Looks like an incomplete flat, which is why it might go up and test/break the top, before it's continues the bigger downtrend. This would complete a bigger corrective structure, and raise the probability for the start of a bigger downtrend. This is strictly wave-analysis, I will use MACD-momentum aswell, to look for divergence, which also can indicate whether a...
GBPJPY Looks like an ABC-flat structure. On the daily we also have an ABC-flat, so we're definitely looking to buy this pair.
NZDUSD A sell-setup in the making. There's divergence in the charts which indicates that the sell is a short-term setup. So we might or might not be looking at the last impulse down, before it starts correction upwards. If you look at the daily structure, you will notice we are in the third wave-C. So the longterm forecast is bullish, but for now, look for the...
NZDUSD So, I noticed a flag forming on the 1H chart, which I took. If you look at a 4H or daily timeframe you can see that we are in a bigger downtrend, a trend that need to be corrected. I think the bigger correction is in the making now, this is why a buy-setup right now might be a good idea, since it can probably move up for a while. Right now it looks like...
Could look like a short-term trade down, for the C-wave, and then long-term trade up. It looks like we're in a consolidation on the bigger picture - which is close at breaking and will then continue the upside trend. This is my view of the chart today on Sunday 23-07-17. All I can do now is to watch how the price develops, adapt to new information and catch the...
It broke out of a daily correction, and on the 1H is finishing what looks like an ABC-structure.
Looks like another sell setup is forming. I'm probably gonna sell it again if it makes a flag, and breaks that flag.
Seems like we have started a nice downtrend, right now from the looks of the structure, it's either gonna correct some more for one more up-wave (divergence might suggests this), or it will move down in a minor wave-3, we'll see what the structure decides to do.
I Bought it at the break of the trendline, since I'm expecting it to go up as a bigger wave in a 4H correction. So basically it's at the bottom. If it breaks the next structure/trendline, makes a correction, then it is for sure going up, up, up. So right now, I'm waiting for that confirmation, gonna put it to breakeven when it breaks the structure/line
Looks like we're getting a wave down (possbile C), and then we can look for the impulse up. Complex corrections are always tricky, and I find them hard to read, it's really all about adapting to whatever kind of structure develops. This is why it's important to understand structure/patterns, so when you see the price develops in a certain way, you can create an...
Looks like we're getting the C-wave up, and then our down-impulse
I went to a shorter time-frame to try and identify the direction of the larger trend, and it seems like it's ready to impulse down now. Structure looks like it's making a 5-wave impulse now, let's see
My thoughts on possible structure... If we're in a wave-4 correction, then the structure will not trade below wave-1. But, if it does trade below wave-1 then the structure is invalidated and we're not in a big ass impulse, but rather somekind of correction
Are we looking at a flat??? buy it at the bottom of the c-wave if it goes down, or if it just decides to break to the upside before it goes down. Either way, look for a buy-opportunity!!!
Looks like a zigzag structure, very impulsive correction, which can fool me to believe that the market is going up. But we've got a lot of divergence, which suggests no more upside for now. Let the zigzag break the parallel structure, make a correction for the downside, and then sell! It might go up a bit more, to the 23.60% fib on daily, so be patient, watch the...