Strongly believe that the £ is going to have another major crash Causes... -Brexit (No Deal) -Recession
May take a while to set up but the overall bias is short, waiting for the corrective wave to finish and then waiting for a big short to the downside. Two possible entry points, dont be surprised if its the 2nd one to catch people on the wrong side of the market
The USDCAD triangle pattern seems to be taking its final form, suggesting a marginal upside move before continuing longer to support the longer-term trend. A successful test near the price/trendline intersection could offer a nice risk/reward medium-term opportunity. Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as...
Hello Traders, Big part of market starts to be really bullish. BUT there is still (too high to be considered) chance that we are still in (ABC) corrective wave of downtrend ... If so, the next downward move could take us to double bottom or even below (6400). Area 9.2-9.4K Will be very important to watch what kind of structure wil be formed by Bitcoin. ;) ...
1. It seems to be an Ending Diagonal. 2. The big picture shows us ABC correction is over. 3. Rejection from resistance zone (109.732) 4. Divergence on MACD. Let's see what happen next ;) good luck
1.Resistance zone on top (Blue zone) 2.Rejection from top of the channel 3.wide range Divergence on MACD 4.5th wave is finished 5.we are in the Big correction phase (This analyze start from the vertical dotted orange line) Let's see what happen next ;) Cheers
AUD/JPY Selling opportunities presenting itself on this pair with a larger timeframe corrective channel. By using the three touch method, we can project some exhaustion before a move downwards. A few points of confluence are as follows: - corrective nature which has happened historically - three touch method at channel highs - previous area of market structure...
General major uptrend. The market finished a wave 3 rally. Expecting corrective wave 4 as an ABC pattern. Price action confirmation. Entry short, then long. Set price alerts for market price as on chart and monitor. Safe Trading! #ElliottWaveTheory #TrendAnalysis #FXTrading
Short term Elliott Wave view on S&P 500 (SPX) suggests the rally from August 6, 2019 low is unfolding as a 5 waves impulsive Elliott Wave structure. On the chart below, we can see wave 3 of the impulsive move ended at 3155.32. Wave 4 pullback is currently in progress as a double zigzag before the rally resumes. Down from 3155.32, wave (a) ended at 3110.78 and wave...
A solid daily close above the B-D line (trendline breakout) with increased trading volume would send a very bullish signal.
Gold could still reach its target like analyzed before as long as it stays above point of invalidation. There is a good risk to reward ratio at the moment for this trade setup.
expecting wave (5) will push the share price to all time high
It looks like a triangle correction has been forming since stock price peaked at 3.90 in July this year.
hey fans hope you doin well .......this pair will be giving a good move next year :) so keep an eye on this :) its a good sell now for a short term but in very long term this will be giving us buy
It looks like the corrective minor wave 4 has ended a tad above the strong 1.1025 resistance, taking our breakeven stops. The recent attempt to push prices higher is most likely done for now and fresh lows could be expected. Minor wave 5 is expected to end below the most recent low of 1.0880, where intermediate wave 3 will also see its end. The intermediate wave...
In the Dollar & Turkish Lira pair we could potentially have finished a running flat abc correction (in a running flat the c waves doesn't reach a new high or low point). Its still to early to say whether we have broken out of the structure to the upside but this pair should definitely be monitored, as a new impulsive move to the upside could be in play. Trump...
USDCAD Is Expected to make correction into the hidden gap zone before continuing downtrend.