I believe that Bitcoin has mad a double correction labelled as WXY and each individual as ABC.
I think the second C wave or Y wave will end in the highlighted zone.
From this point I expect upside. This will either be an X wave if the correction becomes more complex, or the begging wave of a bull run(1).
In the area of the top two horizontal lines is where...
I have labelled a five wave count and believe to be witnessing the unfolding of a C wave.
I do think the B wave may be a very short lived, shallow correction, almost a stall of price action before the C wave occurs.
RSI and MACD seems to be looking upside.
The moving average is approaching price action from below indicating upside also.
On this trade stops could...
On this chart I see an impulse followed by a short correction.
I anticipate a downwards move towards the trendline.
If there is consolidation on the trendline similar to the corrective pattern we see now, then I expect a break of the trendline and continuation downwards.
Also I have labelled an ABC pattern with C being 1.618 times larger than A and wave B...
I see EURJPY to have made a five wave structure and made an A wave.
I see the B wave forming and the moving average coming close to touching price action.
I expect to see a downwards move to around the 61.8% level.
Any advice or feeback is appreciated.
I see an almost completed elliott wave count as the B begins to finish (if it doesn't become more complex).
I expect to see price fall once it reaches the highlighted area and will be watching for a break on the corrective trendline to confirm downside.
I expect prices to fall quite sharply if trendline is broken.
Any advice is appreciated.
DJI appears to be in a corrective period.
I have seen this as a zig-zag which has led on to either another zig-zag or what may not have finished triangle.
I have added the moving average for extra confluence and the market appears to have made a very short term flag (trend continuation pattern).
To me this is looking upside and could potentially be the start of...
I see that GBPUSD has been in quite a strong uptrend for some time now and has began correcting.
I have labelled the correction as a zig-zag followed by a flat. It does have the potential to become a more complex correction,
however, it is looking upside regardless if it continues correcting or resumes the uptrend.
I have drawn out how I see the flat to have...
I see this pair to be creating the elliott wave structure upwards.
It appears to be making the fourth wave, and I have drawn the fourth wave down to the lowest possible point it could correct to.
If price action passes the fourth wave marker then this count is incorrect.
I also noticed that the Fibonacci retracement marks the 61.8% very close to where I drew the...
It seems that DXY has been acting within this price range for some time and I have seen it as a more complex pattern.
This is the fist time I have posted a WXY formation so any guidance or pointers on these is appreciated, as with all trading knowledge.
I anticipate price to continue upwards and finish around the trendline.
If that is the end of the correction,...
Gold seems to have finished the 5 wave pattern which my other gold prediction covered.
The five wave cycle has finished and has formed an A wave, is currently in the B wave and I am looking at any break of the short term trendline.
This would confirm downside.
I would not be surprised if the correction did retrace to the 50-61.8% of wave A before wave B...
A-B fib retracement shows the D finish in 61.8-78.6% area.
I expect price to fall into the 61.8-78.6% area of retracement C to D.
I am waiting to see if it is confirmed for further downside at this point, before making any further predictions.
GBPUSD looks like it has finished the 3rd wave and has began correcting.
I would expect price to climb to the 61.8 to 78.6 % fib retracement level finishing the B wave.
I then would anticipate price to fall down the the 161.8% level of wave A.
This would complete the first of possibly 3 corrections.
If entering, I would wait for a larger/engulfing bullish...
GBPCHF could be forming a flat corrective pattern.
It has made the (3-3)-5 structure so far and has made the first wave of the 5 wave structure.
If the 5 waves are made it would confirm the flat.
The fist wave has been coupled with a correction which I expect to terminate at the 61.8% retracement.
Following a break of this short term trendline it would confirm...
I see GBPNZD to have made the 5 wave elliott structure.
It appears to be making an ABCDE flag pattern (correct me if I am wrong or you see different).
I am not fully convinced that the E wave has finished and it may continue down for a short period of time to create a 'throw-over' before resuming the upwards trend.
I would wait for consolidation just below/just...
USDCAD appears to be in the ABC cycle down.
Wave C seems to be the current wave.
The fist impulsive sub wave of the 5 (C) wave pattern has completed.
Sub wave two has created a running flat (please correct me if I am wrong).
From here I expect USDCAD to fall and go on to either create the 3rd sub wave (impulsive), or continue to create a more complex...
BRK.A appears to have completed the 5 wave elliott wave structure and is showing signs of downward movement.
It seems to be creating a 5 wave structure downwards, which would be the A wave of the corrective cycle.
Wave 3 is currently in progress and I would anticipate some consolidation around the trend line to confirm the 3rd wave continuation to the negative fib...