Theto_Morifi

Theto_Morifi Updated 

EJ has given us a great bullish run in the past week. Wave 5 has been complete but in this 5 wave motive move, wave 5 is an extended wave. We also have the formation of a head and shoulders pattern at the peak of wave 5 within an ascending channel. I will wait for a break and retest for entry confirmation. This is a counter-momentum trade and will therefore...

Theto_Morifi Updated 

Price has broken out of a corrective bearish channel, and it seems that we may be in the stages of a bullish trend backed up by the large inverse head and shoulders pattern. We are between the second and third leg of the wave analysis. Looking to capitalize on the second half of the third wave. If you enjoy this post and you have views on it please feel free...

Theto_Morifi Updated 

UCHF appears to be traveling within a bearish channel. The channel is confluent with an AB=CD harmonic pattern. I am expecting a pullback to 0.96600 as a retest of an H2 ascending trendline break. I hope you enjoy this setup, Please hit the likes and comment with your views I would highly appreciate those. #FOLLOW4FOLLOW

Theto_Morifi Updated 

Here we have CJ testing a very strong resistance zone, which appears to have been losing strength with every retest. I am expecting the week to end with a pullback and the new week to bring about a breakthrough above to give us new highs. Please comment with your views, which will be greatly appreciated. #FOLLOW4FOLLOW

Theto_Morifi Updated 

GJ has broken out of a descending wedge, and forming an inverse head and shoulder pattern in the process. The breakout has come with a regular flat patter formed by a 3 - 3 - 5 wave motion. The trade confirmation will be determined by whether or not price breaks and retests the current zone it is lingering around. Hopefully you enjoy this setup. Please do let me...

Theto_Morifi Updated 

AU Is showing some divergence within its ascending channel while having completed a 5 wave move to the upside. Wave 5 in this sense is an extended version. It is valid because it extends to 100% of wave 1 according to the rules. Please feel free to throw in your views or if you enjoy this setup, hit the like and follow buttons for more. I highly appreciate it....

Theto_Morifi Updated 

On the H4 TF, it appears silver is forming a 5 wave move to the upside and is therefore providing short term exhaustion moves to correct its extensive spikes. I am net long in terms of momentum bias, as there is strong speculation for buyers to soon respond and push value up to $18.6. According to my chart, $17.3 is a retest level for the recent double top...

Theto_Morifi Updated 

EJ looks to be travelling in an ascending channel with corrective structure repetitions in similarity. Long position is confirmed by a break in descending channel, price reversed on a 50% fib level confluent with a support zone, Price also reversed within eliotte wave boundaries for wave 4 and wave 1 relationship. I will wait for a pullback to confirm trade...

Theto_Morifi Updated 

Lovely UCAD formation. After bouncing for a third time on the lower marked stong Support zone, it gives me confirmation for a possible third touch of the descending trendline above. Please like and comment if you enjoy this post, it will highly appreciated.

Theto_Morifi Updated 

It appears NU has been under correction for some time, following a massive bearish plunge. This serves great knowledge in understanding its motive. The corrective nature is quite unusual and thus drawn my eye to investigating the WXYXZ correction pattern and it seems that it has to complete leg XZ in order to validate the wave pattern. Quite interesting to watch...

Theto_Morifi

After the EUR bullish rally yesterday, EU has managed to complete what looks like a symmetrical corrective structure. With the presiding downtrend or bearish spike, it is most likely going to continue in that initial direction. It would be advised to set some targets within the triangle's vicinity. Please like and comment with your views they would be highly...

Theto_Morifi Updated 

Looks like AU has formed a 5 wave impulse and is currently in the impulse's corrective phase. Quite the risky trade considering the fact that this is a counter trend trade, it is however a good opportunity. Divergence can be seen on the H3 TF. I would highly appreciate your comments and views. Always welcome. Targets : @ 0.63700 @ 0.62500

Theto_Morifi Updated 

Nice structure proposed by EA. Expecting a minor pullback and then an entry as price is currently lingering around a minor resistance level. In the event of price not pulling back, entry could be established at 1.66800 to occupy a possible retest of that minor zone. Your views are highly welcomed and appreciated. Targets: @ 1.70100 @ 1.73500

Theto_Morifi Updated 

#FOLLOW4FOLLOW Silver is looking very great, after long awaited short positions and perspectives on its sister pair GOLD, it is finally looking ready to drop. It has bounced off major resistance at the top and should be looking to make its way down to the next viable support. A running flat pattern has the possibility of emerging. Looking to monitor this through...

Theto_Morifi Updated 

#FOLLOW4FOLLOW Looking at CJPY, it appears to have formed an ordinary bearish channel satisfying and validating both trendlines with three touches each. This then encouraged a 5 wave motive move made up of three spikes and 2 exhaustion moves. I am looking to trade the completion leg of this pattern upon the validation of wave 3 - 4. Targets: @ 108.800 @ 107.600

Theto_Morifi Updated 

#FOLLOW4FOLLOW Looks like GJ has broken back into what appears to be a consolidation zone. Expecting a pullback upon market open as a retest of the newly broken support. Target is the top of the zone but it is advised that profit targets for halfway also be included. Targets: @ 133.500 @ 135.300 Likes and comments abundantly welcome.

Theto_Morifi

EU has performed very well and deserves this final update post. #FOLLOW4FOLLOW

Theto_Morifi

Price has moved well for the first portion of the setup. #FOLLOW4FOLLOW