This Alternate Bearish Bat in the GOLD(XAUUSD) shown chart exemplifies the structure of the pattern. The 0.382 retracement at the midpoint (B) was the indication of an extended 1.13 XA projection as the defining harmonic resistance level 2075 of high. The extreme BC projection effectively complemented the 1.13 XA extension to define the precise area...
The combination has taken place. Wave (C) of ((X)) is unfolding in 5 waves. Wave 2 of (C) is to complete. we are going to ride on wave 3 of (C) Important Key levels: 102.99 99.43 88.5
_____________________1 Hour__________________ The wave C of wave ((4)) is to complete and we are going to ride on an impulsive wave ((5)). One can take safe entry when price breaks parallel channel or Enter at wave 5 of wave (C) As per rule wave, 4 can never overlap the starting point of wave 1 so our SL will be high of wave 1. Note: the retracement of wave...
--------------------------- Timeframe : 8 Hour --------------------------- 1. Bullish scenario : 2. Bearish scenario :
we are looking for lower 5 waves of wave (v) of (((iii)).
GBPUSD chart analysis using Elliott wave.
formation bellow 211.10 is corrective.
USDCAD analysis using Elliott wave principle
We are on the 4th wave of the unfolded triangle. Low is acceptable unless you see levels above 0.7700. the price below 0.7646 indicates that wave c is forming.
4 hour timeframe analysis using Elliott wave analysis.
This is the weekly timeframe chart of LTCUSD. currently, we are on the correction phase. wave 4 will guide us to ride on 5th wave. Important levels: 41.6484.50,247.00,413.91
USDJPY: Daily Timeframe Analysis I will upload a small timeframe analysis very soon.
The triangle is to be composed of 5 waves.(A,B,C,D,E) In which wave D is creating sub waves. The end point of wave D will be the starting point of wave E. E wave is the end point of the triangle. The E wave is the end point of the triangle from which the price will move upwards with great force. alternation: If this is not a triangle then wave 5 started from the...
61.8% Retracement wave 4 at 27011 expected Alternative: ((A)) is completed, waiting for ((B))?
There is not still any clue but the price might can start the move for wave iii. Let's look for a lower timeFrame.
The risk and Reward ratio is very for the short seller on USDCAD TF - D
The Triangle has developed into Wave-iv. Therefore, we can assume downward move in progress. By the using lower TF (1hrs) , we can determine exact trading entry, exit and target. Shortly, I will upload the chart of 1hrs.