this is a double zigzag pattern. wait until the wave "i" to be completed, after that new uptrend rally will begin also you can follow our analysis in free telegram channel for invite link just let me know happy trading
Looks like a double zigzag (W)-(X)-(Y) correction could be a possible resolution for Nikkie 225
FX:USDJPY Hi guys I wrote Fibo proportions and wave's caculation above in the chart I placed a buy limit order at 110.400 with SL 110.150 TP 112.500 This is high ranking trade for me, cause too many Fibo levels are showing reversal point exactly there and Harmonic pattern gonna appear at the end of Elliott's correction
Stop Lost @ 31 Oct 2018 low..P/S There was ONLY 3 subwave ( abc ) inside any Impulsive 1,3,5 wave instead of 5....... Use your preferred mechanical system for your entry confirmation ...enter from lower Time Frame than the chart setup .. E.g ADX . . DM crossover etc... STOP LOST will be previous swing point after the entry signal generated by the mechanical system.
Since the short-term structure remains bearish, I am incline to wait for a selling opportunity to pop up
I came up with three counts all lead to bearish potential a red impulse followed by a triangle correction a red impulse followed by a blue combination (w)-(x)-(y) where wave (y) is a triangle a red impulse followed by an orange double zigzag (w)-(x)-(y) correction, where wave (x) is a triangle a solid close below red wave (d) low at 0.73482 would...
Another wave Z rally or fall to a new low? A solid close below previous wave X low at 8.4238 would probably suggest more downside potential
The Elliott Wave W-X-Y structure indicates a bullish potential Guppy Multiple EMA also shows bullish signal Price has moved above the blue downward trendline and has been forming some sort of bullish flag shape since then
If the above double zigzag WXY is the end of larger degree wave (2) or (B), a wave (3) or (C) rally should appear very soon. Note equality in length between wave X and Y recent low near 61.8% Fibonacci level break above 609.21 could signal further upside potential at least for the short-term
If the blue wave count is correct, another new high is not so far away alternatively, complex sub wave e is also possible OR sub wave d is still unfolding (although less likely)
After a bullish Trend on Daily we are now in correction. So we are bearish in 4hour chart. I think it´s Daily C Wave that just started after a double ZigZag
Bitcoin is in a pretty clear double zig-zag (5-3-5) correction since the ATH. We are currently in the 3rd segment of the last 5-wave portion of the correction. The optimistic look is that we might be forming an ending diagonal/descending wedge here with a range squeezed between the green lines. This pattern is likely to hold because near where the price is going...
This stock has been moving sideways since it topped at 26.97 in November last year it is possible to count the corrective pattern as double zigzag w-x-y if the next move is lower degree 1 & 2 then we have a bull nest in the making
Traders, Natural Gas has bounced from $1.574 since 03.10.2016 and developed into a five-wave sequence terminating at $3.846 exactly where fib price measurements were converging, highlighting the end of the impulsive wave. Measuring the internal waves of this sequence, it turns out that its fifth wave is extended. That can be confirmed even from the ensuing (a) –...
Traders, NZDUSD has been in a correction since 10.27.2017 starting the corrective structure from 0.68182 which is where Fib price ratios confluence were pointing, giving us the end of third (iii) motive wave. So far, having completed unfolding into a Zig-Zag labeled in minuette degree, a. - b. - c. , the corrective nature was still present, and so after making a...