It was perfect opportunity to buy GU off this fork I have had on it. The abcde pattern can even be drawn differently, as a larger running pattern, both line up. But keep in mind we didn't quite hit the fib level (doesn't have to) and I think we could possibly wind up with a larger diagonal pattern (ABCDE) within this pitchfork. So at this point, wait for a flag to...
E breaks, price reverses, if not in, catch wave 2 retrace. can potentially even go down to break the low and continue downtrend, but take profit on wave 3 and see.
Long IQ after the break back above support here. Long Aug17 $25 call/Short Jul20 $41 call for $9.55. Stop: $33.50 Target: $41.00
On the daily timeframe, price has completed a 3-wave structure (ABC), hitting the ratio expectation between 20.39 - 20.97 area as well. On the lower timeframe, we are seeing a diagonal structure forming with a divergence in RSI too. These give us a good reason to be looking for a potential reversal trade on the USD/MXN, targeting 17.81 as the first...
Price is showing sign of a completed ending diagonal structure. We are looking for price to move higher from here potentially towards 133.43 - 136.93 area. **Disclaimer - This analysis alone DOES NOT warrant a sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management...
Umex made a small 1 hr ending diagonal. Whether this is the bigger drop, I cannot know for sure (refer to last post or watch my last live stream). We can just get a small wave 4 and one more push, possibly 38% or it starts working down.
Usd/chf has broke its trend line in the form of a 5 wave diagonal. Therefore I would expect a 3 wave structure to happen. So if we have a leading diagonal, then I am looking for a 3 wave structure to either confirm further downside or bring Uchf into a larger corrective structure. If it makes a little correction and then hits that 38% fib right below it, that...
Price has been forming a diagonal structure. We are now expecting price to move lower impulsively, breaking down from this structure.
Hey guys , if any of you trade stocks , i would recommend to find an entry on TESLA stock shares , it looks very nice Expanding Diagonal on it and may go at higher prices based on the Elliott Wave outlooks. Goodluck!
Gold dollar is in a complex combo pattern on higher time frames. Appears to have done an ending diagonal followed by a leading diagonal. I expect this 5 wave it just did to turn into a larger 3 wave down. I do not consider the weekly trend line it came off to be meaningful. It looks like it did a trap pattern to continue down but that may just be a leading...
SELL 72.00 SL:=73.1. TP:=66.10
REd arrows show how it can play out. Fake-out not necessary but common. Short term bear.
Could be a big 3-3-5 Flat where wave (C) can be either impulse or diagonal also note previous wave (4) ended near 38.2% retracement level
We got a nice breakdown at 61% retracement. A leading diagonal formed.
If the blue wave count is correct, another new high is not so far away alternatively, complex sub wave e is also possible OR sub wave d is still unfolding (although less likely)
Last lesson for today. I want to catch something moving in a direction, after it pulls back and starts to continue, based on wave theory and fibonacci, among other things, of course. When you trade something going in a direction u can wind up in this......(a diagonal usually indicating price reversal, at least this type)...Just put your stop above the high right?...
Maybe BTC will finish a flat with a diagonal in C