USOIL - Elliott wave – update - minuette (iii) subminuette i is running invalidation 96.25
EURUSD- Elliott wave – update - subminuette (iv) motive wave down micro should follow - submicro (4) running maybe in a triangle invalidation 1.1313
TESLA - Elliott wave – update - minor 5 minor 4 retracement > 0.382 - truncation/double top probably minor 5 should develop motive in 5 waves - minute ((iii)) looks running - minute ((i)) extended
BTCUSD - Elliott wave – update - minute ((ii)) minute ((iii)) should follow impulsive - target 34580 invalidation: 53430
DJCIEN - Elliot Wave - update - primary ((C)) ending diagonal IS IT FOOLISH? confirmation motive wave cross down 102,32 target 64.80 - USOIL 38.50 range
USOIL - Elliott wave – update - waiting minuette wave (iv) invalidation over 82.85 - next minuette (iii) at 81.83
This is what I’m believing on for the last motive wave for the BTC :)
Here I teach how to identify corrective structure, how to count motive waves, and how to get upper price targets as well as retrace levels for counter trend movements Hope this can help someone :) -BensStocks
corrective ((a))((b))((c)) is ended - motive wave up should follow in minuette degree minuette (iii) unfolding extended ALT: motive wave down is still running in wave iv 1.1962 critical price area FIB 0.3862 critical price area previous daily close 1.1925 PP 1.1915 UP
wave 4 over - motive wave should follow to wave 5 motive wave ((1)) ended at 28800 area corrective wave ((2)) unfolding to 38400 area ALT: 5 is over - motive wave should follow lets monitoring price evolution critical price area previus daily close 33032 PP 34829 DW
minor wave 5 unfolding -motive ending diagonal triangle - 5 waves zigzag zigzag minute ((i)) ended zigzag minute ((ii)) unfolding ALT: minor wave 5 unfolding - motive impulsive - minute ((iii)) still running to/through 76.99 critical price area previus daily close 73.24 PP 73.60 DW
micro wave ((2)) is over – wave (1) of ((3)) of iii is running. (1) must move motive – test price area 1,2195 – pivotpoint - FIB: 1.2199 ALT: wave ((2)) still running in a complex corrective mode critical price area previus daily close 1.2180 PP 1.2195 FIB: 1.2199 static S/R 1.2161 - 1.2239 volatility D 1.2142 - 1.2230
prevailing scenario wave (ii) maybe over in abc subminuette correction monitor prices evolution in a motive mode wave ((3)) of v unfolding - first target 1,2189 fib 1.618 wave ((1)) ext ALT: continuation of wave (ii) possible expandig flat in 3 waves critical price area previus daily close 1.2148 PP 1.2145 FIB 1,2189 fib 1.618 wave ((1)) ext – 1.2233 fib...
wave iv ended in ((a))((b))((c)) flat - balanced in time and size wave v unfolding violation of 1,2125/30 area and/or time delays in developing would invalidate the idea ALT: reconsider the abc hypothesis
momentum for now shows no signs of a change in the trend abc hipotesis loses strengh motive wave i-v hipotesis prevails - test at 1.2131 (fibpoint 0.382) - wave iv let see
wave (C) ended - wave (i) ledaing triangle wave (ii) flat - target area 1783/1789
On EURUSD, price failed to break the supply zone that we have around 1.19 and is going back up. Thus, we are only looking now for buy setups, and if the price reaches our previous support, which is now a non-horizontal resistance (green), we will look into lower timeframes for sell setups. If you like the idea, support us with a like and follow Trade Safe, MacroForex
Just like the dollar, EURUSD is in the midst of completing its 5th motive wave of a 9-month Elliott wave. The euro weakened a little and consolidated just before the ECB announced increased bond purchases. Upon the announcement, EURUSD gained on selling expectation and buying the fact. It managed to stay afloat just before the week ended, thus we can assume...