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...
Just a simple wave analysis. I'd love to buy in at 8 and a quarter if we get down that far :)
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...
Hmmm as I progress understanding of wave theory, I like to look at the charts differently and expect the unexpected. This to me appears as a "expanded flat" I've quit trading the animals because Ive realized the importance of wave structure! Have a great weekend!
We appear to be forming a continued bullish corrective structure! This is based upon my current understanding of EW Principle. Thanks for checking it out! Show me some love, and what you were thinking ;)
Price at the moment is correctively rising so what I am expecting to see of this pair is that price is going to fall soon. We are currently seeing divergence on our MACD which signals a reversal may happen. Good luck and safe trading.
Update from my understanding of Wave Principle! Looks like a combo corrective structure that went from a flat to a zig-zag! Waiting for a good place to jump in long! Will keep it updated! Trade responsibly! ;0
There is a high-probability chance this pair could finish a flat move which could bring the price down to at least retest the bottom. IF THE BREAKOUT OF THE ENCIRCLED AREA HAPPENS YOU MAY THINK TO TAKE THE TRADE.
STEEMBTC is flat for the last couple of weeks, almost no signs of any positive movements :( and the resistance for the possible up-spikes of the price came down closer: the Ichimoku Base Line (Kijun Sen, the red line) is around 0.00019550