URIFX

URIFX

Setup: After setting up the Wolfe wave, price moved up to form 1st impulse wave. Now we are in corrective wave with double zigzag. It seem to be in ending of correction. I will capture the next impulse wave #3.

URIFX

The market seems to form the 1st wave of next impulse wave after creating a ABC corrective wave. This corrective wave may end @ creaction line and @38.2@ Fibo level of 1st impulse wave. I will looking for a long when wave 1 complete and follow by a corrective wave 2 with the condition that wave 1 must break the bear channel (bold blue line) to avoid the trap...

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My Notes: We are in the end of a corrective wave (may be wave 2) of the main bull wave. Why: 1/ This is not a impulse wave, because there is a overlap of wave 4 and wave 1 (pink line). 2/ The ABC also in form of 5-3-5 waves 3/ The bottom of the retractment of main bull trend (major wave 1) @61.8% fibo level. Next, I am looking at the development of current...

URIFX

The price form HS pattern Right shoulder end @ wave 5 in the same day with left shoulder (97 bars) Buy @ breaking of RED trendline

URIFX

Price may form a Wolfe Wave at the end of Wave E in a larger Expanding Wave. Any break of 0.7274 may confirm to continue the main bull trend.

URIFX

There are multi reasons to sell this pair: 1/ The bull trend is the 2nd corrective wave of the bear trend line @ level of 76.4 and 61.8 ( this wave can retract 100% wave 1) 2/ There are too many level of buyer there. 3/ Price seem to reach the reaction line if we draw a central line from the top of the bear trend. 4/ Price action form a pin bar in 1H. Short this...

URIFX

This pair complete 4 legs of ABCD in range. Looking for confirmation to go Short or Long.

URIFX

Conditions for bull 1. Price formed bottom #5 by breaking larger trend line (Line ) and bottom #5 within line and line . 2. Target is line (price may touch line sooner than deadline) 3. Deadline for this pattern is 19 June.

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Notes: Up trend is going 74 days within channel between Median Line & Lower PL. Price bounced 4 times in zigzag pattern. MACD divergence RSI shows over sell. Trade: go long Stop Lost @0.78528 Target @0.81361

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Notes: Form a triangle in corrective wave ABC @ Fibo level 38.2! waiting for wave 5 to form WW here! Target is number 6!

URIFX

It likely ending wave 4 for some reasons: 1/ This is a correct wave because it formed a ABC pattern with smaller flat forms. 2/ This wave retract near .618 Fibo level but not overlap wave 1. 3/ MACD divergence forecast a bear trend. Forecast wave 5: I drew a line from 2 and 4 then project this line to make a channel where wave 5 will play!

URIFX

Notes: Price behavior: positive respond @ hot zone => create a pin bar after a mall corrective swing. Trend: Up, following by Median Line. Does trend end? No, price is developing 5th wave.

URIFX

4H time frame formed a beautiful Elliott waves. We are in sub wave 5 of wave A! Go long!

URIFX

So clear! Price are following D1 Pitchfork from upper line and forming ABC pattern!

URIFX

Pricing form a flat channel with ABC patterns.

URIFX

Purple line is target! Waiting for a conformation by a long leg bar as 20 April!

URIFX

Price had reached the Reaction Zone. This zone was reject by strong bar on 18 Mar! I will looking for short opportunity here!

URIFX

Notes: Following Median line, price form 3rd peak and range within triangle pattern. Price may break small triangle to form larger triangle at least!