Possible double top, 4th wave triangle or push through The Fourth Wave Conundrum and Pseudo-certainty in play. Nothing is for certain in this instrument. It's therefore not an object for investment right now. Does that mean the analysis is in vain. NO! It gives us the opportunity , when uncertainty is resolved we will with high probability know what will happen...
According to my analysis, USDCHF is very close to end the correction on short term basis. Current Elliott Wave outlook suggests that we are going to have a sharp rally happening very soon all the way up to 1.13000 price handle. Current price is good to enter but Stop-Loss point is very far at 0.95500. The R:R is still good but conservative trading is what I prefer...
cl treasure map , target based on EW
We have a potentially completed triangle on the longer timeframe and a few consecutive bearish impulses coming off of it. I want to sell the next one if it should occur. Keep an eye on the 500 level near support for a potential target.
This sideways corrective structure on the 4H makes for great entries into harmonic patterns on 15m and 1H charts. Look for upcoming patterns such as the butterfly and cypher as shown. There will likely be more presenting themselves as the week plays out.
Not a very clear picture being drawn on this pair as we have a few factors playing for both bulls and bears. I'll be waiting on the sidelines for either a triangle breakout or further drop past the dotted S/R level.
The current drop has many investors thinking that the long term correction in the miners is still ongoing. However, the current price movement is playing out more as a short term corrective wave (ii) of a larger degree wave 1 that should take us above $30 sometime this summer. I am currently expecting a bottom to be reached somewhere above $20 before the...
This pair has completed a potential falling wedge. Until the first bullish is confirmed with a subsequent more powerful bullish impulse, however, it will be considered an aggressive long. I like a small aggressive position near the completion of an A=C zig-zag and a larger position at the conservative confirmation level. Keep in mind, though, that a drop below...
This pair, like other JPY pairs, is in the midst of a short rally while we wait for volatility to return to the market. When it does I'll be looking or opportunities to buy the yen. I will only be pulling the trigger on this on a confirmed breakout. If and when wave-(A) completes, our best move will be to sell the (C) wave toward further dropoff. The next...
After a powerful bullish impulse ending in late 2016, we've seen the pair basing sideways in a series of corrective waves. This month (February) has shown a symmetrical triangle forming on the 4H which could signify the end of the correction if the pair breaks out from wave-(E). Outlined on the chart is a potential move. I would like to see the pair rally so...
AUDJPY is basing on the hourly chart after a strong bearish impulse last week. Based on the recent completion of wave-((B)), I have strong reason to believe that this drop will continue through next week. I will be waiting for a breakout in order to ride it downward. Updates to come...
The Elliott Wave outlook is showing some opportunity to short EURUSD soon. Triangle looks completed. There is a minor chance that wave-E of triangle is underway but since Alt:wave-D has violated the Elliott rule by passing the end of wave-B by a few points, I believe this is wave-i instead of wave-D. Lets see the price action in coming days and weeks. Remember...
Fundamentals still intact and with the release of OPEC monthly report strengthens the idea to go long in oil Disclaimer* All ideas published here involve risk and does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
because of some oversupply in oil inventories, reviving of shale oil and increasing drilling activity in US. I expect some downward pressure for crude oil before a raise in price due to OPEC's plan to cut down supply to raise oil prices. Disclaimer* All ideas published here involve risk and does not guarantee future results or returns. Investors are fully...
Hi traders, On this EURUSD chart we can see my expectations based on the Elliott Wave count. I expect a retracement back to point B and from there drop to point C. Cheers