The last leg of the correction is expected to happen due to expected weekness of the AUD
Well, today was satisfying to say the least. I have been calling on a rise to start for a while now, and today I believe we have finally started that next big move higher. I have tried to be open about my limited experience comparatively and my need to improve on timing. I hope you all take that to heart when reading these posts that I create. I also want to thank...
The B wave of the correction must retest the 0.786 of the A wave. so we currently completing the correction.
the wxy correction is left with the y leg. the USD is bearish both fundamentally and technically. there is a short significant CAD upside to make the sell a very attractive opportunity.
It's NFP day so not feeling very risky right now. Simple trade for Friday, shorting a move from Wave v to Wave iv. Price already consolidated for some time forming a range. A tower top pattern formed on the 6-hour chart (red-box), breaking out below the range. We now have a pullback to mid-range with backside test of diagonal trend line. Unless the trade...
Solana can sell off in this moment and head for Wave 7. Would be a good short if this plays out. My target is $48 on the SOL/USDT Chart. Simple & Clean Analysis! Happy Trading!!⚔️ Feel free to follow me for more posts! :)
This count is based on my assumptions so anything can happen not a trading or financial advice just for fun only kindly do your own ta thanks trade with care good luck.
I guess something like this is in the making. Other options are possible, of course. Trying to tell the diagonal in its early stages is not super reliable charting. Considering that I wait oil to rally and stocks to fall something nasty should happen..
The wave (4) as a WXYXZ structure in the primary scenario was earlier confirmed as we took out the wave (3) high. On the one hand, this is bullish as we are now working on a wave (5). On the other hand, we have to be careful with the expectations for this fifth wave. With the current data, we favor some more upside but we do not expect a huge wave (5) bull run.
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The lower time frame is currently hard to interpret. The 4h and 1h are showing divergence which indicates an ending structure. The 15m gives us a strong move which might indicate another upward cycle.
Given the uncertainty in the equity markets, the big unknown in terms of the Hamas/Israel ceasefire along with upcoming recession, and the weakness in growth names this week, perhaps gold deserves a second look as a hedge against further downside for economy. what do you think ? let me know about your thoughts on this shiny metal. Not a financial advice I...
we are now in a correction Wave after a 5 impulse waves in the 1M Analysis. as we saw there we will go to the 93-89 area. This analysis analyzes the details of the current corrective wave.
in the Yearly Analysis we find that DXY will visit the area 93-89. in this Idea I put the RoadMap to 93-89 area.
Technical Analysis: - XAU is doing a wave ((3)) in black and we expect that XAU continues to bounce - H1 right side is turning down - H4 right side is turning up Technical Information: - If you want to buy now, it'll be a risk trading and you must put a stop-loss around 1,805
Today's focus: CHFJPY Pattern – Ending Diagional Support – 167.50 Resistance – 169.40 Hi, and thanks for checking out today's update. Today, we are looking at CHFJPY on the daily chart. Today's video asks if CHFJPY will continue to move lower after breaking out of an ending diagonal pattern. These patterns are seen as reversal patterns. We have broken down the...
price as been really bullish for some time now and there is hardly a big pull back and JPY central bank as not really done much to help the currency out. price pulled back to 0.5 fib level at a support zone and there as been a nice reaction at the support zone completing the three wave ABC correction pattern. we will wait for 2 or 4hr candle close after break of...
I'm expecting price to bounce of support to retrace and form a LH before sell continuations to the downside complete our ABC wave