6.1.8.Family

6.1.8.Family Updated 

Buyers have been dominant leading to the series of Higher Highs(H, HH1, HH2 and HH3) with the corresponding series of Higher Lows(L, HL1 and HL2). However, "Point F" is challenging "HL2" instead of creating a supporting Higher Low. And since the last push by buyers was very brief, it's likely that we see a reversal in the direction of price as momentum...

6.1.8.Family

The short-term expectation is a likely drop in price to about the 290.00 level before a last push by buyers to the -0.27 Fibonacci Level. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.

6.1.8.Family

This is likely to be a small trade to the upside. But, I'm not sure how fast price moves to the expected target. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.

6.1.8.Family

It looks like buyers are crawling at the doorsteps of sellers after sellers are losing steam. Scratch that, I think buyers are knocking aggressively. This is because sellers have retraced only 50% of the "move up by buyers" and they are already on "leg 2" with "leg 2" showing weakness in strength. This gives opportunity for a buy trade although I can't tell when...

6.1.8.Family

As the bullish move is losing steam, a fall in price is to be expected. This fall in price could be the beginning of a bigger corrective wave down or it could be short lived. Either way, this gives opportunity to milk some pips from the market. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.

6.1.8.Family

The next favorable opportunity is a sell on GBPUSD in anticipation for the next impulse wave. However, price is likely to make only small movement until the release of NFP. In my opinion, NFP makes or breaks this trade. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.

6.1.8.Family Updated 

Taking a sell position in anticipation of a Contracting Flat could be very rewarding taking into account the risk : reward. Predicting a Contracting Flat is an uncommon idea since it's not part of the classical pattern discovered by Elliot. But, this pattern occurs often so taking this trade is a good idea but risky. Trade with care. Use a strategy you have...

6.1.8.Family Updated 

Price is in an expanded correction after the push up by buyers. Given everything stays the same, then buyers can start pushing price up again. Therefore, buying within the correction with the expectation for a bigger move is a good trade. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.

6.1.8.Family Updated 

This is a short term sell opportunity on the 10 year T-Note. However the bigger trade is a buy to test the upper structure line. If price behave as expected, I will post the trade for the buy. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.

6.1.8.Family

A buy on NZDCAD seems the most favorable option as price is in a correction phase. This correction can develop into two types of flats, Running Flat in "Scenario 1" or Expanded Flat in "Scenario 2". The only difference between these structures is that the latter breaks the low of Wave A while the former doesn't. And of course an Expanded Flat means more...

6.1.8.Family

With my eyes glued to my trading screen, almost not missing a tick on the EURGBP, the worst thing that could happen is missing this buy trade or perhaps not getting the setup I wanted so having to let this trade go. It sucks when it happens but it's trading so... Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.

6.1.8.Family

Lately I've been having fun practicing on literally any chart I come across so I decided to do some analysis on DPZ. Price is in an accumulation phase in accordance with the Dow Theory. If price continues to behave like this, then a move up is very likely. So I suggest buying some pizza :) 6.1.8. Family. More Than Just Trading.

6.1.8.Family Updated 

This buy trade comes after the formation of a potential Running Flat. Once confirmed, price could make a bigger move even more than "scenario 2" as illustrated on the chart or a modest move to 0.7790 price level for "scenario 1". Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading

6.1.8.Family

This pair intrigues me as I'm not certain whether or not this is the beginning of the big move down. However, a fall in price to test the daily trend line is likely. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.

6.1.8.Family Updated 

Price is forming a potential Ending Diagonal giving an opportunity for a short position. The fall in price is expected to test the "lower structure line" although it can fall short of it. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.

6.1.8.Family

What if the structure formation on the monthly time frame is a "Running Flat"? What if the structure formation on the daily time frame is an "Ending Diagonal"? What if the answer to the two previous questions is YES? If YES, then a move up is very likely. Hence, buying at the breakout is a good idea. Trade with care. Use a strategy you have tested and...

6.1.8.Family Updated 

Price is in a correction phase after the "1st impulse wave". Once the correction has completed, there is a high probability for "another impulse wave". These two impulse waves can be equidistant leading to a formation of an "ab=cd" pattern. A Cypher Pattern completion can cancel the formation of the ab=cd pattern. However, since there is a higher risk taking an...

6.1.8.Family

After the probe in price, there is a potential for more upside movement in price. This upside movement can easily test the "Daily trendline" before a potential fall in price. So, buying the breakout of the flag is not a bad idea. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.