Crude Oil after giving the first round of declines has made an corrective upmove in 3 waves which has reached wave a = wave c levels and we might potentially see another round of declines towards 34 to 32 levels in Crude Oil to Complete the Correction of the Larger Up move from 26 levels to 42 levels where one can Buy Crude Oil again. Happy Trading!! Siraj...
Looks like we may have entered into an ABC correction here. Price broke through trend support and then bounced off 2015 key level which could mean we are entering into the B leg for a long, and then a C leg for a short.
I tried to go long based on the orange gartley earlier. now that price violated X we have another bigger gartley completion point below. rest stays relativly the same. so check out the other idea for more info
IT IS CLEAR FROM THE CHART THAT WE WILL SEE THE END OF WAVE C @ 169.416 FROM THERE THE PAIR WILL RESUME ITS DOWNWARD DIRECTION
MOEX:USDCAD . Eventual ABC correction, targeting $1.31 price zone; . Eventual Bullish Bat or Gartley pattern between monthly resistance @1.34555$ and monthly support @1.28310$; We just need to wait for the end of correction; Short B to C, Buy the Harmonic; IF=THEN BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2%...
FX:CADJPY Double bottom. It can work as reversal, but first things first, we have a neck to break, that will validate the double bottom; I think the Bears still are on control, we have no divergence on RSI and IF so, we have a cluster zone where the price "should" land around the $74 and $72; (4h chart showing strong bears pressure...) GARTLEY Point...
WAITING FOR RETRACE TO ENTER!!! 200+ PIPS after retrace...Good Luck!!! KEEP THE RADARS UP!!!
Possible ABC into a Harmonic Bat or Gartley or even a Butterfly! Either way, I'm looking for more upside... Waiting for the break to enter 250+pips upside...GOOD LUCK!!! KEEP THE RADARS UP!!!
FX:USDCAD SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD Safe trades; open.spotify.com
FX:AUDUSD Gartley: Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Price as rejected a close below the 618% retracement twice (at daily supportD1)... broke out the bullish structure, rejected one first time at 61.8%, tested previous structure, and rejected again at the 618%...
Analysis price finding support at a major Monthly level Confluence Monthly support prev supply 50-ema dynamic support Convergence zone Pattern confluence Gartly ABC-pullback
Analysis price ranging into a triangle formation move down to complete -leg 4 of the triangle price could retrace from any of the 2 PRZ levels Confluence Multiple Fibonacci confluence ABC pattern strong S/R levels falling support of 4hr-20ma near PRZ
got a nice potential Fibonacci inversion setup with an ABC correction. Great risk reward on both target 1 and target 2. This setup has been working great over these last few days and it looks like its presenting another nice setup.
ABC wave pattern seems to be complete. But is the correction complete yet? Looking at last weeks price action we cannot discard a prolonged flat correction . But I will still be looking for long opportunities, as I expect wave 3 to the upside.
On the daily TF, we are in the midst of the fifth and final wave of an expanding ending diagonal, counted as C of an ABC zig-zag correction. The monster buying opportunity will be at the completion of this C wave, however, we may be presented with a short term long opportunity with a R/R of 8.5. The current count is wave-b-of-(c) in a potential flat correction...
FX:XAUUSD This can be part of another corrective wave like an ABC, synced with an eventual ABCD pattern, to then sink again, and in that case we can sell the structure ("channel") breakout. OR it can be the start of wave 3 of a 5 of an impulse, that will send the price to go test the previous structure "channel" from weekly chart. - you can also zoom out on...