Price has been trading bullish for a while now, price has formed an Ending contracting diagonal pattern on the bearish direction. More likely we are on the bigger impulse move correction. Ending Diagonal patterns signals the end of a trend and occur on wave 5 and C. The bearishness will still continue for the next couple of weeks.
GBPUSD has been trading in a bearish trend for a long time now and its safe to say as we broke the 1.14010 low. But on the 4 hour timeframe we saw a complete clear impulse move which all guidelines are not violated so we can possible expect a correction to the upside in this case I wouldn't suggest an impulse move up as we realise overall we are in a strong...
The 4H chart is stuck in a consolidation which could be a potential Triangle formation on the bullish side. We are in a bullish impulse wave.
USOIL price will continue droping the next week after the pullback that happend these days, we've see that price has retasted the previuos area of demand and it turned into an offer area, also we've detected a bearish diverence in RSI, so, the pullback has ended and now is the turn for the bears to take over the market.
XAUUSD Analysis The possibility of GOLD to buy are slightly high, but we do have to look at the old low which can be used as an invalidation level as waves 1 and 2 are never equal. We could potentially see price rally we reached the 78.6 Fibonacci golden zone. And the recent down wave looks to be corrective than impulsive. EURGBP Analysis The upside is...
EURUSD Analysis The euro has been weakening for a while trading to an old time low in years. From a Technical view we are most likely to see pullbacks in the upside direction how long they will take it hard to tell now but considering that we can have short term opportunities. Looking at previous pullbacks we can see it doesn't last forever in Elliott Wave Theory...
For this week, we're expecting EURUSD to keep its downtrend until Thursday where there is EUR Interest Rate event, which could be a catalyst for a Market Reversal on Thursday. However, from Monday to Thursday Morning, I'm expecting a continuation of the downtrend to clear last week's lows and potentially clear the low at 0.9860.
NAS100 We are trading in a bullish trend overall but on a smaller scale we will see fractals which in this case is an impulse move. We are trading at a 4th wave phase soon we sill see wave 5 completes soon before seeing the bigger pullback. Whether the 4th wave will move from the 38,2% Fibonacci level or the 50% its hard to tell but either way that doesn't...
GBPUSD Price is trading sideways as a corrective pattern which is a contractive bearish Triangle. On the bigger degree we are in a wave 4 phase and looking to complete the wave 5 phase. We have to see the wave E complete before seeing the next drop. XAUUSD We have an impulse sequence unfolding on the bearish direction. Waves 1 and 4 not overlapped and we are...
#FTM/USDT LONG TRADE SETUP FTM/USDT breakout and retest Target:- 7% to 10% SL:- $0.2966 Lev:- 10x-20x Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Do hit the like button if you like it and share your...
Recently we saw a Diagonal pattern structure, which in this case its double sided based on what the market is showing us now. The push up could be in a Zig-Zag correction pattern form suggesting we will see a sell-off to make a new low, then the second count suggest that the bullishness will still continue. From a Wednesday the USD will gain strength what this...
The JPY is still strong for next week expecting XXXJPY to sell off, the USD will weaken for the first two days and gain strength from Wednesday with the FOMC. From a Technical aspect, XXXJPY is correcting and USDXXX is completing the correcting and getting ready for a rally, and the opposite for USDXXX we have to see a drop maybe not massive.
XAUUSD is in a bullish sequence (impulse pattern) the pattern is valid as wave 3 is not the shortest wave and waves 1 and 4 not overlapped. Wave 5 is an Ending Contracting Diagonal pattern most likely we see a sell-off soon. Its gonna be hard to tell how deep the downside will last when considering trading the 1 and 4 hour but lower timeframe can offer good...
The USDJPY has trading bullish for years now and it's safe to say the bullish direction is still intact. From a different timeframes analysis, we are in a bullish trend, note what may be true on the higher timeframe may be opposite on lower timeframes. On the monthly timeframe we can say we are in an impulse move and also a correction up applies. From a...
Technical analysis is a useful tool to help us pre-determine market direction before hand. We are in a wave 5 phase of Elliott Wave Theory impulse move. Impulse moves are very easy to understand and are very basic if you talk about Elliott Wave people think of impulses, waves 1 and 4 never overlaps wave 3 never the shortest. To confirm this is an impulse move we...
ETHUSD trading on a downtrend for quite some time now we recently saw a reversal as an impulse move. We have two different alternative counts but particularly in the same direction which would be the downside of a wave 2 correction. Both counts are valid and make sense as they do not violate any guidelines/rules of Elliott Wave Theory. One count suggesting the...
SPX is trading in an impulse move similarly to the Nas100 on the 4 Hour timeframe. Things we know about an impulse move is that wave 1 and 4 never overlaps therefore we can use that idea as an invalidation level for the pattern. Trading the pullback can be tricky considering the timeframe we are at and also the phase but on a lower timeframe like 5 to 15 minutes...
In this video, we go over the analysis of WTI, USDCAD, USDCHF, and AUDJPY. With the dollar gaining strength it's most likely we will see XXXUSD sell-off USDXXX rallying the USD has been strong pre-Nonfarm Payrolls. The JPY is weak with the Taiwan stuff we will continue moving in the upside direction on XXXJPY pairs.