seems like 4th wave is complete with exact 0.382 retracement of the 3rd wave and stock should shoot up to finish the 5th wave
LETS GO! Elliott Wave is high subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for the end of the upward structure and initiate a short from there.
We finally got some data that allows a better interpretation. In the 15m, there is a potential long trade for today but the upside is limited as it concerns the fifth wave.
Focus on invalidation level. My perspective, there's still a chance to reach 16200 (HH) before making Major Correction, i aggresively put the invalidation level as reducing the risk. Elliott Wave is high subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. Although there is insufficient evidence for a bearish NASDAQ we call for caution in long trades.
In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. A short trade can be initiated but be careful because you are trading against the main direction.
Here's my perspective on GBPJPY from my technical aspect, just to remind you that tommorrow (Friday, Jul 28) BOJ release Monetary Policy Statement. Trade safe guys! Elliott Wave is high subjective, i will post if there's a new update on my perspective. Cheers
FOCUS ON INVALIDATION LEVEL. I expect Gold make 1 more high (1992-2005) before making reaction as Wave 2, invalidation level as barrier that Wave 1 still not finish. Check Related Link down below for early perspective. Elliott Wave is high subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers
In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
Several scenarios can play out today. We are waiting for more data. The current structure does not give us a reliable setup.
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. Although there is insufficient evidence for a bearish NASDAQ we call for caution in long trades.
In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. A short trade can be initiated but be careful because you are trading against the main direction.
Here you find attached my old forecast for the DJI where I was calling a bottom and looking for upside resumption back in May. We successfully rallied ever since and now we could see a little pullback to then reach wave (iii) target. Feel free to ask me questions and trade safe!
In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
Several scenarios can play out today. We are waiting for more data. The current structure does not give us a reliable setup.
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. Although there is insufficient evidence for a bearish NASDAQ we call for caution in long trades. We see a potential short today (against the main direction).