FX:CADJPY Double bottom. It can work as reversal, but first things first, we have a neck to break, that will validate the double bottom; I think the Bears still are on control, we have no divergence on RSI and IF so, we have a cluster zone where the price "should" land around the $74 and $72; (4h chart showing strong bears pressure...) GARTLEY Point...
FX:XAUUSD The Structure Breakout, test it, buy it... (The Precious is broking the weekly structure, we should see this metal enter in a bullish momentum): Support & Resistance levels: resistanceD1- 1253.08 resistanceH1 - 1279.555 resistanceH4 - 1267.989 resistanceMN1 - 1191.302 resistanceW1 - 1263.13 ------------------------------------ supportD1 -...
FX_IDC:AUDUSD iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave); wave 4 = 38.2% to 50% of wave 3 (can never overlap wave 1 ); wave 5 = wave 1 CORRECTiON: Wave A = usually around the...
FX:EURUSD My expectations: 1. Bullish momentum, first target around the 161% extension of wave 1, a correction that can not cross the top of wave 1 as wave 4, and a new wave 5=wave 1 will terminate the first Major Wave 1 >> correction... 2. New Major impulse wave target the 161% extension of wave 1 (major), this will forge a Bearish Gartley pattern @1.130$; ...
FX:NZDCAD Bulls Mode: . Expecting Bearish RSI Divergence and a pull back (wave 2); . Wave 3 targeting the 161% extension of wave 1; . New pull back that can not cross wave 1 top; . Wave 5=wave 1 target @0.9250$ Bears Mode @61.8% from previous move (A to B); AB=CD target @0.8735$ Safe trades; open.spotify.com
FX:EURCHF EURCHF Safe Trades;
NASDAQ:AAPL Safe Trades ;)
FX:GBPAUD Wait a test of previous structure after the breakout; BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can...
zigzag ends at the previous trendline. there is a good opportunity to buy for another impulse.
We now have a nice little Inverse S/H/S pattern in place and yesterday we saw a Cup with handle being triggered for a rally to the calculated target of 1,150. From an Elliott Wave point of view, an large ending diagonal most likely terminated with the test of 1,046 and if this count proves correct, then the target becomes the origin of the ending diagonal, which...
USDCAD Continuation of the Impulse
ABC wave pattern seems to be complete. But is the correction complete yet? Looking at last weeks price action we cannot discard a prolonged flat correction . But I will still be looking for long opportunities, as I expect wave 3 to the upside.
An ABCD corrective move could end up at a significant daily resistance. Bullish Gartley potentially retesting the upper band of an already broken descending channel could be use as buy entry level to ride the BC leg of the entire "big" correction.
FX:XAUUSD This can be part of another corrective wave like an ABC, synced with an eventual ABCD pattern, to then sink again, and in that case we can sell the structure ("channel") breakout. OR it can be the start of wave 3 of a 5 of an impulse, that will send the price to go test the previous structure "channel" from weekly chart. - you can also zoom out on...
EURUSD may be entering a strong rally through wave-iii-of-(iii), providing an opportunity to take a long position with a R/R of 9.36. The larger C-wave is an expected 5-wave impulse considering wave-A was also counted as 5 waves (5-3-5 zig-zag). Since a bullish 5-wave-(i) was corrected by a zig-zag decline and a price was rejected at the .786% retracement of (i),...
On the daily time frame, price has been rejected at the PRZ of two larger harmonic bullish patterns (Bat + Gartley). The rejection was swift with a 5 wave bullish impulse, followed by a triangle correction and another small impulse to complete a 3 wave pattern (labeled here as (A) of a possible zig-zag correction). Now we are nearing the completion of a bullish...
FX:GBPAUD Safe trades;