phi35

phi35 Updated 

It's look like THYAO is in the middle of a C-Wave.

phi35

Strong confluence zones around the current price level. If it will break through you can add to your position at 0.7279. Target Range = 0.7210 - 0.7195 NOTE: 1H, 4H and 1D all pointing down ;-) My target range is calculated for 1H and 4H.

phi35

Those who have followed my last advice, have made a nice profit all the way up. Now the C-wave of the correction goes all the way down. I marked 3 TP Level which are calculated by Fibonacci Ratios and my "Gann % Calculator" . I'm looking for the TP2 and TP3 Level. If the TP2 level doesn't hold, the target will be the TP3. Look at the related links (yellow...

phi35 Updated 

Sell if the price breaks through the calculated support level (see related link). This will confirm a 5-wave move down and therefore a bigger Zigzag (5-3-5) which supports the daily chart. If not, we will have 3-wave upward move to the near of the top, so buy! The candlesticks could stay in the "Three Stars in the South" formation. (Check the charts below for the...

phi35 Updated 

if you study the chart carefully: Turquoise: TIME: ------- If this is the start of the 1st Wave of 5 then the trend lasted 173 hours which is: - the same as the sacred geometry number 1.73 - 7,2 in days! 72 is a Gann Number! PRICE: --------- Low (√) - High(√) = 197 (close to 199 Lucas Number) 197 x 180° = 35460 or 35,460 which is close to 36, a Gann...

phi35 Updated 

They said "It's very difficult and confusing to trade a triangle.". I agree! When I first looked on the 4H chart, I saw the beginning of a triangle formation and was excited about the trade. Then I went to the 1H chart and have tried to count the internal waves to soon. That was a mistake and confused me very much, because the breakout didn't happened. But the...

phi35 Updated 

It seems the correction is over and the first leg up is is development. With some fibonacci analysis I calculated some confluence zones (blue horizontal lines and a blue zone) and made a forecast, how the pair could develop. It wouldn't be wrong to be aware, that the correction could continue by making another formation. For now, #bullish

phi35 Updated 

Like I forecasted , the first target is reached (Look at the related idea and the comments I've posted yesterday). Now I'm waiting for wave C down to TP2 near 1.2850.

phi35 Updated 

After a break the development goes on (!) (look at "A nice Flat!") and it seems to become a ZigZag with an internal subdivision of 5-3-5. The oscillators are at resistance levels

phi35 Updated 

A nice Flat is forming, and the calculated confluence zone seems to confirm the price target. When you look at the oscillators, you can easily see that they topped at critical levels.

phi35 Updated 

As the picture gets more clear (I made some adjustments to my prior research (look at these)), we can see the not unusual triangle which is often formed in the 5th wave of a move. The triangle is forming in wave 'ii' and we can wait for a nice breakout down to 'iii' . Though the correction 'ii' took a lot of time to form, I assume correction 'iv' won't...

phi35 Updated 

It looks like we are in the fifth way down to a price level below 100. I have calculated 2 confluence zones where the second one near 98.900 is my favorite. Target 1: 99.200 Target 2: 98.900 Feel free to check my other ideas, too.

phi35 Updated 

We are probably in the 4th wave of a 5 wave structure. Therefore the price will retrace to the calculated confluence zone to end its internal subdivision ( wave C ).

phi35 Updated 

We are probably in the 4th wave of a 5 wave structure. Therefore the price has two confluence zone where it will retrace. I guess it will be the 2nd confluence zone which will end the 4th wave to start wave 5 down.

phi35 Updated 

EURUSD is about to create the ZigZag Pattern. The question is to which level the price will decline before starting the next rally. I calculated two confluence zones with fibonacci levels where the price is likely to bounce. Since I'm new to Elliott Wave Principle, my research could mislead you. Be careful. FX:EURUSD