What we can see on gold is a clear impulse strucre to the down side, I expect a retracement of wave 2 to the upside, then a bearish wave 3 move afterwards.
It is obvious now that a triangle pattern was the wave4 of the just concluded impulse, which was followed by the wave 5 as labelled on the chart, what I am expecting after this fall is a little retracement up before the continuation of sell,
I am expecting a buy from this region to the the other end of the rising channel. Goodluck
You can open a sell trade on AUDUSD with smaill risk. Stoploss should be behind the wave 5.
What we can see here is a corrective pattern forming after the complete move of 1-2-3-4-5 impulse. The correction pattern that is playing out is a triangle, and as wee can see , the A, B and C of the pattern has been fully formed, each is a zig zag,,, so we are left with two options, either wave D and E of the triangle pattern has been complete so we are buying...
It seems Ethereum is maling the 408 handle a good support that it is respecting. I expect a push up so far the 408 level is not broken.
One of the chat patterns is a rising channel which consists of two trendlines,,, a bounce from the other end from the channel will signal an entry to the next end on the other channel. I am expecting a bounce up and alternatively , if price breaks below the channel, there will be a retest of he former trend and this will pave way for more sell
Gold is seen rising since its fall last week in a rising channel, it is either there is a breakout of this channel or a bounce up from the current region. let see how the market reacts from this current region.
GBpusd is currently heading for wave 5 which will give us a room to short the pair after its completion. No one can say precisely yet where wave 5 will terminate but we expect a vivid count of a complete impulse that makes up wave 5 and a confirmation candle before we decide on this trade. So I will wait till wave 5 completes.
The corrective structure forming on the usdjpy chart as shown above is a triple three correction. I expect market to complete another zigzag move down to complete the last leg of (W-X-Y-X-Z) correction.
yesterday, we posted two outlooks on Eurusd, but the bullish outlook hit the confirmation level, as we can see, if price fails to pierce below 1.1900 region, there will be more room to the upper side of the chart.. and a break be;low, might make us reconsider our Elliot wave count and consider may a flat corrective pattern may be playing out .
Above are analyses on eurusd with both bearish and bullish outlook . I have shown the invalidation level and confirmation level for both scenario. Thank you
We saw the massive breakout of the resistance in the market yesterday followed by a retest of the resistance , today, we hope this broken resistance will serves as new support for bulls.
bitcoin is correcting and gathhering momentum to pull higher... i expect a breakout to the up side.. while a break below the 11700 price region will pave way to more down side of 11100
I am expecting the pair to end its corrective move soon,, and give a bullish signal before joining the buy.
On the daily timeframe, it is obvious that the corrective pattern was completed (w-x-y) structure, and the impulse wave has started to unfold, where we are currently is on the wave 3. The 1hr timeframe count shows us a better view of what is happening in wave 3, where we were able to see that wave(i) of 3 has completed its impulse move(1-2-3-4-5) and now...
i expect the last wave (y) of a combination pattern to play out on GBPUSD. This analysis will no longer be valid when there is a break above 1.3149.
I think the wave 5 of (v) has completed and it should be followed by correction. let see how this plays out