Short and simple(the graph might be harder to read as there are some elements overlapping, but I'll explain them here).
By this point almost everyone knows what's going on.
Just today EURO/USD hit one of the wave 5 landing zones(1.62x wave 1) around 1.1432 , and immediately bounced back.
This is supported from the chart as the 100+200 week MA's, are around the ...
Copper was doing good during last two years as it rallied from sub-2 to above-3 levels.
But the structure is corrective so the wave C finished the correction being equal to wave A by size.
Then we saw a breakdown below the white support this March.
After that there was a healthy pullback, which was rather menacing as it almost broke the earlier top but failed just ...
On the daily timeframe, price has completed a 3-wave structure (ABC), hitting the ratio expectation between 20.39 - 20.97 area as well.
On the lower timeframe, we are seeing a diagonal structure forming with a divergence in RSI too.
These give us a good reason to be looking for a potential reversal trade on the USD/MXN, targeting 17.81 as the first ...
Price seems to be in a consolidation after the first impulse move to the upside.
We are expecting price to make another move higher should it continue to develop correctively from here.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a ...
eth is in a consolidation phase and we can see double abc is complete .
put some money in that can be a good choice.
this bearish wave must have a some correction and upward movement. vol is dropping and we can see a big vol on eth very soon.BUT no one can say bear or bull strongly!
good luck .
NJ broke small diagonal coming off intersecting fork lines. It was also the 200MA on the monthly. This pair can have some very large upside even breaking the major high on this screen, considering the pattern and price action.
On the daily chart of EURAUD, the price has started a new bearish trend after a corrective B wave. I expect the price to continue to fall within the C wave, forming a breakdown of a forming fractal would be an optimal short level.
A possible recovery I see in the range of 6150 and 6300 dollars. However, we are back in the falling wedge and the bears are in control of the course. I expect further falling courses.
Ecad seems to be on the way down for at least a correction. If a "C" wave, I would look for another flag from that zone area (1.618 extension) for another push down to the .618 for equal length. I would look for an even smaller flag to form as it is hitting this low.
Considering UJ did a very simple correction followed by "B" wave like wxy structure breaking the high, I'm looking for UJ to make a running flat here....
