YipYip

YipYip

We have been channeling for a good 30 days+ in W 4 of a higher degree (chart left Yellow) I did feel that we had a ABC retrace but im now convinced it was a bullish sequence ;) (yellow) We channeled a textbook double Combinations (green WXY) that was a FLAT-ZIGZAG for (X) - ZIG ZAG that provided a nice channel and also had alternation on the corrective types...

YipYip

Heres what can describe a potential long term outlook for EURO next 3-4 months (imho) Correlated against DXY we see some ranging action as we build the legs of this triangle

YipYip

End of a long running bull run for USDJPY I missed the entry :( Building a expanded Flat with an entry 1.618 of Wave A pushing hard against the long term bull channel We are in wave 3 imho to teh down with potemntial of a healthy target if we can get there for wave C I wont touch it unless we get the entry

YipYip

@chessnut gave me a heads up to EJ current state After TA i really like the completion of the B wave with an ABC ZZ on a higher degree as we build for the C leg down We have fib confluence on A leg = C leg on the zig zag of lower degree and Wave 1 = Wave 5 on the impluse (c) leg having eqaulity Wave B looks to reatrace A (higherdegree) @ aprox 707 another...

YipYip

Been following TESLA for a while I love TESLA :D .. Elon Musk is IRON Man .. FInally rolling over to the downside as the move is bearish W2 so the retrace could be strong lets look for entry @ 247.9 or top of i from the previous impulse down That gives us close to a 786 retrace .. If we break previous highs the sequence is invalid @ 250 There is a lot of...

YipYip

After a lot of Bullishness i see the retrace to pervious W4 limit on the down as complete POS 2 Look for a potential DBL TOP with aslight offset to the down by 2points will be an awesome sign of doom Either the scalp for T1 W C or complete reversal T 2 All USD pairs are at the end of bullishness moves and the DXY is signalling its retrace ABC is complete...

YipYip

After a big thumbs up for the election result the current Reatrace has run its course A lot of the pairs are @ 5th wave and DXY looks to have finsihed its ABC retrace I would enter POS 1 1578 & POS 2 on just under the double top 158 Look for start of W 4 retrace at least T1 and keep rolling stops for T 2

YipYip

FInalizing out this current corrective wave we should see and impulsive move up to complete C as at least a Flat Correction.. Point of Failure (low Risk) Purple Point of Failure (Higher Risk) LightBlue T1 1225 (Pay the rent) T2 1300+ Roll the stops on pivots If we break 1130 the sequence is broken and we need to re-check the count

YipYip

Great chance to catch the 4th wave retrace for the move down to complete the 5th wave We should build out 4th wave for a Flat on the C leg or dont be surprised for a truncated C if we dont break the Green trendline @ 7930 Fundamentals : Rates decision & Confirmation from Steven of further cuts to get The Aussie back to 72 DXY looks to have completed his...

YipYip

We have finished our retrace ABC and coming back to a textbook W 4 top of the down leg D time frame All good things come to an end and so OIL will continue its bear trend Look for a retrace for W B anything 60.20+ is in the kill zone T 1 is 56 or W 4 of the retrace T2 roll stops as this could get ugly as We build a impulse down to a potential of $35+ on...

YipYip

Had a nice adavance on oil up to 4th Wave in the SubWave Just completed a textbook Expanded flat as the signature for both being in the 4th Wave and now looking for the 5 wave completion of the C wave that should be as a Min 1:1 of A or 1.618 * A for the completion of C Lets go short from 56ish or 50% retrace of W 1 of the subwave (blue) We need a 5 wave...

YipYip

Background: On good News Data the final interest rate looks to be off the table for the RBA Been in a 4th Wave on The HTF and building an Expanding Triangle Clear 4 Wave move to the UpSide lets catch the 5th And Final Wave for the E leg Enter with 2 positions T 1 7849 and roll your stops on T2 for the outside trendline once we hit a Pivot

YipYip

After a massive decline from 90+ we now find us in the 4th or 5th wave consolidation I believe and so does the RBA that we have more downward movement yet to come Regardless we have a nice Rising wedge/ Ending Diag forming I see 2 entrys if we retouch the top of the trend I will short with a tight SL as it will tell me we will break the other way Or wait...

YipYip

Nice Move up to 256.20 @ my MAJOR resistance line (256) for the last 30 days Clear 5 wave move ... now forming a Head & Shoulders with an outstreched hand "The Hitchiker" As we get ready for the C Leg down to 246-247 ALT : We could get a POP to 262 as this MAY have been the 4th wave, but its still all down from there ..Keep ur stops tight 257.50 (if we...

YipYip

Here is the updated chart as this retarce is finalizing it shape We now have 4 distinct waves and waiting for the 5th Of WAVE C Expected kill zone to get filled is the A leg 1.618 Extentions and W1-5 .618 Retrace A conservative entry would be when we cross over the sub wave 4 of the 5th wave or around 1.25800

YipYip

Now that we caught the Move up lets wait for the retrace and Go again in this trending market Regardless of whether we start building a flat or we are wave 2 of 5th intermediate wave there is a nice Med prob trade I would put a 30% trade stake as we can fly through for a 886 retrace Kill zone will be the 127 extenstion of A and the 384-50 retrace of the W1-5...

YipYip

We are Still in the 4th wave on the intermediate as we bounce between 0.79 -> 76 as we build out this triangle We caught the wave down lets catch the ride up ;) We got a nice ending diagonal as confirmation and there are a clear 5 waves down with retrace and now the impulse leg up as final confirmation to get involved (i got in at the bottom (0.7599) as I was...

YipYip

I went down to 5 min charts to find my answer to what has been a difficult sequence :S SO far we have had 2 textbook 5 wave sequences Up with the ABC retraces ..They only show up on 5 min charts :S REallY REally CLear on LTF .. I was astonsihed ... as in I hit the long button 100% 20x once i saw it ! (Thanks to joker for helping me do the analysis ) :) We are...