This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Price is trading in a wave 4 phase; we are at interesting levels where we have the 38,2 and 50 Fibonacci levels. Soon price will move in the upside direction as wave 5. Wave 1 and 5 cannot overlap to validate this pattern. Price needs to make a new high.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
USDCHF is trading in a downtrend; the price will continue to move in the bearish direction. We are in an impulse move phase 1-2-3-4-5 sequence. Waves 1 and 4 are not overlapped making it a good pattern also the wave 1 and 2 are not equal. The downtrend wont last long but worth looking into.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Price is trading in bullish momentum, we have wave 5 as the extended wave on the blue degree. Often time wave 3 is the extended wave but in this case its wave 5 but remember wave 3 can never be the shortest wave of all the impulse phases on the impulse pattern.
Price is trading in an impulse move, I'm expecting a wave 5 drop soon whether on the current level which is the 50% or 61.8% Fibonacci level although the price can't break the marked-up level.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Price is trading in a short term downtrend on the 4hour to 1hour timeframe. We are in an impulse phase, in this case we have waves 1,2,3,4 and waiting for wave 5 completion which can offer a last wave sell-off. Its safe to say the dollar will be weak for the next few days.
USDZAR has been trading bullish in the long-term or higher timeframe, we are currently trading in a corrective phase as a 1-2-3-4-5 where wave 1-2-3-4 has already occurred and we are waiting for wave 5 completion. Wave 4 is a possible triangle pattern, keep in mind that waves 1 and 4 can not overlap so we can use that idea to use as stop loss or invalidation...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Before this takes off I could see one more drop to form a double bottom around 3580. Once we get that, a likely path to complete wave 5 (by May 2023) is as follows: (purple path) 4040 3758 4690 4335 5261 My method for projecting this was combining Elliot wave, gann, and proprietary techniques. I am not buying just yet but looking for discount over the coming days/week.