fakhrinsfm

fakhrinsfm Updated 

In H4 we can see the correction is being made in a ZigZag pattern. Impulsive move have been done for wave a, the next corection comes in a ZZ configuration and we can assume next correction wave ie wave c shall be either in Impulsive move or Ending Diagonal. I shall wait for a retracement back to kijun sen and put a buy position when the move is complete. Please...

fakhrinsfm Updated 

1. Wave c completed fib level 161.8 2. Matching triangle pattern 3. Chikao span is meeting with kijun sen acting as good support. I dont know just speculating

fakhrinsfm Updated 

1. With the recent upheaval of price, the wave analysis "w5 as Ending Diagonal" becomes invalidated because the supposed wave b have overrun the price level of wave a. 2. Therefore the impulse wave have been readjusted. The first rectangular A represent normal impulse move IM. The second rectangular B is a Double ZigZag correction and the rectangular C is...

fakhrinsfm Updated 

With reference to my previous idea for EURSUD DAILY OUTLOOK, we are anticipating a bearish move to XX position before resuming the bullish trend. However the upward movement seems not complete. In this H1 chart, it can be seen a substructure of ZZs becoming an Expanding Triangle Correction. The extend of wave E (subwave c) is plotted through 1.618 fib level of...

fakhrinsfm

Looking at the correction that was done recently it resembles a Flat Correction. According to Elliot's Wave Rule of Alternation the next correction shall be alternated into a Sharp Correction. Assuming that the whole daily correction is in Flat Correction configuration (Flat - Sharp - Impulse) it is possible to assume that the price are now in Triple ZigZag...

fakhrinsfm

Current H4 displayed as the last no.5 wave of an impulse. It's structure can be identified as Ending Diagonal with markings of (1) to (5). Price is now making the bearish movement to complete (4) before reversing upward to (5) thus completing impulse wave 5. we can further anticipate a sharp or flat correction after completion of wave 5. Therefore we can say that...

fakhrinsfm

Wave C is expected to end 109.753 fib extension of 161.8 from wave A

fakhrinsfm

Most probable Wave setup for EU weekly. Price is doing wave b bullish retracement. Feel free to comment for discussion. Thanks. SFM

fakhrinsfm Updated 

Probably consolidation is almost over with the waves at H1 going for a sideways setup. two zigzags and upcoming bearish impulse