Still valid a bit change of sequence but validity remains
This wave pattern has been one of my highest success set ups as far as returns and consistency due to the simple complexity of this entire sequence, depending what we got going with fllows
We have a possible double three coming to an end of a cycle. Lets see if we are validated in the coming sessions
we are nearing a market cycle completion details in chart.
I have been bullish on gold for a while, but if wave counts and extension levels are solid, im expecting a sharp pullback from current levels. will be lenient with price a bit over extending as it already reached the 423.6 wave 3 extension target. I have gotten alot of criticism for wanting to short but we trade our plans and we stick to them for a reason.
Ive been expecting a pull on the dxy for some time now as it looks like it is nearing a 5 wave completion, thus we are seeing a long position on usdcad
i have only traded bitcoin a handful of times, success rate has not been too bad, but havent really applied the wave theory since i mainly started using it few years ago, same mass psychology applies to the crypto markets that drive investor sentiment. Will see if these patterns are valid and we get a move up to 14k+-
I believe we are going to see history repeat itself the way it happened during the 2008 presidential elections, if we in fact get a democrat in the white house the road to 12k will hit hard and fast, i will not add my wave counts due to the nature of in depth diving into the analysis i am convinced the worst is yet to come since we are passed the peak of a usual...
Given with what has been going on with the Virus, i think this pair pair will be one of the strong safe havens for many with the sell off we have been getting with the DXY, we will see how investor sentiment develops in the coming months.
Considering whats happening fundamentally to the long term projection of this currency, i am leaning towards an upward push still as the last structure i had published had been invalidated. Now that we have a bit more data, we can see the possible completion of a 5 wave cycle and its only natural for it to correct the current down swing in the coming weeks. How...
details in chart invalidation around 77.000
GBPJPY has a very interesting structure for the near term. If the counts are close to being correctly identified, i will be expecting this pair to go to 138 and beyond it what we currently have playing house is a completed correction of 5 swings. We have been reacting at price action levels in this correction which makes this all more intriguing, I am personally...