I am looking for a buy set up anticipating a wave 3 to the upside.
Yes I am still Bearish on the US Dollar! The bullish corrective structure that started on June 19th have turned out to be a deep zig zag corrective pattern that could be finding resistance at the 88.6% fibonacci level of the initial bearish decline. I am expecting the highs that the Dollar created on May 18th of 98.37 to hold strong. I am looking for a big move to...
Sometimes it is best not to overthink things. The descending wedge on the EURO ( FX:EURUSD ) has been clearly broken to the upside. A new uptrend has begun. Rises are in 5 waves and drops are in 3 waves. This is a classic Elliot wave definition of a new trend direction. Keep it simple. Primary wave 2 and secondary wave 2 of wave 3 UP have now tested the...
I am looking for Gold to push higher to 1500.00 price point for target 1 and eventually retest the highs around 1900.00 I believe the corrective structure is coming to an end and a big Bullish wave is in front of us.
GBPUSD shows a bearish sequence from June 25 high (1.2784) favoring further downside. Near term, the decline from 1.2784 to 1.2438 ended wave ((i)) as an impulsive Elliott Wave structure. Down from 1.2784, wave (i) ended at 1.266 and wave (ii) bounce ended at 1.2735. Pair then resumed lower in wave (iii) towards 1.248 with internal subdivision also as an impulse...
Although the Dollar have been gaining strength I am still long term bearish. We are retesting the trend line giving it a 3rd touch which would give us great confluence if it hold as strong resistance. Wave C of this zig zag have formed 5 waves which would mean it could be coming to a near end. I am anticipating a 3rd wave to the downside
Since the beginning of the year 2018 the index S&P 500 is more or less in a very big correction formation called "expanding triangle". So that is a horizontal correcting wave which in this case is symmetrical (top rising, bottom declining). In my opinion we are still in a bull market, so i think it will be "just" (30%) correction in the S&P, before we start a new...
I am looking at a potential 3rd of a 3rd wave which should show really strong bullish strength. I believe the corrective a-b-z zig zag that started at 1.14110 is coming near an end as wave 5 of wave c in the zig zag is forming a ending diagonal pattern. I am expecting a big push up and I will be looking at targets around 1.16000
Look for a sell off on the Dollar, I believe the small correction is over.
Does this count work technically? Or is Wave2 really Wave4? -All opinions appreciated
Short term Elliott Wave view on GBPUSD suggests the rally from June 18 low (1.2505) unfolded as an impulse Elliott Wave structure. Up from 1.2505, wave ((i)) ended at 1.257 and wave ((ii)) pullback ended at 1.254. Pair then rallied higher again in wave ((iii)) towards 1.2727, wave ((iv)) pullback ended at 1.2641, and wave ((v)) ended at 1.2784. The 5 waves move...
Look for a Sell Off to create lower lows, I belive the current corrective structure is coming to an end
Oil (CL_F) rally from June 5, 2019 low is unfolding as an impulse Elliott Wave structure where wave 3 is currently in progress. In the chart below, we can see wave ((ii)) of 3 ended at 51.5, wave ((iii)) of 3 ended at 58.22, and wave ((iv)) of 3 ended at 56.79. Wave ((iii)) shows an extension which is typical in an impulsive structure. The internal of wave ((iii))...
This week I will be looking for shorts in the US Dollar, A potential 3rd Wave to the downside. Wait for price to give us confirmation
Look for a Bullish wave to the upside, in either a wave 5 or wave c
Dow Jones Futures (YM_F) broke above June 10 high (26289) suggesting that the next leg higher has started. The Index is now showing an incomplete sequence from June 3 low (24610), favoring further upside. Short term Elliott Wave view calls the rally to 26289 on June 10 as wave 1 and pullback to 25898 as wave 2. This indicates that the entire rally from June 3 low...
I am looking for a big push up in AUD/NZD, a 3rd wave of a 3rd wave= Money.