updating from last trade.
red wave (4) looks to be done. looking to trade red wave (3) down to the 1.618 ext of purple wve 3.
putting stop loss just inside red wave (1) is case this correction isnt over yet
i have been trading this pair for about two weeks if you want to look at my earlier published charts.
i believe the final blue wave 5 is left to trade to the upside.
i am looking for 5 smaller waves to complete blue wave 5
working on trading 5 waves down for green wave C
on the 4 hr chart 5 green waves up can be seen and i believe we are working on the ABC correction
5 waves down for green wave A can be counted with green wave B taking the form of a zig zag.
the red fib ext is a measurement for equalization for red wave a to red wave c
the green fib ret is what a typical b wave...
there appears to be our first set of 5 waves up for red wave 1.
i believe red wave 2 is close to being over with. it appears to be taking the form of a zig zag.
from here i expect a series of 5 waves higher to finish off yellow wave iii at approx .95000 and then eventually on the 2 hr time chart to hit the red wave 3 which is 1.618 ext of red wave 1.
gonna give this a try as i think the blue wave 4 count is tricky but im counting it has a zig zag and i am now looking for 5 purple waves up to blue wave 5. my profit target is based on blue wave 1 (not shown) is usually equal in price to blue wave 5 since the blue 3 wave is extended.
i published this chart a few days ago when took a position
ive taken half profit but do believe this has more downside. i will update and look for another short position when i think wave iv is over and wave v should break down into 5 waves for some more profit
i am breaking this chart down from an earlier published 4 hr chart
i believe wave (i) and wave (ii) are complete and are working on a series of 5 waves up to finish the red wave 3 and eventually wave (iii).
wave 1 is close to completing with wave 2 ret to follow hopefully staying in the channel. the rest is explained on the chart
on the higher time frame it appears blue wave A and blue wave B are complete and we are working on blue wave C.
red wave (i) and (2) are complete and we should see 5 waves down for red wave (iii) finishing at roughly 589 or even further for our 1st target.
if you choose to stay in and trade the final red wave (v) down move stop loss to one point inside red wave...
it appears red wave (i) red wave (ii) and red wave (iii) are complete and we are working on red wave (iv) with red wave (v) still to come which will complete the larger degree blue wave 1.
red wave (iv) looks like a triangle with waves d and e almost complete. once they are we expect a strong move to the upside that should carry to 28 or even further.
facebook appears to have completed blue wave 1 and looks close to finishing blue wave 2.
wave 2 takes the form of a zig zag. and we are expecting a 5 wave move to complete blue wave 3.
there is another count where blue wave 1 is actually an A wave and blue wave 2 is actually a B wave which we would expect a 5 wave C. that is why i have set the first target at...
on a 4hr chart and above red wave 1 appears complete and we are working on red wave 2 and once complete 5 larger waves for red wave 3 (not shown)
on the 30 min chart above we are breaking down the zig zag of red wave 2
since we have 5 waves down in blue wave A we expect a 3 wave correction for blue wave B. blue wave B is a 3 wave expanded flat. now that blue...
it appears red wave 1 is complete and we are working on red wave 2 which appears to be taking the form of a zig zag.
I believe we are working on the lower degree blue wave C.
it appears lower degree blue wave i is complete and looking for ret for blue wave ii. as long as blue wave ii does not move past the high of the large blue wave b the wave count is valid...
it appears 5 red waves are complete so expecting a red three correction of same degree.
on the lower degree i believe blue wave a is complete and now looking for a 3 wave move to complete blue wave b at roughly 1.24542. from there looking to trade 5 blue waves up to complete blue wave zig zag which completes larger degree red B. there is a possibility that blue...
appears there are 5 blue waves completed. blue wave A also appears complete as a complex corrective making it a three wave correction so either expecting a flat or a triangle. I believe there is a 5 wave move in red wave a of the lower degree with a zig zag for red wave b completing between roughly 79.59 to 77.85. looking to trade wave 5 red c waves to complete...