ElliottWaveBelgium

ElliottWaveBelgium Updated 

We completed an impulsive wave up which might be wave A or 1, in any case it doesn't matter too much as we know we should see price go lower for a wave B or 2. Price made a clean wave (a) lower and looks like it's making a Flat (= pattern where wave b goes below the beginning of wave a) for wave (b). Price should find resistance around 8.6700 and turn. We will...

ElliottWaveBelgium Updated 

We are in a larger red ((abc)) correction and currently in wave ((b)) of 2/B. Price is unfolding as a complex (wxy) correction and we have reasons to believe the low is in. We should therefore see price go up in impulsive fashion (5 waves up) for red wave ((c)). Why the low might be in : * Wave (y) turned around at the 61.8% projection of wave (w) to (x) * We...

ElliottWaveBelgium Updated 

We are in a corrective move in this pair and currently in wave (b), playing out as a Flat, meaning wave b goes below wave a start. Now we are making a 5waves move up for wave c of (b) Price should find resistance around 1.054x. And if we can count 5 waves in, then we have a good chance to see price reverse lower towards 1.0350.

ElliottWaveBelgium Updated 

Flats appear in wave A only when it's A of another Flat, which might be this whole structure we are seeing now. In which case price should not go below 1.5000 - or - (Favorite) If the alternate count is correct then we might see price go down to 1.4970 - 1.4990. But not further than 1.4930! In any case, do not try to catch a falling knife! Wait for a...

ElliottWaveBelgium Updated 

We have a bearish impulsive wave. We are currently in wave C of wave 4. Price usually goes a bit outside the channel but gets back in again. We can see resistance around 8760 - 8780, I expect price to turn lower at this zone. We might see price go sideways which is usual for a wave 4, do not stress out, just have patience. We might even see a triangle...

ElliottWaveBelgium Updated 

GBPUSD - Falling because all amendments are getting rejected, Theresa May keeps the control over the negotiations. Let's see if price can find any support around 1.3030 - 1.3070. My view is cautiously bullish but if those votes do not give any good result, we might see cable go down a lot more

ElliottWaveBelgium Updated 

Price is trading lower but because this move is very slow I don't think it's bearish. We seem to be making an Ending Diagonal but the thing with those is that wave 1 is in 3 waves, labeled ((ABC)) in black but we can also count it as an impulse, labeled in pink. We also have a possibility of a big running triangle that ended at 3556, meaning we will see price go...

ElliottWaveBelgium Updated 

Silver has been in a bullish impulsive move now for since end of last year. And it might come to an end around 17dollar. More upside is possible so do not use a TP but rather use a Trailing Stop or manually move your Stop at each level.

ElliottWaveBelgium Updated 

ETHUSD can go LONG if you have not already Stop: 112.5-113 (depending on your broker) TP : to be determined. (For the others, move your Stop only) This trade was published first on my Telegram Channel Join it to have the latest updates, it's FREE ! t.me

ElliottWaveBelgium Updated 

Tomorrow we will have an important day for the EURO, with the Interest rate decision & the ECB press conférence more importantly. No rate change is expected. The focus will be on the press conference. There are a few key questions Draghi will have to answer. 1) Will the ECB change its risk assessment around the economic situation? 2) Can the rhetoric about...

ElliottWaveBelgium Updated 

Price fell nicely as expected. We should see price turn back up around the 261.8% level. The following move might be a simple ABC correction, as labeled, or we might start to rally higher again. In any case, there is no clear possible trade here, for now, there are a lot of easier ones, trade them. I suggest cross pairs. PS : This chart was posted on my Telegram...

ElliottWaveBelgium Updated 

We might see price go higher for a wave C from here. Let's see if the support zone will hold. To avoid an early entry I would like to see an impulsive (5waves) up and buy the pullback A break outside the upper channel would confirm this anticipated bullish move. If the support zone does not hold, this idea will have to be revisited.

ElliottWaveBelgium Updated 

We got a very sharp reversal from 1.36 as wave A and we should now be in wave B, which is unfolding as a temporary 3 wave pullback ((abc)) and might find resistance around 1.34 and turn lower for wave c. Notice that there is a small gap at 1.34 and we know price has a tendency to fill them. You can short this pair around those levels with a Stop above 1.366...

ElliottWaveBelgium Updated 

The overall trend looks Bullish here but we are in a, what seems, big Triangle (ABCDE) in wave B (green). We should be in wave E, which is the last leg of a Triangle. Know that on triangle price sometimes overshoots the trend line before turning. But it needs to hold above the wave C low at 8620! A rally above 9100 should confirm more upside possibilities. You...

ElliottWaveBelgium Updated 

We are in a very complex correction here. I believe we will see one more push higher up to 98 then a new low down to 94 or a bit lower. Only then will we see USD strength kick in good and take the EURUSD to new lows ( and same for all other pairs).

ElliottWaveBelgium Updated 

Looks like a good opportunity to short this for a few pips. Pending order at the 61.8% retracement level. If price does not reach it and goes lower, just cancel that order and look to buy once wave C of 2 ends. Entry : around 1.2930, 61.8% Retracement level. Stop : 1.3020 Targets : 1.2740 / 1.2670 / 1.2580 Third target has the least chance of getting hit,...

ElliottWaveBelgium Updated 

I believe we are in a Triangle that has been lasting for more than a year. We could finally see the break-out on February. This trade has a profit potential of 1:10 to 1:15 !!! Will look to buy around 265, where wave C equals wave A. This trade is valid as long as we remain above 245!

ElliottWaveBelgium Updated 

We are in the last wave of this up move, looking for 56.3 -56.5 as a termination zone. We should, therefore, see a correction lower for wave B. (Be aware, the correction lower might be a complex one). If you want you can short this from the potential top from 56.5 but I would suggest waiting for wave ((i)) to end, and short once wave ((ii)) starts to lose...