Maybe soon, It can keep pulsing down, but a buy on a good breakout might not be a bad idea!
Once the correction is over, the Elliott Wave Principle suggests the trend should resume in the direction of the impulsive sequence.
Here is my view on FB short term direction.
looks like it could be a possibility! Trade responsibly!
price under 0.1160. abc correction is running - confirmation price area .1140 target .1070/.1085 alt. 123
EU - abcde triangle need price cross over .1186 to be confirmed. if price break .1160 to the downside alternative scenario abc may develop.
I know I said don't label it, this is just for my own insanity :) Thanks!
Trading is like the story of the famous hollywood movie "life of pi". Crossing the sea on lifeboat with a hungry tiger. It's possible if you have "knowledge and courage". I decided to shrink myself into a small room with opening a personal blog where I wish to meet ONLY Gold Lovers. You can reach to my my web space by typing www.iLoveGold.net Again it's too late...
EU - Triangle is running - wave d of an abcde trinagle - let see price evolution. If confirmed the correction movement, wave ( iv ) , is close to end.
price and elliott wave correction PRICE:1.147-1.1495 SUPER TIMING :06.19.2017
usoil: sl:50.3 & weekly close line above 49.5 tl :37 / 35
so when 1225 break out it just run 100PIP and today it doesn't going down first long at 1224 sl 1220 tl 1236 second long at 1224 sl 1214 tl 1260 The gold doesn't go to 1188 it seems unreasonable in my system When 1225 break out in 4h chart it confirm 1295 -1214 was over. I respect the market ,market always is right
Elliot Wave theory in play. Corrective Wave to point C Short Position TP1-1.3655 , TP2-1.3570, TP3-1.3510 ; SL above previous high. Risk Reward 1:21
This is My current view of this pair, the price is in consolidation, a ABC correction pattern ? EURGBP
USDJPY was in consolidation and i think it's going to go this time to complete a three wave pattern.
At this time this is my view on USDCHF , But the structure may change in this week.