Hello traders, EURAUD made a firm drop, down from 1.98 high, which was set in March. We can see that price made a five-wave development, which is first evidence for a bearish trend being made. That said, a five-wave movement has also found a low in June, so recent recovery can belong to a correction within a trend (wave B/II). We are observing an A, B, C move,...
Do you think they will be able to increase their sales towards 20-21? I don't...
Will the Elliott Wave theory guide us to the eventual demise of the current correction cycle or help us recognize the turning point to new ATH's. Please like and leave your comments below.
Hello traders, USDCAD is in a three-wave drop for a wave 4, a temporary pause within the bigger, bullish trend with possible support at the Fib. ratio of 38.2/50.0 (1.322/1.3185 zone). A sharp, and strong recovery towards the 1.332 high would suggest a wave 5 to be underway. Trade well
First time publishing! Looking on the daily chart here, I believe we have a pretty clear 1,2,3,4,5 wave setup going on. My thoughts are we could see one more down move for Litecoin to the .618 fib level ~$65.65 then a wave 5 up. My targets are $100-$105 for wave 5's top. Observations: Daily RSI still has room to drop Daily MACD crossed over and the...
This is an update on the biggest bull run in history. Watch out - the DJI could head for the moon, or hesitate (consolidate), or fall grudgingly before charging north or south. Eh? Like some people might have wanted me to make a commitment. I'm not doing it, cuz the whole thing is extremely ridiculous. LOL! Right - so this is only about possibilities and...
The EUR/USD is at big time support level dating back to 2015 on the weekly. It has also been trending down for quite some time on the daily... If the weekly support, and the low pin bar is broken, I might play this down for a month or so. Fundamentally, if the US sinks into a correction there will be USD pain. This might create a fake breakout to the downside...
On the weekly BTC finds itself within a thick ichimoku cloud. Bulls will like to test the upside boundary of the ichimoku cloud, but a correction to the downside seems likely. If we test 6530 support and hold then we will restart the upwards movement. On the contrary if we fall below 6530 then BTC heads back to 3500-4500 area.
Testing strategy, buy limit, red lines are possibles SL looking for an impulse, might break the structure, if so, we could even try to find a higher TP
AMZN has a topping formation which is incomplete at this time. Incomplete means that the stock has not broken through the strong nearby, short term technical support level YET. It may or may not. The stock can always shift sideways as BA did, as an example, to pattern out the excessive stock price uptrend created by speculation. Trading range corrections, as...
Long term we are bearish but monthly and daily are giving a possible push to the upside. It might take weeks for that to come to play. But for now we remain bearish
I believe, It's in last leg of correction.
Keep a close eye out for an opportunity to buy this pair. Good luck all.
ETC/BTC low risk high reward, Shorting the market. I'm seeing strong resistance level at 0.002841 on daily chart. RSI looking almost overbought(ALMOST) and strong resistance ABC waves (2 scenarios) just wait it out. If you have different opinion feel free to share it STAY LIQUIDATED!! (Plug) Twitter: ACGAXS
Current price action is hinting towards a long bias on this pair. I am expecting a move up similar to the last two impulsive moves.
Look to go long at market price and watch for the breakout. Hold trades until the 150.900 area is reached.
As we all know this pair is TANKING!!! It has followed the channel perfectly as shown on previous posts. This shows what we have broken the key level .98300 area!! FINALLY!!! I'm still in this sell as i've caught most of the lower highs - i base my trades on impulses/corrections as you can see! KEEP GOING DOWN BABY!!! Next week lets hit the 9700-9600 levels!
Current price action is hinting towards the upside for Gold. If price forms a corrective pattern or an aggressive move upward we can assume a bullish move for this pair.