Traders, EURAUD is in Daily correction. Long opportunity for the 5th impulsive wave. Trade with discipline. Best
Break of the symmetrical triangle means we were in a triangle correction, which often occurs in wave 4 of B. This indicates the start of the last wave 5 or C. The apex of the triangle acts as a huge support, so in order for the breakout to be confirmed i think a hold of this support for atleast 2-3 days is important. Stop loss can be placed below the apex of the...
The latest price movement suggests that we are likely setting up for a big move upwards as wave iii of (iii), which in Elliottwave theory is seen as the most impulsive of waves. If the GDX moves above $24 in an impulsive way over the next few weeks, we would then be looking at a target of $30 within the next 3-4 of months. If, however, the price doesn't follow...
Hey traders, looking for price action near the potential retest of this bearish breakout line. Also, we have a potential Gartley completion at the same level. This confluence could mean heavy resistance and a reversal toward completion of the larger TF triangle.
Hi traders, Here just my view on the GBPUSD based on my little knowledge about wave counts and stuff. Cheers
Two possibilities: 1. Either Wave 2 ended Jan 2015 and we are currently in a Wave 3 up, OR 2. We are completing the B wave of an irregular 2 and price will come crashing down shortly. I suspect the latter...
The miners are reaching a pivotal point that will determine the price pattern over the following months. In my previous post back in Feb, I provided a count and stated that the GDX would be bottoming at around $20 before resuming the bullish trend. While the count is still valid, wave (ii) has protracted longer than what I had initially expected as we are still...
USDCAD is trading in wave 5 of C which is ending diagonal. A lot of confluence just above 1.3800 level: A = 1.618 C @ 1.3804 of expanded flat wave Z wave A (Q1 2016) 0.618 retracement @ 1.3835 smaller tf fibo projections I anticipate a little push higher to complete wave 5 of a diagonal before it reverse
Watch for break and close below the median line on the 4-hour chart for the S&P500. Potential drop-off could follow...
Hey traders, this bearish candle at resistance indicates a potential continued downside. Optimistic target is the bottom of the wedge. I like a target at the missed monthly pivots.
Hey traders, here's an opportunity I've been scouting for a few weeks. It seems as though we are about to see some bearishness in the pound next week. I will be looking for short opportunities as we may confirm a triangle breakout and potentially fall further down the bearish channel.
Hi Guys, as was shown today in the weekly outlook, I am expecting a correction in the EURUSD. Possible short term buy. Trade with care Thank you for your support.
Hey Traders, here's an updated count on our beloved Dixie. I like a short in both the short-term and the long-term. We may see a pop on the bottom triangle barrier into wave-(E) of the triangle. Compare this against the other indicies and you'll find some nice trades on USDJPY and AUDUSD. Cheers
Hey traders, here's another index outlook. I like both the Franc and the Euro long if we can break recent highs. This would be an indication of continued bullishness toward completion of a triangle on the 1H.
Hey traders, I like the bearish impulse we're seeing here out of the channel breakout. Bearish channel support is a nice place to short. Good reward/risk if the price action is right. Cheers
The pair has broken and re-tested its channel. The bearish impulse nods toward a potential zig zag with a nice risk to reward.
Hey traders, I like the bullish impulse on the lower TF going into this Friday morning. If bullishness continues, there is a chance for a 400+ pip move to the upside. If invalidation level is broken we could see a continued sideways movement for a few more days. I like the odds enough to attempt a long here. Cheers