H1 I'm still bullish, looking at a possible expanding flat to trade the next impulse C up unless price break's below the invalidation point. There is no confirmation internal wave C down is over and price can push lower! Look for buy setup's against the invalidation point, If the invalidation point get's hit before giving a buy setup, leave it alone as the H4...
Since my last update it's clear the D1 structure is over and on W1 were either in X before we get Z up or its all down hill from here. At this stage I see the possibility of Z up on W1 so were in a big correction. H1 I see 5 down with an extended Y wave and bullish divergence between wave Y and Z. There's no confirmation wave Z is over so price can push...
H4 we have 3 down with bullish divergence. H1 I see 3 up, 3 down and a breakout of the structure. The move up not looking very impulsive so I think this is only a correction up before we get a possible Z down on H4. We have break of structure and bull flag. This is a risky trade as I mentioned the move up not looking very impulsive. 1) Invalidation point is the...
H1 TL still holds so there is no structural change at this stage on H1 TF. M15 we do have bull div and a impulse up with bull flag forming. This is quite a risky trade as H1 structure still hold's so take with care and tight SL. Wait for solid M15 candle close breaking flag before buying 1st targeting the 100fib (100fib may change depending on the low of the...
D1 Low is holding, The next structure I see is the possible regular flat so I'm looking to buy the impulsive C up! There is no confirmation D1 wave C down is over so price can push lower possibly breaking the invalidation point at the low for a larger expanding pattern. H4 look's to be making a complex correction for at least one more up. This could be the start...
H4 I was expecting to see a C wave down ( See USDCAD H4 Internal C Down Idea) but looking at price action I think wave B not over. H1 We have no bear div between W and Y and wave Y high was broken by a few pips so I see the possibility of an expanding flat in X before we get the Z up. There's no confirmation Internal wave C down is over so price can push lower...
D1 The earliest pattern I see is a running flat, That's the way i'm looking at it at this stage. One reason of cause is due to how slow it's been at the low on the lower TF's over the last couple of month's. We do have bullish divergence on D1 so I am expecting at least a C up for a running flat. No one knows where C will end, It could be an expanding flat (my 2nd...
H4 there's nothing confirmed that the larger impulse to the upside is ready to play out but in my view that doesn't mean we shouldn't take the buy on lower time frames if get the setups, at worst it should turn out to be a breakeven trade or a little profit depending on your entry system and how you manage your trades! H1 we have Y down with bullish divergence in...
H4 I was expecting to see a C wave down ( See USDCAD H4 Internal C Down Idea) but looking at price action I think wave B not over. H1 We don't have bearish divergence between W and X. wave Y high was broken by a few pips so now I think we are getting running flat for Z up 1) Invalidation point yellow line at low 2) look for bull flags on lower TF to confirm more...
USDJPY H4 I'm looking at it as expanding flat in wave B looking for at least a C down. There's nothing confirmed Internal C wave up is over so price can push higher, Invalidation point for this trade is the yellow line at the high. 1) Look for impulse down and bear flag on lower TF to confirm more downside to to come before entering a sell. 2) 1st TP 100fib,...
H4 I see the potential of a impulsive internal C down, There's no confirmation the internal B wave is over and could become more complex. Wave C down no one knows where it will end, It could turn into a running or expanding flat ( I have an expanding flat pictured) So more for the experienced traders or use lower leverage. 1) invalidation point the high of wave...
W1 we don't have any bearish divergence so I'm expecting the Z up ultimately targeting the 161.8fib extension. D1 We are getting either running or expanding flat, Where C wave down end's is anyone's guess and there is no confirmation that C wave is over. I'm seeing a similar structure on a couple of the other US indices. The next larger impulse is to the...
DXY H4 I'm seeing the possibility of the expanding flat in the internal D1 B wave coming to an end with bearish divergence in the H4 C wave up. 1) There is no confirmation C wave up is over. 2) Invalidation point is the yellow line up the top 3) Wait for confirmation with a bear flag on lower TF to confirm more downside to come before selling. 4) 100fib is the...
H4 I'm looking at the possibility of a running or expanding flat before we get more upside, If i'm wrong about that all good, I'm on the short! Wave C down should be impulsive so we can trade it on the lower TF's 1) Theres no confirmation the internal B wave up is over, Wait for confirmation. 2) Yellow line up the top is the invalidation point for this...
BTC H1 I'm still looking for price to break above red line for an expanding flat, if it turn's out to be running flat, red line won't get broken and price could fall anytime from here. I have expanding flat illustrated because there's a possibility we may be getting 12345 ending diagonal (not illustrated) in the internal wave C to complete the B wave Scalping the...
GU looking pretty straight forward, D1 we have 1 up and a correction so looking for another impulse higher to complete a structure. H4 we got a lower low and it's possible the structure is coming to an end around the 100fib (see previous H1 setup), Nothing is confirmed that the H4 C wave is over. H1 were starting to get bullish divergence giving a a sign H4 wave...
EU H4 I see strong possibility of getting C wave up to complete the H4 structure before we get a larger impulse to the downside! There is no confirmation that the internal C wave down is over, so price can push lower! 1) H4 Internal wave C down there's no confirmation it's over, wait for confirmation before buying! 2) Invalidation point for this setup is the...
EA H1 looking very much like expanding flat for at least a C wave up. 1) There's no confirmation internal C wave down is over, Wait for confirmation 2) Wait for a solid candle TL break and bull flag on lower TF to confirm more upside to come before taking the buy 3) Price breaking the low of wave A invalidates the trade 4) targeting the 100fib, This level will...