Hello traders and investors! Today we will talk about natural gas, its price action from technical point of view and wave structure from Elliott Wave perspective. As you can see, natural gas is in the downtrend and we are tracking a big weekly A-B-C decline, where wave C is in progress since 2008 and it looks like a big ending diagonal (wedge) pattern. Ending...
Here we see an ending diagonal at a major resistance level indicating a bearish wave coming fourth. Key features are the extended fifth wave, overlapping the triangle, as well as a double top, indicating the reversal. Good luck and follow me for more !
It seems like the 5th wave ending diagonal is finished or may take little time to finish. It will go bearish below 1461 level and expected to go up to 1350-1250 zone.
Ending diagonal in wave (v) is over - minute wave ((a)) ended minute wave ((b)) should follow in a 3 wave zigzag/flat ALT: minute wave ((a)) is not over yet critical price area previous daily close 1.1801 PP 1.1790 UP
Nifty in formation of Ending Diagonal and it seems like we nearing to end of up trend
It's a very rare wave pattern, let's wait for the following wave to unfold For the aggressive traders may try to short at the current level, but the risk is high, so the stop level should be very tight
I do respect the idea that GBPAUD might drop along with EURAUD. We're also near the horizontal weekly resistance right now. If i draw a trend line connecting the low and high of GBPAUD recent movement. It will look like a broadening wedge pattern. In terms of Elliott Wave, this is a broadening ending diagonal. Sell GBPAUD 1.8610 Stop loss 1.8670 Take profit...
Here I was able to label the start of a 5 wave structure (1,2,3,4,5), the 5th wave is currently being formed (which is an ending diagonal and it isn't complete yet but I've labeled it as well. In this 5th wave which is an ending diagonal, I've also used the smart money concept to identify a distribution pattern which is in play, the break of structure which shows...
USOIL - Elliott wave – update – subminuete wave V ended subminuete wave V of (C) of ((1)) ended in ending triangle downtrend correction should be corrective mode to wave ((II)) - possible target 63.70 ALT: subminuete wave V of ((III)) ended correction in wave ((IV)) unfoldig - invalidation 71.15 FIB 0.382 critical price area previus daily close 73.78 PP...
Hello traders and investors! Today we will talk about commodities, specifically WHEAT, in which very interesting development. Well, as you know, commodities have been very bullish for the last year and some of them made strong and impulsive rise, but this is not the case for WHEAT, as we see slower price action and corrective wave structure from the lows. We...
Do you see that we are at the end of ABC corrective wave? In weekly chart I said that it seems we are on 4th wave of Eliot wave and here you can see that. As always, I can say again that holders are the winner.
If ....KLCI Future Index Price could hold above 1500 by end of the year..possible forming an ending diagonal pattern at wave (C)(Cyan/light blue).. AND ..Probably will resuming its up trend toward above 2000
minor wave 5 unfolding -motive ending diagonal triangle - 5 waves zigzag zigzag minute ((i)) ended zigzag minute ((ii)) unfolding ALT: minor wave 5 unfolding - motive impulsive - minute ((iii)) still running to/through 76.99 critical price area previus daily close 73.24 PP 73.60 DW
One of the benefits of Elliott wave is that it provides context for describing market behavior. A correct interpretation of the Elliott wave pattern can help you forecast important turning points. With these turning points identified, solid risk to reward ratio opportunities can be bubbled up as well. We have such a case within USDJPY. The choppy and...
AMBANK possible forming a running flat pattern in wave b (green).. Now at wave C (Red Circled ) where price could reach its terminal of wave C (Red Circled ) at around Rm 2.50.. which is the confluence zone of 1) The lower Trend Line of wave C (Red Circled) ending diagonal pattern 2) Next Major Demand Zone
Trade ideas for EURNZD by Hardi As you can see, a potential rising wedge pattern could be in play. The target should be around 1.6810-20 area. Right now price retracing at the 61.8 fibonacci level after breaking below the support. This could be a short opportunity for this pair as it is now at an interesting level. Using elliott wave principle, we might assume...
HI traders, USDJPY has been making series of overlapping three-wave pattern. This pattern can be easily labeled in Elliott Wave as an ending diagonal. Ending diagonal usually forms at the end of a trend and leads to an explosive reversal. If this count is correct, we should expect more weakness in USDJPY in the weeks ahead. Target below the origin of the...
XAUUSD has completed its 3rd wave and going to complete 4th wave as we can see it has fallen into a ending diagnol now after the 4th wave completes am seeing for a short trade on retest of trend line