5 Waves cycle move lower has ended! There is now a potential rally ahead. This corrective breakout flag might be followed by a big move higher. Looking for a move towards 1.2200/1.2100 and a small bottom to be forming. I will enter with a tight stop and gun for a big move towards 1.25 and 1.2750 higher. Use proper money management and risk management. Wishing...
Chart tells the story quite accuratley. 5 wave impuls lower has ended. Market is going to make an important Higher Low. I see a new impuls higher has started with the fundamental "May speech" shift, i am looking for a corrective type of move towards 1.22/1.2250 for a long entry with a stop at 1.21. My first target is 1.28 and eventually i will let a part of my...
The chart says it all. 5 Wave impuls lower was followed by an impressive 10 month long textbook WXY correction pattern that is currently coming to an end. Wait for the market to form a Lower High maybe around 1.3400 and enter a sell targeting the 1.25 lows. Dont rush the entry, wait for it to form some kind of topping pattern on the 4H chart for example. Note:...
Is it going to turn at 7125? 7150? 7240? 7260? 7300? 7400? Its also possible that it doesn't turn and it simply breaks the 7480 high. Nobody knows and i dont like to play guessing games, and thats why i prefer to wait for a topping pattern, and for the break of the red shortterm uptrend line before initiating a sell position. Patience is a virtue, and it makes you money.
If your bullish on gold prices, Alamos could be a great proxy to invest to. Major 5 Wave downmove was followed by a minor 5 wave correction higher towards 10$. Now we had an ABC correction towards 6$ of this 5 wave bull move. Market formed a classical flag and broke impulsivley out of it to test 9$ resistance. I am looking for a corrective type of move towards...
Since october we have been moving in a sideway motion. I think this range is coming to an end. The bulls dried out the bears, and are now ready to take the price to the next level higher at 360. The impulsive breakout yesterday is paving the way for more gains to come. Note the bullish hidden divergence, which also shows the increasingly strong hand of the bulls...
5 Wave impuls higher was followed by an ABC ZigZag Correction (W) and an ABC Flat Correction (X). Then an ABCDE Triangle formed finishing wave (Y). Creating a perfect WXY-Double Three Elliot Pattern. Price broke impulsively higher, and is now consolidating above the top of the triangle. Now i am expecting a 5 Wave impulsive move higher in the coming...
As usual the chart tells the story. In 2016 we had a 5 wave impulsive move higher from a multiyear low @ 810$. Signalling that this low is important and solid for now. Since august platin prices have been in a 5 wave downmove the lows of wave 5 touched 890$. It then took the market 2 months to form a decent bottom around the 900$ handle. Now in the recent days...
The chart tells it all. I have been waiting since weeks for this move to happen. Wait for a retracement to 1.0380/70 and place your stop at 1.0330 and let the market do its work. If you are more conservative, wait for the wedge break higher and enter on retest. Trail the market higher and give it some breathing room. 1.0750 and 1.10 would be targets, even a move...
I am not seeing any fundamental reasons right now for the pound to break recent swinglows around 1.20 thats why i am seeing this downmove from 1.2750 towards 1.2200 as a textbook buying opportunity. The 5 wave downward move has ended for me on 1.22 and the market made an impulsive move higher towards 1.2370 taking out several resistance areas. So 1.22 shouldnt be...
After an impulsive 5 wave move higher, we have been for more than a year in a corrective pattern. This falling wedge pattern is in my opionio coming to an end. Several hints are showing an exhaustion around the 1.50 handle. Including the 78 fibo retracement level, and a big monthly trendline acting as support. I think in the coming weeks, months there might be a...
The chart tells the story quite accurate. We are within a textbook longterm uptrend. The market has been consolidating for about a year, creating a big range, that is in my opinion currently coming to an end and providing us with a beautiful buy opportunity. In recent weeks the market formed the right shoulder of this inverted S-H-S pattern and it led to an...
Blue Scenario: Price makes an impulsive wave higher, towards the 1.06 handle and takes out several important levels. In this case dips/retracements toward 1.0530/00 should be bought aggressively for a potential move towards 1.0750 and even 1.1000/1.1200 could be in the cards on a larger timeframe. Red Scenario: Price fails around 1.0500 level, and begins to grind...
I think the chart tells it all, after breaking a huge triangle on the weekly chart (golden lines), market created a new triangle below the breakout point (violet triangle), you can say it is some kind of an continuation pattern. After the bazooka from draghi last week, euro moved sharply lower, we have been consolidating for about 48hours, and i personally think...
EurAud Confirmed the huge triangle break, and is now forming a beautiful Shoulder Head Shoulder trend continuation pattern. The right shoulder is currently in the making, and on the 4H Chart the market formed a beautiful evening star in the recent bars for me a sign that the upward movement is weakening, assuring that view, is also the fact that the bulls failed...
This is an interesting pair, i have been watching and trading in the recent weeks and months. I am expecting a huge bull move. And the chart is showing that this market is getting ready for this move. On this weekly chart, we see a huge Shoulder Head Shoulder Pattern that has been forming for 2 years, and right now we are forming the right shoulder of this...
The 4H chart, is showing that this market is making a textbook diamond bottom. Diamond bottoms are strong reversal patterns, and looking at this market, any dips should be used, to go long, with a stop below 1.59. The target would be around 1.64 Good luck.
I think this chart talks for it self. In my opinion this market is currently bottoming out after forming a huge falling wegde. A falling wedge is traditionally a exhaustion pattern, and looking at this chart there is quite a chance for decent move higher. I am expecting to see a dynamic move higher towards 1.65/66 from there we will see a corrective leg towards...