Wave5
BTC/USD Bearish Pressure ContinuesBTCUSD has been trading in a bearish trend for the past at least 12 months with no sign of buying pressure, and from a technical perspective, it seems like we will continue selling off to complete wave 5 of an Elliott Wave Theory impulse move. Of course waves 1 and 5 are often equal so we can use that idea to help us predict the end of the fifth wave also by using Fibonacci multiple levels like the 61,8 or the 38,2 to identify the possible ending price for the fifth wave.
USDCHF Impulse CompletionUSDCHF 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.
#vtcusd buy setup #elliottwave wave 5.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.
USDCAD Trading In Wave 5 PhasePrice 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.
USD/ZAR Wave 5 Sell-OffUSDZAR 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 level. After wave 5 completion, we can expect a short-term corrective pattern in the upside direction before the last drop as a (c) wave.






















