USDJPY has just completed a five-wave bullish Elliot Wave impulse move with ending diagonal pattern in wave (v).
According to the theory, a three-wave pullback in the opposite direction follows every impulse move.
In USDJPY's case, the impulsive breakout of the ending diagonal trendline signals the completion of the impulse and the start of the correction....
Hello fellas, welcome back with me for this quick and details analysis about bitcoin . Let's get it started!
Just like what I've mentioned before, there is a spike to the upside with a descending triangle failure has occured. I've shared it to you about the psychology behind the triangle, consolidation stage and its correlation with the MACD golden crossover and...
Part of what I'm thinking it could be right now... the correction began in 3 waves up in 4th wave, which we can conclude we are heading for a flat correction (3,3,5), it is also very common in 4th wave... an extended flat of regular flat occurring most of the time in 4th wave... also triangles.
In this video, I let you go inside my head... the way I'm thinking ...
This is the USDZAR roadmap for the next few years or so
as you can see that we are in an Elliott Wave Flat Correction here
Most likely to run the Range high then run the Range Low before breaking up higher
All eyes on that massive short at the top!
Hello Traders, EUR/JPY 120.794 / 120.929 VS 121.241 / 121.259.
Expecting A Continuation / Consolidation / Corrective pattern ( Blue )
looking to retest the previous higher low's 120.794 / 120.929
after which we will look for ( Yellow )
The Break of 121.241 / 121.259 VS 122.112 / 122.293.
Hello Traders, EUR/NZD 1.65358 / 1.65830 VS 1.69674 / 1.69966.
4H TrendLine Break or Bounce Looking for a possible 5th Wave down ( Yellow )
We need a setup / impulse correction for a move
Towards 1.65358 / 1.65830 VS 1.63863 / 1.62049.
Second possibility a continuation / consolidation / corrective pattern
to continue the upside movement
breaking the 4H Trend...
The 4-hour chart reveals the structure of AUDJPY from the top at 80.728 in mid-April. During the next two months, the pair lost approximately 680 pips. That is not the most exciting part by itself. What matters a lot more is the fact that the sell-off to 73.929 can be seen as a complete five-wave impulse.
The pattern is labeled (i)-(ii)-(iii)-(iv)-(v) where the...
Yes I am still Bearish on the US Dollar! The bullish corrective structure that started on June 19th have turned out to be a deep zig zag corrective pattern that could be finding resistance at the 88.6% fibonacci level of the initial bearish decline. I am expecting the highs that the Dollar created on May 18th of 98.37 to hold strong. I am looking for a big move to...
Hello Traders, AUD/USD 0.070754 VS 0.69282 / 0.69202.
We are breaking the 4H Trend looking for Possible Larger Running Flat completion
we would need to see a rejection ( Yellow impulse & correction ) to continue the upside ( Green ) VS 0.71064 / 0.71805.
Second possibility ( Blue ) looking for continuation / consolidation / corrective patterns
to continue the...