I expect Audusd to continue falling to the region labelled y on the chart. In other to complete the double zig zag corrective pattern, as shown on the chart. Goodluck to all sellers.
SPX is creating an ABC correction, a zigzag Elliott correction.
As these posts are mostly for my education and entertainment, do not take them as trading advice. XRPUSD recently finished a leading diagonal from the low of March 13th to April 7th, where it reached a point of $0,205. I would have expected a rather sudden drop down from there, as leading diagonals do tend to lead to those. However, there were some interesting...
$ETH Wave 2 = double three W-X-Y (double zigzag). If correct then we are entering the bullish wave 3.
Formation of Flat Or, Zigzag Correction Can happen Which Push It More Downside.
Formation Of Bigger Zigzag Correction Which Push It Down.
GBPCHF Forming Zigzag Correction Which Push It Downside
It looks like we are on a bear flag correction with the potential moving down increasing following the minuette zig-zag ( (a)(b)(c) ) appttern. The correction down to 1.618% FE validates this pattern. The flag structure hints to a duplication of the first corrective leg down as it is dominant, which places the intermediate target for EURAUD near 1.55 It is...
It looks like we have a triangle. Since they usually appear in wave B or 4, and it doesn't look like we are on a B wave, the corrective structure hints to a complex w,x,y minute wave. The complex correction is part of minor wave 4, which has a termination level above 1600, where intermediate wave 3 is likely to complete. After minor 3 top at 1557 markets...
It looks like the corrective intermediate wave (C) of the corrective bearish Primary wave 5 ended at 115.87. As part of Cycle b, or 2, we can now expect prices to move higher medium and long-term with one of the medium-term upside stops laying at 122.54. The current minute ii correction is likely to end as a zig-zag complex pattern w,x,y with minuette y...
It looks like the primary W,X,Y zig-zag wave ended the longer-term bearish cycle correction starting on February 2018. Minor 5 of Primary Y wave ended with a diagonal triangle at 1.09275 level, which is the 1.618% FE of the 1.14-1.12-1.128 triangulation. Since prices broke outside the top of the triangle pattern and remained trading with a bullish rather than...
It looks like the primary W,X,Y wave ended by the 66.34 low and now an impulsive, motive wave is starting, supporting the longer-term bullish cycle. Primary Y wave reminds a zig-zag correction, and since the 2.618 FE of minor A,B was reached at 67.336 (with a false break just below at 66.34), chances of this turning and remaining bullish increase. We could...
I turned bearish on XAGUSD since prices broke above the psychological multiyear triangle (15.56 intersection). With Primary 3 well out the way and Intermediate A seem completed we are now looking at our options with respect to the deepness of the current reactionary structure. Since we are moving within motive intermediate B, hence looking for a potential...
We might have made a nice Zigzag correction, now lets see if we got fuel to push back up. I would target around the 0.618 fib level.
Gold is in the middle of a corrective structure. The structure is still forming and it is not yet clear if it is a variation of a Flat pattern or a zig zag. It is clear that price will make an initial sell off to retest the low of the A wave support, then it will either push to the blue box to finish the corrective structure forming a zig zag or it will push back...
Hello! Here is an idea of a complex correction for BTCUSD. Best to remain very cautious. Happy trading!
Elliott Wave Count: Impulse, w1 - w2 - w3 - w4 - w5 Counter trend (abc) zigzag pattern Finalising a 8 Wave Sequence