Eurusd is moving into a corrective structure into a nice rising channel. Price needs to move a little more to the down in order to complete a bullish gartley pattern with its D point exactly at the support line of the channel. In addition we can see in the chart that after the gartley pattern completes, it needs one more wave up to the resistance of the channel...
Looking at 4H chart of AUDCAD we can clearly see that price has formed a complete elliott wave cycle. Price went down in 5 waves, and after a typical divergence with RSI it moved up into a correction in 3 waves ABC reaching 0.618 of the impulsive leg (waves 1-5). A very classic cycle.. Having in mind that we are in an overall downtrend this is a very nice setup...
Looking at higher timeframes in AUDJPY things look quite clear. Price is moving in a channel forming wave C and it looks like we are at the beggining of wave 4 of a smaller cycle in wave C.. Although it would be better for us to wait for wave 4 to complete we can still find good opportunities in it to buy. Like & Comment :)
After a sharp impulsive leg price is into a corrective mode. In the chart price looks like is entering a high probability sell zone. Reasons: - Point (C) is at 0.786 of the impulsive leg and 1.27 of the XA leg. - XA = BC - At (C) point we find strong resistance from previous structure - Overall trend is down *This is my first idea in tradingview. I hope i'll...
Price broke a short term reristance level (corrective structure) giving us a nice buy setup. Entry Point: 2.44340 Stoploss: 2.42650 Profit Target: 2.48100 * Please like and comment if you agree :)
Daily and weekly trends seem to be going up, while the monthly trend is going down.
Many traders were confused by Friday's post-NFP rebound in EUR/USD. Actually, this pair has been a source of confusion for quite a while, which, for example, led JPMorgan analysts to call it 'random price action' in a client's note. Generally, when market participants have a hard time explaining price swings, we are in a 4th wave or wave B position in terms of...
Although Procter & Gamble delivered quarterly profit that topped expectations on Thursday, it marked the sixth-straight drop in sales. Revenue of $17.79 billion was below forecasts and lower than last year's $20.16 billion, as P&G continued to be weighed down by a stronger dollar that stripped the value of overseas sales. More pressure is yet to come as the Fed...
Will the Chinese markets go down in the same manner as Oil did in 2014? Here I am presenting the resemblance between the correction in Chinese Stock market and Oil. Chinese Stock market is, most probably, in the C corrective wave and now heading to new lows (mid-to-long-term). Usually wave analysis differ between stocks and commodities but the bull run between...
(apologies for the messy confusing graph, just how I understand) Still expecting the market to reach the original target of at least 1.56720 in the long term. In the more short term, the market may follow the "more likely" red arrows and fall just above the 0.382 into the blue area before continue to go long until the "less likely" weaker resistance around...
This is my first published personal trading idea depending on Elliott Wave analysis. wave 5 projection is equal to wave 1. wave 4 might be complex correction due to the fact that wave 2 is a zig-zag correction. The distance between the red trend lines are equal. I am looking to short oil after the completion of wave 4.
The last few days in the Japanese markets have been an emotional roller coaster, with china on the edge of collapse, the surrounding economies have not been shy to show the effects. As one of those effected, Japan has seen a change in course from a steady Bull market, to a dramatic correction this week, and the question is will it continue? The answer is...
With all the talk about the euro losing value, And all the evidence about the Yen Gaining value, i thought it was about time i made some money off of it. The problem i was having was where to enter, until now :) So i have identified a completed wave series on the 60 min chart which suggest the market is to reverse and head down , just as the news suggested. I...
DXY has topped. It's official now with the main blue trendline broken. Looking for longs in USD pairs until we have wave 4 target hit
The fourth wave has completed. The fifth wave will continue moving downwards.
We have had a textbook 4th wave ABCDE triangle and are primed for the final move with a min .618 of wave 1 Nice tight stop at 260 -265 for failure
The linear chart has interesting crossing channel. Now that SP500 has officially marked a wave 5 since oct11, it could be due for a big wave IV since Mar09. This big wave IV could start before year end or be delayed into early 2015 from around 2100 if the santa claus rally happens (which i don t believe in right now against odds). The big wave IV should correct...
I see us close to finishing a B wave (which looks like it was a double zig zag) from a larger ABC zig zag up to reach the top of a even larger Wedge. Here are my ideas of where I see us on a larger timeframe: If A=C, we could have a possible high of around 460/470, but I would rather wait to see how the waves (within this C) reveal themselves to get a more...