For those who are calling this recent pump the beginning of a Bart formation, you need to see you this.
USD/SGD could be in a huge down trend, or it will correct and give us one more up to the .618 for last 3 wave move meaning we get a correction in the middle. watch the 200MA on 4hr/ 800MA on 1hr as a potential reaction point for larger corrective structure, or a flag to continue down.
E breaks, price reverses, if not in, catch wave 2 retrace. can potentially even go down to break the low and continue downtrend, but take profit on wave 3 and see.
In monthly frame, we can see negative divergence and ending diagonal on RSI. BTC is not good for the near future.
"While volume tends to diminish as a diagonal of small degree progresses, the pattern always ends with a spike of relatively high volume when throw-over occurs." "A rising ending diagonal is usually followed by a sharp decline retracing at least back to the level where it began (4) and typically much further." Elliott Wave Principle Frost and Prechter \ BITFINEX:BTCUSD
The way GA broke the high basically creating a 3 wave with an ending diagonal makes me think it may create a large flat pattern here possibly. It has potential to go down much further. It did already create a flag and technically did already complete a correction. It almost looks as though it is making a buy setup right now to extend this flag further, but may not...
Ending diagonals are signaling a trend reversal. I wouldn't believe that PRO and TOP players %200, %300 anticipations for a while if I were you! Take caution. goo.gl
I think it does not needs description. We will see if bounces in the trend line or the price does my prevision. ------------- Creo que no hace falta descripción. Vamos a ver si rebota en la tendencia o hace lo previsto.
There's 2 options for GBUSD. First, if the price bounces on the trend line, I'll buy because it has formed an ABC Diagonal. The second option, if the price breaks the trend line, I'll wait the confirmation to enter in short because it has formed an Ending Channel too. --------------- Hay 2 opciones probables para GBPUSD. La primera, si rebota en la linea de...
BTC APPEARS TO HAVE FORMED AT THIS POINT A DESCENDING TRIANGLE AND IS LIKELY TO HAVE ENDED THE WORST OF THE CORRECTION UPON BREAKING OUT OF THE TRIANGLE. 8727 RANGE IS THE MOST LIKELY PRICE LEVEL FOR SUPPORT TO RESULT IN AN TREND REVERSAL.
Traders, EURAUD has gone "too far too fast", so as for an Ending Diagonal to be in play with its fifth wave ending in a "throw over". Price broke the ii.- v. line with a sharp spike, and started correcting, unfolding into a Zig-Zag labeled in minuette degree, a. - b. - c. Looking for further drop, after price reach possible reversal zones at 1.57000(+/-) where...
Bund is trading quite slow, choppy and overlapping since September of last year which gives us an idea that a bigger Elliott Wave triangle correction within wave 4 consolidation is in the making. If that is the case, then more slow price action may follow on Bund and ideally afterwards make a new recovery into black wave 5 as part of a higher degree Elliott...
S&P500 can be trading in late stages of a wave c), final wave that is part of a three wave correction. As we can see current wave c is displaying qualities of an ending diagonal, which means a sharp and sudden drop lower could be in for the stock. Break of 2379 can cause and confirm a sell-off. An ending diagonal is a special type of pattern that occurs at times...
Goldmans Sachs had a great really from November 2016 until now. The chart is moving sideways now and shows singular sell signals . The investors are less modifying their $GS positions. They make themselves ready to close their position. The sideways chart shows irresoluteness about their actions.
NZDUSD is in a strong downtrend for the last few weeks, which is expected to continue soon if we consider a five wave fall from 0.7402 followed by a recent bounce towards the 0.7171 level, which could be the first leg of a minimum three wave rise in corrective wave 2), labeled as wave A. If that is the case then drop from the mentioned level was sub-wave B that...
This is a good sell setup since this could be an ending diagonal and we will have the next wave down to complete the structure.We have an impulse and a correction and you can sell the breakout if you have a plan to trade it. Trade based on your own strategy