Oil is close to its top. There can be one more push up but if the lines break then a B correction will have been underway. I am looking for a top. I have closed my long position already.
Failure swing high indicated me to open an early short in AUDUSD. This is the first position. If the price fall below 0.6024 then I will be strengthened, and I will search the next high probability trade set up.
Abc with an ending diagonal in wave c. Short to mid-term (?) sell
There is an RSI divergence between wave 3 and 5 in an ending diagonal. I am waiting for a trendline break down and the GBPJPY will go through 1.3217. If this condition will be then a dramatic fall could happen and the GBPJPY could reach 127, 124 support levels.
Gold is sporting a ending diaganol pattern which suggests a rally to new highs for the year and possibly to new all time high. and beyond. An ending diaganol at this point so close to the trend high is very strange and seems to suggest that we may be in the early stages of Hyperinflation! $2000 to all Americans......hmmm .... Isn't it funny how charts setup the news!
called ending diagonal (google it) cannot predict... at least see 1633 as good target
Nifty in Ending diagonal which is coinciding with Downside RSI range shift.......If Nifty goes below 11000 levels than we might see big Down Trend on the chart
AUDUSD is now in the big wave and on the H4 chart we will find that its contain from 5 waves comes as ending diagonal. The pair is expected to go up to make wave 2 from the 5 waves This scenario confirms after break the 0.6940 level
This is not a setup but this is a forecast based on Elliot Wave Analysis. Please keep in mind that no guarantee this is gonna work but it is what it is. USDJPY has been in a long term correction, slowly but sure it creates sort of clearer movement so easier to catch it. I assume USDJPY is making an ending diagonal pattern in Weekly timeframe and its finishing...
1. It seems to be an Ending Diagonal. 2. The big picture shows us ABC correction is over. 3. Rejection from resistance zone (109.732) 4. Divergence on MACD. Let's see what happen next ;) good luck
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Hi Traders, We have a textbook ending diagonal pattern currently in progress. This is a reversal pattern and is confirmed by the loss of bullish momentum as illustrated by the RSI and MACD. Wait for a bear impulse breakout from the structure before looking for any short trades. Regards, Wave Theorist
Detail @ The Chart
Looking at bottom of the charts, we have bearish divergence. We also have an ending diagonal pattern about to complete. Then a bearish Harmonic pattern in confluence with other factors.
We are currently at the wave B of the 5th Wave of this ending diagonal. Will this be it?