This pair has completed a descending triangle and has exhibited a strong breakout to the up-side. I want to be bullish in the long term after this correction. However, this correction is very possibly going to be sharp to the downside to satisfy the Elliott Wave rule of alternation since we saw a sideways correction in wave-2. Also, the previous red candle was...
I can see a bigger wave 2 forming in red and a 3 wave forming in blue. What enforces the move up it is the 61% of retracement of wave 1 in red and 161% of wave 3 in blue. They are exactly in the same price zone . Let's see now Good luck
USOIL is tough to predict in these sideways corrective waves, however there are some knowns based on wave structure. The most potential outcome based on recent structure is further downside. A bearish impulse off of recent highs will solidify the speculation and garner a potential short. Keep an eye out for a drop. Happy trading
Hello everyone, I took the gartley pattern last week and still believe we can see more downside with this pair. I have highlighted the target on the chart for now even though the price could drop even further. Did not highlight the first target since it's really close to it. For any questions leave a comment or DM me. Good Luck
For those who did not catch the previous move the market seems to be providing another sell opportunity. Sell the breakout of the corrective structure.
Current wave formation in this pair may provide fantastic outlook on how wave patterns work. It seems that to become an impulsive wave of larger degree the current setup is missing the last leg or fifth wave. It would be prudent to wait the moment correction ends and buy the breakout
Possible wave structure - CADCHF has made another very similar correction and i will be looking to buy a pullback from here if we get one please see linked chart
Wade D is not finished yet. Please trade with patience and care.
This post is for analysis purpose. Please trade carefully.
ABC Pattern in AUDCAD is completed. Please trade carefully.
Copper is in a big down move It has finished a 3 wave correction on wave 4 There is a very good chance that the next and last down move is starting right now. Therefore, looking for sells in the lower time frames seems like a good idea. Good luck with your trading.
THE WAVE CORRECTIVE STRUCTURE IS FINALLY ABOUT TO BREAK. ONCE IT BRAKES PLACE A "BUY LIMIT" ORDER AT THE RESTEST! TELL ME WHAT YOU THINK
At the moment I would be expecting a corrective trend to the downside, later a signal to enter long ... the risk would be place at the point where the trading idea is invalidated. Regarding the green lines those are areas where supply could be found, therefore those levels could be clasified as preliminar resistances Be aware that any trading decision must be...