There is a pattern, that is not covered by most of the analysts - that is a structure suggested by Trader Evolution, with the WXY from the top, and we are in the final wave of the wave Y.
The ending diagonal, according to this scenario, has its limit at 1,77 (you may calculate more precisely yourself - the fifth wave in the diagonal should not be larger than the...
Upper line of the base channel
Median line of a pitchfork
127 fibo level for the fourth wave
Wave 1 of the assumed impulse should not be overlapped.
For the wave markings please refer to the earlier post today
Nice place to long.
Warning: a pullback may be more complex, but, likely, just a longer flat structure.
Most retail brokers show a gap, that is not...
That's where I will definitely sell.
Meanwhile, my idea with USDNOK short was perfect. On Friday I wanted to long Oil, but decided not to leave a position for a weekend )) anyway, now the structure seems to be more clear, and I will buy the fifth wave if proper PA and structures will appear.
Have a nice trading week!
If price draws a flat (at this point of time we have clear two three waves, marked A & B), than I am selling Gold.
Usually triangles are a strong support/ resistance zones, as we can clearly see from the last downside move.
Channel still holds, but this is not its mission. It should demonstrate - if broken - that the prior trend is likely over and we turn whether...
There are traders who boast trading the only one pair - implying, they know it perfectly.
Just in case, I showed just two options on a weekly timeframe, and two options for a bullish scenario.
Are you sure you know how to trade it? Who knows the future trajectory for sure? No-one. But it is not necessary.
This post is for my subscribers who have joined the...
I suggested to watch for a pullback earlier. It may turn out that the pullback was a rather rare but an interesting form of a running flat.
It may speed up its fall right from current levels, meaning there is no chance for a deeper pullback, at least, for a couple of days.
That’s how I see it.
The structure is almost complete on a senior time frame, and right now it is a very promising one.
It is some 90% ready.
I guess, there is still some room for long trades within the evolving ending diagonal, and as soon as price approaches fe 162 for the wave C of a flat it will become extremely dangerous to buy.
I label this post...
While a lot of traders are longing cable, I have certain doubts and earlier posts were consistent with the view today.
I see a clear flat structure, having 3 -3 waves in A and B, and the current impulsive move up is consistent with this assumption.
An ending diagonal may be already in place, but, I guess, it will take more time to complete it.
Wave C travelled...