The wave III is ended around the range of USD 2075, we are currently in Wave IV which is a corrective movement of this uptrend.
In wave IV and in b wave, the Triangle pattern is formed, and by the price crossing the USD 1906 range, which is the end of wave d of this pattern, the hope for a further downtrend exists. It should be in the form of 5 descending waves...
Hello my friends,
Today i noticed some good setup from GBPCAD. Previously this pair make an inverted shoulders head pattern and then push straight to the upside for 700 pips in 2 weeks.
I tried to fit some fibonacci tools into it and count the waves according to Elliot Waves principle. Surprisingly, it looks like this pair just finished with the 4th Wave.
Many people asked me what will happen if the invalidation level gets broken!
3 thing might happen next week:
1- the invalidation level never gets hit and we will have a crazy down trend (left chart)
2- the invalidation level will get broken. In that case we will assume that wave 3 is extended and you can see the scenario in the right chart. the price will go up...
After a 3 month 1500-pips bull run by AUDUSD from 0.5500 area to 0.7070, price start to exhaust and has been moving in a sideways direction for 1 month since 10 June 2020 to 10 July 2020.
In my opinion we could see some correction from AUD now as there is also a fundamental issue regarding COVID-19 second wave.
There is a triangle pattern forming, and price...
welcome to another free trade-plan .
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Target 1: 1,10510
Target 2: 1,11000
Target 3: 1,11450
Stop-Loss: 61 pips
Here's my view on BTC, as we are correcting im keeping a close eye on the reaction at the $9170 monthly level and the 0.382 Fib level.
Hopefully we can get a nice bounce of these levels to continue the bull trend.
Time will tell.
I am not prepared to make a recommendation but I am intrigued by the company. It is in the renewable energy space. Fundamentally, the stock is a bit overvalued with P/E, PEG and P/B overvalued but it is in the solar energy sector. I am including my current wave count and would look for entry into the stock between 30-35 for what I expect eventually will reach $50+.
Price has been on a two month long bearish run. A Consolidation can be spotted between the 9th of January all through to the 24th of January. This consolidation can be considered as the first LH of the spotted trend. Price broke out of the 0.65846 support level, this was a confirmation signal that the consolidation is over and a bearish price continuation would...