Hello traders,
Gold is not a good boy, not well behaved.
It is bearish on daily chart but on 4h chart, it looks bad by running up and down EMAS.
Check again B position that could happen round 1820-1830 later in NY session, maybe a good fake signal to sell just like yesterday.
GOOD LUCK !
LESS IS MORE!
USDJPY Looking good to enter into another position.
We are looking for a pullback and then a higher lower high and
there we will place our sell orders. Notice my hypothesis was not
too far off the money. Not bad! Patience is key.
The idea going forward is this might turn into a weekly hold trade
and with any luck we will get that.
So if you missed the first entry which is too risky and I understand why you probably shouldn't
and that is fine. Do not chase it down but wait for it and a small ABC (abc if you are an Elliott gal.
Wait for this move in green which should look like an abc and place a sell order in the red circle area.
Of course this is only a hypothesis so we can't be certain...
Hello traders,
Today we are analyzing the gold, because the Elliott Waves analysis are always sooo clean with XAUUSD (check out my previous juicy gold ideas)
So let me share with you what is offered on this chart:
We have done the dark grey ABC of the B at 123%----> Screenshot 1
And we are now in the grey C of the white C of the yellow (a) . YOU FEEL ME?...
Hello traders,
Today we are on BTC, with the same plan as 2 days ago, you can go check the other one if you want.
I am showing you today how do I find couple of objectives with the Elliott Waves so you can understand better
.
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BTW, I made a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a...
Hello traders,
As you can see, today we re on eth, and because it correlate a bit with BTC, you can combine this analysis with my previous one (even though some volatility may differ, with ETH being more volatile)
Anyway, so we can notice a drop, and it might go until 4 different objective :
- 61.8 % at 1762
- 100 % at 1665
- 123% - 127% at 1610/1590,...
hey, hope you are well
Based on this chart and what we can see, we are probably at the end of wave 1 structure. So, there is a high probability that we encounter a correction.
I believe if the Trigger line breaks, we can go short and reach our TPs.
Cheers.
This suggests that NZDUSD will continue further down. A difficult pattern to trade, ABC patterns tend to fool everyone,
bulls and bears by having two strong moves though choppy in themselves interjected by a counter move in the middle.
ABC are counter trend moves to blow off overbought or oversold conditions before resuming the larger trend, in this
case it is down.
- On the weekly chart we can spot a huge falling wedge - bullish reversal pattern!
- If you take a fibonacci retracement from previous low (3000 USD) - we are currently sitting on the 0.618 FIB level!
- I think the drop below 28k was a capitulation event to kick out all stop losses and trigger liquidations.
- ABC correction from all time high is now completed...
If this analysis is correct, we are seeing an ABC Zig -Zag down to about 3600-3500's. Also, that would mean the next two weeks will be very intense selling. So far, this bounce today is weak and looks more like a small abc completion than anything else.
ABC, easy as 123 margin calls.
There isn't enough evidence to set up this trade because we can't establish USDJPY is in a downtrend. But my hypothesis is
that since it was the leader in the crash of the general markets then this will likely top first. This suggests that this is possibly
topping here now. Though I'm no longer an Elliottician I use the patterns and so the hypothesis is to...
Hello traders,
Eiiishhh, what a crash it was on the worldwide market!!
But don't worry, we will soon see the bounce soon coming back after we finish scaring everyone.
We are entering into the strongest support zone of BTC, which is also the B of my blue ABC, that will be on its 123%/127,2%
My lowest price objective will be 28420 , which is the 161,8% of...
If this level holds, we might see a retracement coming in for Amazon.
There seems to be a possible complete ABC correction here in the charts.
Not financial advice, just entertainment.
EURGBP is ranging perfectly between a parallel descending channel. The nice thing about this pattern is that each wave has an ABC corrective pattern which has been highlighted in ABC.
We can see that we're currently on the 5th and final wave, which is the E wave. After this wave, we're expecting a major bullish reversal. In the meantime, we can still trade...
Market finished 1 to 5 Elliot wave theory and we are forecasting that this is the end of an ABC correction because it is 0.382 fib zone and top of the accumulation zone.
Entry: 65
Invalidation: 53
Target: 88 (middle of the accumulation zone)
