TradingEW

TradingEW

This pair completed a month-long 3rd wave {iii} advance on the 6th of November high and is now retracing on wave {iv} correction of equivalent duration. Setup for shorts on a wave (c) of a, targeting a lower low.

TradingEW

Potential short setup on retracement near 1930, going for a lower low.

TradingEW

A potential short setup with min. risk

TradingEW

Its most likely making a major corrective advance wave b since the low of March 2009, and yet again, in terms of wave fractal, doing an on going minor corrective advance wave b since March 2020 low

TradingEW

This pair is still in multi-month congestion, but approaching expanding trading ranges - setting up for a long from 0.233 towards 0.318

TradingEW

Nothing's exciting until this pair gets to the 410 area for a short entry zone, going towards a lower low.

TradingEW

Update and on track towards a lower low

TradingEW

From longer-term chart, 20th of march low was designated as wave b and a multi-months wave c is expected from there. However, wave count has been nothing more than corrective in structure and therefore a 3-3-3-3-3 expanding diagonal wave c is forming. Present fractal formation of minor expanding diagonal c waves further confirms the validity of this wave count.

TradingEW

This pair is moving into a specific entry zone, going for a specific target area where wave iv overlaps wave ii within the expanding diagonal wave (c)

TradingEW

Maintaining waypoints from the previous wave count in completing this 3-3-5 irregular correction wave iv.

TradingEW

Ther's more downside potential even though wave b has reached it's min. target at forming it's bottoming pattern.

TradingEW

Consolidating within a wave {iv} correction with expanding ranges

TradingEW

Expecting near-term downside potential, while eventually forming a larger expanding diagonal wave (5) towards a higher high

TradingEW

Going short towards a lower low with a tight stop loss

TradingEW

Corrections will eventually be retraced ?

TradingEW

Mostly likely done with the trending wave (iii) down, now retrending on an irregular flat correction wave (iv) eventually back towards the 11800s

TradingEW

This wave count is becoming convincingly clear with the present swift decline on a minor wave (iii)

TradingEW

A wave c of an a-b-c irregular flat correction (4) is developing from the 20th of March low, most likely an expanding diagonal wave c.