A potential double combination scenario with double zz - X - triangle ABCDE with a false head & shoulders breakout D wave - could retraced as high as 0.786 fibonanci of previous wave and possible E-wave coming for liquidity zone.
A safer long entry @ wave D breakout after liquidity targeting at the next liquidity zone +110%.
Good Luck
I underestimated extent of corrective wave on last post and thought we would end with double combo. However, it ended up being a triple combo
Target still 4300s by mid-March
Hello traders and investors,
Today we are looking at the IAG chart (International Consolidated Airlines Group) , one of my favourite charts after the big US cap company. As we know, the airline industry (and hospitality sector) is one the most affected by COVID19 with a low passenger volume. After the first spike of enthusiasm and optimism (around March 2021)...
Looks like Bitcoin is preparing to make its final drop to $5400
which is the 78.6% retracement from $3k to $14000
setting up a nice launch pad to send us to new all time highs!
We could break through the channel with force or maybe see slight resistance dragging us along $5500ish
but as soon as we break the channel after bouncing from $5400 we will see the new...
The rejection from $9400 has shown a continuation to the bearish trend .
The 42% move had many thinking the correction has ended when it was only an
X leg of a Triple Combination WXYXZ 3-3-3-3-3 pattern (7 points)
Potential target of $5500 in Feb 2020 using Log scale
The rejection from $9400 has shown a continuation to the bearish trend.
The 42% move had many thinking the correction has ended
when it was only an X leg of a Triple combination WXYXZ
Potential target of $5500 in Feb 2020 using Log scale
GBP/AUD has completed a triple correction (WXYXZ)-(Flat-ZigZag-Flat) in weekly time frame, also it forming a rising wedge with a strong bearish divergence to the down side.
TRX finished a 5 wave impulse and is correctly experiencing corrections. A WXYXZ correction has been completed and TRX could soon start impulsing. The 5 wave impulse could be the subwaves of intermediate wave 1. That means the biggest wave (wave 3) has yet to come. I used the fibonacci extensions at 1.618, 1.272, and 1 to set the targets.
Price has started into a correction. Appears to be making an expanded flat combo, to me at least! Traders, what do you think? If you think it's a good Idea give me a thumbs up, and as always I appreciate comments! :D
price acts as corrective structure and looks like a double combination or triple combination.
still there is no trade setup, we have to wait to see a clear structure.
There are 2 different labelings, blue one is WXY correction ending with an ending diagonal ( red numbers refer to blue scenario and ending diagonal) and green one is WXYXZ which is not finished yet;...
The pattern is triple combination ending with triangle.
I'm looking for a break even trade at the break above 0.71723.
Break even trades are trades which I enter and I move my stop to break even as soon as structure allows me.
this is long term view of USDCAD
there are 2 main countings for this pair. black one which indicating that uptrend is over and the purple one which indicating a deeper correction for wave 4 and another wave to upside as wave 5
lets see which one is going to happen
