Fundamentally Bearish ZAR, Bullish USD (see realted idea ) However, we have a rencent lower low and what looks to be a USD bearish 5th wave. Therefore, its a 13.81 sell for - TP1 13.40 - TP2 13.25 - TP3 13.00 3x reversal above 14.10 forbreakeven and profits into 14.30
It appears that an elliot 5th wave is complete at the .618 Fibonacci retracement measured from the June 23rd high and extreme low. Looking at a correction to 1.113 which is the .618 retracement of the 5 wave high and low. Once again all critiques and comments welcome Bud
- Wave 1 finished - - Wave 2 in the making - ''correction'' - Looks like- A wave pullback in a bigger ABC correction - Possible short term '' sell'' down to fib level. - Then turn to complete the B wave
Here is a possible 5th wave setup on EURGBP on the Daily timeframe, also my fundamental indicators says that EUR is stronger than GBP so I can hope for higher rates in this asset. *Disclaimer* All ideas published here involve risk and does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
NZDUSD is making an ABC correction on 1H chart, you can buy the bounce off the trendline+0.382 fibonacci which would be a nice confluence or for a more conservative entry wait for the breakout of the trendline before buying.1st target would be 1.27 extension and 2nd target 1.618 fib extension.
this could be start of wave 5th on daily timeframe. for participations, need to go down to 1 h timeframe for short entry
5th wave pending. UNITED SPIRITS (MCDOWELL-N) - INVEST BETWEEN 2220 -1980 SL. 1688
Fairly self explanatory. 5th wave projection lies on the 50% retracement of the1.1460-1.1235 downswing
Previous 4th wave double topped at 14.29 As per original setup sell 15.10 TP 14.15 (4:1 reward:risk) has been adjusted to TP 14.1875 (3.5:1 reward:risk) Trailing stop currently 14.90
From the chart it is clear that we going down in impulsive move, currently oil started the 5th wave down perfectly finished 4th wave at 61.8% i personally expect sub 25$ and even 20$
Expecting a reversal for the Pound to the upside in the near future. However at this moment I am inclined to sell as for all the indicators (structure resistance and moving average resistances). Without resisting current price developments to the downside; I will observe this subwave count to progress in its final wave v, before we resume trending with the bullish...
Hi all, My previous publication suggested that price last week would reach out to the 0.786 retracement for a harmonic completion before resuming the last impulse wave of the superceding structure. It hasn't quite done so (yet). However on the likely that this bullish correction is over and that we won't see higher prices in the near future, I will anticipate...
CRUDE OIL seems to developing 5th wave as ending diagonal. Expecting to see price move first to 35-36 area, where it will go down to 20
Today's drop penetrates deep enough into a support zone to consider the risk to reward ratio of a long position. The long position would be based on the current drop being wave iv and that means a wave v higher may begin soon. This pattern is valid so long as prices are above 121.49. First target would be 124 and a secondary target up near 125.35. Below 121.49...