WaveAnalysis

WaveAnalysis

My expectation is a big downward impulse as the wave C to complete a running flat. The last top can be the end of B, and the drop can be a reversal impulse. That's why I'll take a short trade if it makes a correction. The other option is an expanding flat between the yellow lines. In this case, I'll sell it after a new high and reversal structure.

WaveAnalysis

As you can see, my wave count consists of 4 degree of 12345 structures. It seems a bit optimistic, but there is definitely a chance for such downward impulse. That's why I want to take a short trade. To do that, I need a complete 2nd wave and a reversal pattern under the blue trendline.

WaveAnalysis

Despite the sharp and quite big drop, my forecast on the bigger picture remains the same, which is a running flat. That's why my expectation is still an upward impulse as C wave. So, I'm waiting for a correction to place a pending order. Then I'll move SL to BE asap because there is still some potential for more downside, and as long as it stays over the previous...

WaveAnalysis

My annotations indicate my main expectation, but there are some other options for the completion of the correction. Then we should see a big upward impulse. Now, I'm waiting for a new low (purple B) and a reversal structure to take a long trade. I do so because the new low can be the end of the correction. If I see any chance for one more downside after the purple...

WaveAnalysis

My forecast is the C wave inside a correction and more upside. That's why I want to take a long trade. As you can see, we have a potential reversal structure after the last top, and it's a valid trade setup. That's why I placed a pending order, and I'm in the trade now. My risk is 0.5% since another upward impulse after a small correction is also possible, and in...

WaveAnalysis

A correction should be in the making, and it looks like we have a complete B wave. That's why I want to take a long trade. I'll hedge my trade at the end of the C and then book some profit.

WaveAnalysis

My forecast is the C wave after the B for a complete running flat. My target is around 108. I was waiting for a trade setup after the correction between the yellow lines, but it dropped fast. Now, I'm waiting for a correction to take a short trade.

WaveAnalysis

I've been waiting for the completion of the wave B for a while, and the last top can be its end. If this is the case, we should have a reversal impulse and correction. Now, I'm waiting for a small correction to place a pending order by risking 0.5%. I don't want to place my order under the reversal impulse because my plan is to move SL to BE when it breaks that low.

WaveAnalysis

Although the bigger picture isn't too clear, it seems like a running flat is in the making. Based on my wave count, the last low can be the end of the B wave, and if so, we should have a reversal structure. That's why I placed a pending order over the last top. I hope we will get a small trade setup after the regular flat, so we can take a better trade.

WaveAnalysis

I think the last top was the end of the B wave, and if so, the following drop should be the reversal impulse, and then we got a correction. After it should have made a lower degree reversal impulse. Now, I'm waiting for a complete correction to sell it.

WaveAnalysis

After breaking the previous low, it jumped back quite strongly, and created a reversal impulse. So, I'm waiting for a big enough correction to take a long trade. If the whole downward structure was a complete correction, we will have a nice upward impulse, otherwise, a correction and more downside.

WaveAnalysis

My forecast is a downward impulse to the trendline as the C wave. So, we will have a complete running flat and more upside. That's why I want to take a short trade. That's why I'm waiting for a correction to sell it.

WaveAnalysis

The structure between the blue lines can be a complete correction. In this case, we will see more downside. What we have after the last top looks like a complete reversal structure, and a trade setup under the trendline. That's why I placed a pending order under the last low. There is still chance for more upside. That's why I risked 0.5%, and I'll move SL to BE asap.

WaveAnalysis

The last top can be the en of the monthly running flat, and if so, the next wave will be a huge drop. That's why I want to take a short trade. I'm waiting for a small correction under the trendline to place a pending order. Then I hope it will fall fast, but I don't know how deep will be the next wave. It can be a big or small one before its bigger correction.

WaveAnalysis

The downward structure can be a complete correction. If so, we should have a reversal impulse and now, it should be making a correction. That's why I placed an entry order. The next upward movement will break the trendline, and then we'll see how far it will go before a bigger correction.

WaveAnalysis

If the blue C is the end of the running flat, the downward movement should be the reversal impulse, and we may have a complete correction. After the yellow C, we got a sharp drop and now, I'm waiting for a correction to place a pending order. My minimum target will be a new low, while the main target 0.84700.

WaveAnalysis

The last low can be the end of the monthly regular flat and the next wave can be a huge upward impulse. After the orange C, it made an impulse, which broke the trendline, and a correction, which bounced back from 0.886 retracement level. So, we may have a complete reversal pattern, and it seems a trade setup is in the making. That's why I placed a pending order.

WaveAnalysis

Since the previous weekly low was broken, we may have a complete regular flat. In this case, it will go up and break the previous top at 1.47. Of course, the C wave might not be finished. In this case, we will have a correction and more downside. Now, I'm waiting for the A wave to take a long trade. Although my expectation is a bigger correction, I don't want to...