The price of Tesla ( NASDAQ:TSLA ) had been going down in a 5 waves manner, which was followed by a double zigzag correction, implying the next possible move will be another 5 waves decline The only 2 possible patterns which can be formed in 5-3-5 are either an impulse (5-3-5-3-5) or a zigzag (5-3-5) Therefore we can set two targets for this trade (or just...
It is in WXY correction and ABC of Y wave is ON. Go short near 5530 with stop loss above 5670 for target around 5100 level.
eurusd w ended tonight . and x ended friday ,and y start on monday copsey analys say i need to abc . and elliotwave say i need to double zigzag
My primary "tools" for analysis are "cycle and speed" , secondary is Elliottwave
Traders, Since 29.07.2013 AUDCAD has been in a corrective regular flat pattern and has given us a 3-3-5 sequence till now, so expecting this correction to end for the last final wave which will probably unfold into a five-wave motive sequence to complete the A-B-C ZigZag pattern. In the regular flat: 1 - Wave-(A) developed into a ZigZag internal structure...
Detail @ The Chart
The pair seems to be forming a double zigzag correction. I will be looking to sell at around 2046-ish
US Sugar futures ( SB1!) has completed ABC zigzag as the part of Y wave, as mentioned in previous updates. The total sequence is WXY as double zigzag, which is well known in Elliott wave theory and mostly seen in commodities and currencies. In last updates, we already posted the bull set up for buy a C wave, Now its over. stay short in B wave up at around...
Silver is camped on top of the 78.6% retracement level -- this level is rooted within the fibonacci sequence and is considered the retracement of last resort. The up trend from March breaks down as a double zigzag in Elliott Wave terms, this is a corrective structure implying that the whole trend is likely to be retraced at some point in the future. I prefer...
$ETH Wave 2 = double three W-X-Y (double zigzag). If correct then we are entering the bullish wave 3.
EURGBP could move a tad lower to complete intermediate wave 2 near 0.8480 before continuing higher. The said level is the 100% FE of the first minute degree zig-zag and could be duplicated as minor X was somewhat dominant. Look for a valid reversal above last zig-zag's minute b wave but expect minute c to complete first. Minute c should be truncated to support...
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
EURUSD still trading on double Zigzag Pattern, I am looking final leg downside to finish the WAVE B. SIGNALS: SHORT @ 1.1065 -- TP @ 1.0950 -- SL @ 1.11052
As per previous post i am expected reversal from 0.9970 resistance zone , But price action not supporting for reversal. I changed my wave count to alternate count, Current pattern looks like Double Zigzag pattern forming and target for this pattern is 1.0048. ENTER LONG @ 0.9918 -- TP @ 1.0048 -- SL @ 0.9850
Possible double zigzag pattern forming on short term. Central bank meeting are ahead so wait and watch further development of patterns.
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.
Hi Friends, GBPUSD gained nearly 500 pips in last two weeks, I am looking this as corrective wave. Still there is room to go downside upto 1.1835 level. Current pattern looks like DOUBLE ZIGZAG, this pattern reversal point @ 1.2570. Before that i am looking for price will test the 1.2200 level once again.