WaveAnalysis

WaveAnalysis

Hello Traders The last low can be the end of the bigger correction, and what has been made after the last low can be the reversal impulse. If so, we should have an upward impulse, which will break the previous top. That's why I placed a pending order and I'm in the trade now. The risk here is the downtrend line. If it's broken, I'll buy more after a bigger...

WaveAnalysis

Hello Traders The last low can be the end of the daily running flat. I'm waiting for a reversal pattern to place a pending order. I hope in the worst-case scenario we will have a big enough correction. So we will be able to move SL to BE. Trade with care. Bulent

WaveAnalysis

Hello Traders It broke the top of the blue A wave and dropped immediately. It looks like we have a complete regular flat. Of course, it can go up more. We have still some room under the orange trendline and a pretty strong Fib confluence. So we will see if it will fall, or make a correction for one last upward impulse. I'm waiting for one more upward impulse and...

WaveAnalysis

Hello Traders If the previous structure was a complete running flat (green B), we should see more upside and a new high. That's why I'm looking for long trade setups. What is made over the green trendline can be a complete correction, and a reversal pattern can be in the making. Now, I'm waiting for a correction to place a pending order. I plan to hedge my trade...

WaveAnalysis

Hello Traders A daily correction should have been in the making after the last top at 0.67400, and based on its internal wave structures, the last low (the green C) can be the end of it. Now, I'm waiting for a correction to take a long trade. Trade with care. Bulent

WaveAnalysis

Hello Traders We may have a complete regular flat. That's why I'll take a short trade if it gives me a valid trade setup. As you can see, a very important Fib confluence level was tagged. We can get the reversal impulse soon. That being said. There is no divergence inside the C wave, and there is another strong confluence level, which might be reached. So we can...

WaveAnalysis

Hello Traders We may have a complete regular flat. That's why I'll take a short trade if it gives me a valid trade setup. As you can see, a very important Fib confluence level was tagged. We can get the reversal impulse soon. That being said. There is no divergence inside the C wave, and there is another strong confluence level, which might be reached. So we can...

WaveAnalysis

Hello Traders My forecast is a pretty big upward impulse. If the previous downward structure was the whole correction, which is questionable, we will probably see a running flat over the blue trendline and more upside. I'm waiting for the end of the C wave and a trade setup to place a pending order. Trade with care. Bulent

WaveAnalysis

Hello Traders If the green C wave is the end of the daily running flat as I considered it, The upward movement should be the reversal impulse. What we have after that should be a complete running flat. So the last sharp movement should be the starting of the next impulse. Now, I'm waiting for a correction and a smaller trade setup to place a pending order. Trade...

WaveAnalysis

Hello Traders If the blue C is the end of the daily running flat, we will probably see a correction over the green trendline and more upside. And, it looks like we have an expanding flat. Now, I'm waiting for a correction or a new low and a reversal pattern to place a pending order. When it breaks the last top I'll move SL to BE. My minimum target is...

WaveAnalysis

Hello Traders I took a long trade because the next wave should be the C wave, if the last top (the yellow B) wasn't the end of the correction. In this scenario, there is no more room to go down. So the last low should be the end of the blue B. I hope in the worst-case scenario, it will make a big enough correction under the yellow trendline and we will be able to...

WaveAnalysis

Hello Traders Blue C was probably the end of the running flat. If so, the upward movement should be the reversal impulse. In this case, we should have a complete running flat after the reversal impulse. That's why I'm waiting for a small correction to place a pending over the last top. Trade with care. Bulent

WaveAnalysis

Hello Traders One of the options we have here is a 5-wave impulse in the C. If this is the case, the last top should be the end of the 4. That's why I want to take a short trade to hedge it when the 5th wave is over. That being said, the last low can be the end of the bigger correction, and the wave that I labeled with 4 can be the reversal impulse. So, if it...

WaveAnalysis

Hello Traders The last top looks like the end of the expanding flat. If so, the sharp drop should be the reversal impulse, and now, a correction should be in the making. I'm waiting for a reversal pattern to place a pending order. If it drops that will be great. If t makes the B wave, I'll probably move SL to BE and let it go or I'll hedge my trade in order to...

WaveAnalysis

Hello Traders The last low can be the end of the correction. If so, we should have a complete reversal pattern. That's why I placed a pending order, and it was triggered. I could set my entry price above the last top, but my plan is to move my SL to BE when we get that level. In this way, I won't lose any money if it makes another correction for one last downward...

WaveAnalysis

Hello Traders My forecast is one more upside for the completion of the B wave. That's why I've placed a pending order over the potential reversal impulse, and SL is under the correction. I'm planning to hedge my trade at the end of the upward impulse, but if I see a correction under the blue trendline, I'll hedge my trade since the last top can be the end of the...

WaveAnalysis

Hello Traders If the last top at the 0.618 retracement level is the end of the running flat, the current structure should be the start of the next downward impulse as well as a valid trade setup. Now, I'm waiting for a correction after the potential reversal impulse to take a short trade. My target is 1.06000 Trade with care. Bulent

WaveAnalysis

Hello Traders My forecast is a downward impulse to 1,49300 for the completion of the weekly correction that has been in the making after the break-out. The 2nd wave was shallower than I expected, but it looks like it's over. If so, the drop after the last top should be the starting of the 3rd wave. In this case, the last upward movement should be a correction....