Be careful for short ,because motive power still running trend looking for NFP tomorrow to make result clearly
Pound Franc looking long for a quick 300. These pound pairs have a lot of volaility lately. Formed a higher low and a higher high. Looking at a potential elliot wave. RR ratio almost is great. If it breaks below the previous low then this will be invalid making me have a tight stop loss. Looking for wave 3 to go 1.6% of wave 1 for tp1 and tp2 will be the...
We are in Wave IV folks, it's not done yet. Here I will document the death of the imposter, the usurper, the Alternative Count has crashed and burned. Some have told a story, but the data exposed them as heretics, liars, fakes and frauds. They profess to offer wave counts, but they do not offer Elliott Wave Counts. For in Elliott Wave Counts, there are guidelines...
Ugh, what a mess... While my preference is that BTC is still in macro-degree Wave IV following the 2980 high I label Wave III, I must at this point give serious consideration to an Alternate Count,(labeled here in Red ) that against reasonable Time Duration, and against the Alternation Guideline, that BTC completed Wave IV at the 1840 low. The move up to 2938 was...
POLONIEX:BTCUSDT The wave (5) structure looks complete with further 5 subdivisions however the upward channel still intact as I am writing. Breakdown of the channel will further confirm if Wave A had been started while breakdown above 2913 will negate this scenario. Another alternate is that wave (iv) is not complete and forming a triangle which will end up with...
Hello Guys, we have a nice buy trading setup. We are bullish the AUDUSD because of several intermarket reasons. BUT never risk more than 1% on each trade otherwise you will lose your account. Cheers
always a chance well go up for one more!
My current view on EURAUD Both ways are possible.
Hello traders Usd/CHF form Flat correction pattern, so we expected to resume the uptrend after the completion of correction. More explanation, expected targets, entry point and stop loss on the chart Good luck all
In an earlier analysis, I posted 3 scenarios (shallow Barrier Triangle and Flat, and deeper Failing Wedge) that were possible based upon the Alternation Guideline that follows the principle that Wave II and Wave IV (or W2 and W4) alternate form. Since Wave II was a sharp and deep correction, correcting the initial run to 1143, all the way down to 157.50, Wave IV...
I know everyone is panicking, fear is present, blood bath on alts, ... But when I look at the charts, I see a few bullish signs: -sell wolume keeps going down, bears tired ? -RSI on the 6h, 12h, 1d & 3d oversold. -ABCDE elliot falling triangle wave correction in a rising market. If we clearly break the support, then I will be bearish but until then I will stay...
Following Elliott's Principle, the 3rd wave is never the shortest wave in a 5 wave structure, therefore the 5th wave in this structure shouldn't go beyond 113.718. This would give an entry short around 133.718 waiting on price action confirmation. Take profit 1 at the convergence of the 0.786 retracement and the 0.50 @ 112.685 Take profit 2 at the 0.618...
Before Wave V can commence, Wave IV must exert it's toll, the dreaded correction. How this correction will play out can take several forms. Since we are early into the TIME aspect of this correction, it is impossible to state how it will develop. As a reminder, the correction after Wave I, took the form of a Zig-Zag, and spanned approximately 1 year, Jan - Dec...
after the correction to the upside we should get a nice trade to the downside before the BIG move to the upside
We will watch the NZDUSD structure as it's develop
FX:EURUSD In the chart we can see the price action following Elliot Waves 1,3,5 impulse trend waves and the potential corrective ABC trend reversal. This is just an observation of a potential correction of EURUSD and NOT an advice to buy or shell!!!
As we can see this pair is in a sideways correction with wave B close to its end. We are looking for a bullish five wave C to take place during the coming weeks. P.S: This content is for educational purposes and discussion. Good luck.