The Correction from 7003 reached 7050 before turning and breaking the up channel 7050 marks the 61.8% Fib from 7080-7003 The correction up unfolded as a double corrective structure. Since we have broken the channel and formed wave a of the larger wave Y at 7012 - looking to sell retracements in this leg up towards 7036-7041 which holds a confluence area of Fib...
In daily Ozzie is making series of threes in diaganol. And showing continuous divergence. If E wave completes then 2016 goes upside.
After recent rally we expect consolidation for a few weeks. End of November a 5th wave begin, going up to new high for 2015. Target = ¥7306 / $1148
Last week's price action gave a clear signal that EURUSD is bearish. To start the week, we have an ideal scenario to sell EURUSD. Or at least appears so . 1. The Daily Channel/Trendline dating back the middle of May, has been broken, and price is consolidating just below. 2. Previous strong support from the beginning of September at 1.1086, also broken and...
The Daily Count on EURUSD is a very simple corrective structure so far. We've seen from Lows in March an ABC structure to make up the wave of a larger degree in Wave (A) For the most of summer, we see an ABC structure to make wave (B) And we are now in bullish wave (C). The pull back over the last few weeks has offered good buying levels, Will be looking for...
An update to my previous post, The wave structure has been altered slightly in the second leg, based on recent developments (the new low seen today) The view from here is, we should see a very minor bullish retrace in the leg from 1.1153 against circle wave b 1.1312 and then see one more low to complete the downside structure. The likely completion point for...
Yesterdays Trade idea presented a buy in EURUSD against a falling trendline which eventually broke. The Wave structure on larger TF's (4H & Daily) still points to bullish, and thus looking to buy on this dip. The structure based on the hourly wave count shows that cycle is quite mature and potentially in it's ending stage. A conservative view here would be to...
The updated 15M wave count shows the cycle from 117.56 has now completed as circle wave w We have already retraced in circle wave x to 113.23 - and are expected to start circle wave y. Invalidation for this view comes in at 113.23
GE looks like it is consolidating, however the Wave count shows it remains within a bearish trend. The first big leg down from 27.30 to 25.50 has been marked as wave (A) and now looking for wave (C). Wave (w) gives a strong indicator that we should still see another leg lower, offering an excellent sell oppurtunity at 26.21 for the next leg down. Breach of wave...
The updated wave count shows AAPL has potentially completed an upside correction, and can turn bearish from current levels once again. Key levels are 117.56 for wave b, but more importantly, a breach of 120 -wave (b) invalidates the count. There is an alternate count in place that shows the entire move down completed from 134 highs.. A breach of 120 will...
Rally in July from 1.0803 gave us corrective structure.As description in main count chart explains, we should see a low to get completed. MACD below zero without crossovers strengthens our view to in hold short positions and take profit near 1.0870s
We are in the middle of a three wave correction. Wave B is completed with the Triangle correction. Expect a 5 Wave move upwards to complete Wave C.
Yesterdays Wave count was showing one more leg up in NZDUSD with targets at 0.6668 near the channel top. The view has changed slightly. As the upside channel was broken, it has introduced the view that the cycle from (B) is unfolding as a double corrective structure in the (C) wave. So far, today's highs marks W, we should now do a pull back in Wave X, likely...
EURUSD on the 15M chart looks to be doing a double corrective structure to the upside. So far we have already completed wave W and Wave X. In Wave Y we have done the first leg up, and pulling back to completed Wave B. Expecting Wave X @1.0921 to hold for this view to remain valid. Looking to buy for a move to 1.1050 (refer to 4H view).
The 1H wave count shows the pair in an Double Corrective structure to the upside. So far the first ABC completed to form wave W @6600 with a pullback to Wave X @6544. Upside resistance comes in at 6668 which is 4H Resistance, and marks the first potential completion area for Wave Y
Price commentary can be found at the following post on my website. www.cryptowaves.com