Long now from 4617 and 4622 looking for 0.236 or 0.382 retrace of wave 3 (pink waves) at either 4660 or 4690. Plan to close there and sell for the final wave of the larger wave 3 to around 4565-4584
Minor changes as wave 3 down extended beyond my original target. Three potential targets for the larger 3rd wave, 4628, 4618 and 4585 but 4618 the most likely in my opinion as it's 1.618 of the larger wave 1 (blue waves) Holding shorts from 4760, 4780 and a few between 4802-10
Target hit early this morning for my new short entries; added between 4802 and 4810 and since then price has started moving downwards, appears to be in a correction of the move from 4816 to 4734 at the moment and I would expect it to complete at 0.5 (4771) or 0.618 (4881) of wave 1 down, before beginning wave 3 of 3 to 4618.
Here is my Elliot Wave projection on a larger scale. In my opinion $47,99 (0.618 of wave 1 (pink waves)) or up to $48,25 will hit early next week which could be a great short opportunity to hold to the $41 region. Holding short positions from $47,80 and $47,60 and will add a few more as price creeps up toward my target of $48-48,25
Internals of wave 3 of 3 of 3. The fibonacci levels seem to match and point to an of this wave at $46,18.
Hi Guys, Take this sell to all the way to low of (a) leg, it can be either expanding or running flat, so take profit as you reach around that level. then it will go up for last piece of bigger corrective structure then down. Good luck!
Crude still in ABC correction, currently in C wave, possibly wave 5 of C. If C complete 1.618 of A then that should have C finish around 4820, if 1.618 of B then around 4805 to complete the larger wave 2. Wave 3 could move 1.618 of wave 1 to 46.18.
My intraday targets for Elliot Wave on Crude Oil. Potential to see 48-4820 before the next drop to below 47 levels
Similar ABC pattern occurring now as on the 15th/16th August after a similar drop and preceding a fall...
Just some tidying up and try to plot the ABC correction to the fall in price from 4849 to 4706
Self explanatory chart. Elliot wave 5th leg coming
Update to Crude Oil idea - C (wave 2 down) completed on Friday and wave 1 of 1 of 3 down completed on Monday. Expecting price to reach either 4787 or 4807 to complete wave 2 of 1 before wave 3 of 1 to 4591
I posted an idea this morning that USD/CAD had more waves down to come to complete the larger C wave, however, spending a bit more time on it I believe the USD/CAD has bottomed and has completed a larger EW cycle and is heading up in a big way. I've plotted the first set of 5 waves up with the 5th wave an extension 2.618 of wave 4, from there a larger wave 2 could...
Hi Guys, This one is pretty good, by looking at the potential of this move, this can go all the way to break the bottom of A wave to complete bigger ABC, A wave itself was pretty messy, so C wave can be also of the same nature, so take short terms trade like this one then wait for correction then sell again.this correction looks incomplete so let it complete...
Hi Guys, As eurjpy completes correction, it's time for one more up, there is already an impulse on 1H, look to enter from there, it's good setup, that 5th impulse will be pretty good.I'm going to enter from there on monday. Good luck will update as soon it make progress.
Hi guys, analysing dollar index and the kind of structure on eurusd it looks more upside, this up move will be final one before some pretty good downside correction then it will go more up, both DXY and Eurusd structure suggesting the same, So on lower time frame let it complete that small correction and take that buy. Good luck will keep updating this chart.