Looks like UJ may have one more move up based off the elliot wave pattern. Market makers know there's money to be made if they where to push it up one more time, knowing retail traders are shorting to fill the Gap at the bottom.
Wave C looks of a ZigZag looks to have completed and been followed and impulsive move down which was corrected by another ZigZag.
Pending order has been hit on the break of wave 3 of 4. Minimum target for a wave c is equal to wave A. If this is a wave 3 it should approach or pass the 1.618 extension of wave 1.
Hey guys,
The usdjpy broke the low of around 111.476 to the downside. We still expect the USDJPY to fall to around 107.456.
From there we are expecting a new impulse to the upside. Please bare in mind that the market can still make a correction in lower timeframes before reaching the level of around 107.456. Anyhow, we are still short the USDJPY either way....
It appears 5 subwaves of a Contracting Triangle have completed in wave 4. It looks like this Contracting Triangle may be the full corrective move of wave 4 since it has reached the .382 fib retracement of wave 3, this is the most common retracement for a wave 4. It also appears to have ended near extreme of wave 4 of one lesser degree in the impulse which is...
Wave 1 suggests investment may stall around 2600-2742.5 for end of wave 5, however if not worn out already may breakout even further.
i thought it would be interesting to see if markets correlate or react differently with a switch of party (R-D, D-R)
Prior to the 07-08 mortgage crisis is highlighted with the light colored rectangle. Nothing conclusive yet,...
Hello dear traders & welcome back to Growing Forex
Try creating pockets.
Micro news to follow today which will change the outcome of EUR/USD.
1.ADP employment change.
2.Unit labour cost
3.Non-farm productivity.
4.10 years note auction.
Euro poised against the Dollar after gaining momentum previously & lost its shore today.
A possible recovery from 1.0560 levels...
GBPUSD has been in correction for sometime, since its seems like a triangle correction, we should wait for the fifth point E to be complete before selling.
CADCHF wave count now has a different outlook from the bearish one posted at weekend. Corrective triangle structure seems to be valid as well as the price extension outside corrective pattern. Possible buy orders could be seen at current levels to new highs. However we will wait for price to close inside triangle pattern again to open any long positions
VEDL is very close to completing a 5 wave structure that started in Feb 2016. We are currently in wave 5 of 5, which should complete very soon. The stock has given almost 5x returns in 1 year, expect the correction to be relatively sharp.
