In my original post of Pound Sterling’s Prospects - seeing through the “Brexit” fog published just before the UK’s Brexit vote, a significant low was anticipated towards the late 2016 and early 2017. That low formed in October 2016 at lower than I anticipated. Since then a sustainable rally was anticipated which due to overlapping swings has not bee easy to ride ...
Traders,
EURAUD is in correction since 01.06.2017, and this is an attempt to identify the patterns in order to understand the bigger corrective structure of the 4th (4 circle) corrective wave.
We need some more info which would make the analysis more accurate but taking some standards into account, we can build a trading plan.
Looking inside at the potential ...
Traders,
GBPAUD has been in a corrective structure since 26.10.2016 probably coming to an end, followed by the last 5th wave completing, in the bigger picture, an expanding flat pattern.
-On the main trend 1-5 (circle), 1st motive wave has ended at 1.91858. The main trend has perforce ended there as it could not have been another wave count which didn't violate ...
Traders,
1- The Geo (WolfeWave) completed its 5-point target at its ectopic 5' level
A price reversal from Point-5' offers the HIGHEST probability of attainment at a price level corresponding to Point-4 (1.3432).I am looking for further targets at least for 1-4 line (close 1.3300) according to the bigger EW 5) last impulsive wave.
2- Internal Geo's structure ...
Traders,
Since 29.07.2013 AUDCAD has been in a corrective regular flat pattern and has given us a 3-3-5 sequence till now, so expecting this correction to end for the last final wave which will probably unfold into a five-wave motive sequence to complete the A-B-C ZigZag pattern.
In the regular flat:
1 - Wave-(A) developed into a ZigZag internal structure 5-3-5, ...
CAD/JPY has been locked inside a huge triangle consolidation since November 2007.
Wave (A) decline from the high of 125.56 to a low of 68.37 in January 2009. Wave (B) was a time-consuming zig-zag that rallied from 68.37 to 106.51 in December 2014. From this high wave (C) lower to 74.82 followed and since that low wave (D) higher to 96.92 has been developing. ...
USD/SGD - Closing in on strong support near 1.3300
It has been a while since I last updated USD/SGD and as it's close to strong support near 1.3300 it's about time to do so.
USD/SGD saw a nice five wave rally from the August 2011 low at 1.1994 to 1.4546 in January 2017. The following decline from 1.4546 is clearly in three waves and is now closing in on strong ...
It's possible we're gonna see an additional leg of the zig zag (Z), which would mean it'll bounce off $560 again or move lower to my first target of $520.
Here are my continued thoughts on BCC.
We're currently in a descending triangle and probably going to enter into a double ZigZag Elliott correction wave. Who really knows for sure, but the pattern seems tone setting up. My target is still ~$600 for now.
Check out this resource and let me know if I've missed anything: ...
We are in what looks like the C wave of a 4th wave zigzag. Expecting prices to rally to around 1.354 where we have the a combination of Fibonacci expansion and retracement levels. 1.354 is also a strong resistance level and we can expect to see sellers re-entering the market at this level
