The start of wave C on the 4hr TF and on lower TF e.g. 1min I can count 5 waves. It's not easy to identify them, as we're in august but they are there. I had a bit of a poor week last week, deviating away from my plan. So, I'm being super strict and only signing off on a trade if it pasts my execution list.
Interesting long term Elliott Wave count on the daily chart. What makes this count interesting is where some of the fib extensions land; wave 4 projection finds its end near a gap ($61.10) and a possible wave 5 projection ends at former support turned possible resistance ($83.86). I have no idea as to the date this will take place, but I am thinking it will follow...
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Hi Traders, here is my analysis for the US Dollar (DXY).
In my earlier post on the weekly analysis you would identify where we are in what appears to be the corrective 4th wave of the super cycle for the dollar, and I was anticipating a further movement lower to complete the cycle.
Observing the daily timeframe we can see where price has...
It looks like an uptrend but I have some concerns.
I will post my concerns in the comment. don't rush to buy it.
first , in the 5 min chart the uptrend move dose not look impulsive so I am not sure if the correction is over or not
I need to see more evidence to buy the market
Hello my friend,
i am going to share my view on XAUUSD again this time.
Previously i make a sell call on XAUUSD based on wave analysis of Elliott Wave. Price nearly hit my SL before reversing into TP 3 and i managed to banked nice profits from it.
We are curently on the 3rd wave of downward movement and price already passing through some strong support.
I am...
Hi Traders, here is my analysis for EURUSD
We should start to see some strength coming in the dollar as the market starts to rally from its 6week sell off.
The market however is still showing signs of maintaining its uptrend from a 4Hr perspective as price as continuously respect its trend support and retesting the weekly highs.
This is due to the Euro still...
Hello my friends,
I am spending this Sunday for some analysis on XAUUSD. Gold moved with a crazy 2500 pips rally from the beginning of July until August 1st week.
Friday candle close finally showing sign of exhaustion of XAUUSD because it closed with a bearish engulfing candle along with a bearish divergence on the Daily timeframe.
I am taking a deeper look into...
The market close on Friday with a big uncertainty.
we observed a smearing move up. I still don't know if it is an impulsive wave or a corrective because the waves have not unfold completely.
I think it is gonna be an impulsive wave as the characteristic shows.
in that case we will have a WXYXZ correction and probably this will be the last correction. we should...
