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 watch attached ideas on gj from earlier this week! pm me for questions.
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.
watch 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,...
This 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...
First 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
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...
sl 1.4841 tp @ 1.4280 tade with care
Another look at GBPUSD corrective structure and wave combination. I concluded that we are near to an end of correction with a Triple three completion. My previous count was discarded. None the less, looking for the same direction. But price has to make an strong motive move first before any entry is considered.
We are in corrective structure after a 5 wave move up on USDJPY. We seems to be in the latter stages of an end to the correction. Overall a breakout to the upside is expected. Remember this is a Daily chart, so it may be sometime before it pans out. Price zone to note is 119.50 - 119.00. Price action in thhis zone would give clues about what possible correction...
Morning! Looking at the correlations in excel for today, EUR/USD + GBP/USD have a very positive correlation (93.9) for the hourly This means USD is countered, i.e it becomes EUR/GBP > also waiting on retracement from the FIB EXT level of 127.20%, this will complete D, and will be a good time to sell if the price reverses from that area. Elliot Wave - I have...
Very Interesting R/R. A nice gartley pattern inside a triangle. Possible C Wave extension(127.1) to 1741.9. FX:SPX500 Stop Loss above 2117. I would close the trade if a breakout occurs above the top TL. Have a look at my take on the long term outlook in the picture below. Good Luck trading. Regards, JK.