Over the top, there had been an impulse falling and a Zigzag correction(maybe this is lower high). Let see a strong momentum downward which go through easily the rising channel. I would not like to see oil on a new high! There is a risky trading plan and more conservative after the channel breaking. Let see the next move. Disclaimer We reserve the right to make...
After an impulsive rise which had taken over the previous high, there is three waves Zigzag correction just on the .618 Fibonacci retracement level. I like this combination and there is a swing trade plan on the chart. You should know we are just a few hours before the FED rate decision!!! Consider this circumstance when making a trading decision Disclaimer We...
Tomorrow is about the FED, but it seems USD is getting come back. It has done a three waves Zigzag correction. The wave C seems complete and the Fibonacci level(.786) has been reached, so the next coming wave should be UPward. If it will be than this new wave will be spread through the forex market.
A clear three waves structure, failed breakout from the channel. It is an A-B-C Zigzag after the Covid bottom. The rising is final? New low will come? We will see but everything will be decided around 220 - 200.
PPG industries (PPG - NYSE) looks like forming ABC simple zigzag. It seems like wave C down is already started. Sell with stops above 98.80 level for target below 70.
After the coronavirus diving, the Spanish market was able to ridiculously weak rise. Not able to reach the 0.382 Fibonacci level in the last 50 days! The rising from march low has a corrective 3 waves style like zigzag in Elliott wave theory. The bears are in control, just had a nap. The rising could continue for a while, but 7500 is a strong resistance I expect....
SAP SE (SAP - Xetra) is in ABC zigzag up move in 60 min time frame. Currently price is in 3rd wave of C wave up. Overall the stock is in strong up trend and in weekly it may in 5th wave, which means the up move in 60 min will be impulse. Next movement will decide what will gonna be impulse or ABC.
As in the related ideas seems I was bullish in oil, but today's conditions seem to be overbought! The upper line of the channel could be a resistance! Here is the 1.618 Fibonacci level which is the ideal level of an A-B-C Zigzag. And the structure also seems to complete five-wave in C wave. Here is a resistance zone(red zone) I'm expecting a failed break up to...
3 waves correction has been developing from 10380. Its shape is a correction type. The 0.382 Fibonacci line and the upper line of the rising channel should work as a resistance. The short juncture has been unfolding and the DAX must not go above 11140!
EW labels as charted suggest an ABC is unfolding in a Zig-Zag corrective structure: The 5-3-5 pattern is emerging, with the C wave 5-impulse remaining to fill; Bear market rally 'B' wave has taken form of a WXYXZ 3-3-3 minute wave pattern, 3 counter waves each in turn consisting of 3 minute waves (minute labels omitted for clarity); the double topping ending...
I expect a corrective rising and after that, the impulse wave 3 could drive FTSE lower to a new level. Break down the 5261 level will back this forecast. Without the 5261 level surprise, new high could be happening.
As described on the chart. Happy trading week!
After reaching local maximum of 10.500$, we see correction in bullish flag. This flag contains triple ZigZag with ZigZag X-waves (WXYXZ). It means that both X-waves cointain ABC simple ZigZags. Market price is at the point Z right now, so potentially there is a possibility to bounce upwards on this support but more possible is to finish target of WXYXZ. The most...
This came to me in meditation, and this is a good thing, usually. The chart is ugly with no great trend, but this is what I'm given. I do technicals and then a "reading" with my pendulum and cards. What I'm seeing: - weekly timing just counting bars, and it appears to be in a weekly timing window. - 200 EMA at $83.42, 50 week MA $82.45, weekly ATR trailing stop...
Formation of Zigzag Correction Pattern.
Price is struggling Forming Correction Pattern.