Simply if you understand Elliott waves and read them you’ll see Wave A is a flat and wave B is Zigzag and as usual wave C is an impulse. the pattern is finishing their job and the trend resumes his way down.
From starting of 2019 we can clearly see equity markets around the world gained some percentage. As my point of view equity markets fell to sideways to downside on coming months.
As per my wave analysis S&P 500 trading on corrective ABC pattern. i am looking for reversal should happen @ 2920 to 2930 resistance zone.
My entry for Coming...
On all exchanges it looks like BTC has broken the long-term descending TL that WAS a steep sloped line so sideways action has done the trick. We could draw a new line but it just wouldn't be perfect like this one. This also gives us room to complete the ole C wave taking BTC to that 4300 range. Please leave feedback, it's much appreciated!
Funny fact: I just...
As far as I see we are in the middle of a smaller b wave within an abc pattern forming a bigger b wave ending around 96,01 (61,8% of the bigger a wave).
From there it might be a good idea to short again to at least 93,74 (27,2% ext. of the bigger a wave) or even down to 92,85 (61,8% ext. of the bigger a wave)
completing the abc correction pattern and kick of the...
Im a stickler for big titles..lol this is my approach to looking at the potential reversal zone or completion zone for BTC.
the fib Extension of the previous C wave of the 1st Corrective Structure is what I am using. I believe that if we are indeed in a C Wave of a correction,,, then it should retrace to at least the 127. Extension of the previous C leg. As we...
ETHUSD Update: Corrective wave in play with one more leg to complete which can lead to a retest of the low 300's. A break above 334 will signal the next leg up is in progress.
In terms of wave count, we are in the C wave of subwave 2. C waves are usually impulse patterns and often make people uncomfortable. We have nothing to worry about because upon completion...
The FX:EURUSD is beginning to form a head and shoulder pattern. I will stay alert.
Overall I think that FX:EURUSD is going up but a small correction will occur before. It is also a clear C wave if you are wave trading.
USD Index look like it is ready to fall based on the fib and the wave pattern. The only question i'd like to know is 'is it ready?'
1. From the top, there is a clear and clean 5 wave impulse down.
2. From the bottom, I have marked out a fairly clear corrective Flat (5-3-5) wave structure.
3. Of the corrective ZZ, A vs C ratio has...
As forecasted, I was expecting a final USD fight back for the next few weeks and it has definitely started turning with a sharp fall which I have labelled as wave C. Below is a quick update of my count and summary of what I am expecting this pair to do over the coming weeks.
Starting from the low at 1.03411
Wave 1: Leading Diagonal impulse...
USDCAD is looking to approach another sell area in its daily corrective move we have all been following so intently. There have been many setups on offer during this period and this short setup is by no means any different. Nevertheless I will touch on why, further down in this piece, this correction may be coming to an end!
If price doesn't move into no mans...