AUDNZD has possibly completed a C corrective wave at an important S/R zone. A move down from current levels into wave (v)/3 would likely extend into the 1.088 area.
Wave 4 has met a high probability reversal level at the confluence between a .382 retrace of wave 3 and the price zone of the previous degree fourth wave. Wave 1 time to completion provides a forecast for wave 5 completion time. Price range of wave 1 as an extension from current levels coincides with 1.272 extension of wave 3 and provides a target for fifth wave...
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This is a 0.5% risk trade I am currently in. the downward move looks impulsive to the downside and I guess there is still high probability to continue going down. And from looking at AUDUSD (still to go down) and NZDUSD (going up and currently finishing wave 2 down) this trade seems ideal :) another "conservative"short entry could be entered after the price...
Wait for breakout of triangle. If upward, we should see the C wave reach at least 1.11445
EW wave 4 pennant in spe Still C a lower low coming before a correctional ABC wave up as a wave 2 of the 3rd wave (still to come). When do price tells us that we are going lower? With the break of the 127.2 fib line. Then I C a possible target at 2032 The Bullish Bat on dayly is a strong indication that the market hasn't completely surrendered yet...that...
After Completing the Preliminary Retracement Identification Analysis on LTCBTC it appears that it may have just completed a Double Zigzag or Double Three correction. The Count I'm looking at has the peak in December 2013 as Wave v of 3. Down from there begins either a zigzag or a complex three correction, which is followed by an x wave and then another three....
As you can see, it appears that LTC is leading BTC. The setup on BTC is almost EXACTLY the same as LTC was right before it got its giant Wave iii and increased over 100%. BTC, unfortunately, is not as volatile, so it may only increase 50%, however, with 20x leverage the gains will be similar :) Now specifically, these are some of the reasons why I think BTC is...
EW-Target: 1150 = wave 1 NAVY of Wave 3 YELLOW: - Retest broken Trend-Line RED (currently at 1200) DONE ? - Wave 2 YELLOW DONE ? - Wave 3 YELLOW starts, IF REJECTED at 1200 !!!
EW-Target:1149 IF REJECTED at 1185 ? - 1149 = Wave i LEMON of Wave3 YELLOW, - Wave 2 YELLOW DONE ? ======== - Break-Out FAILED (Down-Channel BLACK) ? - Retest broken Trend-Line RED (currently at 1194) DONE ? (is not reached => SIGNALING the END of strength !?) - Retest broken Support-Line RED (1185) DONE ? - Wave 2 YELLOW DONE ? - Wave 3 YELLOW Starts, IF...
EW-Target:1149 IF REJECTED at 1185 ? - 1149 = Wave i GREEN of Wave3 YELLOW, - Wave 2 YELLOW DONE ? ======== - Break-Out FAILED (Down-Channel BLACK) ? - Retest broken Trend-Line RED (currently at 1194) DONE ? (is not reached => SIGNALING the END of strength !?) - Retest broken Support-Line RED (1185) DONE ? - Wave 2 YELLOW DONE ? - Wave 3 YELLOW Starts, IF...
In the attached chart you can see that we just formed a perfect bat on weekly futures on the lower time-frame. The Elliott Wave count also supports this being the end of the pattern by way of the terminal impulse in the Wave v inside of what I believe to be Wave (c). If this is correct it means that this big daily correction on bitcoin is not over, and that...
Today-EW-Target: 1157 = 161,8% Fib-Extension - Resistance at : 1170 !
Today-EW-Target: - 1208 = wave 3 ORANGE, IF 1185 HOLD!
EW-Target 1238: IF 1185 HOLD! (5 Days, 1185 can not be broken!)
My Notes: We are in the end of a corrective wave (may be wave 2) of the main bull wave. Why: 1/ This is not a impulse wave, because there is a overlap of wave 4 and wave 1 (pink line). 2/ The ABC also in form of 5-3-5 waves 3/ The bottom of the retractment of main bull trend (major wave 1) @61.8% fibo level. Next, I am looking at the development of current...
EW-Target: 1238: - 1238 = wave E YELLOW of Triangle, IF 1185 HOLD !? ( Note: 1185 is Support of Trend-Line GREEN) - False Break (of Support-Line GRREN) by Wave 5 PINK of Wave C LIMON (= 12345 PINK) of Wave D YELLOW ! - Wave C LIMON (= 12345 PINK) of Wave D YELLOW is now complete (after False Break by Wave 5 PINK) ! - Now Wave 1 PINK of Wave A LIMON (= 12345...