PDMphahlele

PDMphahlele Updated 

Looking for a possible retracement to 1.18500 to complete a running flat abc correction in the larger degree based on historical chart data. after completion of the abc , i look for a possible short opportunity around the 1.18500 market position.

PDMphahlele

withing a 1hr timeframe an abcde correction is forming in a lower degree , the direction of trend is an uptrend looking to complete a wave 5 , within a larger degree of an abc correction based on historical data

PDMphahlele

My take : Price can continue with upward trend since it has completed an abc correction already , provided it breaks out of the channel n retraces to spike the channel before going up. Or alternatively EURCHF will retrace to complete abcde correction before trend continuation to larger wave degree wave B correction.

PDMphahlele

Gold completed wave b , now en route to retrace to the 61.8 fib retracement to complete wave c.

PDMphahlele

Previous channel trend lines for wave 4 got broken , hence my alternative view with little alterations to the initial idea. Wave 4 complete ,Trend continuation to complete wave 5.

PDMphahlele

Price has just completed the abdce wave 4 triangle , possible move would be a short downwards to complete wave 5.

PDMphahlele

RETRACE TO X AT 50% OF W wave , POSSIBLE WXY SETUP