REASONS FOR: ABCD PATTERN COULD BE MADE IF IT REBOUNDS OFF 50 OR 61 WE COULD SEE A DROP TO ARROUND 1160'S LEVEL SO YEAH GOOD LUCK
STILL LOOKING FOR D EXTENSION BUT TRADE IS DOING WELL YOU CAN STILL ENTER
After an impulse wave, we can see a triangle forming in this pair.I'll be waiting to sell the breakout but we may see a bit more correction as the wave E is on it's way. Breakout may occur anytime soon so I'll be watching this pair as it goes. Trade with care
FX:USDMXN Safe Trades;
A-E triangle patternm (EW), short here Tight SL, low GBP confidence pre referendum, waiting for short squeeze to complete, See GBPNZD chart, will be shorting provided GBP basket is in position for mid term short positioning roughly 1 month TF
DXY still pushing lower see chart attached,. manage risk well on this
NASDAQ:AAPL Correction or trend continuation? Where to buy Apple? Safe Trade; open.spotify.com
FX:AUDCAD Double top; Broken Neck; Support found @0.9864$; 61.8% retracement; It looks like an ABCDE pattern, i'm expecting the bears to get in action ;) 2618 setup complete; Safe Trades;
Hello traders. Learning and developing my skills in FOREX. If i am wrong dont judge me :) But this is my opinion on 1H time fram With EURGBP . According to Fibs , MACD, RSI and some RES/SUP lines and a little opinion from PSAR trend should go up and Continue with ABCDE patters.
Just thought I'd post this to see what you guys think, I think we should see this finalize in the 2040 area, with the highest potential of 2050 as a massive short squeeze . . . share your thoughts and charts, happy trading!
We could see the TL break soon with a completion of a corrective ABCDE triangle pattern formation.
The first phase of the corrective structure is a clear flat. The second phase is underway, so it could be either the green triangle or the red ZigZag. If it is to be the triangle we should see a clear reversal at the Blue trendline resistance to complete the last leg of the triangle. On the other hand, if price clearly breaks the Blue trendline resistance, then we...
I think i see a zigzag in the DAX. I have not traded the wave-patterns much, but i do my best. If any expert out there have a other view on this, please comment so i can make it better next time.
Idea is based upon Elliott wave theory supported by median line analysis. More info on the chart. Good luck.
Possible ABCDE Pattern, Bullish Divergence.