Silver came off pitchfork. Has not seemed to be going up aggressively. However, if that is a running flat (yellow trend lines), then if it breaks out to the upside it could do it with some force. It is even possible that it breaks the high at 21.00 long term (structurally speaking). Notice the red 200MA on 4hr and the green supply zone, that may be a potential...
That is a zone that price will most likely react to. Those are the 200 and 800 Ma's. Touching confluent with 200ma on 4hr. We could potentially have a running flat that would then continue upward, or it will correct for further correction down, in which case I would look for 50% retrace from high. I am just posting this out because that at least may be a spot to...
I'm not messing with this just yet. But I would just like to point out that considering the dollar index is in that channel which can break and can make another shoulder up (possibly small), you may get some trade opportunities on Gbp/Usd. The price action it is making makes me think it may make a running flat, or even possibly a correction for a WXY type pattern....
When you draw your trendfibs considering the running flat for wave 2, NU should be in wave 4 retrace, which can be a flat or a triangle maybe. I would look for correction to 23-38%. Then... It may break the trend line and retrace back half the wave (50-62%) the total 5 wave if continuing trend. FOMC tomorrow. $ hr looks like sell, but you sell tonight, you could...
Possible extremely rare pattern, do not trade this pattern there are better opportunities out there. The running flat is a 3-3-5 pattern in which wave B ends far beyond the start of a bear market. The following five waves fail to reach the ending of corrective A wave. - Here we see a triangle I've been trading successfully; I gambled on it being symmetrical to...
CJ may correct to make a running flat here. It did wick off the 1.618 extension though, which would coincide with a wave 4, but looking at the weekly down, the running flat makes sense.... But I do see more upside long term and am holding the buy from the bottom.
Considering UJ did a very simple correction followed by "B" wave like wxy structure breaking the high, I'm looking for UJ to make a running flat here....
Hello. According to my analysis, Bitcoin is now in wave (2), which should conclude in a bottom at 8600, where Wave (3) will start, concluding at ~14360. This is not trading advice, do your DD and so on. I always appreciate criticism and feedback, so if you have a question, feel free. Happy trading!
At the end of this triange, death cross will occur.
Triangle at the bottom and finished by ending diagonal with throw over.
expecting another decline to follow once the corrective pattern is done
After death cross, BTC looks no good. New target is about 2500$.
latest, we can see the failed flat pattern, if we cross the RSI trend downward, selloff will occur.
GJ looks to have made a running flat and I would think it would at least extend to equal length (Grey fib extension) if it will go into correction, but possibly much further in a 5 wave.
EOS just is currently forming an extremely bullish ascending triangle. If the pattern completes, EOS could reach prices of $12 or more! According to the Elliott Wave count, EOS just completed wave 4 and is about to start another impulse wave up. Wave 4 was a 3-3-5 running flat ABC correction, and wave 3 happened to form a downward parallel channel (a.k.a bull flag...