Hi All, I am sharing an alt view on Eur short as it also makes sense from an EW perspective - my rule when it comes to analysis is to not rule anything out until it is unvalidated so this could also be in play. Alternative Short Count: Wave 1: Off the break of the triangle, there has been an impulsive wave down. Wave 2: I have this wave as a double ZZ...
Hi All, Interesting moves this week and based on the count, I think Looney is looking like it is about to fall and start wave 3. Please see my count update below. Count update: Big picture: From the screenshot below, I have been tracking the final wave 5 of wave C of an ending diagonal which has hit a key fib level where wave A = C at 100%. This is followed...
It seems we have a great opportunity to LONG this stock, as price action has progressed through structure almost reaching the Blueberry EMA, which would provide a high probability Entry LONG as well as breakout of structure going LONG. Overall structure shows bullish trend but I'd advise caution on entry as we could see larger retracements down to the bottom...
It seems we may have a confirmation of the end of a Wave 2, ready to trade a Wave 3 LONG. TDI in this instance shows almost oversold position and would correspond directly with the price action and structure. The Mustard, Ketchup, Mayo and Blueberry EMAs have also all crossed (note Crossing of Ketchup and Blueberry EMAs) suggesting an imminent reversal to go...
It seems we have an overall LONG on a BULLISH trend for a Wave 3 completion. There is also a possible Bullish Butterfly pattern available in the Hourly chart to use as an Entry point on this stock. All EMAs show Bullish trend confirmation with TDI also giving previous overbought signal confirmation on the potential Bullish Butterfly about to form. In my opinion...
Hi All, I've been looking at EUR, DXY, Cable, and Swissy for a while now and my counts are all pointing to USD falling. (Please review my previous posting) - This also tells me that the looney will be falling as well. Revised count: Wave 1 - From the top labelled as (c), A clear 5 wave impulse down Wave 2 - Flat correction Wave sub 1 of 3 - from the...
It seems that FBR (FastBrick Robotics Ltd - House Building Robotics Company) has already completed a wave 2 and is now on it's way 1/4 way through a wave 3 Impulse wave. Based on company fundamentals and performance, it seems that this not only would be great to long, but also great for investment portfolio investment stock. In my opinion, I see this company as...
It seems we have a 100% confirmation of TGT (Target) going SHORT on a wave 3 on Intermediate, Minor and Minute Periods. MACD, RSI and Stochastic all show oversold positions and we shall see on next open of market, how far down the price action gap will take us before we see an upwards move on a correction because continuation of downwards Impulse move. SMA also...
You can see 5 waves within wave 1 and abc correction within wave 2 very clearly. If wave 3 is next, this will be a big drop. Keep in mind, Wave C within wave 2 could have more bullish room to go.
AUDNZD is started a new impulse wave 3. Target wave 3 will be complete at 1.0860 area
We are looking for a breakout buying opportunity for wave 3 around 160.00
Hello guys, What do you think about this wave analysis? It seems we are on the beginning of the 3rd wave hear (the biggest move according to Elliot). ABC retracement is completed between 0.382 and 0.5 fib retracement levels. We can see the pair gaining more volume on 0.5 fib level with the huge bullish candlestick. Even though I am already long on this trade (see...
From the previous analysis(link below). I think gold is going down and yes it went down from the 1338 to 1315 But, I think I was wrong. Maybe, wave (iii) has not revealed itself yet. I will use this new wave count for the next week. This set up will invalid if price below 1300.
There is an opportunity to invest as the price action is moving up to Wave 3 after confirming and completing a regular flat corrective structure. Now we shall short corrections and high jumps in price movements. Target 1: 56 Stop: 49
Pullbacks and short-term corrections marked on the chart in blue are for illustration purpose only. They hold no significance in terms of price or time. Read EURUSD weekly outlook 15th – 19th August 2016 for complete details.
Now there will be 1000 reasons and theories why Nifty dropped down from 8720's.To check n validate whether those are right or wrong is not our job and that's not worth our time. Let those reasoning's be right, it cant make any real money, but if you have traded in right direction with your trade plan( Be it fundamental or technical) ,if you made money you are...
All indicates Primary Wave 3 is in its early stages for VALE5