Hello all, An update on XAUUSD, price is nearing the 1750 - 1760 zone as outlined in my previous idea. The corrective structure is still in formation with a lower degree 5 wave structure in progress. This is my primary count and we are currently in wave (iii) which can potentially extend further to 1741-1739 before retracing into wave (iv). I'm expecting this...
🅶🅷🅾🆂🆃 _ 🆃🆁🅰🅳🅴🆁 _ 🆂🅰 Cable seems to be giving us a ( w-x-y ) pattern for this final leg of wave (B) of (A-B-C) correction of Wave (A).. But it seems like we might have completed a (1-2-3-4-5) pattern in a 4hrs chart, if it prove valid then bears are now preparing to get on boards for wave c. If cable continue to break and trade above 1.33217 level, then this...
Hi Traders, Expect USDJPY to continue the current bull trend until it reaches a key level at 107.05. At this point we'll have a regular flat and can begin looking for short entries. Trade with risk management in mind and don't over expose your accounts. Regards Wave Theorist
Looking to add a LUV position after it puts in a wave 2. Will be adding around the 50-61.8 retrace.
Hi Traders, GBPAUD is setting up for a relatively good short position and price may drop all the way to 1.7000. Watch for small corrective structures as confirmation for downside bias. Trade with caution and manage risk. Regards Wave Theorist
BA looks to be finishing a triangle wave 2. A breakout would confirm this which could see a large impulsive wave 3. Stop loss would be below the bottom trendline.
LRCX has reached the 1.618 retracement implying the possible end of wave 3 of wave 1 of an extended wave 5. It could dip a bit to 330 then up to 350 possibly. Then a wave 2 correction to the 0.618 retracement of the wave finshed wave 1 in the short term. After which wave 3 is expected of the minor wave 5. I will be going long after wave 2 finishes which may be...
$PFE sideways combo almost done. 5/15m tf swing long
as the title suggests. we have entered wave 5 of an inside wave 3 which is a third of a third of a third. continuing upwards over the next few months as we unwind wave 4's of concentric degrees.
Tron has just broken the daily resistance and it is currently on wave 3, it still has more upside potential. The target area is shown in the chart. Hope we can reach those target in the next few days or weeks
In this technical analysis, Canadian Dollar is more strenghten than US Dollar So, I make this analysis in Daily because it's seem a nice opportunity in short of this par for the next days. Because US Dollar is weakness than US Dollar. Also, htis par is one of the opportunity month to find down pips because I proyect a possible drop of 600 pips. Followin the...
Nasdaq weekly time frame elliot wave counts,, wait for reversal of price till it re-enters the resistance line of rising channel patter in green dotted line,, below that if gives weekly close index might give water fall of 10-15%,,,once the condition is met and if counts are active,, maintain stoploss of recent peak..
Hi Traders, UJ looks set for a big wave to the downside. Price just completed an ABC expanding flat in wave 2 and now we are looking for a wave 3 that could go all the way to 103.90. Use an appropriate stop loss, trade with caution and look to join short positions only when you get confirmation. Regards Wave Theorist
Hey tradomaniacs, welcome to another free trade-plan . This is my personal view on gold and my trading-plans for the future. Overall I expect gold to retrace one more time in order to complete the current consolidation before it heads up to 1.800 as my mid-term-target. Important: This is meant to be a preparation for you. As always we will have to wait for a...
Hi Traders, USDCAD will continue with the current bullish momentum until it reaches key resistance at the 1.4280 level. At this point, I'm expecting to see some reversal where price will continue the down trend. At current levels, look to join the current upside momentum only when price pulls back. Otherwise, look for short position from the blue...
Hi Traders, We had key support at the 3600-3700 level and we saw price bounce of this level, suggesting strong demand. I'm looking for price to rally higher and continue to do so beyond 14000. The Elliot Wave sequence suggests that we are currently in wave C (expect this in 5 waves) of X. Regards Wave Theorist
Hi Traders, EU has formed a clear 5 wave structure in wave A, with wave 5 forming an ending diagonal. In the grand scheme of things, I'm looking for an ABC pattern to complete wave Z (as I believe that price is about to complete a triple three correction). In the long run, I'm expecting that price will push towards 1.0300. Regards Wave Theorist