Its look like meaking leading diameter If third wave becoming 3 microwave we can accept it but dont forget Fourth wave should become 3 microwave dont forget stop loss and dont forget gap price in 4h time frame
Could Barrick Gold make a multi year Leading Diagonal? Could we see $37 in Sept 2021 hitting the 161.8% extension of wave 1? Then to retrace 38.2% by March 2024 to $24 before finishing the leading diagonal at $55 in March 2026 Could the leading diagonal end at the previous ATH back in 2011? Such a long term estimate is difficult but I would like to come back to...
This is a really bad time to be buying on shorter time frames, it's making a leading diagonal shape likely to dump lower. I am not shorting it since cryptos are bullish on all larger time frames but it would be a really bad idea to buy this thinking tomorrow it will be higher. It has a very high chance of shooting back to a support level from here.
Hi guys, the NZDCHF has been in a complex correction for quite some time now, while that correction has come to an end as per my labeling - price then proceeded to move in a range like manner but taking a closer detailed look into that range you come to realize it has actually been setting/formulating a leading diagonal + a 3 wave move ( 7 wave swing) to the...
This is my current views and estimate of the current Bitcoin movements. It seems to me that the move from Dec 16th to Jan 20th has made a Leading Diagonal as a wave 1. Currently we seem to be losing short term momentum and am thinking we will make wave 2 of wave 3 in a cycle. Wave counts were made using Fibonacci retracement and extension tools but are rough estimates.
I'm keeping this chart as a possible play. Leading diagonal (3-3-3-3-3). Lets see how well this ages.
Good morning traders, The EURUSD appears to be forming the c leg of wave 4. Once this wave has completed we are looking to go long on wave 5. Wave 5 will also have 5 sub waves providing opportunity to enter further positions on pull backs. Wave 5 will need to reach at least the peak of wave 3, meaning 1.1240 can provide an initial target. 1.1020 will also...
There are certainly plenty of valid bearish and more bullish short term alternatives, but this is my current primary count. Looks like lots of 3 waves so its either a leading diagonal or a bearish WXY and we see a lower low or there is an even bigger bull count of 12 12 12, but that seems least probable. If this is a leading diagonal it seems we are at least...
Good morning traders, We are looking at a potential leading diagonal for the EURGBP A leading diagonal consists of five waves, labeled 1-2-3-4-5. Waves 2 and 4 are always corrective, Wave 1 is usually the longest Wave 3 cannot be the shortest among waves 1,3 and 5. Waves 1 and 4 overlap Leading diagonals occur in the position of the first wave of an impulse...
Good evening traders, We are testing out some Elliott wave analysis. We are currently watching the GBPCAD as we could be looking at a leading diagonal. A leading diagonal consists of five waves, labeled 1-2-3-4-5. Waves 2 and 4 are always corrective, Wave 1 is usually the longest Wave 3 cannot be the shortest among waves 1,3 and 5. Waves 1 and 4...
EURUSD triangle structure seems to suggest that we have a little more upside correction left before turning lower. The test could take place near 1.13, the 78.6% Fibonacci and also a price/trendline intersection. Both MACD and the RSI support short-term bulls! If successful, the chances of reaching a fresh multiyear low would increase. Trade safe Stavros...
1. Resistance zone. 2. Rejection from this zone on 1h. 3. Wide Divergence on MACD. 4. 5th wave is going to finish. 5. It seems to be a Leading Diagonals. Let's see what happen next ;) cheers
AUDJPY may go down now for the correction of the Leading Diagonal. There is also divergence. It there is high probability to make a move to the downside. So, look for SELL.