I believe that XAUUSD could be poised for a reversal, thus possibly reverting back to the former vibration area, the triangle’s bottoms.
There is a potential ending diagonal with a pinch of bearish divergence that might just deliver that.
• Ending diagonal pattern
• Bearish divergence
• Fibonacci extensions
• Large degree top
• Next expected swing on XAUUSD: 1200...
GBPJPY completed the complex Triple Three correction within Intermediate (B) (green).
Bullish INtermediate (C) (green) should commence.
Technicals in favor:
- Bullish Divergence
- Fractal Sequence
- Descending Channel (bull-flag)
- 50% FR of Intermediate (A)(green)
- FR & FE Confluence
- Bullish Harmonics
* 61.8% of the Intraday rise should be holding.
Trading Signal | BTCUSD | Summary
BTCUSD crashed since the time of the last post.
Trading Bitcoin | Buy Orders | Elliott Wave
I kind of seen this possibility, but the stake was high, and I decided to publish the opportunity, so it will not be missed.
We roll with the punches.
The Conservative Entry still remains in play, alive and still...
Intermediate (2) (green) Structure - Zig-Zag
Leading diagonal in Minor A (red).
Running Flat in Minor B (red).
Impulse in Minor C (red).
Intermediate (3) (green) - Expectations
Bullish Impulse, Extension in a Rally.
Technicals - Favorable Details
- Descending Channel within a Complex Correction
- Bearish Divergence at the termination points of Minor C (red)
BTC/USD (weekly) has been labeled within a Cycle Degree wave III starting point.
Cycle Wave II (black) has been called as the bottom during Dec 2018, unleashing the Crypto Bull Market.
Primary (2) (green) hit the bottom in December 2019.
Cycle II (black) Structure - Double Flat
Dec 2017 peaks and down until Dec 2018 bottoms - Cycle II (black)
Primary 1 (blue)...
I am looking at EURGBP at this time, along with other GBP pairs, because the structures are in sync.
This makes me think that indeed we are about to switch trends.
The views for EURGBP:
- short-term: bearish from current levels (approx. 0.83650) until 0.82300
*150 pips trade
- medium-term: bullish from 0.82300 all the way until 0.87500 and beyond.
XAGUSD - Elliott Wave Technical Analysis
Structure & Degree: Primary Degree Complex Correction (W)(X)(Y) (purple), Double Three
- Intermediate (W) (purple): Zig-Zag with a 5-3-5 sequence in its Minors ABC (red)
- Intermediate (X) (purple): Double Three Complex Structure
(conflict of trending degrees, corrective upon a correction)
Minor W (turquoise):...
Metals & Crude Oil | Elliott Wave Patterns | November 2019
Market: Metals & Energy (WTI)
WTI (Crude Oil)
Metals & Crude Oil trading has been predictable during the 2nd and 3rd quarter of 2019.
I've been able to ride the bullish impulse, but also to call the tops and get ready for the corrective phases.
NZD/USD - Elliott Wave Technical Analysis
Structure & Degree: 3-swings Sequence in a Primary Degree Y (pink)
- Intermediate (A) (blue) - Sharp Zig-Zag
- Intermediate (B) (blue) - Complex Expanding Flat in Minors WXY (turquoise)
- Intermediate (C) (blue) - Bullish Impulse
Minor 1 (green): 5-swing sequence, decomposed as a 5-3-5-3-5 in Minutes i ii iii iv v...
USD/CHF - Elliott Wave Technical Analysis
Structure & Degree: Primary Degree Y (pink) Complex Structure, Double Three
- Intermediate (W) (turquoise): Zig-Zag within Minors ABC (blue)
- Intermediate (X) (turquoise): Simple Flat within Minors ABC (blue)
Semi-Impulsive Minor A (blue)
Sharp Correction in Minor B (blue)
Ending Diagonal in Minor C (blue)
USD/JPY - Elliott Wave Technical Analysis
Structure & Degree: Intermediate Degree (A)(B)(C) (red) sequence
- Intermediate (A) (red): 5-swings sequence in a Leading Diagonal, Minors 12345 (red)
- Intermediate (B) (red) - Semi-Complex ABC Sequence:
Impulsive Minor A (blue)
False break-out in Minor B (blue)
Extended Ending Diagonal in Minor C (blue)
GBP/USD - Elliott Wave Technical Analysis
Structure & Degree: Complex Double Three in Intermediate Degrees (W)(X)(Y) (pink)
- Intermediate (W) (pink): Zig-Zag with Leading & Ending Diagonal
- Intermediate (X) (pink) : Complex Double Three in Minors WXY (turquoise)
- Intermediate (Y) (pink) - Simple Flat formation, with a Leading Diagonal in Minor A (blue) & a...
EUR/USD - Elliott Wave Technical Analysis
Structure & Degree: Minor ABC (blue) sequence, inside an Intermediate Degree (Y) (purple) wave
- Minor A (purple): Leading Diagonal within a 5-swings sequence
- Minor B (purple): Complex Double Three in Minutes wxy (purple)
Double Three Structure:
- Simple Flat in Minute w (purple)
- 3-swings Sequence Minute x (purple)
The Dollar Index (DXY) indeed formed the Ending Diagonal and then breached through, leading towards an official entry into bearish territory.
This gave all other major currencies the opportunity to counter the dollar's weakness, thus recovering an important part of their previous losses.
October has been mostly bearish for the USD, with a bearish sequence...