McCarteen

McCarteen

Yet to see total dominance either from buyers and sellers. Although I still have analyzed in favor of sellers not excluding the market possibilities of behaving otherwise.

McCarteen

After an observation of the melt on dollar cad, it is safe to say the cad is not playing around. Price tested the 0.38% level and met instant rejection, that's when we realized that the cad isn't playing around. We can expect a drop clearing the recent lows.

McCarteen

After the pull back labelled wave (1) price has been struggling to pick up just like Chelsea losing Kante, they were never the same they haven't picked up. So now price has been softly rising in a zig zag preparing to fall, imagine it like Arsenal softly rising the table to the top only to fall on the final day, yeah just like dropping a bottle.

McCarteen

The strong rejection of price at wave (B) has be followed by a decent pullback to the upside which might suggest a preparation for sellers to take charge. The drop is expected to be significant so price could be expected to clear the recent low of the start of wave (B).

McCarteen

The past few weeks price was on a recession wave which might have found a strong zone at the 61.8% fib retracement level. Our next study is to see whether price triggers our orders or it proves us otherwise either way we adjust to the conditions before us.

McCarteen

Price might be ready to push up after price broke through the end of wave 1. From here it is all about watching price reaction.

McCarteen

After the recent unfolding of price, price might have formulated a corrective structure that might prepare buyers to take control. A further study as price unveil itself for the next move, cautious at price when taking out the wave 4 level and an invalidation of my idea if price takes out the start of wave 1.

McCarteen

Price might have completed its recession after a reaction at the 78.6% fib retracement level that demands attention. The reaction of price might be a setup for buyers to push price up to the end of wave A

McCarteen Updated 

Price completed its corrective move a while ago so it has been about finding impulse weakness to jump in in case price flies.

McCarteen

Caught a rest on price which still looks to push up to the 61.8% level before we can get an actual confirmation that price is about to drop. Hopefully the last leg as wave C will confirm our complex structure assumption and we will get ready to observe whether price will drop or continue to rise.

McCarteen

Price keep on pushing away further from our invalidation level, and that will helps us to position ourselves for more positions if price happens to enter a corrective phase.

McCarteen

Price can be assumed that it has finished its long term downtrend and the current bullish impulse move might suggest that the bulls might be back on the run.

McCarteen

Analysis Tesla - Price seem to have formed what I assume to be a 3 wave A-B-C correction. - The final Wave C leg is in progress which is always motive. - Recently price tested the 38.2% fib retracement zone where I assume wave 4 ended. - At the moment price might drop below to test the 100% extension of Wave A through B.

McCarteen

Analysis - The current sideways movement might be correcting the impulse which ended around the 0.87189 level. - If so then the current structure looks complex to be a triangle or a complex (w-x-y) correction. - I will invalidate my triangle analysis if price breaks below the 0.85648 level. - If price breaks above the sub (B) wave of wave C I will consider growth.

McCarteen

Looking to take advantage of the ending diagonal reversal pattern. Grab a copy of our premium analysis and see how we follow it through.

McCarteen

I present to you my 4 hour(s) chart where I see a structure which looks motive with wave i to iv seem to be complete and wave v yet to complete. Basing my attention to the final unfolding of wave v. The internal count of wave 1 through 4 is visible with wave 3 traveling 1.618% of the multiple of wave 1. And wave 4 overlapping the top of wave 1 forming an...

McCarteen

My invalidation level was hit and I had to adjust. It has come to my attention that I can label the whole advance as a complex correction for now. With a reason that a final wave C always unfold as a motive wave and the current structure does not look motive. Now I labelled the top wave (x) as the preceding move looks like an A-B-C move which I will label wave...

McCarteen

On the hourly timeframe the major swings are overlapping which might mean price is in a corrective face and yet to continue falling. But alternatively price might be forming a 1-2 1-2 type of a movement which signals an extension to follow. At the moment I am expecting price to correct and at least find support at the 78.6% fibonacci level of support. A happy...