See some more downside ''Possible C-wave'' completion Potential move up near-term.. Watch for possible ''ending diagonal'' on lower time frame for market reversal
It could be an Ending Diagonal in the position of wave C. We can reach then the $55-58 area where both 61.8 of A and the top of diagonal meet. Break below 45.12 (wave II) would invalidate this count. I will add another possible count in the comment to this post to show you different perspectives.
LOOKS TO BE AN ENDING DIAGONAL - I WILL BE PLAYING THE SHORT FROM THE TOP OF WAVE FIVE WITH MAXIMUM RISK TO REWARD RATIO GOOD LUCK
We are at the end of correction in wave C of (X) before the strong upside reversal in wave (Y) of ((X)).
For those who missed this entry, we had a great Cypher/EW Count trade to first target here: This completes wave A of the correction. Then, wave-B has on folded into a rising wedge, typically marking the final wave in its degree series. Tight stop placed above base of wave-i-of-C. PS: This one is a little late, it ran away on me while publishing...
Hey Traders! Here is another possible short setup on EURUSD. We have a cypher complete with a possible ending diagonal setting off the drop. I like these trades because it allows us to maximize our R/R and place a tight stop. I like to keep my losses small and this is no exception. If it rallies beyond the end of the possible ending diagonal I don't want to...
EURCAD has formed an ending diagonal 5th of 5th wave. We should see lower prices from here on. Market currently at 1.4840
this pattern looks like an ending diagonal.. ending diagonals give nice trades with wonderful R/R and fast movements.. lets see
Hello there! The 3-wave structure points at the shaping giant ending diagonal in Nasdaq 100. We are at the end of wave 3 I guess.
#XAUUSD is at very important point these days. Major bottom is about to show up within couple of days or it already happened on 20July2015 at $1071 price. As this is major correction of uptrend of Gold, its most probably a triple Zigzag (WXYXZ). Wave-Z is about to end (or done at 1071). As it looks like ABC zigzag where A is 5 waves, B is 3 waves and now C looks...
ending diagonal as wave C of ABC zigzag correction. the question is, is this zigzag all of correction or its going to be a WXY correction? so the target is based on the answer
Nice and strong company but trend has been exhausted. Ending diagonal. Minimum target at 72.
Looking to get short on this pair after it made an ending diagonal pattern on h1 at the break of the wedge
Last weeks strong close at 149.65 confirms that wave A from 244.80 to 134.13 is complete and a zig-zag correction to at least 176.28 and possibly 189.35 will be seen over the coming months in wave B. Wave v of A turned into an ending diagonal and once this formation is complete a return to the origin of the ending diagonal should be seen in half or less of the...
A picture perfect five wave decline has been unfolding from October 2014 high at 244.80 to June 20 - 2016 low at 134.25. This has completed wave A of zig-zag correction and wave B will now take over for a rally towards at least 174.35 and likely even closer to the 50% corrective target of wave A at 187.80. So after have been short almost 2 years it's time to...
We have been tracking a potential ending diagonal pattern in EURUSD that suggests a retest of 1.17. This Elliott Wave pattern is running out of real estate to the downside to still remain valid. Therefore, if it is going to remain valid, prices will need to rally soon. As it stands, the labels I'm following currently place us in wave (b) of ((v)) in the ending...
Looks like dollar is going to take back short term losses. 0.618 common Fibonacci level + Ending diagonal = mighty mixture