I JUST COUNT THIS SEQUENCE OF WAVES. AS YOU CAN SEE I STARTED WITH A 5 WAVE PATTERN AND FINISHED WITH A WXYXZ PATTERN. THE WXYXZ PATTERN HAS MADE A BULLISH CHANNEL. ALSO IF YOU SEE CLOSE THE CANDLE OF THE Z POINT, THE CANDLE HAS A WICK AND CLOSE BELOW THE 61%. THE CANDLES THAT FOLLOW THIS ONE CANT BREAK THE 61FIB AND THEY ARE JUST AT AN IMPORTANT AREA. SO, BY...
Bear Wolf near SR level. SR level only can be seen in Weekly TF
Bearish Wolfe Wave formed near SR level.
Bearish Wolfe Wave formed near SR level and supply area
Wolfe Wave forming near strong SR level and Demand area. Only go for long position when after price break out 1-3 line and reenter 1-3 line.
Wait for the price to break the 1-3 line and reached the 127.2% or 161.8% Fib level and reenter 1-3 line before taking a short position.
Bearish Wolfe Wave formed near SR level and Supply area. Price also has reached 127% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move
Hi All, This idea is based on YuzukiChan's idea (thank you vey much!). Agree with Elliot waves structure - we had 5 waves impulse, then we had abc correction, now we starter impulse and withing this we had smaller correction impulse. Targets are 1st - little below last top (this is also 127.1% of fibo extenstion from small correction move) (RR - ca 7.5 2nd...
A 5 wave formation has finished, I suspect an ABC pull back to somewhere around the 38.2% fib retracement. Risking only .67 on the trade, with a 2.84 target or 14.01%.
Bullish Wolfe Wave formed near Demand area. A good Wolfe Wave should react at 127% or 162% Fib level . Only go for a long position when the price has broken the 1-3 trend line and showing reversal move.
Bearish Wolfe Wave formed near SR level and Supply area. Price also has reached coming up to 161.8% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move
Bearish Wolfe Wave formed near SR level and Supply area. Price also has reached coming up to 161.8% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move
Bearish Wolfe Wave formed near strong SR level and Supply area. Price also has reached 127% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move.
Bullish Wolfe Wave formed near strong SR level and Supply area. Price also has reached 161.8% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move.
Using MACD line crossing the "0" line as a noise filter and confirmation of a wave formation. Each cross confirms peak/trough formed in between, and we're using it in our timeframe (no subcounts)
Here we see a butterfly pattern completed on the Eur Aud 30 min chart. We know that butterfly patterns often rally to the 1.618 extension of the BC leg, so that is where our limit is at. Our entry is at point B and our stop is at point D, giving us a 1.39 risk to reward. I believe the rally will take place over the next few hours. Thanks for checking us out,...
Bullish Wolfe Wave formed near Demand area. A good Wolfe Wave should react at 127% or 162% Fib level. Only go for a long position when the price has broken the 1-3 trendline and showing reversal move.