above is a chart analyzed based on elliot wave theory, ideally there should be a little bullish correction to 1.8400 region before the continuation of sell.
I am expecting Usoil to complete it impulse move with this wave 5 that is currently unfolding
This pattern be looks like a flg pattern, so I expect a continuation of the bearish move.
A breakout of the neckline, will pave way for more sell to 0.9400 and beyond
based on the Elliot wave count we are expecting more sell for wave 3.
I explained the reason for the buy in the video. If you agree with me , like and follow and share with friends. Thank you
Elliot wave is one of the best technical strategies if it principles, are well applied. On the GBPUSD chart, we can see that the fall on gbpusd was a retracement of wave 4 , the corrective pattern for this reteracement may not be accurately predicted until it completes, so we expect to go long after the completion of the minimum of a zigzag corrective pattern.
This is a bilateral scenario on GOLD, I expect either a breakout of the UP trend or a bounce from the trend. Let us wait as market unfolds its direction
I am expecting a further sell on EURUSD reasons: ✔a breakout of the bearish trend ✔RSI divergence ✔ a strong resistance serving as new support for sell ✔ a complete 5 wave impulse structure must be followed by a corrective move to minimum of 38.2 fib level
Based on the Elliot wave count we are currently on a long for wave 4 retracement. but on the 1H time frame analysis shows a possibility of a retest of the broken lower timeframe bearish trend before a new bullish move. I am expecting either a buy from 93.20- 90.0 regions or a buy above the immediate resistance level @ 93.65
After Another resistance level has been broken, follow by a retest.. we expected a push up to the next target of 2070. This may be the last bullish leg for gold. I am now expecting a drop to 2017 region
I am expecting a massive fall on audusd in the coming weeks as we can see a confluence of RSWI divergence as at the completion of the impulse elliot wave count.
I am expecting alittle reteracement on bitcoin before continue the bullish move
Usdjpy, break out of the continuation pattern, I am expecting a buy
I am expecting a fall to 2017 region before the bullish move resumes again.
Eurusd is showing a reversal sign in the H4 time frame coupled witha strong brearish reversal candlestick pattern and divergence in volume. A break above the support will pave way for more highs
Expecting a completion of the impulse ove on GBPcad , with the rise of wave 5. Let us see how this plays out. Thanks
Based on the elliot wave count on the chart we are expecting the corrective wave 4 up anytime soon.