We can clearly see that the pair is still in a correction, specifically in an Expanding Flat according to my view. Legs a and b have already been completed and I am now anticipating the 3 and final c leg to finish up to the 0.9080 levels. One more small move to the downside (0.8610 level) is possible but the overall bias is to the upside. One more confirming...
Cable is fighting a lot of opposing forces at the moment. The rally in wave 1 stopped just below the 30 year horizontal resistance-line. This line acted as support for Cable since January 1986 and was broken in June 2016, which shifted its position from support to resistance. However, I think the dip below soon will break back above this horizontal pivot point...
The expanded flat correction in wave 4 continues to unfold as expected and should ultimately make it higher to the ideal target near 170.00. Short-term Feeder Cattle is testing solid resistance near 159.00, which might cause a consolidation, but ultimately this resistance should be broken for the expected rally higher to 170.00 to complete wave C of 4 and turn...
Current favored count for the EURUSD. C leg of an expanded flat into 1.185 underway after the NFP
Traders, EURCHF is close to complete the 5-wave sequence. Wave 4 (cirlce) corrective wave is probably forming an Expanding Flat Pattern. 1 - Wave-(a) has developed into a ZigZag with internal 5-3-5 structure, ending at 1.12589 2 - Wave-(b) has developed into a Zig-Zag with internal structure 5-3-5, ending at 1.16233. 3 - Wave-(c) should develop a 5-wave...
We can see that the pair has formed a nice Double Top at a major level which is why I'm considering short positions for the near future. Looking at the bigger picture we could be in a Flat ABC correction, whichever the case maybe I'm looking towards the downside. A break of the upper trendline should provide even more confirmation, while at the same time we can...
Bitcoin is currently correcting in wave 4. My preferred count for wave 4 is, that a running triangle is developing. Wave C is currently unfolding and should see support near 3,300 for a rally in wave D closer to 4,378 or slightly above. Before turning lower in wave E to complete wave 4 and setting the stage for a strong rally in wave 5. The ongoing decline in...
Hey guys! We may get this moves (blue). If we are wrong then it will go down (red) and we will plan more sells. - Hey chicos! Puede que tengamos estos movimientos (azul). Si estamos equivocados entonces irá hacia abajo (rojo) y seguiremos planificando ventas. Carlos
Traders, I'm publishing EURGBP 4H Chart even if you can find my view in a daily log scale in my published ideas, for a closer view and a better understanding of the structure and the targets. Daily Chart Since 06.10.2016 the pair has started the correction developing a five-wave sequence, A-wave (circle) ending at 0.83046. So far B-wave (circle) has possibly...
I personally think BTC is all hype. How much value is in a currency that is used for Illegal shit? idk lol
It has been a while since I last updated my count on Feeder Cattle. In my update from August 8 - 2016 I called for wave (A) to be in place at 134.25. The price-action that followed, doesn't really support wave (A) having completed and therefor, the preferred count has been changed, to this count, which shows that only wave 3 completed at 134.24 and the ongoing...
Hi All, As forecasted, I was expecting a final USD fight back for the next few weeks and it has definitely started turning with a sharp fall which I have labelled as wave C. Below is a quick update of my count and summary of what I am expecting this pair to do over the coming weeks. Forecast : Starting from the low at 1.03411 Wave 1: Leading Diagonal...
HAMONIC Cypher PATTERN Bearish Motive wave Small Elliott wave 5 Corrective wave Expanded flat 1.272% 161.8% 1. expanded flat => running flat => ending Diagonal 2. expanded flat => running flat => Head and Shoulders 3. expanded flat => Head and Shoulders USOIL CL1! CL2! CLK2017 WTIUSD
Price is in an expanded correction after the push up by buyers. Given everything stays the same, then buyers can start pushing price up again. Therefore, buying within the correction with the expectation for a bigger move is a good trade. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.
As I dive deeper into EW theory my analysis and way of looking at charts has changed. Here's an update to nzdjpy outlook. I'm long and strong! :D
Hmmm as I progress understanding of wave theory, I like to look at the charts differently and expect the unexpected. This to me appears as a "expanded flat" I've quit trading the animals because Ive realized the importance of wave structure! Have a great weekend!
We appear to be forming a continued bullish corrective structure! This is based upon my current understanding of EW Principle. Thanks for checking it out! Show me some love, and what you were thinking ;)
chart explains what I'm looking for, and related idea! Have a good week!