YipYip

YipYip

We have had a massive bull trend on the Cad and finally a decent retrace to relieve the pressure HTF we are still in Wave 4 and looking to exit higher Our entry is 4th wave of the sub wave in an obvious impulsive move Wave 4 sitting on a long term support resistance (green line) Going with the trend wait for a nice entry as we should be hit T1 1.2660 and...

YipYip

So here we are my 242 target hit and them some .. (Thanks to DanV & Chessnut for ew tips along the way ) Im going with that Wave B is now complete and we start to move up to 260+ coinz on the Wave C or M-C-HAMMER as I will now call it in all my posts ;) FYI ( Wave 3 & Wave C are the money shot in trading with C being the most extreme in a down trend too behold...

YipYip

So we have come to the end of the sequence on both a HTF (higher Time Frame (TAN Retrace Line/ Impulse not on chart)) & LTF (Lower Time Frame (Purple Impulse / (Maroon/Red) Retrace)) and we are looking to close out the retrace (on both) We just completed the ABC retrace to 254.6 on the LTF which in turn created the A leg on our HTF We are now in the B leg of...

YipYip

At a cross roads ATM and u could read it either way :S After such a massive sell off and an ending diagonal on wave 5 it looks to me that our ABC was actually a impulse 5 wave to the lower Currently we are in a triagle which is a classic wave 4 position when wave 2 has a sharp retrace (as we did) If we break 272 then what Im calling wave 4 is actually wave 2...

YipYip

That was a wild ride .... But as per my previous chart completey expected ;) Everybody is asking is this over or do we have more downward pressure ? So as to hopefully clear it up I have broken the C leg down into its 5 waves (green) and then the 5th wave of the 5th wave wave (blue) i.e the sub wave of 5 or as I like to call it ( the killer blow :D ) As...

YipYip

The elliot movement has played out nicely for the 5 move up we are now in the retrace before we can look to go back higher to ~340 A Contiuation of my previous charts with more detail on targets Once we hit 282 move Stops to break even for the ~292-294 entry points We are then in a risk free trade ;) T1 127 extension @ ~276 T2 161 extenstion @~267 (I dont...

YipYip

We have had a clear 5 wave move and now setting up for an ending diagonal. Nice tight stop at 305 with T1 of 282 and T2 265 Also if we break 315 look for a retrace back to ~306-310 to go long to 345 as I become a bull 2 Plans both bull and bear but personally love the Pretty diagonal given the textbook pattren that has built up so far Check my previous chart...

YipYip

We need to break above Wave 4 to have technically broken the 12 months of the current downtrend

YipYip

As predicted 2 days ago we have had a nice 5 wave movement all the way from 235 up to 297 We would need to break 310 to signal a extension of the 5th wave move (i doubt it but watch for the break) Lets get ready for a double top/ending diagonal and then a move down to previous wave 4 support Dont be surprised if we resume our down trend ...Lets see how the...

YipYip

We have had a textbook 4th wave ABCDE triangle and are primed for the final move with a min .618 of wave 1 Nice tight stop at 260 -265 for failure

YipYip

If we can break the 7845 resitance we should complete at or near the end of Previous Resistance from End of Wave 3 (Major Trend Daily) Targets for Termination of Wave 5 0.7869 Confluence Target Support 1:1 Length of wave 1 (Retracement) 1.618 Inverse Extention of Wave 4 (Retracement) Targets will be T1 Previous Resistance (turned support) 0.7840 T2 7811...

YipYip

Hitting both Structure and perfect gartley fib retracements this is a high prob SHORT on a overall downtrending aussie on the higher timeframe