If EA breaks down from this flag, I am considering that the turning point on the weekly and holding short for a long time.
This is what I see currently in this pair. I belive that in the next month there are 3 options where the price could go. The first one is the black arrow, assuming that the wave B has finished and we are going for the C wave. The second one explains that the B wave has not finished yet and it will be an expanding or contracted flat. The third option shows that the...
The 80.00 level is a great price level to look to buy in my opinion, should it break support. Pattern wise there is huge upside potential. It would at least be a good place to look for a scalp.
the "X" wave made a slightly lower high off 200 MA on daily, keeping the swing pattern still valid. Looking at the weekly, should AU continue correcting down, there should still be an uptrend in place and therefore another buy opportunity. Optimal entry for sell was off the 200 MA going off pattern and 4 hour divergence.
Watch out for corrections for buys for USD/CNH to break out to make one more high on 4hr. I at least would expect a 3 wave to break trend line considering this small wave appears to be an impulse wave.
USDCAD seems to be forming a double zig zag correction (WXY) in the bigger picture.
Dear Friends! Let's just right into it. I have tried to identify the complex 4th wave correction pattern. It looks like we have a WXY (Double Three), which consist of first a Flat Structure with B as a Triangle Correction (ABCDE) and then ABC followed by a another Triangle Correction ABCDE. If this is the case we should very soon continue to go up and start...
I mentioned a long time back to buy EN off 800 on daily. EN completed a WXY off equal length and the 800MA on daily/ 200MA weekly. I believe we are in correction and it may continue all the way up reaching the 200MA on daily possibly. There was a nice buy setup already, but I would look to buy pullbacks.
Ok, so this chart looks like quite the mess but hear me out. EUR/CAD had been following a clean WXY correction and it looks like it's about to reach the (A) Correction on the Y wave. So there are 4 good reasons why the price is going to reach my (A) correction. 1. If you take a look at the red trend line, price has crossed over and it is going to use that red...
GN measures out pattern and fibonacci wise to continue up to the 78% retrace. The pattern can become more complex so trade accordingly. But regardless of what it does, I will be expecting more upside to complete this higher time frame correction, 4 hr looks like it may just continue this week.
I was able to spot a few key rules for why this might play out the way it shows. Starting from the high on March 2018 we can begin to line up our WXY pattern. Within that WXY Corrective waves, you can find the ABC correctives. I'll leave you to interpret how you see those but I left them out to make the chart look cleaner. - If you look at Fibonacci drawn from...
USD/CAD is about to reach the end of the X wave and it is common for it to retrace to .618 of the W Wave. I'm looking to short at 1.343 and I'm expecting price to reach the major trend line to finish up the Y wave. This is also going to have an effect on Eur/Cad. While USD/CAD has been moving up the X wave, EUR/Cad has been consolidation. Once Usd/Cad finishes...
Summary: 2013-2015 and 2017-2019 bear markets show a similar WXY count supported by a Schiff Pitchfork lower warning line hit and Fib Retracements confluences. WXY Count & FIB Retracement: Measured from the A wave of the W count, both the W wave and Y wave extend 1.272 in 2013-15 Bear Market. Similarly, measured from the A wave, both the W wave and Y wave extend...
Looks like a head and shoulders, but counts out incomplete in my opinion. Those are the 200 and 800 MA's crossing on 4hr. I would want to basically see a small flat. If it breaks the high of "W" it can then drop down but it has the potential to break the other high (see 1.236 extension).
I was able to spot a few key rules for why this might play out the way it shows. Starting from the high on March 2018 we can begin to line up our WXY pattern. Within that WXY Corrective waves, you can find the ABC correctives. I'll leave you to interpret how you see those but I left them out to make the chart look cleaner. - If you look at Fibonacci drawn from...
Some view on Eur/Chf possible setup in couple of days of impulse and correction pattern. In wave C I see 3-3-5 formation is heading to complete on 4H chart, and price could possibly going down.
Chf/Jpy appears to be exactly following a bars pattern taken from CAD/SGD's recent correction on 4hr, take a look for yourself. It already broke trend line and is at the point in the pattern that the next move out should be the breakout to break last high, and a little more. Should it break the low again, I would anticipate a better buy from the 108-108.75 area,...