Short-term Elliott Wave view in Copper (HG_F) suggests that the metal is rallying as a 5 waves Elliott wave impulsive structure from November 15, 2019 low. Up from there, wave ((i)) ended at 2.69, and wave ((ii) pullback ended at 2.619. Subdivision of wave ((ii)) unfolded as a double zigzag. Wave (w) of ((ii)) ended at 2.653, wave (x) of ((ii)) ended at 2.679, and...
Short term Elliott Wave view on GBPUSD suggests the rally from November 9, 2019 low is unfolding as a 5 waves impulsive Elliott Wave structure. On the chart below, wave 2 of the impulsive structure ended at 1.282. Wave 3 higher remains in progress and subdivides as an impulse in lesser degree. Up from 1.282, wave ((i)) ended at 1.2951 as 5 waves impulse. Pullback...
Keeping it simple: tracking a standard impulse vs a diagonal. The first sees (grey) minute-iii complete soon then wave-iv (orange target zone) and then wave-v to complete (green) minor-3, etc. the other is looking for a larger top and then a larger decline before the markets rally again. Thus, the next pending correction should be bought either way. Trade safe!
its like move start in the ajantpharma, chart break the 18 months treandline and pull back. after the pullback it take same trendline as a support. now ready for big move..
Hi guys, I've put together three ideas for BTC on the larger TF now that I have been made aware of the BLX historical BTC data and can get a count that makes sense. In fact, I can get three counts that make sense... all with relatively the same outcomes until the end, where they will drastically differ. First idea, BTC as a regular impulsive series for all of...
Hi guys, Just an alternative idea to the diametric idea - as I was going through this, I realized it isn't clear at all which case makes more sense, as both seem to fit very well. We could be in Wave-2 of a larger impulsive series, currently on Wave-A of Wave-2. I would expect Wave-C of Wave-A to end at $7100 before we head into Wave-B, and hazarding a guess...
Hi everyone, I've put together another two possibilities for BTC based on what we've seen in the past little while - one bullish and one bearish case, but both extremely dependent upon what we are currently doing. This looks like BTC is forming a triangle at the moment (so far we've seen 3 and 3 monowaves for A and B, wave-C currently looks like it will follow...
Since we have been asked by many of our followers to give yet another update on BTT here is what the charts are saying. #BTT_Update It seems BTT is still in favor of the bulls and didn't confirm a start of downward trend or correction. Notes - EMA still below the price which indicates that we are still in an uptrend. - Trend channel still in progress and didn't...
In this obvious uptrend we've seen some consolidation and we're at support again. What we can see is a very clear bullish candlestick at support that shows us the buyers are ready to step in again. We're going to join them this expected impulsive move as shown on the chart. Thanks for reading and have a great trade! Wesley
US OIL is looking bullish, made a recent corrective move while being in an impulsive state for some time now. Price went and created a falling wedge.
Bitcoin is in strong daily channel up. I made this Elliot wave count on recent waves. We're seeing these bullish triangles and keep making new highs on 4h. Although we are struggling to make larger moves to the upside. I see final push higher to 4143-4159$ region if we can hold 4060-70 on 4h. Failure of climbing higher than 4190$ and closing above would cause...
USDCAD made a great impulsive move during NY session, now i see a clear pullback, i expect further upside move tomorrow. USDCAD is the most bullish pair i see on higher timeframe, expect it hitting at least 1.37 in a couple of weeks.
3RD Touch of ascending channel as-well as a rising wedge break, trade active since 1 hour retrace or break of wising wedge.
I'm really liking the look of this projection for an impulse wave UP for NZDUSD. The wave 2 retrace was just barely shy of 61.8%. Would have liked a touch, there, but it's close enough to play in my game. Fib projected targets line up beautifully with visual support and resistance levels, as well as volume profile value areas and POCs. I'm going to jump in and...
Just a wild guess.. Threw some Fib on there... There's definitely a few trades in there!
EURAUD price break the resistance zone with an impulsive candle , and we can see the backtest. Its a nice entry for long position with SL: 1.59, and the target is the next resistance: 1.615
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..