Last impulse up is pending to complete first larger degree impulse. Then we will see a correction down in wave 2. And then even more upside in wave 3. Lets see!
Update to my Weekly TF idea with intraday labeling.
I think large wave 4 correction is over and we have first impulse down (last wave down is in progress to complete it)
Last leg down in inverse pair JPY/USD is in progress, then massive yen buy is expected (stocks down)
When long put stop below the peak of wave 1 = 1.1212
If I see it right we are appoaching climax of wave 4 correction and will fall again ....and again (5 waves down)
it's last large wave down of corrective move. enjoy! Target is conservative C = A
1 target = wave 5 = wave 1 = 0.618 wave 1-3 = 0.6863 2 target = full length 1-3 = 0.6508 3 target = 78.6% retracement of large degree wave A up = 0.6124 (61.8% at 0.7183 was already broken) Best of luck!
Hello everybody! Looks like three important levels cross in one area. 1) c of Y = 2.618 of a of Y (purple) 2) 38.2% retracement of wave 3 down at 1.1689 (red) 3) upside of the channel So there would look to sell but with inner wave roadmap check. (lower TFs) Best of luck! Aibek
Last impulse wave down is in progress. Stop and take profit are indicated on the chart. Best of luck!
Bearish flag on hourly charts. Stop above previous low 44.18 Target 42.91-42.25 R/R ratio is healthy. Good Luck!
C hit 100% of A Ending diagonal in 5 of C with "V" have been unfolded We are 150 pips off the monthly trendline at 0.7155 So wait for first impulse up and then buy on correction
If short player you can sell at (d) around 1.1060-70 with target down around 1.07 If patient one then buy on the dip to (e) around 1.07 with target 1.14-1.16 (depends how c will unfold its waves)
I think we will have another small leg down as 5 of c of (c) then up to (d) and then last leg down to (e) which should overshoot the trendline.
Entry 1.5590 Stop below 1.5530 (Yesterday low) Target 1 = previous high 1.5928 Target 2 = 61.8 of (w1-w3) = 1.5997 Target 3 = fantastic but yet possible = Y = W = 1.64 Risk is small Reward is huge
USoil entry 53.00 Stop below 52.40 Targets are on the chart Risk/reward is ultimately for reward Below 52.40 model is negated.
Comments are appreciated.