Looks like a wedge or triangle setup happening based on the support lines appearing in the wave structure ... it could break out sooner than indicated so just be cautious because we are in an uptrend ... safe bet is to wait for the low before buying again ...
Price seems to be sitting on the support for the completion of the "symmetrical triangle" ... If the price breaks out of the Top-side we could expect higher highs ...
So, I'm sure by now you all know how GBPUSD loves to catch people using the expanding flat correction !!! I seem to have spotted one that is on its last leg of the intermediate wave (5) of the larger wave ... this is a great opportunity for a short-term SELL position to complete the wave of the "expanding flat" correction ... For a lower-risk trade, you...
A possible triangle formation happening ... The structure looks sound !!!
Looks like the 1hour TF trend is changing ... we might see some new highs for the completion of ((B))
Looks as though OIL is completing the intermediate wave (C) of the Primary Wave ((2)) ... Price has also reached a support area in the price range of the intermediate Wave (4) ... Price is also at the 50% Fib Line ...
Looks like we are completing an intermediate (B) of wave or primary wave primary
DXY Short-term LONG Setup to complete Wave (c) [2} bearish Count
by the average Price and count, we should return to support by the previous wave 4 of the same degree
Buy GBPUSD to complete a Flat Correction 3-3-5 Sub-wave
this idea is to trade the 5th wave if wave 4 was a truncated zig-zag
GBPUSD Fibonacci Spiral Analysis ... looking at this progression of the wave structure using our Fib Spiral, if these cycles are repeating themselves, only changing in larger degree, we should start the C leg today or next week ... lets see how things unfold 😉
if the wave count is corect, we are completing wave 3 of Cycle Degree, wave 4 should complete at around $8000 to fit within the channel.
If the wave count is correct we could expect price to reach $69.00 this time next month. we have a nice channel which looks as though the 4th wave is completing.
im seeing a great sell opportunity around the $8000 price range, price is below the 288EMA, we should see the price going down to the $5250 over the next month.
i'm spotting a fifth wave extension on the C wave of Miner degree indicating a buy opportunity at least the the 2nd wave of smallest degree.
Look as thou we have a completed c Wave which created a 5 wave structure of smaller degree, i'm expecting the price to start dropping down to the bottom of the channel.
i'm looking for a much larger correction to complete the C wave in the price area of 141.88700