Fossil stock's 5-3 wave cycle seems to be complete, suggesting higher levels in the long-term from now on.
Rising channels and oversold RSI point to higher Bitcoin prices from now on
Just a simple wave analysis. I'd love to buy in at 8 and a quarter if we get down that far :)
A Harmonic Pattern is formed, and AN is already overbought on daily and h4 TF
Possible short soon for Impulse C. Have a good weekend traders
It looks like the bull party is approaching to its end and in the stock market, latecomers always suffer the most.
The panic following the SEC's rejection of the proposed Bitcoin ETF looks like a good buying opportunity for long-term investors
Need structure to develop more but triangle could be likely, maybe flat?! Trade Responsibly :D
As I dive deeper into EW theory my analysis and way of looking at charts has changed. Here's an update to nzdjpy outlook. I'm long and strong! :D
Corrective Wave coming but when, cant say, but is surely coming for corrective wave.
Hi everyone! NZDUSD broke all possible dynamic and static supports and is heading to minimums. After touchdown in will retrace. Although it looks like that the 3rd wave will extend and the 5th wave will end somewhere in 0.67500s. 4 Hour chart for your reference
ALNY showing signs of an elliot retraction. This is further confirmed by the choppy peak and the fact we're trading well above the "trend line" Position: SHORT Price target: 47.72 (.382 with some cushion) Stop: 52.80 Logic: Elliot retracement, fibonacci retracement, trading above its trend line
Hi, Finally after couple of session consolidated on resistance zone itself AUD.USD fell to finish short term Double Zigzag Pattern. Buy on channel support target should be on 0.7760.
Unless you want to experience a 30% decline, you might want to stay aside for a while.
bit.ly #AUDCAD price structure appears to have corrected today forcefully to reinforce our earlier bullish bias. Revised price structure interpretation shown here. See chart!
Hey traders. Here I have provided some notes of mine for the very basics of the Elliott Wave 5 wave structure. I am open to constructive criticism. All of this info is derived from the Elliott Wave Principle Book. Thanks Everyone.
Hmmm as I progress understanding of wave theory, I like to look at the charts differently and expect the unexpected. This to me appears as a "expanded flat" I've quit trading the animals because Ive realized the importance of wave structure! Have a great weekend!