AUDNZD still in bigger correction pattern but looking to play upside to test longer term resistance.
Hello, My vision of today for USDJPY. All coments are later. Good luck to everyone!)
NSE:NIFTY NIFTY (NSEI.NS) NSE:NIFTY completing wave B of A-B-C flat correction started at 11171. WaveB estimated to end arond 11045. WaveC estimated to end around 9951. Good short, good risk reward ratio. Disclaimer - the above text is only for educational purpose. You indemnifty me of any consequences you face by taking actions you take based on above.
Dear all, thanks for reading this post. Lets get right to it. In my last post (SPY is playing Fibonacci Pinball) I noted that the market was difficult to read and was giving no clear signs as to its direction. This was b/c we had seen multiple higher lows (w/ decreased volume on each higher low which was a bullish sign) and higher highs in the ascending channel we...
Ive considered many times that the all time high of $44 may have been wave 3 , however there is also the possibility that we are now in wave C of a flat correction. I would like to quote from the Elliot Wave principle book " Since the first actionary wave, wave A, lacks sufficient downward force to unfold into a full five waves as it does in a zigzag, the B wave...
GoldCoin/USD (Goldcoin Token) 05/12/18, 7:25 PM EST, by Michael Mansfield. Hi trader friends, I iope your weekend is a fun or fulfilling one! With practically all of the volume occuring on the up bars since the late March low, another good sized up move is in the cards onces this corrective wave is complete. Moreover, a with the large bullish volume on the up...
I think the C wave will be finished in the couple of next weeks and the BIG upside move will start. In weekly view you can see that a flat corrective structure is forming. If you have different view please let me know in comment section. Please trade with care.
Big fialed flat has been ended. If the trendline in RSI croses, price fall down with selloff.
Maybe BTC will finish a flat with a diagonal in C
not very confident about this expanded flat count but it is possible. if the rally from 11726.6 is the first wave of final 5, we should expect another wave ii pullback that may offer opportunity to trade for the upside.
BTC crashed your head to 200MA, it's time to go back.
The short-term pattern looks like a flat correction in the making.
Final wave 5 Wave 1 - standard impulse (i) Wave 2 - WXY (ZZ variation) (ii) Wave 3 - Extended to 2.618% (iii) Wave 4 - Flat wave 4 (Rule of alternation met) Wave 5 - 1 vs 5 = 100% and 3 vs 5 = 0.618% (Key Fib termination points as defined in EW) From the high (v) Wave A - ZZ down Wave B - Complex Flat retrace between 0.618% and 0.786% of Wave A. Forecast Wave...
Yesterday BTC price is seems like change to downtrend, but I think it's a part of correction and BTC is in a ongoing flat pattern. As you see in the chart, BTC can move to target $9300 point that touched before in correction (A) wave. At $ 9300 point the price will move upwards with the support of long-term downward trend line(a red dotted line). After this...
If you get a small correction here, look to trade to fork. A flat would make sense. Then if we are lucky maybe structure gives another sell entry. But keep in mind you would be trading corrective structure and not the best time of day right now to be entering trades. I will probably do an updated weekly outlook later today now that the market has moved, then...
GA will either come down from here or it won't, but I'm in the sell. There is huge potential for downside if it makes a 5 wave out of this 3 wave. That's the whole point. I want this move to be a corrective 3 wave, which it currently looks like. That would mean I am looking for a 5 wave down. So.... was that a "C" ending diagonal and we are coming down?... Looks...
I bought this earlier on and closed it when I didn't like it. Achf would probably be a better sell option than Cadchf. It seems like it made a false breakout and wants to drive down, could possibly make a flat. Don't overload with commodity currencies though. Been in and out of them as they are in consolidation. We are waiting on news right now. FOMC...Cad news...
EA did make a long flat here as I was saying, broke out and made a 1 hr flag. It could potentially go up a lot. But you have to consider the probability of retracement and I personally will not be placing my stop under the low but be careful and I will only give it enough room for a wave 2 % retrace and will be manually trailing. It can potentially become a sell...