Hello All TADAWUL:8200 Just to define the elliot wave on Saudi_Re TADAWUL:8200 , We can see the correction ABC is over of the 4th wave, and we should expect the 5th wave with a target of 12.00 SAR minimum :) My other thoughts is the whole wave is considered 1 :) we could be in the third wave of some degree :)
Gold is turning lower, now trading beneath channel support line so we see metal in a new corrective wave. It's wave B that can be looking for a support at 1330 or maybe even at 1307-1316 area if we consider that B wave normally retrace at least 38.2%. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice....
GBPNZD is trading lower, after a three-wave rally unfolded from 1.8617 level as part of wave 2. Current decline can now be part of a new bearish cycle, that may take days or weeks to fully unfolded, with sub-wave 1) leading the way. A closer look even suggest that sharp decline can be part of sub-wave 1), and can take price towards the 1.880 region, where...
GBPAUD made a sharp and strong bearish reversal lately; away from 1.7993 swing high, where a bigger three-wave A)-B)-C) correction found a top. Current reversal and break below the lower channel line is a suggestion for a change in trend. Once wave 1 fully unfolds, a new three-wave correction into wave 2 may follow with possible resistance around 1.750 price...
audcad is estimated to have finished forming correction wave with double combination pattern. may rise strongly as it will form the wave subdivision iii of the 3rd wave. the price will likely test the support at FE level 1, the reason is that the 3rd wave should not be the shortest in the impulse wave rule's. as per my previous long-term analysis, maybe this will...
Good day traders! Today, let's look at the 10 year US notes. 10 year US notes are surely bearish, and are falling quite nicely, away from 124'25 level of a former swing high, labeled as wave 2. This acceleration in potential five waves will be labeled as red wave 3, usually the strongest and sharpest wave. That said, if we observe closely, we can see that the...
USDJPY is showing us a bigger complex contracting correction in the making within red wave (B), which is also known as a Elliott wave triangle correction. We know that triangles appear prior to the final wave, which means more gains can come in play, once finished. Specifically we see price trading within wave E that can search for support near the lower triangle...
The Dow Jones industrial average is trading bullish, and can be trading at the end of a bigger impulsive wave. We are observing higher degree blue wave V, that can be searching for resistance and for a top around the 2550/2700 region, where the middle and upper Elliott wave channel line can offer resistance and turn price lower. Red sub-wave five of V is also...
Good evening traders! Today let's look at Crude oil. Here we see price trading in a bullish development, with price particularly unfolding final sub-wave 5) of three. Ideally upside for sub-wave 5) will be limited around the upper Elliott wave channel line, near the 63.00 region, and from there a three-wave pullback into blue wave 4 will start to unfold. ...
BITFINEX:LTCUSD jumped out of triangle more than 300% since last update and we warned about much higher levels, as you can see in related ideas. LTC is in a strong uptrend so we assume it's third wave and we may see even higher levels towards 380 level, out of current subwave 4 of III, so sooner or later LTC will continue it's bulltrend.
Silver found a low at the 15.57 level for higher degree wave C and reversed higher. Current rally that is on display can be a suggest for a bullish continuation; but as written on the chart we need five-waves higher for a confirmation for more upside. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment...
Good evening traders! We have seen a nice turn up on USDCAD following the BOC rate decision, so technicals once again turned out to be ahead of the news. We can see a sharp reaction to 1.2800, where is 161.8% extension target for wave three, so ideally that's a beginning of a new bullish leg, headed above 1.2908. Disclosure: Please be informed that information...
by looking at the market struture and movement. Price are completely making its abc wave that is to number 3 impulsive wave. We look for short opportunity to go sell. If price hitting stop loss, find the opportunity to go short at the second opportunity level.
Hi All, Self-explainatory and my bias is towards EUR being bull. This year has been completely EUR dominance and I don't suspect anything to change unless US goes to war with Nth Korea or if Trump gets impeached (ahhhh - that would be amazing) Happy Trading!
-Low RSI level -Can't retrace more than 61,8% fib level -Finished elliot impulsive wave in minor time-frame
EURUSD has turned up in the last two weeks; it broke above the channel resistance line that normally confirms a previously completed move; in our case that was finished a-b-c decline from September high. As such, it seems that wave four on a daily time frame came to an end about we talked a lot in the past which means that more gains may follow now within higher...
BITFINEX:EOSUSD A beautiful impulsive move at the initial lunch of EOS followed by Sharp A & B correction, then flat C correction. A bullish bar is present at the end of Wave C, creating a new impulsive wave up, certainly this is W5 which must exceed the high of the previous wave and score a new number. Buy now:0.800 Loss Stop:0.7499 Harbs
Good evening traders! Hope everybody had a good weekend; now let's start with quick peek of AUDJPY. AUDJPY is displaying a nice bearish reaction away from 89.07 region where red wave (2) had ended. We are now tracking wave (3) that must by the end of its run unfold five minor waves. On that note we are currently observing minor wave 3 of (3) that can search for...