It's a clean complex running flat. I'll try this. Tell me about your entry strategies ? Some ideas : - Entry strategy 1 = traditional Dow method : long entry just above a little flag and short entry just below a little flag. - Entry strategy 2 = h4 heiken ashi beginning to give a strong direction. Daily heiken ashi confirms.
Hi everyone, Ignore the main chart - look at the updates for what I'm proposing... Just another BTC idea I had - BTC as a running flat correction on the larger scale. Ghost bar patterns came from: The more detailed yellow ghost bars: -Wave-C in Larger Wave-A, inverted to give the right price direction -Small Wave-C in Wave-B is A+B time -A and B in Larger...
We have the S&P500 grinding up to all-time highs. We have some bearish divergence forming and a potential 3-Drive reversal pattern. The 161.8 extension of the 1st drive (green) and 1.272 extension of the 2nd drive (red) both come in around 3100 for so confluence. This is where I will be hunting for reversal. My minimum target will be around 2500 for a Running Flat...
SPX is getting to a critical spot. That is what I would like to see it do (ending diagonal). But regardless, a lot of divergence coming in as it seems to be in a running flat as I mentioned before. A spike into that zone (27% extension-3000 level) might be a place to try a tight entry on a short.
Cadjpy was good for about 50 pips off the level I circled. At this point I am not interested in selling it, although it can pull down at anytime. I am just paying attention to it at the trend line and also the level I have marked, anticipating a breakout and then possibly a larger running flat pattern. Not saying it can't be shorted, just not a setup I want to try...
After death cross, BTC looks no good. New target is about 2500$.
latest, we can see the failed flat pattern, if we cross the RSI trend downward, selloff will occur.
Traders, Gold’s rally 1046.54 to 1375.12 labelled (i)-(v) confirmed the reversal signature and is indicating the end of the corrective structure from late 2011 with a Double Zig-Zag pattern at 1046.54. This larger pattern is labelled, unfolding as a primary degree impulse, 1(circle), 2(circle) and is getting ready to break to new record highs for gold the next...
I feel so stupid considering I had perfect buy entry earlier, and also because I fel like I never took the time to properly look at this as a whole. It is possible it produces a nice sell setup, but considering everything I would at least expect it to hit that 618/equal length, possibly much more. EA told us exactly what it was doing, I was just to busy looking at...
Keep look this weak and last bullish of EUR i guess you can speculation with small volatility for short in Intra-Day but becareful i think wating for long @130.174 -@129.588 might be a good price
It has been a while since I last updated my count on Feeder Cattle. In my update from August 8 - 2016 I called for wave (A) to be in place at 134.25. The price-action that followed, doesn't really support wave (A) having completed and therefor, the preferred count has been changed, to this count, which shows that only wave 3 completed at 134.24 and the ongoing...
Hmmm as I progress understanding of wave theory, I like to look at the charts differently and expect the unexpected. This to me appears as a "expanded flat" I've quit trading the animals because Ive realized the importance of wave structure! Have a great weekend!
Update from my understanding of Wave Principle! Looks like a combo corrective structure that went from a flat to a zig-zag! Waiting for a good place to jump in long! Will keep it updated! Trade responsibly! ;0
Hello Guys I hope you are having good time, I'm expecting big moves in next month on all euro pairs: looking at structure of euraud a big impulse to upside is coming in next month.It will take sometime to shoot up because it need to breakout of weekly consolidation.keep an eye on it:)
Hi Traders, Here's part 2 of my new analysis on Us Oil. Already linked to my H1 analysis posted. In the last period we have had a big impulse. As you can see it has 5 moves so it confirms an Elliot Motive Wave. Then we have a typical ABC correction. The thing is that the market has created a more complex structure, making it a Running Flat (B higher than the...
FX:NZDCHF BEARISH GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Safe Trades; open.spotify.com