Long term bulish zig zag formation. Leg A has 5 subwaves, so expecting is that C leg would also form into 5 waves. In following days price would consolidate around 0.38 of fibo retrace, and price should going up.
Sizin de bildiginiz gibi ikili dip genel yukselisi saglayan onemli donus formasyonlarindandir. Benim beklentim de ikinci dibin olusmasi yonunde. Bunun icin gerekli hareket de Elliott a gore EXPANDED FLAT - belkide IRREGULAR EXPANDED FLAT ile mumkun gozukuyor.
This is my general theory outline on whats to come next, I expect 5 waves down now to around 3449 to finish B, then upto 4.5-4.8k forming C This ABC is a corrective wave from wave 3 - wave 4< after this is done we should have 1 final big wave to 2500-2100$ and back up to 5.8K :)
there is a flat flag formation so im looking for price action to sell this pair in lower time frame
Over all we are in major bearish cycle for EURUS as per my last chart I published in January 2018 which you can check in the link below. This trend has developed well so far and it is in a corrective phase since August 2018 low which appears to be developing what Elliott Wave theory refers to as flat correction of 3-3-5 formation. Rules for Identifying Flat...
Index might be in an expanded irregular flat EW, with descending wedge an indicator of diminishing supply as the bears grind down to the 0.62 Fibo retrace line. In Elliott Wave theory, in a strong bull market the ABC correction 'C' wave can terminate above the bottom of A, and may appear as an expanded flat correction, rather than a deeper C that carries below...
I think the overall pattern is bullish, but we will get a few more moves down of selling if my analysis is correct! Let's see!
NYSE:F has been in a weekly corrective downtrend for the last 4 years. We finally broke the A wave low. Many analysts consider this a "strong sell". Now will crowd psychology think this price is a bargain and start buying? WIll the funds do the same thing? Time will definitely tell! Personally I will be looking for any chance to go long, as long as there is a...
Will we kick off monday ready for the Impulse up. or will we have some more up and down to make a push lower to break the low, before turning to the upside?
Hi Guys! It is interesting to see the many bullish ideas of the BTCUSD since the recent correction. What we saw in my previous view is only one possible outcome, at the moment the price is trading in channel between upper resistance and lower support level again. What we have on the card? TF: 4H; The MACD: Bullish crossover, and its possible future the centerline...
Went with a weekly expiry put yesterday to get started in speculation of NYSE:HPQ to the downside. So far it's going OK. Will look to close it by Thursday and pick up some longer expiration puts when a little longer correction happens. This is one possible wave count. Another way I'm looking at it will be in the comments. Either way I will be looking for moves...
After a shallow brief wave 4 now in progress expect higher again for a week or ten days. Wave could carry Dow back to Jan high or perhaps a bit shy. Should get within 2 percent. By early to mid-September we could see Dow reach a new alltime high, although it has lagged Sand P and Nasdaq is a real bubble. Market was forming a smallish wave 4 when the Donald...
Gcad broke mt trend fib box for the 7 swing but still came off the 1.618 extension so it still be doing the same pattern. You see that the daily is turned up. Just basically looking for more of a correction here, maybe a flat pattern... I'm in sell on cadchf, will post in a moment.
For the past year, Micron executives have been making the case that the memory industry is transitioning from a cyclical industry with booms and busts to a secular growth industry with the massive demand for memory in the cloud, artificial intelligence, self driving cars and IOT ramping and reshaping the compute needs of the future. It is a nice story and one MU...
For months I have struggled to make Elliott wave theory fit this Bear Flag rising channel but although 5 wave impulses appear within the channel, it is not itself a motive impulse, but rather, it is a complex, 7 or 9 multi-wave zig-zag flat corrective pattern "A-B-C". It also contains WXY components which we recently observed press index under 25000, as well as...
Compared EURUSD to DXY(dollar index). DXY is showing one more potential decline and with this being inline with my EURUSD analysis ,this would appear so.
AUDNZD still in bigger correction pattern but looking to play upside to test longer term resistance.