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, XCU/USD Copper Expecting Short Term Sell Setup. Breaking 2.70234 / 2.69786 VS 2.65789 / 2.62491 / 2.61815
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...
Hello Traders, USD/SEK 9.49245 / 9.47372 VS 9.30490. looking for a small continuation/ consolidation / corrective pattern ( Yellow ) to continue the upside movement breaking 9.49245 / 9.47372 VS 9.53482 / 9.54526. Or signs of reversal ( Impulse Correction / Blue ) back towards the previous Low's to retest 9.30490 for a bigger corrective pattern.
Hello Traders, WTICO/USD West Texas Oil 55.639 / 55.229 VS 60.707 / 60.339. Expecting another impulse down after finishing the corrective pattern ( Blue ) To Break 55.639 / 55.229 VS 53.072 / 50.935. Second possibility ( Fuchsia ) we continue up to retest the 60.707 / 60.339. for a bigger corrective structure on the previous impulse up.
Hello Traders, EUR/USD Range: 1.11988 / 1.12078 VS 1.12706 / 1.2758 Looks like we have a complete 3 wave Corrective pattern Looking to break 1.11988 / 1.12078 VS 1.11338 / 1.10583. Possibly ( Yellow ) one more Move to the upside 1.12706 / 1.2758 before we get the Break.
Sometimes it is best not to overthink things. The descending wedge on the EURO ( FX:EURUSD ) has been clearly broken to the upside. A new uptrend has begun. Rises are in 5 waves and drops are in 3 waves. This is a classic Elliot wave definition of a new trend direction. Keep it simple. Primary wave 2 and secondary wave 2 of wave 3 UP have now tested the...
Hello Traders, USD/JPY 108.967 / 108.856 VS 107.821 / 107.706. Possible Short Term Buy looking for a Setup / Flag for a move towards 108.286 / 108.240 at which point we will look for the continuation / corrective / consolidation pattern VS 108.967 / 108.856 Or the possibility that it's still a part of the corrective structure for one more down move Retesting...
Hello Traders, EUR/USD 1.12758 / 1.2706 VS 1.12078 / 1.11988. Expecting Short Term Upside towards 1.12758 / 1.2706 to complete a 3 wave Consolidation / Continuation / Corrective Pattern for the downside To Break 1.12078 / 1.11988 VS 1.11333 / 1.11283 / 1.11160.
Hello Traders, WTICO/USD West Texas Oil 60.339 / 60.707 VS 56.175. We Broke the 5 wave uptrend with a impulse down Looking for continuation / Corrective / Consolidation pattern for a short term sell setup Breaking 57.467 towards 56.175.
Hello Traders, USD/SEK 9.35533 / 9.35084 VS 9.49245 / 9.47372. Correcting the Impulse ( Yellow ) possible Short Term Buy if we get a setup / flag ( Blue ) To retest 9.49245 / 9.47372.
Hello Traders, USD/CHF 0.98418 / 0.98287 VS 0.99468 / 0.99388. Correcting the Impulse Up possible short term buy setup / flag forming Break 0.98528 To retest previous High's ( Blue ) 0.99035 / 0.99022 VS 0.99468 / 0.99388. Second Possibility ( Fuchsia ) Devoloping A running flat for one more move Breaking 0.98418 / 0.98287 within the current smaller down trend
Hello Traders, BTC/USD Bitcoin 10736.0 / 9889.7 VS 13728.0 / 12876.0 Possible Completed 3 wave corrective pattern Looking for buy setup break 10841.7 to retest 13728.0 / 12876.0 at which point we will look for Reversal ( Blue / Orange ) or Continuation pattern to Break 13728.0 / 12876.0 VS 15487.5 / 17661.0
Hello Traders, CAD/CHF 0.76174 / 0.76336 VS 0.73740 / 0.73542. Looking for Continuation / Consolidation / Corrective Pattern and break 0.75987 / 0.75890 To Continue the upside movement VS 0.77713 / 0.79329. Second Possibility ( Yellow / Blue ) the larger corrective pattern is not finished yet and we get another move down to retest the low's at 0.73740 / 0.73542.
Hello Traders, AUD/JPY 75.880 / 75.877 VS 75.415 / 75.253 Looking for ( Orange ) Continuation / Correction / Consolidation To Break 75.970 and start the upside VS 76.932 / 77.733. Second possibility ( Blue ) the correction hasn't finished yet and we have another Pattern ( Yellow ) for another wave down ( Blue ) to retest 75.415 / 75.253 once more before the...
Hello Traders, NZD/JPY 72.653 / 72.465 VS 71.892 / 71.826 Looking for Continuation on the upmove to Break 72.653 / 72.465 VS 73.662 / 74.586. Second possibility ( Blue ) we get a rejection 72.653 / 72.465 to retest the Low's 71.892 / 71.826 one more time to complete a bigger corrective pattern.
Hello Traders, GBP/USD 1.25746 vs 1.25205 Looking for a Buy setup ( Consolidation / Continuation / Correction Developing ). To Break 1.25746 VS 1.26076 / 1.26531.
Hello Traders, EUR/JPY Looking for a Sell Setup : Break 121.610 / 121.497 VS 120.971 / 120.786 / 120.055.