A L O H A - Have been watching this for about a week now and momentum has finally picked up. Currently in a tight bear flag heading downward. Impulse early morning while Hawaii traders were asleep, did not set an entry order but okay as the market always corrects. This is a nice potential entry I am eyeing out at the break of the structure or at the top for a...
GBP/USD could give us a nice longswing opportunity as a 3 wave corrective structure to the upside could be in play here.
I am still missing one more leg up in the US Markets. The overall picture is bearish in my count however I am expecting that the recent downturn will be corrected in a 3 wave structure. We can see this structure a lot more clearly in the European Markets already, however in the US Markets not so much this might be due to the Trade Deal shenanigans we have...
A interesting setup with a good chance to risk ratio could play out in the USD/JPY. I expect this pair to be in a corrective channel making a 3-wave corrective structure to the upside. Once we reach the highlighted target area the pair should be observed more carefully. Please dont make an entry blindly there needs to be confirmation in the smaller timeframes as...
As analyzed the German Index made the expected 3 wave pullback to the upside. However the overall picture remains bearish in my count. There is still little bit more room to the upside maybe around 12200. The index should now be watched carefully however since we are potentially in the final stage of a 3-wave corrective completion after which I expect the...
I am waiting for an entry to confirm the long for my target to 1590. As things stand now, price is trading below the resistance of the corrective structure. It is possible that there will be a 5th wave to the downside before the break to the upside. Should the break of the structure occur now, I will trade the long to 1590. Should the price retrace for the 5th...
It looks like the corrective subminute wave c of minuette wave (ii) might have ended at 1.09425. As part of minute wave 3 of minor wave 3 we can now expect prices to move lower short, medium and longer-term with short-term declines reaching minuette wave (iii) near 1.07836. The current correction is likely to end as a zig-zag pattern a,b,c with subminute wave c...
Simple chart, two double tops in July, September. Index repeatedly rejected from 3020 level. Divergence in other indices- Dow, NQ, RUT all below their ATHs. We got a right shoulder forming from Apr > Jul > Sep. May was an ABC, August a meat-grinding see-saw; IMO October will be a vertical drop to double bottom. I do expect ONE more rally attempt before...
As per our previous post on crude oil, i am expecting 53 mark that 127.2% extension support but price reversed from 100% level. As per wave principle length of WAVE C = WAVE A, I am looking this impulse move as corrective part.
In last few months pattern formation on Forex pairs more and more complex. As per my wave count USDJPY trading in DOUBLE ZIGZAG pattern, Next week i am looking possible reversal to continue the corrective impulse wave. SIGNALS: Enter long @ 107.30 -- SL @ 106.50 -- TP @ 109.25
Hi Friends, Usdchf i am looking for corrective upside upto 0.9970.
Closed the short position at -0.5R as a bullish pin bar formed on support in a corrective wave structure back to the downward sloping trend line. Date Pair Direction Trade Trend Level Signal Entry 2019-09-17 AUDUSD Long Counter Trend Down Static Pin Bar break
Hi Friends, EURUSD found support two times @ 1.0930, Price action and pattern formation looks more downside is ahead. Still correction is not over this pair, i am expecting price is in between 1.0900 to 1.1150 on current as well as next month.
I have been waiting for AUDNZD to reach the resistance level at the top of the daily structure, shown in blue. This is a bearish structure confirmation of the earlier break to the downside on the weekly time frame. I have shorted the daily setup for wave four to the downside. There is a strong possibility that the structure will break the bottom on this wave as...
As per my last post on DOW JONES 30 analysis 26775 act as resistance, But on that level price is quite sideways and broke that resistance. Current pattern looks like complex double zigzag patten, i am expect price will move to 26550 -- 26600 zone of resistance to complete this pattern. Still downside targets are there so market is in bearish to sideways only.
The Price of Crude oil trade in between 50.50 to 58.50 from August 1st week. There is no clear direction, as per wave principle pattern looks like complex corrective pattern. Currently wave B going to be completed on coming weeks to form wave C. On this we can clearly see 53 mark acting strong support, Once again i looking for this level act as strong support for...
HI Friends, USDCAD currently trading on complex corrective pattern. I am expecting shortterm trend will continue upto 1.3340 level to complete wave B. Short term BUY UPTO 1.3340 . ENTER SHORT @ 1.3340 -- TP @ 1.3100 -- SL @ 1.3400
Last week I presented two options " The first is that the S&P500 has completed classic symmetrical triangle. It is a continuation pattern, meaning that the move going into the triangle will continue. In this case it was the move from 3029 DOWN to 2822 that was the initiation move. Assuming SPX2939 was the top of the b-wave, then simple symmetry targets: 2939 -...