Wave five as shown on the chart might terminate crude oil medium term top. There is possibility for retracement back to
45.75 then making a new high at 46.8/47 area. before falling.
@basraoil
EW count of USDCAD
1A fibo target to the wave 5
The alternative could be a running 4 with one more low.
...but the ending diagonal triangle looks good.
I tried a small high risk longtrade at 1,25926 with stop at 1,25712 (under the low)
GBPUSD continues bullish however we have what looks like completion of a 3rd wave.
Trying something different so my stops are wider than usual.
Sell 1.4585 TP 1.4455 (1.28 Reward:Risk)
Sell 1.4575 TP 1.4390 (0.98 Risk)
4th wave will likely target anywhere from 1.4350 to 1.4480
Oscillators - we have divergence on the stochastic RSI but not the RSI. H3 shows RSI...
With the breaking of the top of this triangle we just completed Stage 2 confirmation of the non-limiting triangle, meaning that we are about to get a very violent leg up from here. Since the exact position of this non-limiting triangle is unclear it isn't exactly clear what kind of path this is going to follow but it will most likely be followed by another :3...
Hi all,
This count sees a reversal in the near future in the direction of the dominant trend. The construction of higher highs will confirm the continued development of the motive structure labelled at subminuette degree orange which upon its completion will consequently mark the termination of the last actionary corrective wave at minute degree - minute wave y...
Look at this chart of the USDJPY with weekly candles. It would make sense to at least surmise that there is a temporary top in place. Should we be looking to go long? or short? Below 116.00 should confirm the top for now. The price action from Feb 2nd is twice the average daily range. There are many possible Elliott Wave counts on this. 3 in particular that all...
Ending Diagonal spotted on the GBPCAD. Another good indicator is the RSI. The RSI is making higher lows when price is making lower lows.
Ending Diagonals make you work for them. The safest way to trade them is to wait for a breakout and enter on a pullback using your own strategy.
