There are 3 different ways that I see to label this wave down coming out of the correction. But either way, I don't see it as being in a running flat, but an ending diagonal to retrace. There is a very big demand zone here. I circled the 78% fib because I think that a good place to set a buy limit if it doesn't change its structure and it reaches it. it's breaking...
If wave {v} took a formation of ending diagonal and has ended at $176.6, a large degree correction will be inevitable.
I think an ending diagonal is heading to the end. Overshoot from upper trend channel.. will update with the changes
Bat Pattern confirmations: - A-B must touch 0.5, but cannot touch 0.618 - B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236 - D completion at 0.886 (Fibo X-A) - Take profits at 0.382 and 0.618 (Fibo A-D) - Third TP would be long term back to where it all started Ending Diagonal confirmations: - 5 clear points - 2 clear...
Ending Diagonal - 5 clear points - 1 and 4 retesting same level - 0 to 1 should be same distance as 4 to 5 - after point 5 is reached, bullish movement towards 0.786 We can see some clear consolidations been formed inside this channel, you could sell towards point 5 or play it safe for Ending DIagonal confirmation for bullish movement. Good Trading. -1h Chart
This is the long term chart depicting the possible Ending Diagonal Pattern (green). What is interesting that small waves c (yellow) of the countertrend waves B (red) already two times are smaller that waves a (yellow). If this sequence would persist then it's quite possible to have it in the last wave down as projected with the red polyline. The pair could hit the...
Confirmations for Gartley Pattern - A-B must touch 0.618 but cannot touch 0.786 - B-C must touch 0.236 but cannot exceed A (on this case its at 0.382 unified gartley ) - D completion at 1.272 (Trend Extension) or 0.786 from normal measurement - First TP at 0.618 (Fibonacci from D-C) - Second TP at 0.382 (Fibonacci from D-C) - Third TP would be back to where...
Just a thought. This is what I would like to see dollar do so I feel very comfortable trading it. However, a flat pattern and a wave 4 triangle (even a running one are still possible pattern wise, the daily is showing some serious divergence. Next major fib level is .9600. An ending diagonal that breaks and reverses always makes me feel more comfortable.
Chf/jpy looks like it may sell down more on daily, but on 1-4hr you can count out a small 5 wave with an ending diagonal. Looking for a 3 wave corrective wave up on 1-4hr.
GO Pro looks to be in an ending diagonal for it's 5th wave of long decline. looks to be retracing some at least. It can correct and continue up, but I would be looking for a 3 wave structure here then one more down. I will post it zoomed out so you can see what I mean. The top trend line can be moved up and this small wave can turn into a larger 3 wave. Whether or...
Maybe this correction is almost over and BTC 0.21% is printing a double combo ending in a diagonal. If so I'd expect one more run down here to stop at the lower trendline and then probably flat for a while before starting the next bull market. I'm waiting to see if we break out here and complete what could be a bull flag . If so I might buy the breakout. If we...
nas 100 bear divergence ending diagnol lucrative risk reward
Confirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) - Third TP back to point C Between A to B we can see a minor 2618...
I can draw this out differently. I can move the 5 wave to be a larger leading diagonal pattern to end at "B" considering it broke the high in an impulse, which may be more accurate, but that still gives us a 1-2-3 correction. I can W-X-Y it also. The reason I drew it like this is because I wanted to point out that there are overlapping diagonal patterns ending at...
NZD/JPY has formed clear Ending Diagonal on daily time frame in line with strong bullish tripple divergence to MACD. Fundamentals from New Zealand supports the idea.
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DXY has been rising a lot recently, as per the previously posted Part 1 of 8 - USD alias "Dollar Hulk" - Green Bull Rodeo article. It could be getting the hammer soon, as multiple signs are pointing towards a Bearish possible outcome: -Expanding Ending Diagonal within Minute V (green) -Contracting Ending Diagonal within Minuette (v) (black) -Bearish Divergence...
Last leg of Wave C is coming to an end. Reversal is forming. Also a nice indication, that it reached wave 2 of a lesser degree (1.17070)