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Ending Diagonal

EURGBP Ending Diagonal Completed, Go Long!EURGBP has been going through a long term correction(monthly chart). The correction seems to be bottoming out as the EURGBP has formed AB=CD pattern which has completed at around 61.8% FIb from its Top, We have bullish divergence on daily chart with RSI and MACD and there is an Ending Diagonal Pattern formed on Daily/4hr chart which has broken on upside now signaling the reversal. The candle stick patterns are showing a Doji/Hammer reversal patterns on Daily,Weekly and Monthly charts. One can go long with the defined risk reward on chart. Happy Trading!!
Long
by SirajHudda
Dilemma......This could be what's in store!An Elliott Wave Ending Diagonal with the 5th wave coming in at 2138.04 2138.04 is the 1.618 extension of the subprime top and devils low. 2138 is also a confluence area where the 1.618 extension comes in from the major wave 3 swing high and major wave 4 low at 1821.61 Will it all end in an huge SHS? ...the form is a guess but we will at the beginning of a downtrend see a lower high. So a SHS is def. possible. It's the game plan so far. We will see confirmation or invalidation when wave 3 (green) is a the 1.50 fib. A huge blow off from here and it's not an ending diagonal but a normal 3rd wave up . But do we see a Gartley 5.0 pattern (the tilted w in green)...the top is possibly in. Safe trading ladies and gents! @BLawrenceM Music at work: www.youtube.com open.spotify.com
SP:SPX
by CoinedByCrypto
2
End of 2014 Bear Market Prediction (update)This is an update of a chart I made 10 days ago (check linked ideas). I've added some inner waves and some corrections. Yesterday's drop to $276 could have ended the (5) wave of C. You can zoom a bit to see the decomposition between (4) and potential (5). Long-term support, lowest-point after burst ($275), first level of fibonacci retracement are all pointing to this important level. If the ABC corrective triangle is over (correcting the Dec. 2013 burst) we should be going out from the endind diagonal from the upside pretty soon. In EW and TA this pattern/figure is a bullish one. However, we should note a correct counting is allowed with testing the falling wedge again (and old ATH). The counts would remain correct and stop the 2014 bear market aswell. C would be around January's end, ~ $257. IMO if you're long-term bitcoin beliver this a nice time to accumulate. If not, waiting a possible drop to $257 or the breakout from big falling wedge could be a better idea. Good luck !
BITSTAMP:BTCUSDLong
by Hen0xyd