Every single market in the world has corrections. The % loss / gain is relevant to the market we trade. You can expect a market that has compound growth of 20-30% each day, to have a correction of the prior range that will fall between 50% - 78.6%. This is a AB-CD pattern that forms a nice zig zag. We will see it most likely hit this 78.6% point (or 75%), and...
Looking to accumulate Ethereum? $782 - $903 is a good area to look for buying opportunity. Disclaimer - I'm personally not trading/investing in the crypto market. Just sharing my technical analysis for those who are interest in the crypto market.
OK... we have two options, if today we are in front of bear trap, the price will be pumping to 15000$ or more, the traps are very common in the market and they permit to bulls buy a lot of options, we must pay attention to the volume indicator. IF the price break the 12600 level and bound on it, the chance of a bearist tendency is very very very strong at least...
ConocoPhillips should rise at least 45% by the end of 2019 from Friday's close. Can you beat 45% gain in 20 months? In the short-term the stock should zig-zag to this point. Stock will most likely: drop toward 55.93 rise toward 70.07 drop toward 59.75 rise toward 87.00 to close out its Elliott Wave Grand Supercycle and achieve at least a double top. I will...
Eurusd looks like vey nice Zigzag. Lets wait and See...
Traders, 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) –...
I think 151.95 is a top price in the 1 hour chart. I believe price will come down and the pivot point is a great place to target for a nice short term trade.
Last week's low generated a lower low so now we can apply some technical analysis to pick up some clues. It appears the bounce beginning Dec 22 is in zigzag form. Most Elliott Wave zigag patterns at this point are considered corrective and hints at a 11,500 or possibly 10,000 retest. There is a small chance this is the beginning of a diagonal which is short...
I see the possibility for a Bearish ABC Zig Zag pattern to the downside.
Elliott wave count (1 2 3 4 5) followed by (A B C Zig Zag)
If we are still in the middle of green wave b, there is a sub wave c to catch If however the pink a-b-c is the end of entire correction, the potential decline would be one degree higher Also note: pink wave b may not be a FLAT (sub wave {B} retraced less than 80% of sub wave {A}) nor a ZIGZAG (sub wave {C} did not exceed the end of sub wave {A}). Therefore...
We just finished an ABC correction for wave 2. Wave A, if you zoom in, shows a very clear 12345 impulse. i.imgur.com Wave B is an ABCDE rising wedge, which I mistaken for a 12345 leading diagonal in a previous post. Wave C is another 12345 impulse, completing the 5-3-5 zigzag. Wave C also happen end at a 1 to 1 Fibonacci Extension from wave A, creating a...
Traders, Previous GBPJPY development from 135.595 ( end price of (a) corrective wave) has completed unfolding into a corrective Zig-Zag pattern to 152.862 (end price of (b) corrective wave) Labelled in minuette degree, a. - b. - c. and subdividing 5-3-5, the Zig-Zag can be ‘proofed’ using fib-price-ratios. What can be derived from this Zig-Zag is that GBPJPY...
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...
This pair has form a nice perfect zigzag visible on D1 chart. Top down analysis on W1: - 0.61 fib retracement - strong level of S/R - pinbar (shooting star) - WXY structure Here at D1 chart: - perfect ABC zigzag with its internal subdivisions (5-3-5) - corrective channel - price bouncing from top of channel We could enter short here: - Stop loss above round...