Chart Patterns: - Elliot Wave 5 (Motive) - WXY( Correction) Combination - WXY is a combination of an ABC (flat) - ABCDE (Triangle) - Head & Shoulders Chart Pattern Entry Point: 0.97098 Take Profit: 0.95958 Stop Loss: 0.97536
Realty Income Corp (O - US) is in WXY complex correction wave pattern from major top as shown in chart. X wave was triangle, which broken with huge volume. Wave C of Y down now started, but wait till impulse 1st wave to complete as token of confirmation.
I'm going to be patient on this one. I explain my reasoning for this trade in full detail in the link below.
Berkeley Group Holdings PLC (BKG - LSE) is in WXY complex correction pattern. W is elongated zigzag followed by X wave as double three correction, which is over. Y wave down is in progress which dropped with large volume. Wave B is about to over.
Sonic Healthcare Ltd (SHL - Sydney) is moving down in WXY complex pattern, where W and X wave was completed. Wave Y down started with relative high volume as wave 1 of wave A. Price moving in bearish outlook with invalidation points of X wave extreme.
Muench.Rueckvers - Xetra (MUV2) is in WXY wave pattern moving downside. X wave was complex double correction. Y down is started as A wave, wait for B wave to get into the trade.
ICICI Bank Ltd (ICBK - India) is moving down in WXY corrective cycle from major top. It has completed X complex wave in flat correction. Wait for pull back of B wave to get in to the trade for C down
Amplifon (AMPF - Italy) is moving in WXY corrective down cycle from major top. It has completed X wave in complex flat correction. Y has already made A & B of internal w wave as shown on the chart. Price is moving down to C wave of internal w wave down.
Bouygues SA (BOUY - Paris) is moving down in WXY wave pattern. X wave was in triangle, which was over. Y wave was started moving down, but wait for clear impulse down to get in to trade.
MMC (MMC - US) is within WXY pattern. Y down wave already started. Sell with stops above 96.44 for c wave down of Y. It is also under-performer stock to market.
EUR/USD (EURUSD) is in complex corrective pattern WXY as shown in chart. Price is going up in Y wave. The direction is shown as upward direction in y internal wave of Y wave, which also progresses in complex formation.
US Dollar (DXY) is in complex corrective pattern WXY as shown in chart. Price is going down in Y wave, which again made up of wxy internal wave counts. The direction is shown as downward direction in y internal wave. Let’s watch it closely that how price will unfold.
As the title suggests, we have now begun wave 1 of wave 3 of the Grand Super Cycle time frame since the inception of Bitcoin. The drop from 20k to 3 k was a 3 wave WXY complex zig -zag correction. We have now seen wave 1 and wave 2 of wave 3 of the grand super cycle time frame complete. Wave 1 was the impulsive 5 wave move from 3k to 14k. The 5 wave nature...
CAT detailing complex Correction with changing wave structure! Regards, Team Traders "PowerfulTraders"
Intercontinental Hotels Group (IHG - LSE) is in WXY complex correction pattern from last bottom upside. Wave W is over having internal B wave as triangle, which resulted in quick reversal after it ended. X wave will made of ABC. B will end soon and starts C down for X wave.
First - Bullish - with a leading diagonal followed by a current correction Second - Bearish, with an alternative WXY instead of an impulsive move
On H4 frame the pair did not get to the target where wave Y equals wave W, that's the risk of current analysis. This assumption is about that wxy is ok and price whether reverse into a larger move down or at least delivers wave C in a local correction. Both scenarios imply a nice intraday move down