GBPJPY pair is still at the highs on a daily chart, which looks like a consolidation within uptrend, ideally as a bigger bullish running triangle pattern within higher degree wave (4). The running triangle is a region of horizontal price movement, a consolidation of a prior move, and it is composed of "threes." That means each of the A-B-C-D-E waves have three...
Elon Musk said yesterday that Twitter users who have created fictitious profiles impersonating other users without labeling them as “parodies” will be permanently banned from the said social networking platform without warning. In a separate post on Twitter, Musk said that in the past, the platform would issue a warning before suspending a profile, but as Twitter...
Hello traders, today we will talk about copper, its price action from technical point of view and wave structure from Elliott wave perspective. Copper is trading sideways since May 2021 and we see it trapped in consolidation, ideally within a bullish running triangle pattern in wave (4). Triangles are overlapping five wave affairs A-B-C-D-E that subdivide...
I'm not very bullish right now due to rising interest rates, and tightening monetary supply - but over looking the daily chart, I seen this potential set up. The play would be buying near (5) - the support at the bottom of the triangle, with your stop set just below support.
Hello traders! Today we will talk about AUDJPY pair and its price action from technical point of view and wave structure from Elliott Wave perspective. AUDJPY is in a sideways consolidation since May 2021 and looks like a triangle pattern. Triangles are continuation patterns, which consist of five waves A-B-C-D-E and with current break above upper triangle line,...
Here is my last post about the TAIEX: The triangle I labeled is actually a triangle in a smaller degree, the wave 5 I anticipated is actually the 5th wave of wave iii Now TAIEX is forming another running triangle, which should follow a "thrust" to wave v
BTCUSD - Elliott wave – update - running triangle in wave (iv) let see price evolution key level wave d 40055 wave c 37284
While the daily chart remains neutral, on lower timeframes the sentiment is Bearish. Here we can spot a couple of signals that give credence to this bias: - The formation and execution of a Running Triangle (white ABCDE Triangle Wave). - Bearish hidden divergence on the RSI and MACD (yellow lines). - The EMA 10 (baby blue) and MA 20 (yellow) crossing the MA 50...
The price of TAIEX has been going up after bottomed at 2020/3/19, and it used 2 months to form a Running Triangle (2021/1/21-2021/3/25), therefore I expect the price is now heading to the last wave According to my point of view, the micro wave 1 and 3 has finished, it will be invalided when the price goes above 17819.78 Furthermore, another "evidence" also...
Hello traders! Let's talk about Bitcoin. Everyone is already turning bearish, but no one noticed a potential running triangle pattern. Well, Bitcoin is trading sideways for the last couple of days, which more and more looks like a correction in wave (iv) that can be either a running triangle pattern or maybe even a deeper three-wave setback down to 4650...
I wanted to update and post charts today and do a video (maybe later), but my A/C broke and my office is upstairs in a sauna. But I just wanted to post GBP/USD if anyone is trading it and wondering what's going on with it. At this point, that is what we have. The .618 level is below it... (Gcad hit its .618, hopefully you caught that but don't just go entering a...
I hope you enjoyed my Ethereum idea I posted two days ago. Bitcoin's chart looks similar to my Ethereum chart on a larger timeframe. Bitcoin is forming a Running Triangle on the daily timeframe. If it completes this pattern it should drop to around the $7k mark to complete wave E. If it decides to do what Running Triangles usually do it should then breakdown...
My last BTC post mentioned the running triangle formation signalling continuation just after price rocketed upward on 4/12. That continuation eventually reversed at the dark red resistance line. I've noticed the same running triangle pattern may be forming on the larger consolidation we're going through right now. FRACTALS! Just for education purposes, the...
Ok, I will try this 1 more time. I will look to scalp to that zone, get scalp to break even and see if it will break the high.
EZ broke the low of this wave 4 flag and has produced some price action that makes it look like it may want to make one last high and complete a large running triangle before it goes down further. Like I said, high risk.... You can refer to my other mark up
Go head, work it girl!!!!!! I'm still holding my buy and I'm cool with whatever, but do you see how and why these patterns form?? And keep in mind that running triangle can become a bigger one with one more little move down to break trend line. But I bet there's a lot of sells with there stop above the high it made..........
I have an alarm set at 15.143 and will be watching this. If E breaks trend line and confirms will be very nice sell. There was a perfect buy setup that I didn't take, can't remember why, but not the best entry point on the buy right this moment. The sell will be the real trade. The overall pattern in the bigger picture makes sense for a 5 wave.