Good Day All, FX:USDCAD I am currently seeing some bullish momentum short term finishing off an inner smaller time frame flag within a longer term bearish trend. We had a pennant brake from the top which fell to a support trendline that held creating our current major flag, I am currently looking at an Elliot correction ABC wave finishing off which I am looking...
This is a triple confirmation on strategies from Streetsmarts... 1. Holy Grail is watching ADX it should be correcting only from uptrend > 30 2. Gap below yesterday's low then reversal recovery in morning at 35.10 3. 80-20 is yesterdays range opened in upper third, and closed in lower third; today's gap down then recovery of yesterdays low, buy > 1st hour bar >...
Reversal time of C for A (ABC). As my idea, you can take tp at yellow line. Thanks for your interest.
GBPAUD is currently in an interesting position after support has held at the lower section of a long term bullish channel (4 years). Fresh bullish volume can be seen increasing on the Daily and 4HR, coupled with the Daily MacD in the heavily oversold region. Additionally, The Daily ADX has began to pinch after separation apparent. In regards to a price action...
I believe EURJPY will soon see a series of 3 corrective waves ABC following previous waves 1-5. Looking to short at resistance level.
it seems going down Maybe
BCHBTC creates ABC correction, and we are waiting for fifth legs in order to complete ABC (Elliot's Wave) When the price will break the support and flip it in resistance, We can set a short order according to Plancton's Strategy ––––– Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken ...
PING AN - detailing the "ABC" (5-3-5) wave structure. Regards, Team Traders "PowerfulTraders" flat
Sands China Ltd (1928 - HKEX) looks in corrective WXY wave pattern. After completing X, it dropped in five wave A followed by its corrective B wave. Sell with stops above 33.30 with C (W - internal of Y wave down) as target.
M&T Bank (MTB - US) seems within B wave triangle. If brakes then only - sell for C down wave with stops above 110.90.
3I group (London) is within triangle as B wave down & weaker stock compared to FTSE 100. Sell below 715 level only when breaking down the stock & keep stops above 755 for target below 530.
BAE Systems (London) seems started C down followed by A-5 down & started under-performing the FTSE100 index. Sell it near 525-40 with stops above 563 for downside target C wave below A wave low. To get trade wait may be for tomorrow to get the desired level shown in box. I feel it's already made a 1 of C down and now take a day or so to make 2 wave corrective, so...
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The first down leg was caused by Absolute panic, but now it is time for the fundamental elements to play their roles! More than 30 million Unemployment claims and -7.8% consumer confidence index means lower spending in coming months which will lead to lower sell and profits for companies! Don’t forget that average bear markets lasts 16 months!
Price impulsively moved down from the correction of wave 5, for the possibility of the ABC correction before continuing the up trend to the levels highlighted in the top blue box.However it should be noted that at the end of the ABC correction we could see a head and shoulders pattern play out so we need to monitor price level around 0.64464 for the potential...
Hi everyone. Trying my hand at stonks again., Nokia is showing a number of potential reversal signals. For starters, Nokia gapped down and held the 0.886 Fibonacci retracement from the July 2012 correction rally. After that rally, Nokia had what I believe to be an ABC retracement downwards, with a target for "C" being $2.42. This correction sequence in my opinion...
Crown Holdings (CCK-US) looks like completed B wave corrective followed by A-5 wave decline. Sell below break down level 59.25 for C down with stops above 60.55.