DavionL

DavionL

im looking for a double bottom at the current price lvl before the price advance up to the triangle line and retrace down again. current up trend line is still valid as price tend to bounce upon reaching the trend line.

DavionL

Price retested support area 3 times since last oct, currect candle stick is a piercing pattern, the next candle should close above the previous candle to confirm entry, s/l below support line abit, tp near the down trend line.

DavionL

Diagonal formation

DavionL

This pair is currently making a 5th wave, price projected to retrace on fib 127.2%, which then start the correction waves A-B-C.

DavionL

Base on 3 Elliot's wave rules, 1) wave 2 never go beyond or above wave 1. 2) wave 3 is the longest wave. 3) wave 4 does not enter into the same price territory as wave 1. The elliot wave is drawn as shown. Price has formed wave 4 through a double zigzag corrective patterns, 2 possible scenarios for next coming weeks would be: i) price continue to be in the...