Hi, EURUSD has hit our previously cited upside target...now the the minimum waves are in place on this recent up trend for EURUSD. Therefore, it is at risk for a reversal to the downside.
Wait for the previous 4th wave to break before entering short. First target is near 1.0875. Second target is near 1.0635. There is a larger final target near 1.02.
Dow Jones Industrial Average appears to be moving higher in a 'c' wave. Within the 'c' wave, we appear more than half way through the impulse. If the trend continues higher, the area near 27k may offer a reaction. Regardless, my view is that the next major move is likely to the downside.
Wave iv of 'c' or the wave 'b' low can offer a short entry on a break...
EURUSD has been stuck in a sideways consolidation. This consolidation appears to be a triangle. Triangles are tricky to trade because they can extend further than expected. My current higher probability view is that we are in the final leg of the triangle. Once the final leg finishes, EURUSD may jump higher to 1.11 and 1.13. 1.11 is near the 61.8% fibonacci...
The gap open higher today filled a gap from the COVID crash earlier this year. The minimum waves can be counted in place to consider this retracement higher as terminated.
With such a count in hand, don't rush out to short. Let the market confirm to you that a top may be in. Wait for lower levels to break. If today's gap fills (tan box), it indicates a swing...
Nice Zigzag wave formation with in the triangle suggesting that the downtrend it's over. I'm looking for buying opportunities now.
Market has formed a zigzag pattern with Wave C possibly finding an strong support at 2 levels, 123.6% Fibonnaci level of Wave 1 and the May 2017 High (support level now)
Cipla Ltd (CIPLA - India) is in ABC from major bottom as shown chart. After strong A wave, price just giving B wave flat within upper 24% area. Now wave C is started with relative high volume & also break the resistant trend line, which go for next new high with high possibility, until invalidation area should not be breached.
NZDCHF broke the ascending channel, and the price could create ZigZag Correction.
We are waiting for breakout the 'b' support and retest it in order to place a sell order according with our strategies.
As the title suggests. After a plethora of analysis. I believe we are just about to begin the final 5th wave down to complete a WXY complex zig-zag on the grandsupercycle timeframe.
This theory corroborates my other NASDAQ predictions previously posted.
This theory, that we will see multiple legs down and extreme volatility in the coming weeks.
I am considering a very interesting scenario on XRPUSD for the foreseeable future.
Earlier today I wrote a post that explained that I believe we are now a triangle that acts as the fourth wave of an impulse wave up (you can find the link to that in Related Ideas).
In the chart, you can see that we started the A-wave of this zig-zag at $0,11. From...
Diagonal break with a gap
Island TOP take place?
Pieces of evidence are clear for short. The protective stop could be at 2822, 2870.
for V shape believer: 2500
for U shape believer: 2000 - 2300
W shape believer: 1700 - 2100
L shape believer: more