On EURJPY, price has invalidated our previous analysis by almost reaching the top of the A-corrective wave, so here are our 2 possible scenarios: 1. Up then Down: Price can reach the resistance (130) then dive downward and break the down trendline. 2. Wave Respect: Price can still validate our previous analysis if the A-wave isn't reached by the B-wave and...
in the making 3rd wave (impulse) or C wave (corrective) TP1 0.695 Tp2 0.900
We might be in a big corrective up move that could be the last part of a C wave (other 5waves up, after a 5, 3 series), inside a B wave (in the bigger count).
If we are correcting inside an expanding wedge, preparing for the 5th wave we might looking long for the inner C around 24.900 and then short all the way down deeply below 23.
This TA is based on the elliott wave pattern. What do you think about this?
Btc looks to be consolidating correctively but looks like there is opportunity for a c wave to get up to 12.5-12.7
USD/CAD will inevitably trade higher. Dips in USDCAD sub-1.40 are false shorts USDCAD longer term targets of 1.4650 C WAVE INDICATOR ON 12H TIMEFRAME SHOWING SIGNS OF STRENGTHENING TREND
Kiwi trading at the top of the monthly range and starting to show signs of decline. Coronavirus risks keep weighing on the market’s trading sentiment. Further downside could be restricted by a 200-HMA level of 0.6005. C WAVE indicator showing short trend forming on the 12 hour timeframe.
If we apply Elliot Wave theory along to fib extension to the daily S&P 500 chart, we may see a C wave reaching new lows around the $1600s mid 2020.
For context please note we are dealing with weekly candlesticks here, I'm pointing that out b/c people are used to seeing shorter time frames and I don't want anyone to be confused. Overall I think we are in the beginning stages of a large degree C-wave in an ABC correction. I am neutral on the Russell as of now b/c I think we need a smaller degree B-wave up in...
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Although it took a bit longer than i expected, bitcoin's C wave down has started. It should bounce around here for a few days below $8600 in wave 2. The next event in bitcoin will be a collapse to the 5000 area and then a Wave 2 retrace, rinse repeat until all the weak hands are washed out. Crypto winter is here.
Nasdaq/spx/dow is setting up a C wave rally. More volatility ahead before the end of the larger 4th wave.
ALLY I like the future of this company and stock, but for now it needs to complete its healthy correction pattern to prep for a next leg up. Looking for mid-28's in this apparent C-Wave. WIll seek entry around that level for a long term hold stock portfolio. Happy hunting and GLTA!!
Tomorrow being the end of the week and month is a different story