Look for price to make an impulsive move to the downside then a correction to get short. I believe price is near the end of forming a correction structure that has taken the shape of a Triangle of Flat, Both will point price to move lower
Watch for USD/CHF to finish the corrective structure which I believe is a running flat. Look for an impulse then a correction to get long and ride the wave up
EUR/USD have been forming a corrective structure. We could be near the end of the scorrection which I believe is a Triangle. Watch for an impulse to the downside then a correction to get short.
Look for a correction and an opportunity to get short
We have a pattern of 5 complete waves, which in turn form wave 1 of greater degree, now we are in correction a-b, once the c wave is finished, ideally in 78.6 a perfect Cypher pattern will be formed that will give us a more confirmed entry for wave 2 of greater degree.. also we have 2 magnets in 78.6 level that must be closed
Price could climb higher a little finishing a corrective formation before the big drop. Watch for the Set Up!
Some people didn't think a correction was possible. But here we are, couple of days later, and bitcoin made a much needed and healthy correction so far. It seems we are currently working on the 5 of the C wave which could end around the 61.8% fib levels. That would be nicely above wave 1 , so valid according to Elliott rules I will be looking to long when 4 is in...
GBPNZD running flat appears to be done and coiled to move higher but time will tell.
Eur/Usd is still in this sideways movement but currently taking shape of a more complex pattern. Within this pattern I am taking a counter-trend move of buying EUR/USD to about 1.1820 area. I will then be looking to flip my position and play other direction.
Hello, looking for a longtrade? WTI is good looking at the moment: seems to be a perfect entry-point for a longtrade with target about 88 USD. In my opinion now there‘s an ideal 1-2 Elliott-Wave-Setup on the WTI-Chart with a double low. This indicates that wave 2 (blue in brackets) is already completed. WTI most likely is in an intact upward trend in the...
Hello Traders, Let's have a look at the Amazon 1 hour chart. Short-term Elliott wave analysis suggests that pullback to $1646.48 low ended blue wave (2). Above from there, the stock is rallying higher in blue wave (3). The internals of that extension higher is unfolding as Elliott wave impulse structure with sub-division of 5 waves. Above from $1646.48 low, the...
Short-term upside is still needed for the audusd complex correction
this and god knows best. it's just an idea :)
Expecting Wave (4) to reach minimum target @ 1.1860 before resuming lower.
Every great consolidation has a trend in the end.
Hello Traders, Today we will have a look at the VOX ETF in the 1-hour chart. Near-term the ETF ended the cycle from 06/28/18 low (84.09) in blue wave (1) at the peak of 07/12/18 (88.26). The internals of blue wave (1) unfolded in a 5 waves Elliott Wave impulse with an extended red wave 3, where it ended red wave 1 at the peak of 06/28/18 (85.43) and red wave 2...
Let's now take a look at Bitcoin technical picture at the H4 time frame. The market has bounced from the level of $6,024 after two Pin Bars candles were made. The rise is corrective in nature and it does not look as the bulls have too much strength to break through the weekly pivot at the level of $6,379. The price is now in a short-term horizontal consolidation...