- XRPUSD is on a Resistance - Broke counter-trendline - Price was building in a flat-top pattern - ( Candlestick ) Bearish Signal - Plan is to go SHORT on XRPUSD - Take the trade when your rules are fulfilled A BEARISH MOVE is probable in this market.
Broke out of expanding flat only to crash right back into the pattern. No clear direction here except a possible bounce here due to oversold technicals. Support seems strong around $1.05 on daily TF. I would look to buy that test if we get there.
This is for education purposes only.
Hi everyone: Previous forecast on AUDJPY did not present a bullish continuation correction to push up the price to the next tops. Instead, we see reversal price action in the making on the LTF. Zooming out to the HTF, Price has impulse down from the HTF ascending channel, and begin to form an expanding flat structure. We see the latest price broke the...
We have already published the opportunity to trade within the range at EURCHF 3 times. It started in mid-July and for 2 months now the price has been moving in this range. As you know, this is a good opportunity to trade from the bottom to the top and back. At this point, the price has bounced off the bottom and we expect it to go to the top again! The...
Light Crude Oil futures (CL1!) is moving down in C wave within ABC flat pattern. In B wave internal b wave was triangle and c wave was ending diagonal, which makes the high odd trade, that from this level the CL will go down in flat correction ABC down to 30 $ mark. Now its about to end the 3rd wave down with one more low then need to correct it by 4th wave up for...
CAT detailing complex Correction with FLAT (3-3-5) wave structure! Regards, Team Traders "PowerfulTraders" flat
Here I show only a bullish story on daily frame. Lower low still possible, if the wave B takes the form of ABC, rather than a WXY Intraday short
In blue you see the Elliott waves of my "daily degree". (Dont know, which offical EW degree that is; it is just my daily focus of interest.) In white we see the EW on the next higher degree (called "weekly" here). CYBR in the past oftenly retraced with earnings, but usally recocered in a few days. - This can change this time dramatically: As you you see, the last...
Formation of Flat Or, Zigzag Correction Can happen Which Push It More Downside.
Forming Zigzag Correction Pattern That Push It Downside
Formation Of Running Flat Which Push The Price downside.
Forming Flat Correction That Push It Downside.