EURNZD has been in recovery mode for the past 10 months. The pair took off from 1.63323 in December 2018 low and climbed to as high as 1.76993 in October 2019. The daily chart above puts EURNZD's entire 2-month sell-off in 2018 and the 10-months recovery in an Elliott Wave context. The pair’s decline can easily be seen as a five-wave impulse. The pattern is...
Just like the GBPNZD I just published. The weekly chart above puts GBPAUD's entire decline since August 2015 in an Elliott Wave context. The pair’s decline can easily be seen as a five-wave impulse. The pattern is labeled 1-2-3-4-5, where five sub-waves of waves 1, 3 and 5 are also visible. According to the Elliott Wave theory, a three-wave correction follows...
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...
wave 5 could be starting. divergence on the end of wave 4
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 ...
they might run stops making a running flats as this looks too obvious but many targets are pointing to $232.xx obvious corrective structure..
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....
Bitcoin have formed 5 waves up which signal that we have started a new direction in trend which is a bullish one. However I do expect a big correction to the downside to form a wave 2 before the big bullish wave continue. We are approaching a very strong supply/resistance area on the chart between $11,500-$13,500. Once the bearish correction start I can see it...
XAUUSD may go up to complete the correction. So, wait for the break of the level to enter the trade.
Exchange: bitMEX Set LIMIT SELL Orders : $10515 -$10525 & $ 10575 - $ 10599 Stop Loss: Above $10664 TP1: $10445- $10300 TP2: $10182 - $10035 TP3: $9900 - $9600 Leverage 5x-25x Position size 1% - 5% balance Reason for trade: - ew count = Wave 5 of 5 - Hourly TrendLine Resistance - Fib Ext./ReTrace levels ( 0.414 - 0.618)
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/USD 1.11797 / 1.11676 VS 1.12272 / 1.12758. Looking for ( Blue ) a Break of 1.12272 / 1.12758 VS 1.13098 / 1.13864 Expecting 1 more down move ( Yellow ) to retest 1.11797 / 1.11676.
I am looking for a huge bullish move up in Wave 3.
Hello Traders, WTICO/USD West Texas Oil 58.271 / 58.454 VS 55.639 / 55.229. Expecting A down move ( Green ) Towards 55.639 / 55.229 And looking for momentum to Break through VS 53.072 / 50.935.
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 Daily chart reveals something that should make the bulls feel uncomfortable. It shows that EURNZD’s massive decline from October 2018 high at 1.79337 to December 2018 low at 1.63279 took the shape of a textbook five-wave impulse. The pattern is labeled 1-2-3-4-5. EURNZD Bears Remain in Control According to the theory, the impulses point in the direction...