XAGUSD
I spotted the AB=CD correction pattern on the Silver chart and built out this idea around it. I will post some more images in the comments which give more context, but essentially it seems that we are about to being wave 3 of 3 (a powerful impulse wave) in a bullish wave cycle. This wave cycle seems to be moving away from a long-term low, so could end up ...
The correction looks like a regular flat, looking at the 1H chart there is divergence between the third and fifth waves on the latest move up. Price is also sitting nicely on the 50% fib retracement, I'll be waiting for a break of the orange trendline before entering the trade.
Hi
GBPUSD ,, I do like to continue from my previous analysis .
It is Ending Diagonal in ABC .
now we are dealing with C in 12345 .
Now the Details of C :::
4th Leg seems ,,it will end up at Fibo 38.2 or at Fibo 0.5 Level .
( I wont Recommend Scalping type of short at this moment )
Last Leg 5 of C :::
It is Long From 1.3325 Till 1.3850
Please take your time ...
Hi
At this moment we are in Corrective wave 4 (Red) ,,, Formation ABC
Where C is near to complete .
After completing C we will be in Last wave 5 Red Long .
In My opinion following Trade should be taken ::::
Short :::: Monday London open Till 1.1670
Long :::: From 1.1670 Till 1.2280/1.2300
Best Regards
Elliot Wave By mazchaudhry
Hi to All !!!
First thing First ::: I am only available at week ends for analysis n ideas posting ,,,, Rest of the Week i am busy at B Options . I will try my best that my analysis could last for 1 or 2 weeks at least . Have a nice day .
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At DXY Dollar index Corrective wave 4 is in Progress Formation us as ...
B Wave in abcde was over at 139.00 level .
Now We are in Main Wave C ,,,Pattern is 12345
We are some where in middle of 3
My Recommended Trades :
1::: From Current Price Long Till 1.4740
2::: Short 1.4740 Till 1.4625
3:: Long 1.4625 Till 1.4760
With this we will end up the extension of sub wave 3
I will update chart after this movement is over .
Thanks for ...
I am still waiting for C leg of B ,,Before another Drop C(main) to complete correction .
Following Trade Recommendation at moment :::
Trade 1 ::: Long at Current Price till 0.8060 ( fibo 50 )
Trade 2 ::: Short at 0.8060 till 0.7980 ( Previous Resistance )
Trade 3 ::: Long From 0.7980 till 0.8160 .
Many Happy n Green Pips for my followers .
Elliot Wave By ...
C leg of local correction is still missing .
It should be completed before another Drop .
C leg should be considered completed at Resistance of previous ( iv ) 1.2240
or
at Fibo 38.2 Price 1.2280 .
Lets see how the market follows my wave pattern .
Next will be a nice drop till 1.2020 /1.1980 .
Regards
Elliot Wave By mazchaudhry
GBPUSD is following my chart quite freely n with out any issues .
It will hit the main reversal area in few days from now.
At this moment ,, In my opinion :::
Cable need one smaller correction to push itself to higher area of 1.34000 price level .
Please check chart .
Have a nice day .
Elliot Wave By mazchaudhry
Continued from previous analysis .
I am Doing this in brief explanation for my followers .
Due to correction ,,You can Scalp it in between ABC .
I m Short Till 1320 .
Self explaining Chart .
Elliot Wave By mazchaudhry
Checking wave count of EURUSD on H1 Chart in Ending Diagonal .
I m Long from 1.1970 Till Previous High or 1.2125 ....
Chart is self explaining .
No other wave fit here at this moment .
Or I m unable to fit any other count here .
My best wishes n Regards to all of my followers .
Elliot Wave by mazchaudhry
Using Fibonacci extension of 1.61 from the pull back after the last high. You can see that Fibonacci works well for bitcoin as I have the retracement on there to predict an accurate reversal point. The Elliot Wave theory also seems to show that there is more to come from the current impulse wave.
Hi traders,
SILVER is about to complete a bullish Shark pattern. This is an excellent opportunity with a great risk reward ratio.
I am expecting an up move at buy area #1 or buy area #2
I am expecting price to bounce at 15.90's or the buy area 2 at 15.20's area. Currently the potential shark has completed the C leg, and now is travelling to the D leg to ...
Hi traders,
COPPER looks good for downside. Keep an eye on this one for an entry. I suspect that price will hit the 3 wave move to the lows.
I am expecting price to break down, in the form of a 3 wave minor move. There is a chance price will move higher before the move down starts, but with a tested trading strategy you should have no problem finding the entry ...
End of elliot wave formation, trend is going to reverse (short term) heading down to lower fib retracement 78.6%.
Technical analysis can be confirmed by fundamental analysis if there are no surprise with the USD ISM and USD FOMC rate decisions.
