The AEX index has been in the grip of a slow consolidation movement. Currently, price has been moving back towards the upper region and in combination with RSI divergence it seems the index is ready to break out. If so, that would mark the end of a wave 4 correction so that we can focus on the last move upwards which would end somewhere around 630 points. For now...
Im looking for a last leg up towards the February top near 30.000 before I expect a larger correction. Perhaps the 5 wave correction is already finished but I see a bit more room down (circa 300 points). Next week the bulls should show their faces or else its to the graveyard with this one. For the longer term its important to quickly conquer that February top...
We are nearly at the end of a large wave. The fifth wave is often the slowest one, as it is this time. You can see price movement has difficulty getting towards that previous top. The question is, will bulls be able to push that price above the February top or not? That's a very important factor for the coming months/years as it will tell us how strong the next...
As you can see on the chart, both EngineeringRobo and I are both bearish about WAVE at the moment. If you're holding WAVE, you should be selling right away with the descending triangle shape emerging in the chart. If you're looking to buy, you can buy at the support level (1.033) or wait for EngineeringRobo buy signals. What ever level you choose to buy or...
The Chart speaks for it self a potential Elliot wave formation coming up. this chart will have lots of corrections but it should be within the limit of this Analysis in my view ***chart analysis posts doesn't mean it's guaranteed but it could be used as reference and educational so please trade with care*** if you are happy click like and share :)
TVC:UKOIL is heading to the $100 zone in the coming few years (2-5 yrs.) according to this bullish Wolfe Wave structure.
As we can see on the chart we have broken through the upward channel and we are ready for a correction. The correction on theory should have the TP1 target, but I think there is something else that could be going on. I have the following fundamental reasons for thinking that we will see much deeper drop: - The elections are comming in America and this creates a...
Depending on where you count elliot wave. Tesla is either in its 4th wave and heading into its 5th wave. or just completed its A wave, heading back up to its B wave which should be around $450, and then heading down to either $220 or $77 which would be its C wave before it continues in the bullish direction
Maybe we will see $158 before it follows the trend back down.
Nifty has bearish wolfewave on 2 and 4 hr TF with RSI Trendline resistance. 11300 and 11200 is minimum target for nifty. As its formed on higher timeframe so it might take 2-3 days to perform but as per my analysis wolfe wave never miss the target, Most reliable pattern i have seen in my trading career.stop loss would be high of yesterday. If yesterday high...
Target 11800 Entry anywhere 10030 SL below last wick
Hey tradomaniacs, welcome to a new free trading-setup. NOTICE: This is meant to be a preparation for you! As always we will have to wait fro a confirmation. GBP/CHF: Daytrade-Preparation Market-Sell-Order: 1,20630 Stop-Loss: 1,21285 Target 1: 1,20000 Target 2: 1,19690 Target 3: 1,18075 Stop-Loss: 65,5 pips Risk: 0,5% - 1% Risk-Reward: 2,50 ...
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge.
just a possibility
After finishing the 5 waves NYSE:UBER has formed a bullish Wolfe Waves and I think it's now in the sixth wave - on its way to the target - which is in the $40 area.