ABC completed sell the breakout of corrective structure
Upside view remained, I changed labeling as the horizontal structure of the finishing wave makes me think of an ending diagonal in position of wave (c) of wave A. The wave B can hit up to (and even beyond) 100% of wave A. I put 3 arrows upside and 3 arrows downside to show the potential price action levels.
100+ Pips SELL Good Luck!!! KEEP THE RADARS UP!!!
MIGHT BE TIME FOR SOME DOWNSIDE! 500+ Pips to Either Pattern completion... Good Luck!!! KEEP THE RADARS UP!!!
GBP/CHF has delivered new high with what I believe could become the first impulse in A-B-C EW progression. Wait for the corrective pattern wisely and get on the bullish side.
It could be an Ending Diagonal in the position of wave C. We can reach then the $55-58 area where both 61.8 of A and the top of diagonal meet. Break below 45.12 (wave II) would invalidate this count. I will add another possible count in the comment to this post to show you different perspectives.
USDJPY is about to complete the C wave of the ABC correction after the last impulse down.I'll be waiting to sell the breakout of the bearish pattern that has formed on smaller timeframes. Targets would be 101.00 and potentially break of 99.50. Trade your plan
If it breaks the correction, wait for a consolidation and then buy
Identify - Price action already showing bullish direction - Pair has hit 0.786 fib retracement of 1-2 Inpulse leg - NZD has still maintained a bullish bias Predict - 0.382 / 0.618 confluence of both impulse and corrective legs - Possible ABC pattern forming - Bears need to take a breath and enjoy some profits - After huge USD strength, time for a...
Possible reversal point coming up!! Observing this one for a large move...let's see!!! 10 to 1 RETURN ON INVESTMENT if this works out!!! 400+ Pips up to target Good luck!!! KEEP THE RADARS UP!!!
Looks like USDRUB is in a larger corrective move. Therefore another drop is pending. C=A = 41.75
Natural Gas is asking desperately for a sell call and this is just a part of the corrective structure in ABC pattern, long term prospect remains bullish but people can enjoy the C wave to mint some profit.
It seems that CL is on the last leg of the corrective ABC move, thus short term gains can be made from the trade . CL is bullish at the current stage and can comfortably achieve the hinted target within few weeks.
We are at the end of correction in wave C of (X) before the strong upside reversal in wave (Y) of ((X)).
Market is entering an ABC corrective structre wave and will likely go through a minor pull back on to the 0.618 fibaonacci after failing to break the double top resistance.