We'll see how the ''Dollarindex'' perform to see ''IF'' we go up or down..
Yen is in a large counter-trend corrective move. Wave C (blue) is underway within a larger degree XX wave. It can hit between 108 and 110.5 where C=1-1.27 0f A. Right now the price is at the barrier of the downtrend resistance. The break of it would facilitate further upside move. Then we can see another drop down sub-100 area in a wave Z. Wave XX can be equal in...
USOIL Daily chart is at a critical point as it reaches the 61.8% Fib retracement of the correction so far. The important thing to note is if the WXY correction is complete and if bullish momentum dies at the trendline, we might get the Z wave. On the other hand if price breaks out of the corrective structure with conviction, then it will be a bullish impulse. Of...
This is my preferred count for USDCAD - obviously expecting a Flat to complete the triple-three C wave. I say preferred because there is a possibility of an ending diagonal (replacing the overall WXYXZ structure) as the Y wave of Cycle degree. Learn more about Elliott waves
this long term corrective move is about to finish. Don't sell for a little piece of Z wave, wait for buy setup, it has awesome risk to reward ratio and high probability.
It's unpopular count as many call for immediate short down towards sub-parity. The idea is simple - we got impulse up from 2000 low and now we are in a long term correction which shaped a very nice Falling Wedge pattern. None of the trend lines were broken so the model is valid. The wave C up should be impulsive with minimum possible target at 1.75 level where...
this is a long term view of NZDCAD Its in the long term (weekly or monthly) correction and this wave to upside also will be a correction.
I was waiting for this correction to end for days and it seems to be ended now. if you are not in the sell, wait for a correction and join the wave to the downside. check the link on the chart to see how the structure developed and how difficult it is to analyzing it while its going corrective. Below is the long term of what I'm expecting to happen:
I expect this down move to end soon. Trade it according to your strategy. More details in chart.
There must be a comprehensive text, but I'm too lazy to write it.
price acts as corrective structure and looks like a double combination or triple combination. still there is no trade setup, we have to wait to see a clear structure. There are 2 different labelings, blue one is WXY correction ending with an ending diagonal ( red numbers refer to blue scenario and ending diagonal) and green one is WXYXZ which is not finished yet;...
There must be a comprehensive text, but I'm too lazy to write it.
There must be a comprehensive text, but I'm too lazy to write it.
this is based on my previous forcast that this correction is about to end and it has been ended as ending diagonal.
I'm waiting for break out of the trend line for several sell setups.
this is long term view of USDCAD there are 2 main countings for this pair. black one which indicating that uptrend is over and the purple one which indicating a deeper correction for wave 4 and another wave to upside as wave 5 lets see which one is going to happen
GBPCHF had broke the trendline. its a possible indication that this corrective move to downside is over. for entering long and confirmation of this analysis we need a correction. Note the long term divergence. this analysis is not for a trade setup. this is just one of the scenarios that GBPCHF can develop; we have to wait for more clues and see how the pattern...