Current in scope Elliott Wave Impulse Waves 1 to 5. Currently within the Corrective Wave.
Used Trend Based Fib Extension Tool to determine the bottom retracement levels of the Corrective Wave A, drawing from 1st High to Low to 2nd High on a 90 minute time frame.
- 1st Highs drawn from Wave 5 high.
- The low being 22,750 and yet to understand why that level at...
We've been tracking this C wave for some time now and it finally looks like we're getting the wave 5 of C which should finish somewhere around the $5 area. Once we reach this price point we will be going long with an ultimate target of $15 which is a HUGE trade.
EURUSD Clear Bearish Trend. It has correction Movement and Create Continue Bearish Flag. It Would Be drop In 9th September on the other hand it has Fibo Zone and Box Market Can Move short Time upside from Wicks zone.
as you can see on the chart, we have a solid downward 5-waves movement and since the wave 4 of the Elliot waves theory is already completed, we should wait for the 5th wave to mature to find the bottom.
I believe the market will continue its downward 5th wave and the best demand zone for the wave completion will be 550-640 order block . so if...
23hr chart. Short term bullish , but the first 2-3 quarters of 2023 may be bearish.
(Note there is a small intraday truncation of the green wave (v), but it seems justified by the confirmed bearish retracement and it doesn't appear on daily chart .
Image ref: priceactionhelp.com
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The way I told you, you have to trade like this and you will...
Germany's largest carmaker and DAX40 group Volkswagen did not perform well on the stock market in recent months and the share price went south. Since the beginning of the Ukraine war, the price lost slightly over 50% or 126€.
On the overarching chart picture, however, this sell-off is only part of an overarching correction according to my assessment. The market...
still on a zigzag pattern, can we break the price at 32k can we speak of a trend reversal. if we are rejected below you can say that we are making leg 4 on higher time frame and go 1 more time down for a lower low, before we can look further at the price action we have to be patient and wait to see what the market will do.