Correctionwave
Correction Hi traders.
Before it reach the first target that I previously put free to all of you, it is going to make a retreacement till one of that to equity areas. Then, the price can reach, eventually the second target :D
Correction EurUsd Confirmed 15-03-2017 (ap)Hello Dear Traders & Welcome To Growing Forex
"TRY & REFER THE BOLLINGER BAND WITH RSI"
Be Prepared For A Rate Hike Today (1.00%)
According To Bloomberg The Sentiments Of The Rate Hike Are 94% & It We Are Pretty Much Sure That They Are Going Hike The Rate, The Average True Range Of Volatility Of EURUSD On Rate Hike Is Approx 100-150-200 Pips (according to past rate hikes) That Is Enough To Drag The Price Southwards To 1.0560 or 1.0492 Levels. Trade On The Breakout & Close The Trade On 1.0560 - 1.0492 Levels As Shown In The Chart. This Will Probably Indicate The Completion Of Wave B & Start of Wave C.
KEY EVENTS TO WATCH TODAY :
1. FOMC Economic Projection (report) 11.30 (IST)
2. Fed's Monetary Policy (report) 11.30 (IST)
3. Fed's Interest Rate Decision 11.30 (IST)
4. FOMC Press Conference at 12.00 (IST)
"Don't Waste Your Time With Explanation, People Only Hear What They Want To Hear. "
Good-Luck,
Regards,
Growing Forex.
UCAD update, w/ My understanding on Wave TheoryThe chat boxes pretty much explain it all! :) Also my thought process of what "Wave Theory/Principle" is and isn't in regards to "predicting" the market, no one has the crystal ball, just tools to help turn a shitty ass piece of Crystal into a bad ass trinket that you can sell for loads of money... or just high probability low R/R setups. Whatever you're into :0
Thanks for the support! As always If you like/agree give me a thumbs up/comment
If you don't like give me a thumbs down in the comments and tell me what you thinking! :)
Merry Christmas! approaching the top of the Daily TLYa'll already know I'm shorting the shizz out of UC. Trying to sell from the top. Looking to place a sell when we get to the top of the D structure! Happy Holidays, be blessed and trade responsibly ;)
Ending B wave correction into C? UJ has had a bullish run no one seemed to expect, It appears we have a deep zig-zag correction. Could be a possible move down coming soon. Evening Star forming on daily right by the bearish crab. Looking like a good short sign... to me at least :)
Thanks for checking out my chart! Give me a thumbs up if you agree, or comment telling me how silly this sounds!
I appreciate the feedback! :)
GBPAUD in correction. Getting ready for some down movementlooks like gbpaud is in a correction after an impulse wave. I think it is getting ready for wave 3
GOLD FUTURES - CORRECTION OF 1-2-3-4-5 ELLIOT WAVEI think that the formation 1-2-3-4-5 is finished and the Gold need a NEW SUPPORT for the next Elliot wave.
I give you two possibilities for this support point: 1282 and 1278.
If in the top rigtht now appear lateral formation, the correction will be 50% of the 1-2-3-4-5 wave.
But if in the top right now don´t appear lateral formation, the correction will be 68% (Fibonacci) of the 1-2-3-4-5 wave.
Potential Elliott Wave Correction We have a subwave 5 push to explain the continuing trend, possible correction to the downside.
up till tomorrowI think it still will go higher till tomorrow CPI. After the data it could give a wick and then correct down. The green line is a weekly resistance line which could be touched during the tomorrows volatility.
It is heavily overbought almost on every timeframe.
GBPNZD - In a correctionGBPNZD potentially could be in a corrective cycle as there appears to be five waves up from the low at 11th July, this recent move down looks corrective in nature as it is overlapping, so I'd expect another 5 waves up from around the 1.800 mark to potentially 1.9200 - 1.9400
WAIT FOR THE CORRECTION WAIT FOR THE CORRECTION THEN GO LONG ON ITS BREAK UP TO COMPLETE THE BULLISH ABC WAVE
Wait for the breakout RSI Negative Divergence
Sell in case of down break of the red triangle
buy in case of up break
gbpjpyagain, watch the price action. and maybe open if you find it a good setup! im not in yet, but will open shortly if all goes as planned :P
watch attached ideas on gj from earlier this week!
pm me for questions.
gbpjpy again, watch the price action. and maybe open if you find it a good setup! im not in yet, but will open shortly if all goes as planned :P
see attached ideas for earlier ideas on gj!!:)
pm me for questions.
gbpjpywatch gbpjpy here. .618 and trendline from fith upwave between contracting lines on daily chart. If it goes hard down now, wait first and check if support is respected. I was anticipating a 382 retracement first, but went down too quick. 618 is possible now. Unfortunately, alternation is no more possible in this wave.
daily chart:
maybe a short after this, but that far far away.
check attached idea too!!
PM or comments are welcome.
INDIGO ShortThis is my first post in tradingview. I am new to trading of any kind.I have been trying to find my way using EWT.
I think the stock is in ABC (Corrective) mode at present. I am unable to figure out if its still in A or it has entered B. I can see divergence in MACD (a. top of wave 3 and wave 5 b. top of wave 5 and current stock position)
I solicit a few things from this awesome forum:
1. Is my wave count (1-5) correct?
2. If yes, Should one enter into a position to ride wave C?
3. If yes, what would be the strategy for that?
4. Also, I see the stock travelling within a band as shown. Does it have any significance?
Thanks
SPX - first impulsive declineFirst impulsive decline in a while. After an a-b-c up, I expect another 5 wave down move.
Interesting is that the mcm long-term cycles started to turn as well:
mcm-ct.com
DAX SHORT (2)Hi all,
My previous publication suggested that price last week would reach out to the 0.786 retracement for a harmonic completion before resuming the last impulse wave of the superceding structure. It hasn't quite done so (yet). However on the likely that this bullish correction is over and that we won't see higher prices in the near future, I will anticipate short opportunities now before it's too late.
Following last week's price breach of the ascending trendline (ABC) indicating a 'possible' termination of bullish correction, we saw a strong pull back into an area from which we can infer offers a valid bearish head and shoulder pattern. Concurrently this price area is also a potential reversal zone as per the gartley harmonic completion (purple) at the .78 retracement. From a larger perspective, price has finally found resistance from the .38 fib retracement after an exhausting wave 3 bearish rally. So it wouldn't be unfair to assume that the bears will look to take this one home by completing the wave structure.
Otherwise, if the market pushes price above the 27th high then we could expect bears to take charge proceeding the cypher harmonic completion and wolfe wave completion.
Regards
Laurence
