First of all I wash you all a happy prosperous new year.
We still believe that wave 4 correction is still underway and we will see the continuation of it during this week. Another scenario is that wave 4 is a running flat in which wave b goes a little bit higher than wave 3 before going down but we don't see this scenario in other USD crosses.
If you are looking...
This is a follow up trade to my prediction of the top for the Dollar.
Check related ideas for my previous forecast.
We have a very good trade setup here and the target and expected ETA is on chart.
The lackluster reaction to the Fed's rate hike and the current sentiment readings make me think that this trade setup is of high probability, making it an ideal trade...
The Dollar Index quarterly chart has an uptrend signal comprised of 20 bars that has hit the target ahead of time.
To make things more interesting, the range expansion rally near the top is about to fail, meaning that price might not reach the target on chart on time. If this were to happen by the end of the year, a retracement of the whole advance would be a...
There's a distinct possibility that we will see either a major correction or a larger scale reversal in this pair, in 3 weeks or sooner, according to the methodology that I use, which is time at mode.
For the channel enthusiasts, we got an intermediate term downtrend channel top upper barrier above, in the area of very strong resistance, which I derive from my own...
The US Dollar has formed a symmetrical triangle during this period of consolidation, as seen in various currency pairs in the forex market. With the bullish sentiment the US Dollar is still holding on to, we can likely see the dollar break above the symmetrical triangle. After the price breaks out above, we can then look for an entry to continue the ride up.
Elliott Wave Pennant ABCDE - Daily Time frame
I see:
Top of wave 3 at 100.39
3 wave a-b-c structure down and then a reversal to the upside.
Have made a-leg up with a break of channel and b-leg retesting broken channel support
C-leg is on its way ...
Trade what you see
@BLawrenceM
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Time is money, a phrase used...
Downtrend failure inminent, I suspect the OPEC meeting outcome will seal the dollar and crude oil's fate here.
Analysis on chart, we have what looks like the beginning of a fifth wave here, after the current daily downtrend signal was reached ahead of time.
Price is about to cross above the mode after two strong daily bars, where buyers were in control.
I'm...
I'm short until we reach my target, but the bigger picture is confusing for the dollar, crude oil and the euro.
Crude oil is currently moving sideways, with a slight bearish bias, but not as radical as eurusd or inverse dxy.
I drew the daily and weekly time at mode signals on chart, with the MTPC indicator showing weekly candles, while the line chart makes it...
3 drive to a bottom
I see a harmonic pattern which should reach target 1 and 2.
I do not find them as reliable as the other harmonic patterns but as long as
the yellow "line in the sand is respected it stays a valid pattern.
Fear not .... believe in what you see and trade it
@BLawrenceM
Music at work:
www.youtube.com
open.spotify.com
Twitter for quick...
