SharifAzadeh

SharifAzadeh Updated 

Target and Stop Loss levels are shown on the chart. Good luck, Ali Sharif Azadeh, CFTe

SharifAzadeh

The 45 pips range between 1.1052 to 1.1097 region makes a strategically important area for EURO. This range has been touched countless times and if broken, will invalidate Elliott Wave analysis of many big boys. Wait and see whether the Bulls have the courage to break this stiff resistance up. Good luck, Ali Sharif Azadeh, CFTe

SharifAzadeh

Inverted AB=CD, both in price and time dimensions. Bulls beware, Good luck, Ali Sharif Azadeh, CFTe

SharifAzadeh

I think after a 5 wave decline for Wave A, we had witnessed a corrective Wave B which seemingly ended tonight and Wave C has begun. I project this wave C to end in the 1060 to 1063 region where: 1- Inv AB=CD 2- AB=CD 3- Bottom area of the channel Good luck, Ali Sharif Azadeh, CFTe

SharifAzadeh

This pair has been moving through a channel. After reaching the top area of the channel on 2nd of December, the bulls threw in the towel and with ECB inaction on 3rd of December, the decline magnified. Today's follow-through fall has made the decline into 5 waves which means the overall decline has just started. The low area of the channel provides a good support...

SharifAzadeh

After breaking of the upward channel, we have witnessed an impulsive decline in 5 waves. This impulsive decline has been followed by a seemingly irregular flat 3-3-5 correction which should be at or near completion, specially since the price is now at a stiff classic resistance zone. If bears manage to take out the 185.111 support, I will be bearish for a 500...

SharifAzadeh Updated 

Breaking down of the regression channel will be a good trigger. Good luck, Ali Sharif Azadeh, CFTe

SharifAzadeh Updated 

It seems that Aussie bulls have not given up yet, even though there was disappointing news on capital expenditure. If this 4th wave scenario is correct, then we would have another thrust towards the 0.7353 area wherein a Shark pattern completes and there is a good EOW projected area. Good luck, Ali Sharif Azadeh, CFTe

SharifAzadeh

The recovery from the 1.2828 looks exhausted. I think if the neckline is broken, we will witness a hell of a good selling pressure. This analysis is in line with my bullish view on Oil. Good luck, Ali Sharif Azadeh, CFTe

SharifAzadeh

There are various reasons to think the bearish onslaught might halt here: 1- Massive bullish Inverted AB=CD 2- Change of polarity zone 3- Bullish Butterfly 4- Bottom of regression channel Bulls should take out today - 2nd of December - High in order to convince the bears to give it a damn break. Good luck, Ali Sharif Azadeh, CFTe

SharifAzadeh

End Of Wave projections and a Deep Crab tell us that Cable might start a rally from these levels. Good luck, Ali Sharif Azadeh, CFTe

SharifAzadeh

After rising sharply over the last weeks, this pair seems to be poised for a correction. Breaking of the support at 1.542 will boost my confidence in this bearish scenario. Good luck, Ali Sharif Azadeh, CFTe

SharifAzadeh Updated 

This Gartley should cause prices go up. Entry point, stop loss and take profit levels are shown on the chart. Good luck, Ali Sharif Azadeh, CFTe

SharifAzadeh

This bearish Butterfly will hunt Aussie. Escalation of Russian-Turkish conflict will help this scenario. Entry, SL and TPs are all shown on the chart. Good luck, Ali Sharif Azadeh, CFTe

SharifAzadeh

This massive change of polarity zone is not an easy resistance to break, specially when the price is moving in an overlapping channel. A bearish AB=CD pattern also warns us of harmonic resistance as well. Bulls bewars! Good luck, Ali Sharif Azadeh, CFTe

SharifAzadeh

As Australia is a main exporter of Copper, there is a strong correlation between the metal and AUDUSD rate. Recently, there has been an ongoing divergence between these 2 instruments which usually move in tandem. While Aussie has been registering higher highs and higher lows, Copper has become under sever selling pressure and its August lows have been breached....

SharifAzadeh

This pair has recovered nicely from the August route but the form and structure of the uptrend looks rather corrective, forming a massive bearish Gartley pattern. If the 122.21 swing low is broken, I will go short targeting the August lows at 116. Good luck, Ali Sharif Azadeh, CFTe

SharifAzadeh Updated 

This pair is very prone to a massive bullish breakout. After completion of a huge bullish Inverted AB=CD pattern with almost 350 pips for each leg at the lower end of a descending channel, price is seemingly carving out a Head and Shoulders pattern and also a Gartley pattern. Break up of the recent swing high at 0.7140 will be accompanied by a breakout of the...