We see AUDNZD completing a potential flat correction within a bigger wave 2 with recently touched resistance zone, which can push prices lower. A flat correction is an elliott wave pattern, which consists out of three waves, with a formation of a 3-3-5. This means wave a and b have both three legs and wave c has five. Thats said, hopefully this pattern is now...
As we can see this pair is forming a Flat, which means it's a good opportunity to sell it after it breaks the 4th wave of the ending diagonal.
The pair is already at the bottom, so please take your profit as soon as possible because we don't know when the biggest correction or the reversal may occur.
P.S: This content is for educational purposes and discussion....
Traders,
EURGBP dominant trend remains Bullish on the WEEKLY chart.
Since 6/10/2016 it has been in correction and has developed A (circle) and B (circle) corrective waves so far.
Right now, we are looking to sell the next impulsive C (circle) wave.
1 - Wave-A (circle) developed into a 5-wave motive structure, ending at 0.83045.
2 - Wave-B (circle) developed into...
Hi guys my view on NZDUSD enticipating this to break 1st high and drop (MORE POSSIBLE) or maybe break 2nd high and then Drop (LESS DROP) Trade with Care :) EURUSD GBPUSD AUSUSD And NZDUSD also bit more upside then down side
Easy break through zone for silver where cloud made a thin area to break, Caution though, simple breaks like these do not provide strong data on whether to continue long or short. CTF bouncing on lowest level and testing its strength against trend lines be ready for anything.
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CTF - SILVER
-No Trade action until...
GBP/USD has just completed an ABC expanding flat, furthermore it has also just once again bounced from the trending. Due to the fact that it could not break it, leads me to think that it is a good time to short. Goodluck traders.
S and P 500 2 Trends 2 Trades
Seasonal factors are beginning to show on S and P now. Over the last 20 years May to October periods have produced a
correction of between 5% and 41% in every year without exception. The average loss per period was 14.9%. For the last
7 years if you'd bought the S and P on 16th October each year and held for 6.5 months until selling...
Wave 2 looks to have completed in 3 waves between the 0.5 and 0.618 fib retracement levels of wave 1. A wave 3 is likely to follow soon. This wave 2 could also still develop into a more complex pattern such as a flat, if the move up develops in 3 waves to the wave i extreme protect yourself by moving your stop to break even as soon as the impulse is invalidated.
It has been a while since I last updated my count on Feeder Cattle. In my update from August 8 - 2016 I called for wave (A) to be in place at 134.25. The price-action that followed, doesn't really support wave (A) having completed and therefor, the preferred count has been changed, to this count, which shows that only wave 3 completed at 134.24 and the ongoing...
Note: I should have extended the minimum target level down to the 1.618 fib extension of wave 1.
Wave E of a Triangle in Wave 4 has completed and Wave 5 is likely to follow. Wave 2 has completed as an Expanded Flat just after the .786 fib retracement of Wave 1. Wave 3 is likely to follow this Wave 2 Expanded Flat. Pending order has been set on the break of Wave...
A buy on NZDCAD seems the most favorable option as price is in a correction phase. This correction can develop into two types of flats, Running Flat in "Scenario 1" or Expanded Flat in "Scenario 2". The only difference between these structures is that the latter breaks the low of Wave A while the former doesn't. And of course an Expanded Flat means more...
sell setup to catch C-wave of daily flat
this is a long term trade, it means you have to be patient enough to take the best profit you can.
just look at how much time does it take to form A-wave and B-wave; 158 days and 245 days.
i don't know how much time does it takes to complete C-wave, but it would be something like A and B waves.
This buy trade comes after the formation of a potential Running Flat. Once confirmed, price could make a bigger move even more than "scenario 2" as illustrated on the chart or a modest move to 0.7790 price level for "scenario 1".
Trade with care. Use a strategy you have tested and verified.
6.1.8. Family.
More Than Just Trading
This pair intrigues me as I'm not certain whether or not this is the beginning of the big move down. However, a fall in price to test the daily trend line is likely.
Trade with care. Use a strategy you have tested and verified.
6.1.8. Family.
More Than Just Trading.
What if the structure formation on the monthly time frame is a "Running Flat"?
What if the structure formation on the daily time frame is an "Ending Diagonal"?
What if the answer to the two previous questions is YES?
If YES, then a move up is very likely. Hence, buying at the breakout is a good idea.
Trade with care. Use a strategy you have tested and...
