We have seen quite a rally recently on GBPUSD with various fundamental changes spurring the explosive move upwards. Elliot Wave is something I have not really used before but am starting to look into it with more of an interest as it seems to be quite a powerful tool when the time comes. From my basic understanding of it, we might have just completed the 5th leg...
We are in the middle of the 4th wave of the 3-3-3-3-3 descending triangle correction. Price will fluctuate between 68-73 for the next 3 days and then hopefully begin its continued journey upward
Traders, EURAUD is in correction, B corrective wave possible flat Watch to short C wave. Trade with discipline. Best
I personally think BTC is all hype. How much value is in a currency that is used for Illegal shit? idk lol
Buy is almost over
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
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...
The 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...
Ya'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 ;)
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...
looks like gbpaud is in a correction after an impulse wave. I think it is getting ready for wave 3
I 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%...
We have a subwave 5 push to explain the continuing trend, possible correction to the downside.
I 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 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 THEN GO LONG ON ITS BREAK UP TO COMPLETE THE BULLISH ABC WAVE
RSI Negative Divergence Sell in case of down break of the red triangle buy in case of up break