froiddox

froiddox

Future out that price are moving in 5th wave. After measuring it using fibonacci, it turn outs the third target (623.6). There's a chance to continue the trend to some higher price, but it is a rare case. So let target at the down side @1.1615 approximately.

froiddox

In Daily chart, it is showing an impulse of 5 waves, and it's 4th wave at the current point. Mostly it should keep moving in sideway direction for a while, then performing the 5th wave.

froiddox

Price is moving under the down trend. We should monitor to make sure that it won't crosses the down trend line (red one), when it bounces back, it means end of current rebound, then follow the trend in the last wave. Using Fibonacci, we predict the end of fifth wave at 0.9916

froiddox

Since the pattern is FLAT, the third leg has 5 sub divided waves. This normally requires 161.8% of fibs expansion to end. (or 1.681AB=CD) SO there're some pips to short, then long after in bounce back from 1271.6 (price might be a slighthly difference among different providers)

froiddox Updated 

It will complete correction wave set ABCDE very soon. so there're some upside gain here, then it will go down to at lease 1.2074, BUT If it beak the support and goes further, 1.1919 is the next stop.

froiddox Updated 

It's been in range movement for a while. It's sure that current status must be a corrective wave set because it's a following wave set after the impulse was finished, but since it is in a sideway movement, it's not easy to count, but when I found that (A) has been subdivided in to diagonal 5 waves, then everything are clearer, then followed B in 3 waves, and it...

froiddox Updated 

Will pullback into 1254, then going up to area between 1283 - 1294

froiddox Updated 

It's Harmonics AB=CD, and also an Elliott Wave's Running Flat pattern (3-3-5) both of the patterns are completed and showing a bullish signal. Enter on your own risks

froiddox

It is in the wave 4. There will be some sideways movement for a few days (or even a whole week) until finish wave 4. after that, it will goes downside to perform wave 5 movement. Target at 1.06500 in two or three week.

froiddox

by wave counting, the current stage should be a correction wave set, which is performing a diagonal shape. However, this correction is a subdivide of wave 4 in a bigger wave, therefore, it should be performing wave 5 soon

froiddox

Shot for ~90 pips, then take the extra Long after that

froiddox

Need a little bit down to reach the exact equal leg. However, CD leg can be going so far, - up to 261.8% Normally it should fall in the red area (100 - 123.6%) So, the plan is: Wait until it touch the read area and show the clear bullish reversal price action