TheAlaskanTrader

TheAlaskanTrader Updated 

4th Wave almost finished on Gold. $2200 would be 1.618 fib of Wave 4.

TheAlaskanTrader

Possible buy opportunity here. Looks like an ABCD Pattern could be forming, if price reverses from this level I will be targeting 78.00. Entry is on chart. From an EW perspective I think we are in Wave 4.

TheAlaskanTrader

Check out the chart!

TheAlaskanTrader

Check chart for entry and target.

TheAlaskanTrader

EW Analysis: Wave 5 is approaching 1.618 fib level of Wave 4, this is a standard reversal point in the cycle, a break below this level will mean longer selloff. On a bigger wave cycle, audjpy is in a ABC pullback, Wave 5 also C Leg. If price reverses it will also match bottom of price channel. There is some good signs it will be safe to buy around 72.2- 72.3...

TheAlaskanTrader

Wave 4 finishing up. Wave 5 short upcoming. Target 1: 73.95 Target 2: 72.52

TheAlaskanTrader

Wave 3 should be starting. Target 1 is 12350. Target 2 is 13050. Check my other BTC chart for a long term outlook. Big picture we are on Wave 5, should end arounf $14,100. Check out chart. Let me know what you think.

TheAlaskanTrader Updated 

WAVE 3 ENDED AT 1.618 FIB LEVEL. WAVE 4 STARTED. TARGETS ARE 75.39 AND 76.28. SEE CHART.

TheAlaskanTrader

It appears price may be reversing on aud/jpy, pin bar forming on 78.6 fib retracement level. We are still in Wave 5 on larger timeframe I believe. This bull run is running out of steam on the daily, just waiting for price to reach 79.9XX. Check out my prior ideas for targets.

TheAlaskanTrader

Could see a drop and retest of the triangle AJ broke out of. I don't usually trade against the trend but this looks pretty safe. Run a tight stop.

TheAlaskanTrader

So price broke out of the triangle finally and is now in 5th and final bull wave, of course we could always seen an extended wave but I'll cross bridge if it happens. Once price reaches 79.9XX area that is where we could see a major reversal, for one that area would be 1.618 of Wave 4 and also it is the .618 Fib Level of the September 2017 Swing High, so it should...

TheAlaskanTrader

Entry and Targets on the chart.

TheAlaskanTrader

So there is a legit argument that AUDJPY is now bearish, rightfully so, it has just between squeezed to the south side of the ascending triangle. That being said, I'm not still convinced. I believe there is possibility we could be looking at a bear trap, AJ could have one bull run left in it before prices see a serious decline. Also just for fun I found a Cypher...

TheAlaskanTrader

Here is a possible Elliott Wave Scenario for Bitcoin. If my count is right, Wave 3 is over and we should be looking at a Wave 4 drop. I’ll be looking to get into 5th Wave. Check out the chart, Wave 5 target isn’t for sure yet, won’t have that until I can get a final wave 4 end. Let me know what you think and share your ideas!

TheAlaskanTrader

Price is getting squeezed upwards, this should lead hopefully to a breakout in coming days. Once price reaches 76.8, it may drop down and test the trendline one more time. . Once and if price does breakout of this triangle my Target will be 80.00. This should also finish off 5th wave. Check my prior ideas for other info on this trade. Good luck traders!

TheAlaskanTrader

AJ in my opinion is still bullish, it got choppy for awhile but seems to have created a double bottom, which is good if you are long. I'm still targeting 78.00 for the end of 5th Wave. Check the chart and good luck traders!

TheAlaskanTrader

Overbought it seems and price is at a nice Fib Level. Keep an eye on this pair.

TheAlaskanTrader

So price broke out of the Wave 4(ABCDE) pattern it seems. If you missed getting into this long early there may still be a conservative entry around 72.64. When price reaches the prior high, a lot of shorts may be picked up with people betting on a double top situation, that could push price down to the 72.64 area, which is a spot with a couple important Fib...