On the very last piece of data we have, It's currently in a correction for more down. Like if you agree with our analysis and comment if you have alternative in mind. Thank you.
See some more downside ''Possible C-wave'' completion Potential move up near-term.. Watch for possible ''ending diagonal'' on lower time frame for market reversal
I am tracking EURUSD corrective structure since very long. I am expecting that we will see bearish wave in coming days and i think EURUSD again will hit 1.04000 in coming days. If price breakdown small corrective channel with impulse then look for sell and in case price break up this small corrective structure and break back the channel line in then look for sell...
Trading Strategy: Shorter term, we are expecting one more upside and same time nearest resistance need to be break to confirm the trade. Action We are suggesting buy limit @ 1.3290 with 1.3190 stoploss and target should be 1.3540.
After few weeks of consolidation in rectangle formation, the price action broke out from the rectangle on Wednesday indicated strong buying pressure and thereon the price action remained and managed to close above 184 resistance level for three continuous day. Buyers look excited and shall move prices up. As per Elliott Waves , there is completion of Regular...
As per Elliott Wave Theory, Gold chart indicates a completion of a Flat ABC Correction that signals a new wave to upside. This is a good time to invest or take a swing trade position in this before the festive season begins in India where we generally see rise in the Gold 0.73% market. Take positions with stoploss at 87200 Target 1: 90000 then Target 92400.
The price action is been ranging in a rectangle consolidation where it is forming a Regular Flat Correction pattern that indicates completion of corrective phase and beginning of a new bullish move or trend. A good risk to reward setup. Keep a Stoploss: 1290 Target 1: 1340 Target 2: 1375
The price action is been ranging in a rectangle consolidation where it is forming a Regular Flat Correction pattern that indicates completion of corrective phase and beginning of a new bullish move or trend. A good risk to reward setup. Keep a Stoploss: 1290 Target 1: 1340 Target 2: 1375
A nice Flat is forming, and the calculated confluence zone seems to confirm the price target. When you look at the oscillators, you can easily see that they topped at critical levels.
Flat correction. Target for C is at the trough of the wave A = 36.26. Way to go!
READ THE CHART. AND WISH ME LUCK. CUZ IM GOING IN!
EURUSD is approaching an interesting level @ 1.1230-60 where there are multiple confluences, the 0.618 retrace level from the brexit drop, a 1x extension @ 1.1226 from a ABC flat correction and it looks like there's a possible 5 waves up which fits the flat profile, also the top of a corrective channel is in this vicinity. Watch this space!
FX:GBPCHF Safe trades
Britain has voted today to exit the european union. What will this mean for the top 100 companies? Looking at the larger context on monthly timeframe of FTSE, I can see a corrective elliott wave pattern known as a flat. If this count is indeed correct, an impulsive decline is on the cards in the coming years What do you think?
The pair has been trading in a corrective manner last few days in what looks like a textbook flat correction. Five ways can already be counted for wave C. After the completion of the pattern expect a decline in five waves taking out the low of 103.50 Buyers Beware!
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...
An appreciation of the beauty of Gann box. Netflix goes to a perfect 38.2% deep retrenchment and flip back - creating a possibility of ABCD pattern for the flat triangle. Will it fill the gaps at the bottom that it didn't fill last time? I can see that it will go to 58.53. But before that will it goes back up and fill the gap that it created today before it moves...
Hello there! I think we are nearing the end of this large flat correction. 93 area should be watched closely for reversal (wave A low). Downside of the trend is also there. Daily charts show Momentum divergence already. Best wishes!