CedricBenacquista

CedricBenacquista

hi i'm now waiting for the ending of this potential corrective pattern. to my point of view, wave C should reach the range of 0.76 - 0.77

CedricBenacquista

hi i found that, if we join, in the VERY BEGINNING of a movement, the 2 firts high and the 2 first low togethers, cyclic time (.618%) works very well and very often. in fact, if we take the good points, it works every time so....

CedricBenacquista

hi that's possible CADJPY is actually building a beautiful Flag before hyrry up to reach the median line of the yellow's Andrews pithfork (nearby 100.000 !). i'm just waiting for the end of this corrective structure (maybe it's already done, around the Daily support just under / or maybe a deeper retracement till the low Mlh of the pitchfork soon coming...

CedricBenacquista

hi

CedricBenacquista

hi here we can see, on weekly view, that price made an excess out of the bollinger's band (on the right), then a second bottom to the same level but inside the bands : it's called a BDB. the reaction zone of that is the moving average of the bollinger's band so i'm long till 1.30

CedricBenacquista

may be a last impulse wave up before breaking the structure (o big down gap at markt opening) but, after breaking, price should go till 0.745000 and why not till 0.73000

CedricBenacquista

HI i'm actually in position (long) till 1.25, with an intermediate take profit at 1.2430 then, if my target zone is reached, i will reverse my position down

CedricBenacquista

Momentum have to confirm the "cluster zone"

CedricBenacquista

this is what i'm doing for detecting & trading huge reversal situation, by using numerous channel & andrews pitchfork

CedricBenacquista

short

CedricBenacquista

hi i took a trade few days ago, targeting 1.21500, & 1.2250 for TP1

CedricBenacquista Updated 

HI i just played with my graph, comparing levels of expansion / retracement, & Elliot count. what i''ve find seems quite good no? number of rules for a "running flat" construction are respected furthermore, we can see that there's the same distance between origin of wave A & top of wave B, than between top of wave A & top of wave C quite strange ? so, i think...

CedricBenacquista

here is what i'm trading now

CedricBenacquista

Hi we can see a beautiful triangle with 3 wave's corrective pattern inside. now, i think that market is going to reach the bottom trend to finish wave E of the structure. so after bouncing this trend, price could move up strongly & break the triangle

CedricBenacquista

hi AUD/USD actually bounce on a stong H4 support, & also the 61.8% expansion level of wave 1 of the current bearish trend. so i think price could make a break before continuing it's bearish movement.

CedricBenacquista

Hi I think that AUDUSD is promised to rise up, after finishing a wave 2 (in zig zag). So it's not the time yet to take a (very) long position; but, according to my analysis, i think that wave B of the ziagzag could reach the fibonacci cluster around 0.7560 & 0.7590n, before declining lot of traders have certainly seen the Head & shoulders formation, so the end of...

CedricBenacquista

hi traders "my" head & shoulders has worked. price also constituted a double bottom with the right shoudler (!!) next step : 0.73400, witch is the theoric target of the both pattern (!!), the 76.4% retracement of the previous "bigger" wedge, and the top of the reported channel let's see...

CedricBenacquista

hi traders. here is my point of view for AUDUSD (TF1) price is actually constructing the (second) right shoulder of the pattern (in my cElliot count it's the bottom of the subwave 2 of wave 3). price is also laid on a strong Support Area, & next of the 61.80% fibonacci retracement. of the bull progression. according to the momentum, there's a useful trendline on...