I truly believe the correction is over as it is also confirmed with RSI as well I will consider a bullish scenario and entering wave 5 only if we break through 1.07300$ For Bullish scenario 1- wait for the confirmation level(1.07300$) to break 2- you might see a pull back , buy if you see a buy candle in the pullback(usually happens at 50%-61.8% fibo ratio) 3-...
It seems that the previous prediction was right and we are at the box I plotted in the last (linked) analysis I will only consider a reversal if I see a candle closing bellow 1.27740$ also the whole Analysis will be invalidated in if we crosses the line plotted as red at 1.28150$ based on the fact that the Ending diagonal is "thrown over" if the reversal happens...
Hi All This is the long term view for GBPUSD. The structures are all confirmed with fibo rations and also RSI There are couple of structures i cant not conform 100% with fibo and RSI but I have names them as they fit in the context and wave counts. First this scenario is valid until we hit 1.29$ This scenario is confirmed if I can see a candlestick breaking...
The ending triangle tend line is broken. I will consider a bearish scenario and entering wave 1 of the reversal only if we break through 3180$ For Bullish scenario 1- Wait for the confirmation level(3180$) to break 2- You might see a pull back , sell if you see a sell candle in the pullback(usually happens at 50%-61.8% fibo ratio) 3- Stop loss at 3293.7$ **...
I think the first wave of the 4th correction is over and we will be in an downtrend channel soon
There is a fibo cluster at 2343 and also the RSI resistance level is at 2343 this suggest that this level could be a potential price target to start another wave down
we are just close to the invalidation level for the Impulsive wave of a bigger degree and we are seeing a pullback I am expecting the price to drop temporary I am not expecting a big drop but I think the Up trend is paused now
I am expecting the wave 4 to finish in the box plotted. I still think we need one more wave down to complete WXY pattern
I was counting this market and everything is going based on predication and things published before. The crash after the triangle seems to be an impulsive wave but it is not confirmed yet. DON'T SHORT , wait for the confirmation I will wait for this down move to finish and if it is impulsive I will consider it as was 1 of 3
I am so bearish on this market as I am with S&P500 I still think the crash after the triangle will continue. this is the short term price trajectory I have in my mind. DON'T SHORT yet. this analysis need to get to the confirmation level
My assumption yesterday is invalidated now as you can see we hit the invalidation level There are couple of scenarios possible but I am not publishing any more update on this until things become clear. I don't want to mislead anyone. I will wait until the structure becomes unfolded and clear For now my suggestion is to wait until this structure shows it self :)
now it is clear that we will have Triangle for the 4th wave correction don't rush to buy it needs confirmation.
I am NOT gonna trade this market next week , although I was so bullish and it climbed up. what we see as wave 3 is quite choppy and the first wave (wave 1) is a leading diagonal I personally use leading diagonals when I am not sure about the future wave unfoldings. I don't like the way RSI looks in the daily chart and I think we will have a pull back and another...
Wave analysis shows we are at the end of the correction in teh 1-2-1-2 structure. you can consider buying after the end of the c wave correction
It looks like an uptrend but I have some concerns. I will post my concerns in the comment. don't rush to buy it. first , in the 5 min chart the uptrend move dose not look impulsive so I am not sure if the correction is over or not I need to see more evidence to buy the market
The current wave up has very complex structure. I tried to verify all the wave counts up to 10min chart. based on my count we still need 1 more wave up to complete the 5 way impulsive wave. we finished wave 3 of a bigger degree so It wont be any surprise if we spend some time on correction I am considering a 5 wave impulsive wave because the wave 3 broke the trend line
I am still not convinced that the correction is over for this market I think next week we will be still in the correction
All the prediction for this market went correct I am expecting a wave up