UnknownUnicorn26193975

UnknownUnicorn26193975

Eur/Usd Expecting more downside on EU. Weekly Time frame - Structure is bearish making LL & LH Rejected the descending trend line & 61.8% Fibonacci Looks like the end of wave 4 Daily time frame - Price action is in a correction after an impulse to the downside ABC correction of wave 4 Price did break out of the descending trend line temporarily but closed...

UnknownUnicorn26193975

Today i would like to share some basic Elliot Wave analysis along with an example. The Elliott Wave Theory was developed by Ralph Nelson Elliott in the 1920s. Elliott found that financial markets have characteristic movements that repeat in perpetuity. He called these movements *waves," due to the troughs and peaks that present themselves in a cyclical up-and-down...

UnknownUnicorn26193975 Updated 

This kind of price action happens all the time, you just have to spot it while it's happening so that you can plan your trade and execute. I have put this together to give you an idea of the type of things I look for in the hope that it can help you too. Once price action has made a clear impulse to the upsides and taking out previous structure that's our first...

UnknownUnicorn26193975

ADA Daily Time frame ADA has been in a down trend since September 21 creating this descending channel and heading towards major support at 1.000000 where price has failed to break through numerous times now. Will we see price break out and reach all time highs again? What do you guys think?

UnknownUnicorn26193975

ETH H4 Time frame Ethereum has been given us clean price action to the downside since the beginning of December 21 with impulse / correction / impulse. On the H4 it looks like we could be making a ABC correction moving up towards the descending trend line & 61.8% Fibonacci level where i will be looking for a sell position targeting the -27% Fibonacci extension...

UnknownUnicorn26193975

XAU/USD Daily Time frame Gold looks to be creating a bear flag formation. We seen gold make an impulsive move to the down side towards the end of November 21 and since then it has been slowly making its way back up in a corrective manner. Price is currently rejecting the 61.8% Fibonacci where we have seen price react from once before so we could see a reversal...

UnknownUnicorn26193975

XRP Daily Time frame We have seen XRP make an impulse / correction / impulse to the down side finding support at the 70cent where we have monthly structure. Price has rejected this structure level twice and price has now broken out of the counter trend line. You can see after the first rejection of the monthly structure level price made an impulsive move to the...

UnknownUnicorn26193975

DXY Weekly Chart DXY is approaching the weekly 61.8 Fibonacci, daily structure level & larger ascending trend line. (price may temporarily break this trend line) I am expecting price to react here & predicting this to be wave 4 & for price to continue upwards to make a wave 5 giving us opportunity to short xxx/usd pairs.

UnknownUnicorn26193975

We have seen Gold pump in the last couple of weeks and now we are seeing price slowing down and possibly making a correction. I have previous structure & the daily 38.2 fib lining up perfectly so i will be looking for buys around here next week providing we see the correct price action. We could always come down lower towards the ascending trend line so we have to...

UnknownUnicorn26193975

XRP has been in a correction for a while now. We can see it is in a descending correction which looks like a large bull flag. It has all the signs to me that it's heading down to 0.70 cent or around that area. You can see the -27 fib target is just outside the Main ascending trend line, structure & descending flag pattern trend line. There is also a chance it...

UnknownUnicorn26193975

Looking for something like this on EN Monthly & Weekly - Bearish Daily - Bullish 4H & 1H - Currently bearish but i am looking for the 1H & 4H to turn bullish to take an entry long up to the daily structure & weekly 78.6 Looking for a break of the 4H descending trend line before looking to enter a buy position You could class this as a counter trend trade since...

UnknownUnicorn26193975

EUR/USD is bearish on the monthly, weekly, daily & 4H timeframes so only looking for sells, treating any move up as a pullback Expecting USD strength Looking for some sort of correction up to the daily structure level, 61.8 Fib & trend line to enter a short position.

UnknownUnicorn26193975

Expecting USD strength to continue therefor i am treating any USD downside as a pullback. Monthly / Weekly / Daily / 4H Timeframes are all bullish Looking for an ABC correction down to the most recent structure, fib & trend line to continue the up trend

UnknownUnicorn26193975

Gold created a bull flag pattern. I was bullish on gold from 2 days ago and when this pattern started to form i knew i was looking for longs. For the entry i started stacking the confluences together to build a bigger picture of my ideal place to enter a long position.

UnknownUnicorn26193975

Looking for gold longs. Break of wedge Pattern inside pattern Will be watching price action at this structure level. I will be bullish on gold unless it breaks the 4hr double bottom

UnknownUnicorn26193975

DXY in this flag pattern Expecting downside for the us dollar to the bottom trend line of the pattern. Continuation of dollar weakness after that is something we will have to assess later but for now this is what i am seeing. Looking for USDXXX short & XXXUSD longs

UnknownUnicorn26193975

EUR/NZD is looking like it is coming to the end of its correction there for i am looking for buy opportunities. I would like to see the price come down further before entering a long position but if price decides to keep pushing up i will wait until price has broken the trendline & re tests structure.

UnknownUnicorn26193975

Let me know if you have any pairs you would like me to analyse for you by leaving a comment :) have a great week everyone.