Hi Folks, Sandbox/ USDT I learned so much because this pair in the crypto lately.. 4 hour chart. What do you think about the Elliot wave theory.. What I see is the 5-3 pattern. I see 5 impulse moves up and then 3 corrective down. And in this 3 corrective moves I see the 3-3-5 subdivision moves. The question is will this be a Regular flat correction or an...
The Fiber has just completed a 12345 impulsive long move and a bigger335 running flat correction on the daily. Divergence was identified on the daily timeframe and a breakout of structure on the 1hr time frame. At this point EURUSD is ready to start a new WAVE 3 impulsive move on the weekly timeframe . SL @1.17585 and 1st TP @1.22581 NB: Do not risk more than 1%...
PLAF SAFE.. BIG CORRECTION AHEAD FOR BANK NIFTY...
GOOD DAY TRADERS, WHAT DO YOU THINK WILL BE THE WAVE 5 FIBONACCI RATIO
I am expecting the loonie to rise to 1.3500 region 1ith my invalidation evel to be below wave B as sown on the chart. This trade has a high reward with minimum risk. Thank you for liking and sharing your comment.
A little updates, I see that USD/JPY is trap into this bearish rising wedge and the price it's comming to explode to bear scenario, so, from Monday I keep my posiiton in short, don't closed this position and be patience, this is an elliot wave # 4. The price is into too in the descedent triangle into the bearish rising wedge and a strong resistance mark in clear green.
Testing Elliot Wave. What do you guys see?
GBPJPY's chart above shows the corrective move that started from wave (v) high. The sharp decline can be seen as a five-wave impulse in wave (a) which means the impending correction will most likely be a zigzag. Price has since then moved in a sideway and seems to have completed a double three complex correction in wave (b). To complete the zigzag pattern a...
AUDUSD is approaching the completion of a five-wave pattern after breaking out of a major corrective structure. Once a five-wave pattern is completed, a three-wave in opposite direction should follow according to Elliot Wave theory. That's AUDUSD should find a bottom soon and at least we should see a three-wave move higher in the weeks ahead.
Bearish bat on GJ is still valid. The support zone was created by a huge gap at Britains exit polls hours before the actual results were announced. The actual came out better. Unless by some miracle there is no empirical evidence on the fundamentals that gives a bullish Pound-Yen beyond this point. Elliot wave analysis is consistent with this view. The 1 leg is...
NOT SO FAST MY DEAREST TEA DRINKER ! As you can see, my magical arrow that is so not magical, is magically pointing up to the upside (We call this a retracement btw, or something.....) I don't expect the price to go too high... BUT A POSSIBILITIES NONETHELESS ! . . . . . . Now, since we already established that GBPUSD gonna fall. We need to know where its gonna...
I am looking for a sell off in Gold to around the 1420 price area. The sideways movement that have been underway since November 12 seems to be corrective, a impulse to the downside is expected
GBP/USD is completing a triangle corrective structure in wave 4. I am looking for a impulsive move to the upside to complete the 5 wave move
I am looking for a huge sell on Oil. The price action that started on November 29th seems to be corrective. We can expect another big sell off similar to the 300 tick drop that happened on November 29th
The move up in Gold that started on November 12th seems to be a corrective structure. I identify it as a (3-3-5) Flat pattern, the move is also contained within parallel lines. I am looking for a huge sell off to around the 1413 area. If price break out of the parallel lines impulsively to the upside then this analysis would prove to be invalid
If you look at my analysis from November 25th which is linked below you can see that I forecasted a big sell off in Oil. The sell off I was anticipating have began, now I am looking for the trend to continue to the downside. Before that happen I will not be surprised to see a bigger corrective structure to form which may retest resistance around 57.19. It may not...
I am looking for a Bullish impulsive wave causing price to retest resistance around 1478
Gold have been in a corrective structure since September of this year moving lower. I believe we are in a complex corrective structure and we are going to get another push lower in wave Y of the complex structure