after completing the flat we started a wave up and then a wave down then up and finally down. I think this wave down is probably the forth wave of a impulse regardless of it's degree. So to determine the take profit and stop loss i suggest to use wave 1 territory, that would invalidate my count. For take profit i used fib extension of wave 1 to 3 and starting...
We have been following Micron closely and waiting for wave C to complete. It has and we are positioned for big gains over the next 5-12 months. This movement will outlast our projections for the major markets. What are the reasons for the rise, tops and drops? Our guesses align with trade, and politics. Our full analysis is at Elliott Wave Ideas dot com.
Hi followers, don't miss this shortsetup - in referring of the previous analyze for CADJPY.
Hi followers, don't miss this shortsetup - in referring of the previous analyze.
This is one chart I will have up on 1 of my screens as news hits. I feel like this one could be an unexpected buy for 1 more push up. A lot of USD and Cad news this morning obviously. I may not even take a trade this morning, we will see. I pointed out before the amount of high concentration of fibs and fib extensions along with equal length to first larger wave...
I believe Bitcoin could drop to recently lows around 2950 once more and test the previous low, which coincides with the trendline support. Also I can see a small inverse head and shoulders pattern forming in the small time-frames, I also believe that if this pattern were to valid, the target would also be near 2950-3000. In addition, I see that cryptocurrencies...
AUDUSD is moving nicely down as expected following that turn down from 0.7584 resistance that we highlighted a few times in our past updates. We see pair now trading near 0.7500, but in fifth wave so downside can be limited in the near-term as new three wave rally may show up.
Looking at the technical point of view, I can see more to come on USD/JPY. The area that I many people will take profit of the positions is 120.00 (0.61% fib of 1998 high and 2012 low + upper line on pitchfork + trend line + great size to be wave 5). I'm already long and will buy in every correction above 108.00.