as we can see H4 Price bounce from 23.6% fibo and wave 4 is completely formed. BTC is approaching to final (5) impulse wave and targeting the weak supply where we expect a sideway for a moment then may continue to fresh supply . I am new in publishing ideas please give me some likes if u like it and critics as well to improve my analytical skill. Thankyou and...
It might look a little complicated but i tried to make it as easy to understand as possible.In our big moves (i showed with black ) we are in the 3rd wave of our correction wave (c).
to zoom in the 3rd wave you see it has almost finished the 1st wave of it and it will go for correction in a bit.then it will fall down again,since that's gonna be our 3rd wave of...
It has finished first correction wave ( a ) and the 2nd one ( b ) which was an irregular correction , it's going up with our 3rd correction wave ( c ) which is 2nd correction wave for our bigger impulse ( b ) and then it will move bearish to finish our bigger impulse correction wave (c).
I don't know what to say,the chart speaks for itself.
It has almost finished the last impulse,correction wave.It's in the 5th wave of C atm which is an ending diagonal .
when it's done it is going to at least reach 20,000 $ or so
interesting facts:
wave 3 equals approximately 4.236 times the length of wave 1
wave 4 has retraced approximately 50% of wave 3 it also ended near the lower line of the blue trend channel (connecting end of wave 1, 2 &3 to draw)
Note
wave 4 could take a more complex formation such as triangle (very common structure for wave 4), but it probably won't stop...
Hello traders, and welcome to a new daily update regarding the German DAX.
On the Weekly time frame of DAX we see price trading in a nice and clear impulsive and bullish sequence up from 2009. We can see a nice five-wave movement up from the lows, with final wave (V) of a higher degree in play which can in weeks and months ahead take price towards the...
In the Elliot wave principle with fibonacci, if the swing failed to go beyond 61.8% to 38.2% of the previous impulsive swing, the market is pricing in correction size, and the previous swing direction remain as primary direction. The next impulsive wave will likely follow the same direction.
And this is what happening in WTI Crude Oil, the previous rally failed...
Long Term Daily Uptrend (yellow box) , hit top of channel, created channel within channel with lower highs and lower lows, Weekly Impulse Bearish can formulate. Try to secure sells as high as possible this week.
For the past week or so, Gold has been trading in a tight horizontal price channel, bound between 1205 and 1217. However today Gold has posted a new low just hovering above the 1200 mark.
Whole number points (1100, 1200, 1300) are incredibly significant in terms of trend analysis as they almost always show records of market hesitation before continuation in the...
Short and simple(the graph might be harder to read as there are some elements overlapping, but I'll explain them here).
By this point almost everyone knows what's going on.
Just today EURO/USD hit one of the wave 5 landing zones(1.62x wave 1) around 1.1432 , and immediately bounced back.
This is supported from the chart as the 100+200 week MA's, are around the...
With the double three correction complete, ETHUSD could be starting a motive wave.
There is a potential impulse wave 3 currently in progress. Wave 3 has already broke above the wave 1 high and has also hit a 1:1 extension of wave 1. Wave 3 will be invalidated if ETHUSD goes below the wave 2 low.
However, if ETHUSD drops below the 404 level, it could mean the...
I have labelled a five wave count and believe to be witnessing the unfolding of a C wave.
I do think the B wave may be a very short lived, shallow correction, almost a stall of price action before the C wave occurs.
RSI and MACD seems to be looking upside.
The moving average is approaching price action from below indicating upside also.
On this trade stops could...
Everything looks upward moving for CBI. Although a test came for dropping below the bottom at 12.10 on April 23, the bleeding stopped at 12.12. I believe the stock is currently in:
Grand Supercycle: 1
Supercycle: 5
Cycle: 1
Primary: 3
Intermediate: 1
Minor: 3
Minute: 3
This chart displays my projected path through end of August 2018.
The chart below is...
Gold seems to have finished the 5 wave pattern which my other gold prediction covered.
The five wave cycle has finished and has formed an A wave, is currently in the B wave and I am looking at any break of the short term trendline.
This would confirm downside.
I would not be surprised if the correction did retrace to the 50-61.8% of wave A before wave B...
Expecting gold to form a short correction like that of wave two.
Expecting another impulse up after correction is broken.
If confirmed, fifth wave can be expected to go to the 38.2 extension, with unlikely possibility of reaching the 61.8
XAUUSD.
Never looked into gold, trying to apply my analysis to as wider range as possible. Any feedback appreciated.
Thanks.
I should not say anything.
Because of the chart speaks itself.
For USDJPY, we have to think only buy side.
it does not matter how the chart will move.
the only matter is price will go up aggressively.
........................................................
I will post the update.
![EURUSD: [EURUSD] Golden Ratio Line](https://s3.tradingview.com/5/5ijFrQgz_mid.png "[EURUSD] Golden Ratio Line")
