wave c will continue to end at 8200usd (bittrex). That ponit is the end of correction.
The same count still applies as per my previous count but I am getting more and more convinced that this upcoming wave C will have a massive dropped when the FEDs hike up the FFR tonight! As per my previous count, I am up 150pips, and looking to close a further 1100pips at the close of the gap at 1.07359 - EXCITING TIMES AHEAD! Wave C possible extensions are...
On September 14 I called for the completion of the B-wave triangle. All it would take was a break above 49.42, this resistance was broken on the very same day. This confirms that wave C higher towards 67.27 now is developing. In addition to the complete B-wave triangle. A inverse S/H/S bottom can be seen, This formation calls for a calculated rally to 58.89.
Bitcoin is currently correcting in wave 4. My preferred count for wave 4 is, that a running triangle is developing. Wave C is currently unfolding and should see support near 3,300 for a rally in wave D closer to 4,378 or slightly above. Before turning lower in wave E to complete wave 4 and setting the stage for a strong rally in wave 5. The ongoing decline in...
Crude oil is just a split hair from confirming that the triangle consolidation in wave B is complete and wave C higher to 67.20 is developing. A break above minor resistance at 49.42 will be the first strong indication that wave B has completed and wave C higher is developing, while a break above the top of wave D/ at 50.43 will confirm the expected rally higher...
Brent Crude Oil bottomed at the modified Pitchfork support-line near 27.00 and has since rallied nicely higher. Brent Crude Oil is now break the resistance-line from the May 2015 high at 69.59, which calls for a continuation higher towards 70.00, which also is where the pitchfork resistance-line is seen in mid-December 2017. Depending on the price-action after...
ETHUSD Update: Price action is stuck within the 324 to 334 minor resistance zone. I am still waiting for a retest of the 306 to mid 290s support for an opportunity to buy back in. It is a waiting game. At the moment price is fluctuating with no progress in either direction. These coins seem to take turns and go in spurts, and in order to attract order flow, this...
Hi All, It's been a while since I posted so thought I'd update a quick count on this pair as I am anticipating a shape wave C short for the upcoming week and possibly the next few weeks. Since my last post, we saw EU spike up back to the levels back when Trump won the US elections last year; and now, EU is in a corrective wave down to potentially close the gap...
As we can see this pair is in a sideways correction with wave B close to its end. We are looking for a bullish five wave C to take place during the coming weeks. P.S: This content is for educational purposes and discussion. Good luck.
Hi All, I've been following all USD pairs closely and I am anticipating a buy back from the dollar across the major USD pairs and AUD looks like it is will follow suit. I've been tracking this pair since the low made in Jan of 0.6822 and post the impulse up, a corrective structure has been in play that has been a bit confusing but this count makes good sense from...
GBPCAD seems to have a potential move down as a C wave, we have to wait for B to finish and then sell as the price action break below (b). P.S: This content is for educational purposes and discussion. Good luck.
Hi All, Ive been racking my brains to see why EUR keeps rallying even though maximum fib extensions of 686% has been reached; but I think I have a possible solution which makes perfect sense! IT'S A FLAT CORRECTION!!!!!! (3-3-5) In the bigger picture from my previous post, I am expecting a bigger ABC correction to close the gap which I think is still...
Hi All, Most people have been posting the same count and I am no different as I am I have a wave C now in play to close the gap before moving up for a BIG Long. Please see the updated count. Cheers Don
It seems Starbucks is continuing it's uptrend price action (Daily Chart) with a possible LONG entry based on a Bearish Cypher pattern formation if it becomes validated on the Hourly chart, to complete a Wave C correction/consolidation. Chart pattern suggests a high probability trade going LONG on this in continuation of uptrend, based on an Impulse Wave 1...
I am looking for higher in a 3rd Wave of a C Wave. I would put a stop under the last low around .746 if you are going long.
It seems there is a good chance that we have a possible SHORT on breakout of structure (after fibonacci move) Possible Entry#1. MACD, RSI and Stochastic all indicate bearish trend and overbought status. SMA indicates current bullish movement, which is expected to form a corrective structure before a SHORT setup can be taken. Harmonics suggest possible formation...