Overlooking the entire chart data we have on XRP, we can see that the largest impulsive price movements are found every 261 days on average, indicating that end of January/Start of February may show another large impulse to the upside.
Following a decent impulse to the upside on the 60 and not a conflicting bias on from the daily as that is consolidating, I believe price can go higher if not to a retest of the highs too. Came into a minor level of support with fairly safe stop placement. A quick potential day trade which I am involved in.
daily chart shows audjpy has bounced off weekly trendline, price than made an ascending triangle but failed to break to the upside and did the opposite. Price was selling off instead, made a correctional move after impulse kicked in and broke through minor support which has now become minor resistance.
Waiting on price to retest resistance for confirmation that...
overall move for eurusd is bearish with blue trendline respecting price on the weekly.
on the daily I see price reaching D resistance zone (green), diving deeper into the 1hr, I see price created this upward channel with price now reaching d resistance zone.
on the 15min, price created a bearish flag pattern, waiting for price to break out and continue moving...
NzdUsd has put a decent impulse in bouncing off minor support, we can possibly see relief to the killzone in which I would be looking for a retest of the lows and even a continuation lower. Potential head and shoulders on the 5 min currently so can see that relief as more likely.
EurAud has had a decent move to the upside and currently there is more room to go higher in my opinion. Following a good impulsive move IF we get a pullback into that zone we can look to carry on higher or for a retest of the highs at least.
Hi Traders , This will be my first post on Tradingview the aim is to showcase how accurate waves can be and help you guys learn.
- AUDUSD WXYXZ Correction looks to be forming
- the 61.8 / 50% fib levels is where we will look for longs
- Trade safe , feel free to message me as i have a paid telegram , or find me on instagram @jratrada
- AUDUSD Looks great plenty...
We have a corrective pattern forming this looks to be a contracting flat however cannot confirm this as of yet so will watch closely for confirmation, with this is mind will be looking for the third wave down to complete a 3 wave pattern using the 1hr 270 fib as a target profit at a price of 126.819..
Long Term Daily Uptrend (yellow box) , hit top of channel, created channel within channel with lower highs and lower lows, Weekly Impulse Bearish can formulate. Try to secure sells as high as possible this week.
I have labelled a five wave count and believe to be witnessing the unfolding of a C wave.
I do think the B wave may be a very short lived, shallow correction, almost a stall of price action before the C wave occurs.
RSI and MACD seems to be looking upside.
The moving average is approaching price action from below indicating upside also.
On this trade stops could...
It seems that DXY has been acting within this price range for some time and I have seen it as a more complex pattern.
This is the fist time I have posted a WXY formation so any guidance or pointers on these is appreciated, as with all trading knowledge.
I anticipate price to continue upwards and finish around the trendline.
If that is the end of the correction,...
Gold seems to have finished the 5 wave pattern which my other gold prediction covered.
The five wave cycle has finished and has formed an A wave, is currently in the B wave and I am looking at any break of the short term trendline.
This would confirm downside.
I would not be surprised if the correction did retrace to the 50-61.8% of wave A before wave B...
Expecting gold to form a short correction like that of wave two.
Expecting another impulse up after correction is broken.
If confirmed, fifth wave can be expected to go to the 38.2 extension, with unlikely possibility of reaching the 61.8
Never looked into gold, trying to apply my analysis to as wider range as possible. Any feedback appreciated.
• Currently ending consolidation wave 4 of larger cycle starting 6th Feb @ c.6000
• Wave 4 formed bullish symmetrical triangle and looks to be breaking out
• Entering fifth impulse wave of motive phase:
- Wave 1 to reach c.11,750 at historical support/resistance level
- Wave 2 to retrace to the 38.2% Fib, also a historical support/resistance...
The CAD is approaching its make or break day, an 80% chance of a rate hike has been priced in by the market, if that does not happen this trade is likely to get stopped out.
If it does happen expect them to extend lower possibly in an impulsive and sharp manner. As always the blue box is the area a turn lower for resumption of the major trend may occur and I...
during weekends i do usually take a look at the bigger timeframes, such as weekly and monthly charts. This time i thought i'd share my view on USDJPY 0.17% . As you can see it represents a classical example of impulse-consolidation pattern(flag,triangle, wedge )-impulse(my prediction) and it's a pattern that repeats itself over and over again in all...