expecting oil to remain sideway to complete a triangle wave (B) before move down in wave (C) of ((2)).
LICHSGFIN : After giving a breakout from a wedge pattern, It has completed it's first waves 1 & 2. Now ready for it's next move wave 3. -Definitely not SEBI - Registered. So, this is only for educational purpose.
AARTIDRUGS, after giving a breakout from wedge, looking for a breakout for the a,b,c, correction. One may enter after breakout and retest by following strict stoploss. -Definitely not SEBI - Registered. So, this is only for educational purpose.
Hi In this situation, we are in abc correction with flat structure. The impulse bearish wave predicted by Elliot wave analysis. In this situation, sell gold to 1880 and then wait to see powerful impulse to raise above 2000. Have good trade
Lets see how this unfolds. USDYen has been very bullish and it even formed a very familiar Head and Shoulder pattern which price now breaking the "neck". Timeframe: Weekly #elliotwaveforecast
Here in the chart, currency may experience a short term impulsive completion of 5th wave of larger complex corrective wave Y. When validated, currency pair may then face sell off to begin an anticipated impulsive wave down. #USDPHP #elliotwaveforecast #PHelection
The QQQ is on support of the line linking the lows. Oversold and 5 waves completed for (1) of C, would be due for a rebound for wave (2) of C. A break below the line linking the lows would probably mean extensions and further downside.
Hi Silver in ABC pattern in Elliot analysis The goal of silver can be 24.2. Have good trade
expecting a strong move higher in wave ((iii)), critical support at 941.50
expecting a strong move higher in wave (3), critical support at 0.162
Upside focus remains, looking for more upside to complete wave ((iii)) of 3, the reasonable target for wave ((iii)) of 3 is 145.738 (wave ((iii)) = wave ((i)) * 1.618).
upside focus remains, looking for more upside to complete wave 5.
upside focus remains in DJI, looking for the corrective price channel to retest then continue the uptrend in wave ((v)).
Today I want to present my main scenario. As long as 37400 holds I give this scenario the highest probabillity. I have identified an expanded triangle in the WB of the triagnle. Foundation for this scenario is WB which made HH and WC which has corrective nature and was unable to make LL thus it made HL. Now we are moving up in WD which is a complex correction with...
Today I present to you inverted W chart of BTCUSD. We can see clear impulse down. Because we can count five waves we should form a scenario where PA will correct the impulse. So far we have gotten a reaction from lows and a HL which is the first indications of reversal. To confirm this idea we should see break of wave B of the recent correction in the channel and...
LTC is looking pretty simmilar to BTC. Support comes in at about 102 - 98$, so I will attempt a long from there. The support is not as well - defined as it is on BTC, so will have to be more careful with this one.
looking for more upside near 89.5 to complete wave (3), wave (3) = 1.618*wave (1) @ 89.45.
upside focus remains in SPX, looking for the corrective price channel to retest then continue the uptrend in wave ((v)).