This is a composite eeliot wave count . we can seea correction of flat pattern.... we hope for a resumption in the down trend soon..
After the completion of the 5 wave count of the CD leg of the shark pattern we expect a rise in price to minimum of 50 to 61.8 of the CD leg
After the completion of the 5 wave count of the CD leg of the shark pattern we expect a rise in price to minimum of 50 to 61.8 of the CD leg
A butterfly pattern has been spotted on EURAUD, we are expecting a reversal in trend to a minimum of 1.36170 price of X in the butterfly pattern ,, stop loss is behind the 361.8 fib, level which is the last extension for butterfly patterns these days .
Based on the harmonic pattern spotted we expect push up in price for USDCAD to minimum of 50% of the BC leg shown in the chART
we have recounted the subwavaes of the wave 5. As shown on the graph it definitely remains one leg down which should be the wave v of 5.
i am expecting a long move in price on Eurusd as shown in r=the chart
As shown on the chart ,the 5 impulse wave was completed with a shark/5-0 pattern. An opportunity to go long with a candlestick confirmation ( bullish hammer). Stop loss and target levels are shown on the chart.
The daily candlestick ended has an hammer, this is a strong reveral candle stick pattern. Hopefully this confirms the end of the 5-O/shark pattern spotted. We are ready to pick a buy position on this pair for a risk: reward of 3,9.
it is either we are currently in the wave 4 of a leading diagonal or we are in the Y leg of triple zigzag correction ( WXY). Let us wait and see how price will react in the few days ahead beforee making our final decision
expecting a seel of wave 5 .. Our target is minimum the end of wave 3
If we consider the 5-0 pattern we will conclusively wait for a bearish candlestick confirmation at the 50-61,8 of the c-d leg to open our sell position. Like wise, from the Elliot wave point of view, we are expecting either wave B of the zig zig correction or a resumption of wave 3 impulse if the correction is complete.
a complete 5 wave count of the C leg correction has been vividly counted. And also a divergence spotted. We advice to hold our sell position so far the invalidation level is not broken, ( the high of wave 1 ).
As we can see on the chart , the CD leg of 5-0 pattern is a complete 5-wave.. we are expecting a corection of the 50-61.8 fib. level of the CD leg.
the pair has completely corrected the impulse wabe with a zig zag pattern labbeled A B C in the chart above, we are expect this correction to be the wave 2 or wave b. then we are expecting a resumpption of the sell , with a five impulse wave serving as the wave 3 or wave c.
USDCAD Short term Elliott Wave view shows that the decline from (1.3669) is unfolding as a 5 waves impulse Elliott Wave structure. This suggests that the wave 5 is near complete and we can soon see a correction to the upside. This should ideally be 50 to 61.8% fibonaci retracement of the decline from 1.3669.