zorrays

zorrays

CLASSIC ELLIOTT WAVE SETUP + CHART PATTERN Target is based next daily support + 1.272% Fibonacci Extension

zorrays

BIAS: LONG

zorrays

BIAS: LONG 5TH WAVE POTENTIALLY LONG POSITION SUBJECT TO BREAK OF THIS FLAG PATTERN

zorrays Updated 

Technically - it kind of says it all. Going to wait for a little pullback in order to go long. Fundamentally - we are expecting the Fed to cut rates which would have a negative impact on the dollar.

zorrays

BIAS: SHORT Technically, I can see that buyers are running out of steam and should be expecting a long term sell-off In the bigger picture (see below) I can see that I are about to complete B wave and potentially starting C wave. B Wave has created an Ascending Channel and inside this pattern there is an Ascending Wedge with strong Bearish RSI Divergence.

zorrays

BIAS: BEARISH Technically it looks bearish, fundamentally - 50% 50% Subject to breaking the Wedge and the descending triangle.

zorrays

BIAS: SHORT Currently, according to my wave count, this pair is on wave 2 and with a combination of Elliott Wave Theory and Chart Patterns. We are aiming to catch the rest of the Wave 3 to the previous monthly support level and 1.272% on the Fibonacci Extension.

zorrays

BIAS: SHORT We should be expecting a new Elliott Wave count but before entering I am waiting for a continuation pattern (bearish) as it has recently broken a strong support level. NOT VALID UNTIL IT CREATES A CONTINUATION PATTERN AND BREAKS IT - OTHERWISE THIS IS NOT VALID.

zorrays

BIAS: LONG BREAK OF CHANNEL WAVE C ON BIGGER TF (MONTHLY - SEE BELOW)

zorrays

BIAS: SHORT 5TH WAVE FLAG PATTERN THIS IS STRICTLY BASED ON THE BREAK OF THE FLAG PATTERN

zorrays Updated 

BIAS: SHORT DESCENDING TRIANGLE JUST ENTERED 4TH WAVE AND I WILL BE LOOKING TO GO SHORT ON THE 5TH WAVE

zorrays Updated 

I am now long bias on this. Technically, this has formed a clean Ascending Triangle.

zorrays Updated 

Bias: Short This is all subject to breaking and closing below trend line.

zorrays

Price making its way towards monthly support zone with a confluence of chart pattern + EW Theory

zorrays

BIAS: LONG

zorrays

Bias: Short I believe we will be expecting a new wave count that will drive us towards the next support level. I will be planning to execute this trade as soon as it breaks and closes the descending triangle at least on a H4 Candlestick.

zorrays Updated 

BIAS: Short 1, Wedge Pattern 2, Currently its on the 4th wave of this impulsive wave and we are looking to catch the 5th and last impulsive I would ideally get into this trade after it breaks and closes below the pattern, ideally I would want to see a daily closure. Targets are based on Fibonacci Cluster

zorrays

BIAS: SHORT 1, 5TH WAVE ON ELLIOTT WAVE THEORY 2, WEDGE PATTERN 3, TARGET BASED ON FIBONACCI + MONTHLY SUPPORT