Hello traders and investors! Today we will talk about commodities, specifically WHEAT, in which very interesting development. Well, as you know, commodities have been very bullish for the last year and some of them made strong and impulsive rise, but this is not the case for WHEAT, as we see slower price action and corrective wave structure from the lows. We...
GBPJPY Last updated was @ 8 May 2021 now probably on its way to completed the last leg of Wave 4 (red) Flat Pattern ..
come on gold... why you like flat correction that much Running flat Elliott wave correction. A running flat correction subdivides into 3-3-5 internal wave pattern. Wave 'B' breaks the beginning of wave 'A'. Waves C tends towards 100% the length of wave A and will not break the low of wave 'A'. The running flat correction wave can appear in any corrective...
Textbook pattern of elliottwave Flat correction spotted in Ethereum Chart. A-B-C structure with 3-3-5 minor structure. I expect price to visit 2100-2200 marked with 0.618 fib level before bouncing back up
TF: Monthly GBPUSD has some strong potential to drop back down from the current area over the next year or two. Looks like a classic regular flat corrective pattern.
Wave X (Yellow) lower than Wave W (Red) Which confirming that still bears in control. Forming flat correction in 15 minutes time frame. Good Luck!
Guys I have been doing quite a bit of Elliott Wave Analysis over the weekend and on the Sundays open market conditions appear to have changed. On the 17:00 EST 4 Hour Candle price completed and abc Flat Pattern at a low of 35199.10. This ended Wave 2 and begun the third wave in and Elliot Wave 5 wave impulsive leg. Price appears to have started the third leg of...
I believe Ethereum is currently doing an irregular flat structure 3-3-5. This means that the high of the second corrective wave labeled B, exceeded the top of wave (1). This is particularly nasty because it gives a false hope to investors that price is going to keep rallying to new highs when it is about to fall back again. However a particularity of the irregular...
As I said earlier, the 2500 resistance must be breached soon to mark the end of this downtrend. However Ethereum is still up as much as 220% YTD at the current price level and still has tons of room to fall from here. I would still put the odds at 80% downside scenario vs 20% upside scenario from here. Another reason why I favor the bear case, it's because price...
wave wave ((2)) is over – wave (1) of ((3)) of iii is running. test area 1.2217: flat fib projection wave 4 - fib ret. 0.382 wave 3 ALT: wave ((2)) still running in flat wave – (a)(b)(c) fib exten area 1.2160 critical price area previus daily close 1.2227 PP 1.2210 FIB: 1.2217 - 1.2160 static S/R 1.2245 – 1.2238 - 1.2210 – 1.2187 volatility D 1.2182-1.2283
Last QR earnings beaten. Chart is flatting. Slowly going through the resistances. It will last a while, but a gain can be huge. Stop loss : 12.30 Buy entry, anywhere above SP. Price targets : 1PT 18.62 2PT 24.16 3PT 28.53 4PT 32.26 5PT 36.22 6PT 50.17 7PT 58.40 8PT 67.49 9PT 75.23 10PT 86.94 Above that.... Noone knows. But i dont really believe it will go...
wave iv ended in ((a))((b))((c)) flat - balanced in time and size wave v unfolding violation of 1,2125/30 area and/or time delays in developing would invalidate the idea ALT: reconsider the abc hypothesis
Engtex just broke from corrective wave (flat) in monthly chart. Once first breakout and retracement done, next will wait for second breakout to the sky~ Is all about elliott wave analysis ✅ naked chart analysis, ❌ indicator (Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
motive wave down flat correction in wave IV target 1.2058 area FIB projection 1.618
wave (C) ended - wave (i) ledaing triangle wave (ii) flat - target area 1783/1789
Been hodling ZOM since Jan. I'm looking at the price action as a potential large degree flat to continue up. We might be stuck in limbo for the next month or so. If I see some bullish action around $1.33 - 61.8% retrace, I will be looking to add to the position. This might be considered a "hype" or "meme" stock, but I think they might be on the verge of something...
we are on the corrective wave , we expect a break of the channel and head to 0.7200 as medium target , we will buy the pullback as we miss the entry