1W Analysis As expected the pair headed to re-test the 1W resistance along with its resistance zone but failed to break either of them. If the pair were to follow suit from our previous analysis we could see the pair break both resistance zone and resistance of the 1W descending triangle then head towards the next resistance zone. 1D Analysis The pair closed...
Using the Elliot wave strategy, top down analysis, market structure, support and resistance and a few indicators, I can see that market is heading in a downward position for the coming week. Now we do not know what will happen over the weekend that could effect the markets direction. but for a framework and idea, we should look for a short in this time Frame.
By now, it is clear that the gold is climbing its 5th wave which is the final wave for the entire motive wave. The price was ranging previously which turned out to be an ABCDE triangle and thus we are certain that wave 4 has ended. This week, we will focus on buying the gold simply by waiting for a pullback from the current high. The price is expected to end its...
in my opinion we have completed WXY correction that i was talking about for some time. this is wave 3 and my target for end of it is at least 18K. i'll show you why
Bought NJ since the beginning of the 2nd wave which was a very successful long trade shooting from a major support. The ABCD retracement indicates us there is a 5th wave coming after the breakout of the bullish flag. In theory, the wave should reach the 1.272 Fib extension, 73.60, but I'm keeping my first target at the same level as the last high, 72.95.
Even using the Elliot Wave Theory, it looks like the motive wave is in due to begin. The correction A will occur downwards to price point 96.94, which also has confluence with my 61.8 fib level.
Just toying with some wave counts and patterns. Break it apart and let me know what you think? If you have wave patterns please share!
All informations are mentioned in TA! If you like my TA, pls. hit that "Like" button, follow me or leave your comments. Thank you!
- Could se Zig-Zag pattern form or a Straight move to test previous top, but any how, I leave you with a picture of how to look at The Wave principle. Plan your trade, trade your plan and trade Safe...
Right now Swissy is in wave-v of 3. Target is around 1.002 - 1.01 invalid count if price go below 0.978 After complete wave-3, swissy will correct into wave-4 then we wait until wave-4 give us more information to create buy setup again. Have a good trade.
I know this goes fairly far into the future, and it's my first time drawing much on charts here to be honest, but this is a representation of an e-wave analysis I performed in a platform I often use. Any feedback is welcome and we'll see if things pan out this way. USOIL around 70.20 by the 11th of May (18 days out). Also, if this pattern does pan out, some time...
On BITFINEX:LTCUSD we can see sharp decline into wave (a) and then slow sideways corrective move into wave (b) back to ideal 61,8% Fibonacci retracement. Current drop from wave (b) resistance looks like motive wave, which should be completed within five waves into wave (c) and as you can see, there is still room for more weakness towards 95-80 support zone,...
As expected BTCUSD fell down into wave (c) a third leg of decline that we have been talking about a lot in our past updates. Wave (c) is a motive wave, so it must be made by five subwaves before we may even consider that correction is finished. Well, if we take a look at current price move on BTCUSD we see very slow structure, thus it’s probably just a wave 4...
I see the possibility for a Bearish ABC Zig Zag pattern to the downside.
Traders, EURCHF is close to complete the 5-wave sequence. Wave 4 (cirlce) corrective wave is probably forming an Expanding Flat Pattern. 1 - Wave-(a) has developed into a ZigZag with internal 5-3-5 structure, ending at 1.12589 2 - Wave-(b) has developed into a Zig-Zag with internal structure 5-3-5, ending at 1.16233. 3 - Wave-(c) should develop a 5-wave...
1. Motive Elliott Wave (Regular Elliott wave 3 / Impulse Elliott Wave 3) 2. Up Trend 3. Wave amplitude extension 4. Fibonacci Retracements Levels 61.8% Area Resistence FOREXCOM:WTIUSD FX:USOIL NYMEX:CL1!
EURUSD Elliott Wave 1. Motive Wave progressive form 2. Elliott Wave 4 progressive form 3. There are five possible lengths of Elliott 5 Waves 4. Rectangular formation 5. Support & Resistance Cheack 6. Wedge pattern FX:EURUSD
looks like a time to watch for a buy setup to me!