The last down wave has unfolded as a final leg Y in a regular flat. Meaning eth could be seeking higher tradable levels. Confirmed double three structure logically justifies a rally to 0.028666666
i will be a buyer at 1.38513. a break out of that level is a trigger for long setup to complete C wave of a flat type of correction. and a break below 1.37188 is invalidation level although still (after breakout of that level) there is a little chance for an up wave as a flat correction.
I think the price is a little papillitis in the range of 1.1000-1.0850 in the region of 1.0850 will look for local support for the purpose of Long ~ 1.1000 and stop loss below 1.0850 it is unlikely that will Hold a position with 1.085 to 1.14, as this is a different time frame for which the stop below 1.085 is not appropriate and if the market does not adapt to...
FX:NZDCHF BEARISH GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Safe Trades; open.spotify.com
After a nice impulsive decline from February highs at 79.39 down to 73.18, NZDJPY has turned higher and has since then been trading slowly and choppy, clearly in a correction, that looks to be a flat pattern. Well, this correction from the end of a five wave drop could be near completion, as price seems to be trading in its third and final leg, wave C. We still...
NZDUSD has reached up to a vital area where it could see it reverse or go up even higher. With a weekly trend line holding it down, a break and retest of this pair may signal its bearish monthly run. A hold of this trendline may see it go down further more
Oil is in the middle of medium term Elliott wave 4 corrective range (flat) pattern. As the wave (a) unfolded in to 3 (abc) pattern it have high probability to be the ranged 3-3-5 pattern with a possible break out up side in the last wave (c) to reach at least Fibonacci retracement level 38.2%. As the previous time periods and Fibonacci time extensions match in...
EURAUD has been bullish since the beginning of December 2015.As bulls have exhausted themselves a little, it gave the bears the opportunity to change the game. A break below 1.53 levels could bring EURAUD into a bearish movement. However a stop at that region may bring the pair back up even higher. Either way, this is a spot to keep on the lookout for.
Short term a minor expanded flat correction is unfolding. Wave and already is in place and now wave higher to 172.98 should be expected. The most common relationship between wave a and wave b within an expanded flat correction is that wave b is 138.2% longer than wave a and that is precisely what we have seen. Looking at the wave relatioship between wave...
Currently AUDUSD is at the edge of a major trend line developed since September. A lot of bearish pressure on the pair right now and a break below the trend might send AUDUSD down. Be caution in the next couple of days and keep your eye out
McDonalds trades flat both on long term and short term basis. On long term perspective price is now in lateral range after it failed 10-year uptrend, by falling below 1st standard deviation from 10-year mean @ 100 (now the range upper border). The lower border of the macro lateral range is marked by 5-year mean, standing now at 92.5 - MCD has tested and held this...
Corn seems to be in a corrective pattern in red wave 2 that can retrace back to fibo. level of 50-61'8 %. After the correction is completed, price may reach lower levels. www.ew-forecast.com
Goldman Sachs trades laterally on both long term and short term basis. On long term basis price has recently failed uptrend borders, marked by upper 1st standard deviations from 10 and 5-year means - thus entering lateral territory within the 1st standard deviations. On short term basis price has failed to enter a downtrend on 1-year basis by holding within 1st...
Flat (regular, expanded, running) A Flat is a three-wave pattern labeled A-B-C that generally moves sideways. It is corrective, counter-trend and is a very common Elliott pattern. Expanded flat • structure is 3-3-5 • wave B moves beyond the start of wave A • wave C ends more substantially beyond the ending level of wave A • appears in wave two or four in...
This is a follow up of the last elliott wave analysis published 8 months ago www.tradingview.com The basic change is in the extended 5th. The diagonal as we expected did not work due keep the original wave count as originally stated is impossible due now will see the 3rd wave as the shortest. This can't be even in diagonals. So the best way to update it is by...