Nawaf__Q8

Nawaf__Q8

The price moved quickly as the third wave and the trend reached to exhausting level. I guess the third wave is about to completed or already done. The fourth wave probably takes the price to 1.2082 then 1.2036 levels. The invest strategy is short with stop loss above little the top.

Nawaf__Q8

The dow moved as predicted in the previous update and still in uptrend momentum. Wave 4 was so complicated to count and I count it as triangle correction after the decisive rise in price at a minor degree. The whole rise from 22700 is a either wave c or 1 of the third wave as we showed in the last update. What is surely coming now is a minor correction wave which...

Nawaf__Q8 Updated 

I prefer this count as it fits with the rules and guidelines. There is another suggestion which supposes the triangle has not completed yet.

Nawaf__Q8 Updated 

There are two possible counts for this pair. It is difficult to pick one until the 1.19713 penetrated. Once that happened the bullish count is more likely.

Nawaf__Q8

The view is more clearer now. The pair is rising as impulse wave of C. Still there is more room for advance and I have no other count which make bullish status 100% at least for me.

Nawaf__Q8 Updated 

The advance in oil reached 38% of the proceeding wave and that enough for correction wave to completed but not rule. There is a missing uptrend wave which is the last wave in cycle take price above $36. The wave 4 seems to unfold as a triangle. Good Luck.

Nawaf__Q8

I believe the rise from a major bottom is a correction wave (ABC). the price now in the last fifth wave of C or 1 of C. Both scenario indicate that the price should make new high and this is a good opportunity for the short-term trader. I am in since last week and my SL is the bottom of last week. There is another suggestion that wave 4 has not completed anf...

Nawaf__Q8 Updated 

I think wave 4 has not completed yet. No action now just watching.

Nawaf__Q8 Updated 

Interesting small triangle in this pair and a good spot for swing and day trader. stop loss 1.2319

Nawaf__Q8

The price now on the last stage of an impulse wave. In finer degree the price may retrace to level indicated in chart and then jump as a last and final wave in this pattern. For short-term trader, it is a good spot for both directions (long or short)

Nawaf__Q8

Regardless of the higher-degree count, the impulse wave completed and followed by correction wave and price in minor wave c. The other count suggest the motive wave is part of correction wave in higher degree and what happened now is a new impulse wave.

Nawaf__Q8

Let's hope this count work.

Nawaf__Q8

Hope trade wave C profitably.

Nawaf__Q8

Chart speak louder.

Nawaf__Q8

Let's watch and act accordingly. No action taken here.

Nawaf__Q8

This is my plan for next week. I think the big correction is about to begin.

Nawaf__Q8

The price seems in second wave correction. there is no strong evidence that it is completed. Generally, the pair is targeting lower prices.

Nawaf__Q8

I see oil about to make a new high above $28. Wave 4 is unfolding as triangle.