It seems to be at wave 4 which is a flat form. Looking for sell from top of Flat.
Breaking out 1H correction, price would travel to bottom. Then looking for buy! Let see how it develop!
The first impulse wave is developing after ending end wedge. The current wave may be a wave 4 - expanding flat. Buy the bottom of wave 4 and stoploss at wave 1 peak.
Some reasons to buy: AB=CD In process of wave B of Y
A safe trade with this pattern! Buy the current H1 correction! Minimum target is within triangle. Hope this up wave will breakout and going ahead!
I believe that price will break the peak to go ahead. The current corrective wave also should spend more time than wave 2. Let see how it develops!
The chart tells my idea for both cases: either triangle or a running flat. Booth cases offer a bull zone but not now. I will wait for a break out of current trend (current trend may form and ending wedge) and look for buy pullback.
Price formed multi A-B-C waves and narrowed the price range as to form a triangle after wave W and X. A triangle is initial for last wave (wave 5 in this context). Waiting and sell wave 5.
According to my count, the corrective wave may fulfill the W-X-Y pattern and the next move promised a breakout at the bottom.
In previous ideas, I tried to capture next bear impulse but all failed. Looking at the chart in details, I decided to close all position of this pair because I cannot identify where price will go. Price may develop to next impulse wave because previous wave is an ABC. Price may also drop down a 3 wave to form regular pattern such as a flat. So, I will wait for...
It seem to correct 1 more impulse to create ZZ correction pattern. Keeping eyes at zone between AB=CD and 0.764 Fibo.
Price had broken and made a Lower Low that confirmed an 5 waves of wave Y. Looking for sell!
In this pattern, wave 5 touch exactly the parallel line of line 2-4 and bounding up to touch target line 1-4. Let see how the wave develops...
An interesting wave pattern in 1W. The chart tells everything about wave patterns. Just looking for bull for next months
Correction had been broken out. Wait for pullback to buy!
It seems to be in correction and this wave in process of developing. We can see the structure of 3 waves followed by 2 waves. So one more wave up is expected for next week.
The chart told everything. 5 wave down followed by 3 wave up ==> next 5 waves down..... Capture the internal waves to sell during the next months of 2016! :)
Price is consolidating outside of the bull channel is good signal of more downside impulse wave. If price moved lower than the confirmation line, a massive move will begin soon.