On the 4h chart of NZDUSD, we see a nice looking structure from 0.6235 area, from where price took off. We are now tracking black wave three, that could be in final stages, as we already see a five wave structure from 0.62878 area. That said we may see a temporary pull-back in black wave iv, that may go to the area of previous blue wave 4-circled, where price...
USDTRY broke once again to the upside, but this time out of a triangle as shown on 4h chart so looks like that pair is in late stages of current recovery from July lows. Keep in mind that triangle occurs prior to the final move within a larger trend, so we think that upside is limited and that reversal can follow to the downside from current 3.0000-3.1000...
Week of 4th of June 2012 signals the dawn of uptrend with RSI making a new high at the level which will prove to play in important level. Week of 13th of August brought first correction of uptrend to about 0.764 from 17$. Week of 8th of April 2013 brought the next top of approx. 250$ before a 14 weeks correction to again cca. 0.764. Week of 25th of November...
The last few weeks have broken my main idea and was need a time for understand what are happening and what will next. Anyway, now wave count are looking more clearly than before, although I miss a good trend. I remarked waves and now I think this pair are doing wave (c) of ((2)) . There wave 3 looks almost end and I wait a small decline to wave 4 which...
A current wave count this pair and DXY show that the market will have a significant decline. The 15th on May EURUSD did a wave (4) at1.1465 and after that have fallen down in wave (5) with first target at 0.94 Current wave count looks like a sequence one-two waves. It is meant that the market will down to wave three (Wave ((iii)) ) with significant...
In previous idea I in details showed why this pair will fall down. What next? I think this pair have bearish trend with targets until to 0.95 Now this pair have a two count. My main scenario is that have ended wave 1 and will do a wave 2 in next several days to area 1.12-1.127 (50-61% of Fibo) with subsequent fall in wave 3 with a first target area nearly...
I am still looking for short position in this pair. Wave count show that movement from 0.80745 looks like a impulse wave (this count in related ideas) and have ended. Now the pair are doing a correction wave: now it is looking like a zigzag (I will show a detail structure I will show at 30M chart later in comments). In typical retracement for wave 2 it is a...
An update of an older chart, changed a bit the cycles to integrate better in the chart structure and fib channel ratios. More about the chart can be read here The range of the cycle we are in now looks much more similar with the previous ones now and clearer with its downtrend line. If it gets broken, then this is not valid anymore. Good short oportunity in this...
My previous scenario broken today after breakthrough the top line of triangle. Now I see another 2 main ways to move: Main scenario The rise from 0.7682 it is a wave b in extended flat correction. The pair now have a few key point, which indicate to me that this rise have completed and why I have marked today hight as wave b : a. RSI divergence b. MACD...
This pair have a clearly structure. The rise from 0.75322 to 0.78416 I marked as a regular flat 3-3-5: (a) (b) (c) count. I market this flat as w , because from the level 0.75322 we got a significant low level for this pair. I think we complete impulse wave (iii) from 0.89 and this pair must have a significant correction. Because of this the next wave that I'm...
After a new low at the end of bear cycle, market corrects in 2 waves to 61.8% from the previous bearish cycle. The bearish cycle in this chart begins after 3 requirements are fullfilled: 1. Break the bullish trendline of the correction from previous bear cycle 2. Break down the last month's daily EMA so that it becomes resistance 3. RSI breaks solidly the 40...
Check this out guys ! the mean for this cycle is around 608. thats where the triangle is closing. also price rendered around the same area above and bellow the mean. also price fell bellow the mean exactly at the halftime of the triangle ! isn't this stuff fascinating :O alltogether this "means" xD that something big is going to happen on or maybe before the 9th...