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Weshareio

Gold update, previously on the Monthly timeframe I anticipated a slight drop(correction). And it's still an ongoing bearish trend, On the Daily timeframe the bearish bias is still valid maybe it will be short-lived. We are in a double correction pattern where all of the waves are corrective patterns. The wave (Y) is still on the first leg of the sub-pattern, a...

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Price is ready to trade bullish, as impulse phase. We finished the corrective level at the 78,6 Fibonacci multiple levels. Wave (A) and (C) are currently equal suggesting that the zig-zag correction is over. The wave (C) of the zig-zag is an impulse pattern. And the impulse confirms that we are potentially over. Waves 1 and 5 are relatively equal as well and the...

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Price Is most likely to trade bullish on the NZDUSD for the upcoming weeks to months, it's clear we completed the corrective phase of the double correction pattern. A double correction/ combo is a type of corrective pattern where all of the sub-waves are correction patterns as well it can be any corrective pattern except a triangle pattern for wave (W). We are...

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We have been stuck in a 4th wave of corrective moves for a while now. We will potentially start trading bearish very soon to complete wave 5 of the impulse sequence before getting any deep and interesting pullback( correction). A few key factors are true waves 1 and 4 no overlapped and wave 3 is not the shortest wave of all.

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The DXY has an inverse correlation with the EURUSD it's wise to think DXY will be bullish trading in a corrective phase currently. We will be on the lookout of the Fibonacci retracement golden zones for correction completion.

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The impulse phase is complete we can expect a correction pattern to occur. The wave (5) was a nice Ending Diagonal Pattern which is often followed by a sharp reversal. We can expect the correction to trade around 50 to 61.8 Fibonacci retracement level, it can never be 100% of the impulse wave.

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It's key to understanding the market structure in general, for a while now the EURUSD has been in an impulse phase the classic 1-2-3-4-5. Few points to highlight that validate the pattern waves 1 and 4 not overlapped and wave 3 is not the shortest wave. It's been a while since we stuck on the 4th wave phase corrective pattern which was a Triangle with a wave E...

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Now the price completed the corrective phase and now is in the bullish phase as wave 5. We are in a motive wave phase, after the textbook setup of the zig-zag correction pattern with a wave C as an ending diagonal pattern.

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We are in a wave 3 phase, wave (3) usually trades into 1.618 to 2.618 Fibonacci extension level. Price will most likely reach 2.618 as wave (2) retraced to 76,8. We are more likely to reach the old time high above price 2000.

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We are possibly in the last impulsive leg, before the next deeper correction pattern. Wave (4) didn't really touch the 38,2 Fibonacci retracement level.

08:20

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Video analysis for USDCAD USDJP GBPUSD, THE XXXUSD pairs are starting to trade bearish pretty soon and the USDXXX are starting to trade bullish but all in the short term.

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We are in a corrective phase, a zig-zag correction is a simple 5-3-5 pattern occurs at any corrective phase of the market. We are in the last leg of a zig-zag pattern we can expect a fast drop as an impulse pattern but keep in mind a diagonal pattern is also valid as well. Wave (B) is a Triangle correction pattern, all the rules of a Triangle haven't been violated...

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Price is in an A-B-C correction pattern, the wave B as a Triangle pattern. We will be bullish for at least a week.

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USDZAR Has been in an impulse phase and it has been completed with no rules violated. We are in the bearish phase of the market, we have two counts going on where it could be an impulse in the downside suggesting a long-term sell-off or a short-term sell-off as a correction meaning we are trading in a wave (C) instead. The idea of an impulse is a little complex...

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Price is trading slightly bullish, but from a technical view, we are turning into a bearish bias as a double correction pattern. Waves/ legs (W) and (X) have occurred we have to look at how wave (Y) unfolds but it can be any corrective pattern. We can look for bearish trades at the current price or wait for the first leg of the correction pattern and trade the...

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Price is trading in a correction phase, we are in a double correction/ combination where all the waves or legs are correction patterns it can be any correction pattern but waves W and Y cannot be a triangle pattern. Price is currently on the wave A of wave Y sub-waves, we are in a bearish impulsive phase I don't expect any pullbacks as of yet.

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We are trading in a wave (C) phase of a Zig-Zag correction pattern. Often times waves (A) and (C) are equal so we can use that idea to set our target. We can expect wave (C) to be a very slow and choppy price action to complete the (C) wave.

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Price is trading in a bullish direction as an impulse move, the 1-2-3-4-5 sequence is close to completing we just have to wait for the wave 5 make a new high. The are scenarios where wave five fails to make new high this scenario is called Truncation. The waves 1 and 4 are not overlapped making this a valid impulse pattern the wave 4 is completed and we seeing...