matter how good your analysis is, nothing is perfect so we look for other ways to reassess our analysis. Givem the recent moves in crypto space, some coins 1x2x3 etc of their...
Expect some activity above the trend line - basically becomes a bull trap. Bulls buy expecting BIG profits, only to have their dreams dashed. New Short oppportunity. Riaan
Ncad appears to be producing a buy setup. The sell long term (on the weekly) is what you want. Cad is looking like it may retrace. Should Ncad continue to breakout and continue to produce buy setups we may get something that goes all the way up and breaks the high and possibly breaks trend line. Remember that it never reached. I believe it completed a corrective...
Look to take the break of this structure to low/ trend line
Bitcoin has been following an ascending channel since the beginning of 2017, and price action has been keen to respect the limits of this pattern every time it has reached the upper or the lower limit. Now that we reached the upper limit of the channel a couple days ago, which price heavily tested, a correction is likely to take place towards the supply demand...
Hello traders! At this moment bitcoin is in a corrective structure. We had the 5th wave up (and possible the last wave UP) in the Elliott wave analysis. We don't have a buy setup right now. It's possible to start a bigger correction. Be patient and wait to see how price action develops. Follow me for future updates. TRADE WITH NO EMOTIONS!
Strong reversal pattern here to retrace current bull wave back to subwave 4 support in two corrective waves. The ending diagonal is very accurate and the overshoot is now being reversed. We've seen Sinewave plotting a bull break signal but the prices never managed to break up the target line and that was the limit not to cross. This false breakout is very likely...
Three bigger waves and its 3rd wave as five small waves (like triangle pattern) have finished. I am expecting this pair to fall. --Trade your own idea
weekly time frame showing momentum off of weak corrective move signaling strength daily time frame nice gap up to new 50 day high to continue trend on positive volume pressure long term hold
Seems XAUUSD reached the 0.618 retracement of the previous wave down on the daily. Possible corrective structure forming therefore we should be up to a short. Possible target 1205.