The correction beginning the August 7th 2020 high is nearly complete. I believe it was a running flat, and the final downwards impulse is in wave iv, awaiting a final wave (v). The target for wave iv is approximately 1775 (61.8% of wave iii), where it should terminate and then the next target is 1617 for wave (v), which is 61.8% of the previous run. Plenty of...
Subdivisions look ok. RSI on larger timeframe is low. Parallel channel connecting W2 and W4 forms nice geometry. Median line of channel forms nice confluence with the first W5 target. This is not financial advice.
Bulls have clearly overtaken the Bears and reclaimed the wave's momentum. All pumps will include retracements however :) We should get nice sizeable swings in this zone.
Primary idea is that LTC is currently in a D wave of a contracting triangle. A:C = 1:0.618 (perfect reaction) If this is to be a "textbook" example of a contracting triangle, the following should happen: - D wave should complete at 0.618 of B wave (B:D = 1:0.618... +10% from now, 155-156$ area) - There is some market structure that could provide resistance...
My plan is to wait for a bullish entry signal when the price is between the 30%-50% retracement of W3 (16e-14.2e). For now a short to this range could also work.
USD / JPY is now in the channel line
Extension Pattern : By definition an extension occurs in an impulsive wave, where waves 1, 3 or 5 can be extended, being much longer than the other waves. It is quite common that one of these waves will extend, which is normally the third wave. The two other waves then tend to equal each other. In our pattern definitions we call it an Extension1 if the first...
My plan is to wait for a bearish entry signal when the price gets up to the end of the triangle (cca 130e) and we enter a overbought area on the 1h chart. Expecting to enter C wave of correction. Count looks good. This is not financial advice.
Expecting the price to react to high volume node to finish the w4. Plan is to wait for bullish entry signal somewhere in the red rectangle and go for a 5% gain. This is not financial advice.
Hello guys, The next target is wave 3, follow me to be updated If this analysis can be useful for you.
NZDUSD main cycle from September 24.2020 low is showing an Elliott wave impulse rally higher but still missing the wave (5) favoring the idea of 1 more push higher before ending 5 waves rally from September lows. In the 1hr chart below, the pair is showing an impulse rally higher in wave (3) where wave 4 of (3) ended at $$0.7120 high. Then wave 4 pullback ended as...
Hello my friends, Another plan for GBP crosses pairs. We got GBPCAD to trade as well for today. But i am still waiting for price to touch around 1.7200 before entering sell. I use a sell limit order for this pair because it might hit my trade when i was not watching it. As you can see this pair is bearish in my opinion. GBP is very fragile right now because...
Hello my friends, Today we are going to sell GBPCHF. As you can see, i already marked our horizontal support and resistance level. I also do the Elliott waves analysis and found that we got a nice opportunity to try selling GBPCHF. We're now on ABC correction in my opinion and we could break wave-C into 5 waves. Waves-iv now completed and we will soon see price...
the pair has been trading in a corrective extended complex wave, the last daily candles shows a change in the momentum, thus implying a bullish scenario ahead. on the daily chart we can see an engulfing pattern as well which indicates a bullish pattern in view. i would long this pair even after we saw a bearish candle in the last hours, from current levels. Good Luck!!!