SamuelToro

SamuelToro

Wave 4 is soon coming to an end on the bigger scale, as wave 4 exhibits itself as a long lasting sideways correction, wave 2 being sharp and quick.

SamuelToro

There is big amount of divergence on the Daily chart in this pair, signifying a big potential downside move

SamuelToro

We are in a over extended, debt fueled, supercycle that is coming to an end. On a close (daily) view, it can be seen that break of structure has been made already. This kind of drop will cause a huge sell-off in the stocks . You could say that "market crash" will come soon. It is also clearly visible that there is huge amount of divergence between price and...

SamuelToro

The 3rd leg of the Elliot Wave Correction is about to start soon!

SamuelToro

There has been a breakout from consolidation and now we are expecting a heavy move downside in the short-term view in this pair

SamuelToro

It seems that the pair EURJPY has found support on the level of 115.000 area. This is also the trendline level, a retracement back to it has happened, now we will wait will we see a up move from here!

SamuelToro Updated 

Seems that the pair has completed a 5-leg move and is ready to take a move to the downside from here. Heavy Divergece on MACD and Momentum present

SamuelToro

Possible move down to 112.000 area that has already started to gain ground. The 5th leg move has completed and we are expecting a move down.

SamuelToro Updated 

Second tap on resistance line, if these levels are respected, we will expect a downside move from this pair. There is also heavy divergence on the Awesome Oscillator (momentum), which signifies good opportunities for short trade here. Also the MACD appears to have divergence (not shown here)

SamuelToro

Could an 5th leg extension be possible and a possible continuation in the tunnel?

SamuelToro

After 5 way correction has completed, I will be expecting an upward move from this pair at around 114.000 area, a good buying opportunity. Also momentum is gaining ground and seems to be ready to turn into positive territory in the coming days.