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.
As of right now, SolarCity looks like its in a massive flag on the weekly. Its hard to count EW with an equity that has only been around since 2013, but I'm going to go long soon, and see if this flag plays out. I have a triangle target of around 87, but it will become more accurate to measure from when (if) this e wave completes its down turn, and bends up. Im...
So today i decided to look at some more stocks; and here we see TJX inc. This company owns TJMaxx Marshalls and HomeGoods in The US. In their charts we see a forming cypher pattern with the C point resting around $70 a share. Now usually i wouldn't want to trade this over this long of a term , but i have a few things going for me here. The first is a dense...
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...
I have been wrong many times before with NBG, so who knows. But i really feel strong about this chart. Heavily oversold on the RSI, and we have a double bottom of what looks like a pretty clear corrective flat. Another signal of a bottom is the large volume spike we had yesterday, and we have retraced 100% of wave A. In Elliott terms, an alternative could be...