Just wanted to share with you this possible structure for the most traded pair in Forex. Seems like a good set up for a third wave but the counting could change at anytime. We just might keep an eye on that! I hope my analysis is useful for your next trades Don't forget to hit the like button, I really appreciate it Follow me for more ideas 100% Forex Market
Chart says all. updated prior post with corrected line positions given interval price changes. C wave length and duration mimics A wave. The H&S pattern appears to be an extension of the correction but note it is also a pennant, or continuation pattern. The trend: still down, entering a fifth intermediate of primary third wave. expect double bottom to retest 233...
Wow what an amazing jump! Does it mean the bears are back in hibernation? Doubtful. Boxing Day's record 1k rally was just an impressive a-leg of an a-b-c minor correction after a punishing 3rd Intermediate wave in the current bear wave. Trend is still Bear! Note in chart the abc pattern extension to 0.50 Fibo coincides with the 0.618 Fib retracement of the...
Extreme bullishness prevails. Vix- dropping off to almost nothing. What looks like a tiny Elliott wave 2 formed Friday AM but quickly dissolved into bullish enthusiasm. If this is the breakout move gathering strength, then the chart shows a possible course. I believe we may have entered minor wave 3 of the V(v) 5th wave already ('third-in-fifth wave'). I lost...
this and god knows best. it's just an idea :)
On a lower degree, I posted earlier that we're most likely heading up into a third wave. This was, however, on a lower degree. I also wanted to take a look at the bigger picture since the hardfork of BCH. I believe we have finished the second wave and have started into the third wave on Cycle-degree. That would mean we're presently in wave 3 of a wave 3, so I am...
On the weekly chart, it seems as if we are approaching a top that should give us a reasonably substantial correction sometime during 2018. However, on the shorter term, the market it still pointing up, and therefore, is still good to buy on intra-day and intra-week swings to the upside. Historically, the market finds some kind of resistance when approaching round...
Litecoin bounced from wave II/b as we projected in our earlier update, broke channel resistance and now we expect a wave III/c to the upside with first potential target arround 70 level and 61,8% Fibo. lvl. If goes above this level, then we expect 3rd wave, which means much higher. ew-forecast.com <- Visit for more Cryptocurrencies FREE Analysis!!
My previously published chart called that a series of 1 & 2 waves had developed. Price looks like it is now dropping in third wave fashion. There's as slight adjustment to the count which makes this wave (3) of ((3)) of iii of (iii). In the news: Bitcoin Miners Miss the First BIP 148 “Deadline” bitcoinmagazine.com but, price was already dropping... it's as if...
EURGBP: SELLING AT R2 DAILY PIVOT NEAR 50% FIBONACCI LEVEL. 1:3 experiment.
Third Pattern Completion Back to Back Eurchf Bat
A quick update to my wave count posted about two months ago. I modified the timeline of the labels - price targets remain the same. The sideways movement lasted longer than I had anticipated. Price stability in the low 400s area created a nice base for the recent rise in price. Review the old post on cryptowaves.com for detailed commentary. Note that I changed...
Please see the post on my website for commentary on this chart. cryptowaves.com