Zooming in to the hourly chart, the (presumed) C wave looks to be in the final stages. The previously pointed impulsive decline was entirely retraced so it is very likely that it was part of (yet another) flat correction, which was likely a 4th wave. So now we appear to be in the last 5th wave of the mentioned C wave. The big question now is if the 5th is already...
Bigger picture, the SPX looks like a flat off the lows, because the move to new lows (from red A to red B on the chart) looks to be only 3 waves because of the overlap. Therefore this huge rally off the lows is destined to be FULLY retraced, since it is likely a C wave, part of a correction. The big question is when will that correction start, of course and for...
Resuming from previous Crude oil Post in the blog, check it here... Obviously yes the bottom is in the visible limits We at that time just had an idea that the developing correction could be a triangle but in the recent trading sessions, it is really very clear that the current correction is most possibly a triangle (Elliott wave Descending triangle) and within...
Resuming from previous Crude oil Post in the blog, check it from what's happening section... We at that time just had an idea that the developing correction could be a triangle but in the recent trading sessions, it is really very clear that the current correction is most possibly a triangle (Elliott wave Descending triangle) and within which the waves ABC have...
Resuming From Gold monthly analysis, check it from gold analysis section under Research Edge As the structure warrants, markets always tells us what to do...! the triple three within a triple three has been completed and it is time for an interim rally The gold had bounced from its strong support area @ 1043 levels and this is the main reason for the...
A huge rally followed the impulsive decline I was mentioning. Considering that the market already retraced 90% of the previous move, we have to assume that the impulsive decline was part of a correction and not the start of a bigger down move - count shown in red - a flat with a B wave into the highs and an impulsive decline for a C wave. Above the previous high...
Continuing from the monthly forecasts in the website, an elliott wave analyst can observe the same as we do, the nifty peaked at an all time high of 9119.2 on mar 2015, the downfall is around a year and when will it end...? obviously an traditional trader doesn't have answer for this question but the perspective that elliott offfers is significant & different and...
After a few days of making the third wave of the big impulse it's time for a correction.
Oil is in the middle of medium term Elliott wave 4 corrective range (flat) pattern. As the wave (a) unfolded in to 3 (abc) pattern it have high probability to be the ranged 3-3-5 pattern with a possible break out up side in the last wave (c) to reach at least Fibonacci retracement level 38.2%. As the previous time periods and Fibonacci time extensions match in...
Hello Traders! Sell Limit - 1.44049, S/L - 1.46000, T/P - 1.44000 Best regards, Powerful Traders!
Hello Traders! 2-nd variant! Dear Trader Johnm600, you we're right! Aussie is in the 3-d wave! Local target - 0.60000 Wait next variant >>>
Hello Traders! Sell limit - 1.09134, S/L - 1.09900, T/P - 1.06000 Best regards, Powerful Traders.
BCEI may have completed an ending diagonal at the end of wave C of a zig-zag correction. This could send the pair on a rally toward its price target at around $9. In addition to the wave count, the current level is confluent between .618A=C, 1.786i=v, and iii=v which are all important levels to watch for support and resistance, especially toward the end of the...
EWA/EWP & VOLUME analysis! FLAT &SHORT!
Hello, "El Dorado" Traders! Best regards, Powerful Traders!
Hello Traders! The weekly forecasts prepared at the personal request of the Trader - AdeOluseun! Dear traders, we ask you to be careful with USDCAD currency pair, as the market is currently highly overbought on daily chart and we see by means of EWA/EWP, Volume, Cluster&Delta, Market Profile analysis, that major market participants lose interest in the growth...
Hello Traders! 6A (AUDUSD) - The downtrend is confirmed! As we mentioned earlier, If the price break throw 0.68899 - downward tendency will continue! (EWA/EWP) Main target 0.65956. Sincerely yours, Powerful Traders!