sifneosFX

sifneosFX

This is the second scenario of the same idea. In this scenario the 2nd wave of the primary cycle travels to 0.236 of the 1st wave (shadow excluded). In this scenario, the 5th wave will end at 1.618 as it matched exactly on both cycles.

sifneosFX

The only problem with this setup is, the 4th wave already dived deeper than the 1st wave (blue line), however only with shadows, bodies are all above 1st wave. The 1st and 2nd wave within 5th wave has already been build. It should travel at least to 1.618, with high probability to level 2 as this matches with the level above. To me this is a valid Elliot Wave...

sifneosFX

Finally reached the 1.618% and now new cycle began. The "Main" now continues, see also here:

sifneosFX

On Minor degree (red line) trend is down on the final wave C. Within Minor degree, the first 1-2-3-4-5 wave is over and the correction has been started, blue line. The C wave in "Minute" degree should travel to 1.618 of the Wave A. Happy trading!

sifneosFX

Price did not travel above the end of wave B, so wave C is about to start and travel to 1.68% of wave A.

sifneosFX Updated 

Wave B usually travels to .38% of Wave A, that would be a regulars Zig-Zag Retracement. If price traves above 0.38%, it will then form a flat correction which will end around or above 0%. Currently the correction looks like a regular Zig-Zag, after bouncing at 0.38%, C wave will travel down to 1.61%.

sifneosFX Updated 

There is not much to say here, there is a clear irregular ABC correction and the beginning of wave 5 of the parent degree. Because the ABC correction is a running flat, Wave C should have ended before wave A, it pushed the line further and returned, this is a very strong sign that wave 5 of the parent degree really started. There is a very little chance that...

sifneosFX Updated 

Chart Patterns: "Bottom Head & Shoulder", "Range Double Top" Candlestick Patterns: "Pin Bar" & "Engulfing" Entry price: 1.09670 Stop Loss Price: 1.10250 (58 pips) Take Profit Price 1: 1.08865 (80 pips) Take Profit Price 2: 1.07830 (184 pips) Estimated Duration: 1-4 Days Probability to Meet Target: 80%

sifneosFX Updated 

Elliot Wave 5-3 Completed on 6.5.2020 15:00 Motive 5 and Correction 3 is been validated several times New Cycle (validated through last 5-3 cycle) Started on 7.5.2020 Wait to break above 107.434 to entry. More secure entry point is the 107.780 above the end of wave 1 of the new cycle

sifneosFX

Chart Patterns: - Elliot Wave 5 (Motive) - WXY( Correction) Combination - WXY is a combination 3-3-5 (Triangle) - Head & Shoulders Chart Pattern Entry Point: 0.95963 Take Profit: 0.95958 Stop Loss: 0.97680

sifneosFX Updated 

Chart Patterns: - Elliot Wave 5 (Motive) - WXY( Correction) Combination - WXY is a combination of an ABC (flat) - ABCDE (Triangle) - Head & Shoulders Chart Pattern Entry Point: 0.97098 Take Profit: 0.95958 Stop Loss: 0.97536

sifneosFX

This is the same trade (see parent) but a different approach.

sifneosFX

They entrypoint of the parent Idea was unfortunately to high because I thought the corrective phase was completed.

sifneosFX

Latest Elliot Wave Cycle began bullish indicating the complete cycle will be bullish. Usually, the 2nd wave retraces bellow 50% fibonacci of the 1st wave, place entry point at 50% fibonacci. If you like a more secure entry point, place entry point above the end of wave 1. Corrective wave 2 doesn't go bellow start point of wave 1, except it is an irregular...

sifneosFX

This is an update: The entry point was bit to high. Entry point should be below the resistance line.

sifneosFX

Entry price: 1.08277 Stop Loss Price: 1.07457 (82 pips) Take Profit Price 1: 1.09913 Take Profit Price 2: 1.10395 Take Profit Price 3: 1.11468 (320 pips) Estimated Duration: 5-12 Days Probability to Meet Target: 75%

sifneosFX

Chart Patterns: Standard Elliot 8 Wave Cycle, Corrective Phase Entry price: 0.64128 Stop Loss Price: 0.64831 Take Profit Price: 0.62604 Estimated Duration: 2-5 Days Probability to Meet Target: 70%

sifneosFX

Chart Patterns: Break out "Head & Shoulder", Elliot Wave Entry price: 0.97234 Stop Loss Price: 0.96597 (63 pips) Take Profit Price 1: 0.97678 Take Profit Price 2: 0.98029 Take Profit Price 3: 0.99034 (180 pips) Estimated Duration: 3-5 Days Probability to Meet Target: 75%