WES-T

WES-T

EURUSD traces out a bullish Zig Zag. Wave c=a & touches the bottom support channel. Usually price reverses around the area of the lower support line. An equal weigh reversal followed by a H&S pattern 7 smaller zig zag patterns will indicate a bottom is in & the previous trend has resume.

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Potential head & shoulder pattern point to a bottom for Silver. Are series of bullish Zig Zag patterns (Coloured red) and neckline breaks will confirm the bottom is in. All indicators a set to W for the chart.

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Alternate count to previous bullish secnerio in SA$0 potential bearish zig zag recently formed.

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From 63884 down to 54704 SA40 has traced out a corrective flat pattern. The move retraced 50% of the previous impulse back to 89,W support MA. RSI is also back down to buy level to where the previous implies kicked off. The next EW phase will be an Impulsive move to ATH reguardless of the wave count.

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Silver corrective pattern down from 29.85 August 2020 high nears completion, the pattern from 29.85 down to 21.36 is clearly in three waves & corrective in form when complete Silver will advance to its first target where A=C around 40 .32. a higher target for wave 3 is up around the 51.50 area.

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XRP break out ends 797 day correction March 12. Price is trading back above Fib 233 day ma, price also broke out from a long term trend line. The vertical break out is typical of a wave three. A near term price target of $10.00 doesn't seem unreasonable. The current wave count from the March 12 low is 1-2, 1-2 formation with wave 3 of 3 in progress. Wave threes a...

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In an earlier idea I posted a bullish wave count based on a zig zag pattern that suggests DJI should push higher once the pattern was complete. I labeled the pattern 1 up and 2 down because to me the correction looked one degree higher than all the previous ones before it. I also had an alternate that suggested the same pattern might be wave 3 to 4 with wave 5...

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Regardless of who becomes the next president of the United States the next phase of an Elliott wave sequence says wave 3 began on October 30, unless wave 2 ends up forming a double zig zag. Wave 3 doesn't have to be the longest but it can't be the shortest wave out of waves 1-3-5. Wave 3 is usually 1.618 times greater than wave 1, so the wave 3 upside target...

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Out look for Platinum is potentially higher if long-term trend-line continues to support prices.

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The UK 100 decline since the 08 of June has been nothing but an over lapping mess. Overlapping price action is associated with corrective patterns or diagonals, I've labeled this move down, minute w-x-y. The pattern has retraced into a potential Fibonacci .618 (5519.3) support level. An impulsive bounce from this area is needed to comfortably count the...

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Dow Jones Industrial seems to have bounced off the bottom support line of its parallel channel suggesting the corrective pattern found support and may be complete. If the pattern is complete support will hold and price will exit through the middle and upper trend line of the channel. If the pattern is bearish price will continue to fall. Note: Minute a-b-c...

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Brent Crude traces out bullish zig zag pattern, wave C is equal to wave A in length, the corrective pattern is so far contained inside a parallel trend channel. If the pattern turns out to be impulsive instead, the price will drop straight through the bottom support line of the channel in wave 3 and continue down to trace out a five wave impulse pattern.

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If the bearish set up in blue channel is a completed zig zag the price of Cardano should go lower. Alternately if the 23 of September is the end of wave 2 price will break higher from the green channel.

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A bearish zig zag pattern in waves 3-4, weather complete or the building blocks of another pattern say prices should continue lower.

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If price needs to fall through the bottom parallel channel to confirm short term bearish count. Long term wave count points higher

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There's only a hand full of corrective patterns that begin with a three wave pattern, flats 3-3-5 triangles 3-3-3-3-3 and corrective combinations. Since a flat & a triangle can be eliminated the correction looks like a double zigzag combination. Five wave moves can end corrective combinations if one develops that's still good for tracking the end of the pattern.

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From March 13 up to August 17 Ripple has traced out a bearish zigzag disregarding everything else on the chart this pattern by its self should lead to another decline. If March 13 is actually a major low then the next allowable count if overlap occurs would be 1,2 1,2. Note: It's possible to label a chart multiple ways consider all wave counts and all forms of...

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A five wave impulse down larger than the March decline or a major sell signal will be a clear sign the motive phase from 2009 is over and the corrective phase of an Elliott Wave cycle has begun.