The_capit4list

The_capit4list

AB=CD wave in motion, Wave BC = correction. Following long term consolidation, market finally breaks away from consolidation. On lower timeframe we could clearly see a complete retest on the dotted border line, price action. We expect to see market rise from this level to complete wave CD.

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1. Sterling has given us a complete retest at the end of wave D, where it also tested a historical high. 2. Major ABCDE correctional wave in play 3. The idea here is to sell kicks of a dying horse, final wave "E" of the ABCDE correctional wave. _____________ Professionally Yours The Capitalist

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buying 3rd wave of 12345 elliot wave count

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Breakout followed diagonal wave ending of ABCDE, on lower timeframe price has given a complete retest.

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Anticipating breakout above 50MA and above border line to give us a 50% pullback from previous wave. Fall back to give us that retest, this is where we'll have our limit orders in place. SEE PREVIOUS PUBLICATION

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The bigger picture on Dollar/Yen is to buy the next wave... Market gave us a breakout north above 103.90, pulled back to retest 103.90 before markets closed last week with price resting on this level. { confirmation is a breakout north on 4H chart } Buy price retest.. SEE NEXT 4H CHART TO GET THE PICTURE

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The end of 5th wave of 12345 impulsive wave structure? and also wave E of ABCDE correctional wave came to an end with this previous week close.

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78.6fib or (1.1883) holds as strong resistance, this level has been tested three times. Structure: Breakout, Complete retest Market heading south

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Based on the theory of ABCD wave. Wave AB is directly proportional to wave CD Wave BC = Correction CHANGE IN MARKET DIRECTION Pay attention to price action on lower tf, boarder line AB.

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see related ideas, previous publications

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Assuming you are familiar with with Wyckoff's theory of market cycle. This two boxes resemble price distribution on different key levels, pay attention to price markdown following distribution in the first box. Also major ABCDE wave is in play, D = Price Distribution, the idea is to sell the final wave 'E' of the ABCDE correctional wave which is also Markdown

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Gold to give us one more drop ahead of US elections ABCDE correction wave complete with final wave 'E' resting along the boarder line. Pay attention to price rejection (long wicks) towards final wave 'E'. Markdown = 3 levels of fall (we're selling 3rd level of fall)

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GBPJPY is channeled between upper and lower boarder lines and within this boarder we find an ABCDE correctional wave. Price is trapped between 50fib(136.54) and 61.8fib(136.28). Trade will be invalid if market breaks below 61.8fib (136.28), breaks out of trend/below border line. The idea here is to buy trend continuation, when marked pushes above 50fib (136.54)...

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= Expecting to see a trend continuation after complete correction. - I will open orders once market breaks up north and pulls back to retest.

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AB = CD : Both these wave are impulse waves and impulse waves are made of 5 counts. Market is in its 4th correctional stage of impulse wave (CD) 4TH wave is holding support at 50% correction of wave 3, this level also intersects with 50MA (tells us how strong the level is for possible bounce off. If wave 4 breaks this level and trades bellow wave 1 the entire...

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Check previous publication

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ABCDE correction in play, final wave 'E' rests at support level (1,7340) According to wave theory, market will give us a reversal trend upon completion of wave E. On the other hand market enters 3rd impulsive wave of the elliot wave count. Wave E is not fully complete, pay close attention to price action on lower tf. Observe how price reacts around that area and...

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Don't ever get lost in the cycle, it becomes essential to find yourself in line with the then stage of market cycle. If market breaks out of trend the entire setup becomes invalid. Breakout and pullback 4th wave correction coming to an end (watch price action on lower timeframe) main idea is to buy trend continuation or 5th wave of the elliot wave count.