Well, after the impulse up, and the correction we are actually in, will this be the time to get another impulse up? This is how i will manage this trade: I will take a small position here, at .618, and set a tight stop of 20-30 pips. in case this pair starts to go up from here, i might add when it breaks the first trend line (grey) and then look if it goes out of...
We are in corrective structure after a 5 wave move up on USDJPY. We seems to be in the latter stages of an end to the correction. Overall a breakout to the upside is expected. Remember this is a Daily chart, so it may be sometime before it pans out. Price zone to note is 119.50 - 119.00. Price action in thhis zone would give clues about what possible correction...
previously ive posted a weekly chart (which i invite you to see) of audchf, with the idea of a corrective move up, after a big decline. So i went long on the 0.5 fib llevel of the first move up (wave A) , you can see also divergence in rs, this could be a good entry point. Thank you for reading Have a nice day.
We are tracking a correction against previous five wave movement. That is a three wave pattern, a-b-c move with current wave c in final stages. Support can be found around 7500-7350 area. www.ew-forecast.com
If we are in wave C, The price(1.166-1.18) and time(2015-09-14) area is very important. So I put the possible MACD is drawn in the chart. If an option as shown in the chart, the point C is a good short point.
Tesla, aka the "stock of 2014" looks like its wild drive might be coming to a temporary end. As much as I love this company, I see us at a temporary top, and I am looking for a shorting opportunity in the 265-275 zone. Wave properties since March suggest we are in a corrective ABC flat, and are close to the B "top". Other indicators such as RSI and declining...
We might see an attempt to fill the gap here after a poor ER, but in the next few months, we should continue to fall overall. It appears we are on a corrective C wave down, and if A=C, then we could go as low as 245. Wave 4 also ends right in that area, but to be safe, my target range is between 250 and 270. Good luck
In this chart i have contrasted 2 ways to count the recent gold's decline. In blue there is the wave count expressed by the EWI, that went open public in a video released the last week. In black is my view of the wave count (I hold from at least since year or so that this decline have a very significant 3)rd wave extension) Both wave counts have the their's weak...