Hello, guys!
I read the Trading Chaos chapter about the time target zone for Wave 4.
How to calculate it?
We should take the the time between Wave 1 peak and Wave 3 peak, multiply this value by 1.62 and 1.38. Measure this value from Wave 2 bottom.
If the Wave 3 ended, we can see the Wave 4 end in the red area. As I told in my previous analysis the price...
When it comes to simple 10 seconds Elliott wave count it can't get simpler than this
We see WBA within a Wave 5 here but the wave 5 itself has not yet reached its termination point
The Wave 5 of the Wave 5 should take it to what is called the TZ1.
Previously we went long into the wave 5 on the 10th of March and exited on the 15. Now there is a 3 candle pullback....
If the SPY sustains this $305 range and confirms the trend line, I will be looking to play the upside. Otherwise, if we break through that valley, the market is in a new trend and likely a downtrend.
Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards :)
Aaron
For you pattern traders...she has already hit target #1. Looking for #2 and then on to possible extended targets! Just my view on things if it does not meet your setup then do not trade it and as always please trade with caution and good luck to you guys!
Kindest Regards,
MFWIC
P.S.
GJ is running a little behind UJ but the London open should help this...
Im quite bearish on this , as there is heavy momentum coming into the dowside , this is a live trade I will taking myself , currently waiting for the 2hr candle close in the Asia session , Looking for a target of around the 0.74400
NVDA is spiking extremely up. Almost reaching Max profit PT. Standard error of possible profit max target is the green rectangle. Possible setup for a short solely based on technical alone. Short at Profit Max or after reversal pattern develops. Further fundamental research may be need, forecast is subject to change.
Hello Trading View,
Here on the EurGBP Weekly TF we have a unique Bearish Bat that has completed.
Price action has shown all necessary reversals at the required ratios, and price in the PRZ has shown signs of confirmation of trend change.
Heres why this pattern is unique. VOLUME. The volume at point D was EXTREMELEY HIGH!!!!!! See Green arrow indicating said...
We have another harmonic moves on FX:EURNZD . This is ABCD pattern, which is almost completed and it is a good time to go long. We have a very nice structure at this level, look left and confirm. Our targets will be 1.7370-1.7570 levels. But watch 1.7292 level, it might be a hard shell to breakout.
Avto_T
Green Luck
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ATTENTION...
I have highlighted daily support areas which are confluent with Fibonacci levels. I lean towards the Bearish side, however I would not discount the Bullish targets on screen, especially with announcements from the US today.
The bullish or bearish move will depend largely on price action and candlestick confirmation for me.
Another reason for leaning to the...
On FX:GBPAUD we have a potential shorting opportunity as well. As we see there is a very nice structure support @2.16411. If the price breaks this level I wait the price to reverse at fibs 61.8(look left for structure), retest this zone and then go short until the 2.1475 level. As you see we have very nice fibs of 61.8 and 78.6.
Avto_T
Green...
Sooo, we have a very nice breakout on FX:EURGBP after a long term retests of the structure level @0.7240. As we see price has broken the structure and it is more likely to retest it and then fall down. And there is a good opportunity to sell at this level. I assume price will reverse somewhere in red zone and our targets will be somewhere in 0.7176-0.7146.
So...
