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...
BTC has been completing 5 and ABC/ABCDE waves for days...weeks... Having just completed a Miniscule 5 Wave we can expect a Miniscule ABC right now...It appears to me that these Minor and Miniscule 5 and ABC/ABCDE waves are part of BTC Primary Correction ABCDE which began on December 21. Should this be correct, that would mean that we are currently in Minor Wace...
Call me crazy but this fits better than drawing 12345ABC all over the place! What do you think?
Divergence on the MACD could lead price to the bottom of descending channel. This could be the end of 5-wave structure. 1) Never risk more than 2% of your account. 2) Try to be emotionless by applying your strategy to the pip. 3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your...
BITFINEX:ETHUSD broke into new highs out of triangle as we expected in previous updates and now sharply moving towards our projected levels around 550-600 for wave C. Every cycle needs five subwaves and we don't see them yet, so more upside in view!
BITFINEX:XMRUSD remains bullish as we expected and projected in previous update (Check Related Idea). So, Monero hit new all-time highs and seems like it's not going to stop yet! We expect further rally towards 170 and 190 levels for wave ("III"), where bulls could slow down into correction of wave ("IV"). So we assume that 5-five-wave rally since September 15th...
Bitcoin may see lower levels after 5 wave drop from recent high. Can be just a correction still, but in three waves, therefore be aware of a more downside.
Hi Traders , This is my analysis on GBPUSD I am currently short of a TCP Pattern and see this going lower before breaking to the upside.
Good morning traders, Here on the GBPUSD, looks like we could see one more drop until a reversal. The drop will only be short term, falling to the 12725.0 level. My stop is placed at 12935.0 Good luck!
Price nearing the top of a descending channel. Would suggest waiting for a clear bearish signal before entering. Details are displayed on the chart *DO YOUR OWN DUE DILIGENCE BEFORE ENTERING THE TRADE. NOT A TRADING SIGNAL.
All levels in the chart. Long upon completion of the pattern.
FX:AUDUSD Wave 5 targets hit: .382 Internal ret .618 & 1.382 Alternate price projections + Trend line support Daily momentum oversold - Waiting for 4hr StochRSI to reverse for confirmation 100% L-L cycle reached (plus 1.618 fib time ret)
Hi fellows, we can see that impulse is forming at the bottom my longer term view is bullish on this pair. it seems to me that corrective bearish mover is about to end and new trend is emerging. My first target is with the falling wedge. I will look for buy on lower time frame if price start to form trend continuation patter. If i will see that i will update this...
Hey traders. Here I have provided some notes of mine for the very basics of the Elliott Wave 5 wave structure. I am open to constructive criticism. All of this info is derived from the Elliott Wave Principle Book. Thanks Everyone.
Hey guys, I pretty much shared all the info in "callouts". The trade I am looking for is the big sell towards to the low of the main structure. However, if we get a new red move up I will trade it as well. Carlos
Soon we will see this pair reverse and form an impulse to the downside. I have included an Elliott Wave count as long as a fib and pattern trendline to indicate an area that's best suited for a sell. Good luck and safe trading.
In the previous week, price did not break down as expected. So now I am aiming towards price testing the previous high from the last year. Watch for the 87.50 level as a reversal zone. Good luck and safe trading everyone
Just as expected our 5 wave pattern has completed. Price is now breaking the ascending channel so keep your eyes out for a flag or trend continuation pattern to enter short on this pair.