Looks like AUDCAD is about to break of this ending diagonal in 4H chart. There is also MACD divergence confirming it.There may be a last move to the lows so be careful and wait for it to consolidate above the trendline before buying.I'm targetting 0.9900 area
In October 2014 I called the top almost to the cent (see the link below). The decline from 244.80 is finally coming to an end near 130.78. Short term I'm looking for the final decline in red wave v of an ending diagonal and once the bottom is in place, a quick return to the origin of the ending diagonal at 169.58 should be seen, within half the time it took to...
GBP/JPY - Bottom to be found between 156.02 - 156.21 The decline from the 163.89 high has been relentless, but it's only part of an expanded flat correction and once the low is found a new strong rally higher should be seen. The low should be found in the 156.02 - 156.21 area. At 156.21 we have the magic 70.7% corrective target of wave (I know that the 70.7%...
Price is moving up in a sideaways forming an ending diagonal pattern. In MACD we have a big bearish divergence which shows that we mights soon have a reversal. We should keep an eye for a breakout below the lower bond of the pattern and watch for a sell setup before going short with this market.
With the Fed beating the drum of rate increases, many are looking for the Greenback to fundamentally strengthen. Though when and if the Fed actually increases rates is a debate for another day, let's look at the technical picture for EURUSD. It appears we are finalizing the 4th wave of a 5 wave diagonal pattern. We're looking for this 4th wave to terminate in...
Expecting a H&S pattern to form to play the correction
this is based on my previous forcast that this correction is about to end and it has been ended as ending diagonal.
Hello traders. I am looking for an ending diagonal in C wave of 4. When price reach the upper trend line and if it gives a sell setup in lower timeframes I will sell it with tiny stop. When it breakes the yellow line I will add position. If the price goes down I will sell when it break the yollow line.
Ending Diagonal spotted on the GBPCAD. Another good indicator is the RSI. The RSI is making higher lows when price is making lower lows. Ending Diagonals make you work for them. The safest way to trade them is to wait for a breakout and enter on a pullback using your own strategy.
Despite its choppiness since the start of this year, the NZDUSD pair has traced out what may be considered to be a respectable impulse wave. By this count, wave 2 and wave 4 held at their respective 61.8% retracements of wave 1 and 3, and wave 5 is an ending diagonal whose subwave ii retraced a bit more sharply than normal. Additional reasons to believe that the...
I count a possible double zig zag with a bearish ending diagonal C wave. Markets feel toppy, markets look toppy...If we continue to break down out of the channel, Im guessing we could see similar lows to last month (and most likely continue to fall) For this play, a safe stop is this months top ~ 2080. Target 1820 (for now...)
I like the larger shape here, the way the price action spilled out of the narrow channel and came back to rest up against it. - Wave 4 left the narrow channel and - wave 5 (if complete) only made a slight new high above wave 3 - Plus wave 5 appears to be ending in a Diagonal. These are characteristics of very common Elliott wave structure. This also...
And so, after a little break in falling down, in the middle of august '15, EURO continues his journey to the south. Perhaps, now there is forming an ending diagonal in the wave 5 (or c). Why do I think so? As we can see, there are a lot of correction waves (ABC), both up and down. Therefore, there are two possible scenarios: The correction up will continue in...
Natural Gas has given a breakout from what looks like an Ending Diagonal. One can Buy NGAS now with stoploss just below the low and targets around 1.95 / 2.15 Happy Trading!! Siraj Hudda, CFTe Web: www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook: www.facebook.com Twitter: twitter.com LinkedIn: in.linkedin.com
this trade is risky; because now we are in an uptrend and this is a short setup. so if you are not a risk taker, dont take it. there is an ending diagonal and bearish divergence.
An Ending Diagonal is running, when it has over,Corrective Wave will be coming. buy is a good idea when corrective wave retest trendline and fib retracement
Despite the panic sentiment on equity market DAX has possibility to rebound