Hello traders! After we forecast that BITCOIN will come and retest the top (if you are following us you already know), based on Elliott wave theory we are expecting the next wave UP and possible the last one (5th). We are using Fibonacci extented levels to see where the price could possible go. Watch the price action on lower time frames before entering the trade. ...
Hello traders! After the last strong up impuls, we are expecting a move UP for BITCOIN to come and retest the top again! Wait for the correction to end before enter the trade and watch the price action in lower timeframes.
TRADE WITH NO EMOTIONS!
ONMOBILE HAVING A STRONG SUPPORT AT 52 IN DAILY WEEKLY
RSI POSITIVE DIVERGENCE IN DAILY N WEEKLY
ABOVE 62 IT CAN GO TILL 76 AND 95
Twitter @vishalshah2210
Although this post is intended for the shorter term, even if we look at the bigger picture (Weekly TF) I can spot an Expanded Diagonal correction and we would now be at the final 5th leg of the sequence going up towards the upper level of the Diagonal. I will be posting the weekly chart for reference. Also as further confirmation we can see the formation a ...
We can see that the pair was strongly rejected by the upper level of the downward channel , therefore I'm expecting a probable zig-zag correction of what seems to be the 2nd Wave of 5 Wave move UP within an ABC Expanded Flat Correction . In regards to the larger degree, according to my perspective we are in the 4th wave of a 5 Wave move DOWN on a Weekly TF and I'm ...
EFX is looking strong... I have my order in today to get on the trend train.
But be cautious, they have many issues to iron out.
Some deep pullbacks to be expected, and can be potential opportunities to add to positions.
Looking at the bigger picture (Weekly timeframe) we can see that the pair is still in consolidation mode, specifically in an Expanded Flat Correction. Now looking further ahead I personally don't think that the pair will be going much much lower for the reason being that on the Monthly timeframe it has broken through a Major Downward trendline. Apart from that it ...
Hello Traders! After that strong impuls up that we had, we are expecting BITCOIN to retest the previous top. This will be a double top pattern. Don't force the trade. Watch the price action on lower time frames before entering the trade. TRADE WITH NO EMOTIONS!
The pair has been in consolidation for the past 2-3 months in what seems to be a Triangle correction according to my own wave analysis. It is now reaching the bottom level of the Triangle (C) and has shown a few signs of reversal and an opportunity to go long as indicated on the chart (Hammer + Divergence). Therefore I'll be waiting for a few more confirming ...
GBPCAD is under short term correction with Wave C in progress. Buying opportunity comes at 1.6250 levels @ 50 to 61.8% retracement zone where Wave A = Wave C for Zigzag correction with stoploss just below the current low around 1.5835 levels with targets around 1.7060 and higher.
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USDCAD long opportunity, potential head and shoulders. strengthening USD and seasonal oil decline... looking for a favorable entry or "next higher low"
Here are my thoughts on OMG as of today. We are looking for a small retrace from the 38%. It recently found it's new bottom and has tested the 38% fib a couple of times. After this next minor retrace down, we should see it come test 38 and break through making it's next movements to the next resistance.
Hello traders! We have a strong wick at this level, which may be the end of the correction. We are expecting a strong move UP. Watch the price action in lower time frames for buy setups. We are not interested to sell this pair. We are looking only for buy opportunities. Follow us for future updates. TRADE WITH NO EMOTIONS!
FX:AUDUSD Awaiting Correctional Wave ABC
Potential correction on Elliott Wave
Rules for Elliot Wave
Wave 3 can never be the shortest impulse wave
Wave 2 can never go beyond the start of Wave 1
Wave 4 can never cross in the same price area as Wave 1
Support Level: 0.7750
Stop Loss: 0.7740
Target: 0.7928
Risk to Reward: 1:5
