Hi folks;
After the price hit our T.P, it has changed it's direction as a retest to the strong support so,it is ready to reject buy the demand zone and it move up till T.P1 & T.P2.
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Hi guys;
Currently this pair is completing the 4th wave as a correction till demand zone( the second grey zone or lower trendline ) after that we expect that it starts a new impulse as a 5th wave.
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Part of what I'm thinking it could be right now... the correction began in 3 waves up in 4th wave, which we can conclude we are heading for a flat correction (3,3,5), it is also very common in 4th wave... an extended flat of regular flat occurring most of the time in 4th wave... also triangles.
In this video, I let you go inside my head... the way I'm thinking ...
SPX500 is currently now in the ABC that compounds the 4th wawe.
Probably it will go at least till the Fibonaccio 38.2%, that in this case is around the last relevant low.
After completing this C leg and the correction that completes the 4th leg, SPX500 will try to develop the 5th wave of this impulse. Let´s see if they can reach the histocal highs again, and...
This chart is clearly based on Elliot wave theory and represents my humble opinion of where we are on the daily chart. I believe we are in the B leg of an ABC correction within a 4th wave, will top out soon, and descend into the Fibonacci extension region denoted by a target symbol to complete the C wave before embarking on a 5th wave up. For the record GLD should...
Wave Analysis : Long Term View : Exide Industries : 4th Wave : C Wave
Looking at chart looks like price in 4th wave completed b wave and c wave is going on which can be expected till 180-190 area.
After completing wave c we can last rise in the price around 324 - 350 max which very extended 5th waves and then sharp decline can been seen in the price in the...
I was long at the bottom of wave 3 after noticing a bullish butterfly. I later realised I was looking at what seemed like the top of wave 4. I decided to close my long position and go short soon after. I hope I'm right. I'll monitor it and see if I can close my position somewhere in the green area
Edit : I misplaced the entry price, I in fact entered at 0.76319
If you must trade the cable next week, look for buy opportunities. I say if you must because, the ATR is in the rise and 14 day period ATR of the H4 stands at 200 pips. So be protective and expect big moves back and forth. If you can get this trade, it will easily cover 300 to 500 pips. See my detailed explanation, analysis and forecast
EURUSD road map shown on the chart as per wave analysis and my understanding of wave principles. EURUSD is in Primary 4th Wave down wards. The wave structure that it has made till now indicates that it might correct towards 1.1100 first and then rally towards 1.1800 levels to complete the W-X-Y move after which we might see declines again. Lets see how it...
GBPUSD continues bullish however we have what looks like completion of a 3rd wave.
Trying something different so my stops are wider than usual.
Sell 1.4585 TP 1.4455 (1.28 Reward:Risk)
Sell 1.4575 TP 1.4390 (0.98 Risk)
4th wave will likely target anywhere from 1.4350 to 1.4480
Oscillators - we have divergence on the stochastic RSI but not the RSI. H3 shows RSI...
