I can see a bigger wave 2 forming in red and a 3 wave forming in blue. What enforces the move up it is the 61% of retracement of wave 1 in red and 161% of wave 3 in blue. They are exactly in the same price zone . Let's see now Good luck
Entered at 180 looking to go further long waiting for a pull back 200-205 for further long positions. Enter 200-205 First target- 240 Second target- 260 Stop loss- Below 200 Happy Trading and a Merry Christmas :)
Hey Traders! My mate @ashalker and I have been looking into the U.S. Dollar Index. We see a clear motive wave (12345) or Elliott Impulse. We will look into smaller timeframes and look for buy setups! Carlos
- A Perfect Shark pattern has been completed and validated @ 145.185 and we have a good sell opportunity here. - But consider for the very very strong resistance level @ 143.230 we have to wait the pair to break it and retest it. - if the pair fail to go upward from this level after retest this resistance level @143.230 .. i will sell it for long position - So...
After an analisys, on the weekly we can see how the price shape a bullish harami. Going on the daily chart we can see that the price action in trend has started with a doji that will be a resistance point. Now we are a bit late with time for entry but the price pierced 38,2% Fibo. Anyway, I think we can go long with first target at the other Fibo level at 164,78...
2016/11/17. FTSE 100 stock index forecast for next months and years. FTSE 100 forecast for November 2016. The forecast for beginning of November 6899. Maximum value 7454, while minimum 6610. Averaged index value for month 6999. Index at the end 7032, change for November 1.93%. FTSE forecast for December 2016. The forecast for beginning of December 7032. Maximum...
I'm long on NZDUSD based on double bottom and bullish divergence on the 4hr RSI.
USD/JPY short term trend follow strategy. Strong pullback , strong support level , strong trend line, pivot point rejection. 75-80% probability.
Looks like we've an extended wave C. There is a ending diagonal triangle which suggest a trend reversal. Also you can see the bullish divergence de RSI is offering us. Notice that the price has broken the strong resistance around 11.54 levels. I thing this is just a market move to clean all easy longs around that price before the next bullish rally starts.
After the triangle we shoud expect a bullish rally till around 58-62. We are in the third wave (iii) within the major wave III. You can also see how the RSI is making a strong bullish divergence
Fundamentally good company compared to industry averages - www.reuters.com Bullish technical indicators showing confluence around the $12.50-$13 zone including: - ABCD pattern - 70.7% Fibonacci retracement level - 161.8 Fibonacci extension level - Trend channel resistance Good fundamentals and bullish technical indicators could extend the trend before...
Only looking for a short term quick play to go long on this one. Target around 1.48200. My apologies for not posting a thorough analysis due to lack of time.