The decline from the Feb.’18 high of 1.2555 is identified as a counter-trend pattern (a)-(b)-(c) that ended primary wave 1(circle) from the early Jan.’17 rally. Since then, prices dropped rapidly to the late Aug.’18 low of 1.1301 whilst unfolding into a five-wave expanding-impulse pattern (a). Evidence of a five-wave impulse is usually enough to confirm...
The high at 19,697 closed the 5-5-5 sequence ending primary wave (3) advance impulsive wave paving the way for a major correction. Wave (4) has since begun a counter-trend decline, taking the form of an expanding flat pattern, labeled (a) – (b) – (c), although the bigger corrective structure seems incomplete with the patterns projecting further...
The March ’08 advance is labeled as a corrective upswing, a Zig-Zag pattern. Using Fib-price ratio model for this pattern combined with internal price measurements, we have three fib-price ratios converging, heightening the probability that the five-wave sequence (i)-(v) has ended within the last C-wave (circle) of the corrective Zig-Zag pattern indicating the...
Well that was fun while it lasted. While many expect this to be wave 4 before a final push to $16k, I suspect we have already completed our 5 wave impulse from the $3.1k lows and we have entered the corrective phase having just completed B wave of a simple ABC zig zag after retracing between 50-62% of wave A. After a rise like that I won't be looking for wave...
Natural Gas has bounced from $1.574 since 03.10.2016 and developed into a five-wave sequence terminating at $3.846 exactly where fib price measurements were converging, highlighting the end of the impulsive wave.
Measuring the internal waves of this sequence, it turns out that its fifth wave is extended. That can be confirmed even from the ensuing (a) –...
We have seen GRINBTC in a correctional stage for a few weeks, forming a 5-3-5 Zigzag correction, being now in the last wave of the correctional phase. Yesterday GRINBTC has bounced off the monthly resistance line just to give it away again quickly. This is an indication that the market wants to go lower and we might see a drop all the way down to form a...
this is a double zigzag pattern. wait until the wave "i" to be completed, after that new uptrend rally will begin
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My Opinion, in 1h timeframe, Wave B in zigzag ABC ( or triangle or flat... ) is over , wave C begins.
This is my opinion about eurgbp.
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My opinion: Waves (3) daily is over. Zigzag (or flat or triangle or ...) begins here
Time to SHORT SELL BTCUSDT Binance ElliottWaves
TakeProfit: 4900 zone
StopLoss: 7525 zone
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