5 wave structure of the move down from 1.301 is almost complete. 5th wave of the last 5th is still missing on 1 min time-frame. Therefore I am expecting the market to move a little bit down toward 1.274 thereby completing the 5-wave structure and creating a bull trap. 1.274 is the level of the rising trending line, therefore price bounce is very probable. Very...
Sellers did not show up on Friday as expected. This made me believe that my previous wave count could be wrong. As on this moment this is my favorite wave count. I like good sized, perfectly formed and clear green color sub-waves of zig-zag correction. Wave (v) is still missing, and potentially it is underway. It may be equal to wave (1) by length, see green...
Today seems to be a pivot point for oil. Corrective second wave looks completed by now, it corrected ~50% of wave 1 of the down trend. The confirmation will be $62 level and taking over $60.
Good opportunity to sell AUD with tight stop at 0.7061
1. Neckline of Head & Shoulders pattern has been retested on Friday by 3 corrective waves up. 2. Correction have been rejected by 5 wave structure which must be the first leg of the next move down.
A-B-C zigzag correction commenced on Dec 25th, 2018 is almost complete 1. Wave C of the zigzag at the moment is forming 5th of 5th of 5th of wave C with the target 75.96 - 76.00 2. A-B-C corrected a bit more than 61% 3. Wave C will be exactly equal to 1.2*A at 75.96. What is interesting WTI does not support the today rally in BCO market, and it got stuck exactly...
Pullback to complete wave 4 with the following last leg upward to form wave 5th of 5th of C of A-B-C correction.
Oil will start next week with sharp move upward because it is in 3rd sub-wave of 5th wave of corrective wave C, of A-B-C correction taken start on 25/12/2018. Wave C is incomplete at the moment, but most likely will get formed during next week, since bulls make the most of thin marked opportunity. After that the downtrend will resume.
1. Main trend is down, wave (1) is completed, now it is at final stage of wave A of (2) zigzag correction . Zigzag has 5-3-5 wave structure. 2. Looking at angles of wave (i), (iii) and (v) which is still underway , you should notice gradual reduction, indicating the upward impulse is slowing down. 3. Oil is forming the 3rd wave (yellow) of the last 5th wave...
1. EUR is in primary downtrend since Feb,18 of which the first wave is completed on 15 Aug,18 2. The second wave is forming an expanded flat A-B-C, wave C of which is under way. You can see a text-book perfection divergence on MACD supporting the idea. 3. 5 waves formation Jan 2-10,19 has just been corrected ~23% with a perfect zigzag A-B-C with A=C. The price ran...
1. It is in primary down-trend started in Oct,18 of which the first wave completed on Dec 24th 2. The second wave seems to be completed A-B-C zigzag on Wednesday. 3. Last two sessions there was no motive wave upward even though a new top has been recorded. It was an expanded flat. You can see that almost all sub-waves in the last A-B are overlapped. Expanded...
Oil demonstrates some exhaustion on MACD. Move down through $56.05 confirms the idea, but move above 58.05 would invalidate it.
Wave analysis: 1. EUR is in either massive correction (with waves A-B-C) or down-trend (with waves 1-5) since about Feb,2018. For the sake if this analysis it does not really matter, even though I personally believe in the later. 2. First wave A or 1 has been completed in Aug 14th 3. Since then there is a mess with wave overlaps what makes me to believe it is...
Hypothesis #2 go Long for short-term, but go Short for mid-term I have two major hypothesis: 1. Downtrend commenced in October has already formed all 5 waves of the first big weekly scale wave 2. Only 1,2 and 3 waves of large down-trend have been completed and wave 4 is forming at the moment This post is all about hypo #2. 1. Wave 3 is 1.6 times longer than wave...
Hypothesis #1 go Long for short/medium term I have two major hypothesis: 1. Downtrend commenced in October has already formed all 5 waves of the first big weekly scale wave 2. Only waves 1,2 and 3 have been completed and wave 4 is forming at the moment This post is all about hypo #1. 1. Waves 1, 3 and 5 are of almost the same length. 2. End of wave 5 landed on...
1. Daily level: The price is in wave V of the uptrend took start in Jun17 Wave IV retraced ~38% of wave III and was completed in mid Mar18. Appearance of motive waves (5 sub-wave structure) from mid Mar18 let me to assume the correction is over. 2. 4h level: Waves (a)-(b)-(c) formed the higher level wave IV have corrective structure. (a) -...
1. Dispute the wave count of the upward move started in Jan16 whether it is A-B-C correction with A and B waves completed or an early stage of a new bull trend with waves 1 and 2 completed we should expect a pretty big wave upward which most likely will have 5 sub-wave structure (wave C of a zigzag or wave 3 of 1-5 motive wave). 2. Huge tension accumulated during...
1. The chart show us clearly two motive waves down taken place between 2015 and 2016 and a corrective wave 4 reaching the pivot point of wave 1, but hesitating to close a week in the price range of wave 1. 2. Several weeks prices failing to close above 1.8350 level, seems to be a ceiling. 3. Tree humps divergence on MACD confirms the upward move is out of...