Six month ago I published the following idea. Now the wave five is still ongoing currently. But I want to point out this decline will finish soon. Eurusd might start the retrace in 2017 after the wave five has completed. It is a good chance to buy the dip after the minor wave five finishes if you are a mid-term or long-term trader. Good luck for everyone!
CADUSD formed a nice potential trading structure. Pay attention to when it breaks out of the decline channel. Good luck for everyone!
Markets can be understood by patterns, Dows, Wave or Gann theory, etc. But there is no certain in market. Try to understand market better and use money management to reduce risk.
A nice structure formed. It is time to break out of the wedge. Good opportunity with low risk. Good luck for everyone!
USOIL is quite choppy in the last half year. This is 1000/usoil chart which is more clear than usoil to tell us what is going on. After the quick decline in the first half year of 2016, 1000/usoil is in a large triangle correction. The wave E is going on now. We should see a rise for 1000/usoil to complete the wave E which means usoil might have a drop in...
DXY starts a huge move up after finishing the flat correction at May. And it breaks out of the sideway range at November. It is undergoing a small correction wave now. Good luck for everyone!
EURCNY might have finished the decline from 11.273 to 6.5158. In the long run it should retrace back to around 8.89. Good luck for everyone!
SHCOMP comes to an important support level. Let's see whether it will get supported or not. Good luck for everyone!
USoil is in a decent rising channel. Trade what you see! Close positions when it breaks down the channel, otherwise hold it patiently. -:) Good luck for everyone!
USoil starts another wave up after it got supported at 42.7 and broke out of the weekly decline channel (which needs to confirm at weekly closed price). It will head up higher if it breaks the current resistance zone at 50~50.5. TP1: 54 TP2: 58.2 TP3: 61.5 Good luck for everyone!
Gold finished five waves up and started the correction wave with a triangle top. The buy zone will be around 1200~1220. I will wait patiently. Good luck for everyone!
Gold is coming to the important support level again and in a triangle. Let price action make its own decision instead of our guess. -:) Good luck for everyone!
Oil rejected back from the resistance channel line twice. Pay attention to when it will break it out. Good luck for everyone!
DXY has been in consolidation for more than one and half year. For weekly chart I still hold the idea below. But I need to pay attention to the breakthrough direction to get confirmation. Good luck for everyone!
GBPJPY had a fast moving up at June. The fast move up is a five waves up which means the correction up does not finish yet. Now it breaks out of the decline channel and retesting the channel. It is a good opportunity to trade the following wave up. Good luck for everyone!
It seems that Silver got supported at 18.4. From elliott wave view, the correction might have finished. Pay attention to the resistance from double top neckline. If it breaks up, it can confirm more up. Good luck for everyone!
Oil is in correction for couple of days. It seems that a triangle correction is forming and nearly completing. Pay attention to the price break direction carefully. Good luck for everyone!
Oil might be in wave 4 correction now. Because wave 2 is a sharp correction, wave 4 is more likely a consolidation. No need to trade this wave. The target of this correction might go to 46.9 (largest it can go and it might not touch) which is a good position I will join the long again. Wait patiently for the correction to finish and join the bull trend again....