EDIT 2: This chart was the obvious winner... Wave 2 are rarely triangles. This is the alternate count that I am currently favoring over the last chart I published (). Looking at the 3H and above there is a pretty big bullish divergence all the way up to the 12H. My original thinking, that I published in my other chart, was that since wave v (on the current...
Great place to start re-opening shorts with a tight stop-loss. Counts on the lower time-frames support the ending of Wave 5 of 5 of c of 2 of (3) There's also a big bearish momentum divergence on the AO at this time-frame and a 62% retracement of wave 1 of (3). Since this appears to be a Wave 3 of (3) on the horizon the next drop will be extremely strong. Bulls...
I still do not like longs on most of ags, unless you aim short term and get orthodox with your stops. Since my previous post about one month ago (see link below), SB11 is keeping its pace moving downstairs. At this point in time I see no signs of reversal, instead, my reading says we are about to “dive the five”. What comes after that remains to be seen. It is...
Wave 1 (subdivided in 5 subwaves) has ended at 231. We will have a wave iii of 3 of C (C is a third wave) so we should have massive volume, price could go really low. Now we should get a small retracement before wave 3 begins.
Frankly, I could come up with a variety of counts for the market right now. About 4 counts say that the market has reached a top and we should be ready for a minor correction till July and then prepare ourselves for a bull market again. Analyzing the expanding ending diagonal proved to be tough. We could go up to the resistance zone indicated by the box and go...
Theory: In the previous wave structure linked to this idea, I said that maybe the purple wave retraced 38.2%, and the yellow wave retraced 50%, so maybe the pink wave would retrace to the next fib level of 61.8%, but now I adjusted it to where that pattern didn't hold, and it actually was more consistent with the yellow and purple waves at between 50% and 38.2%...
The AUDUSD is poised to break below it's support. The last polls shows 5 times more analyst expecting a rate cut of 25bps for the next April 7th meeting than the previous weeks. 78% chances for rate cut priced by the Mkts (Rtrs). Even when previously have more preference for the gray wave count, the break below the wave ii (gray) discard this idea and places more...
The best advice I could ever give anyone about the market is to "Want What the Market Wants." Do not want what you want , that will produce anxiety and doubt. Align your personal beliefs with that of the market and then trading will flow like a calm river of success. So that raises the question: What does the market want? On a weekly timeframe, the market has...
If dax gets above 11850 it could start a new Wave. If it can't break that level there should be a bigger retracement.
Watch to 57.77$ level if broke now (without going up and down) then long to 72$
with alternative scenario Global picture Steel in wave (B) of fave 4
Today to "celebrate" the first time in 15 years of the Nasdaq above the 5000 publish this Nasdaq 100 fut. long term wave count The chart is logarithmic. We can observe a 5 wave decline from the last peek at 4856 followed for a more slow upward movement that I can't precise due the lack of historic if its a new impulsive fase or part of something else. The...
Please refer to the description in the analysis for information on this setup. Feel free to comment below for any questions or suggestions regarding my analysis. Thanks MaiTrader
i think we have to high price for apple , and i think apple will be very expensive , it's going down for along time in feature
Here is my contribution to the nice ichimoku analysis done by Kumowizard and posted at www.tradingview.com The wave count on the weekly chart reinforces the idea that bears will keep control on the mid/long-term. At this point in time it is pretty safe to assume that intermediate-3 is consolidated retracing the full 2.618 ratio and suggesting this would be an...
Added some historic peak and valley lines. 3_EMA dives under 30_EMA Elliot Wave Analysis - End of : Primary 3 and 5 Cycle 5 SuperCycle 3 and 5 GrandSuperCycle 5 All 3 cycles should make a lower 4 cycle before a slightly higher 5 All 5 cycles should make a ABC retrace that lines up with the bespoke 3 cycle continuation Possible retrace to point C testing...