It is possible that AYI is in the 4th wave correction unfolding within wxyxz structure. The trendline support (white) is right under the price. Watch both trendlines (white and yellow) for further clue. The breakout of the yellow resistance is a good buy trigger for the last wave up.
Hello there, There could be an Ending Diagonal in wave c (yellow) of B (white). Sell on break. Target previous low at 0.7808
Hello there! We could have the last wave up. Risk/Reward is very good as trend's support is just below the price. Watch white rectangle for targets. Very clean trend channel without false breaks.
The pair broke above the resistance finishing correction. The previous top is the minimum target. Risk/reward more than 2. US Dollar moved in a mighty bullish move recently against all major and emerging market currencies after Fed billed the trim of its balance and secured the yield rise in December. US T-notes already dropped huge. Demand for USD will rise as...
This could be wave 4 unfolding in abc waves. So another drop is possible and then the rally could resume.
We could be in a last leg up within a WXY correction within a large wave (B). It could reach 112 level before another drop will be ignited. The drop could then hit the downside levels never seen before in the area of 20-30. Sunset of the dollar?
It is possible that EURUSD is in a large WXYXZ correction. Monthly time frame. We finished WXY and now the C of X is underway or we could be in wave A of Z already. The C of X has hit the 1.414 of A of X and if it wasn't enough then another jump higher to the 1.618 ratio or even to the trendline resistance is possible. The Z could hit below the parity once...
Beautiful H&S pattern on the EURUSD daily chart. It's almost perfect with mirror-like levels on the both sides. Neckline level 1.1668 Target level 1.1240
Coffee futures could dip to 123.00 area to finish current consolidation after breakout. This leg could be equal to the previous leg. After that we could see another impulse to the upside. MACD already shows bullish divergence.
There is a possible Triangle consolidation pattern. Target is located at the 1.2250-1.2350 area.
One of market wizards once told that to find the trend we should squeeze the chart. Frankly speaking I thought USDCNY is in a correction before I squeezed the chart, the Monthly chart. The pair had a Mega GAP in 1994. It looks like we have an echo from that distant time in form of a downside impulse, which is filling the gap. We could be in the last large wave...
Hello there, This is one of the possible scenarios. Trends are powerful.
Hello there, There is a chance that we are finishing corrective move to upside with an ending diagonal at the top. Sell on break.
Breakout happened like in yen simultaneously. Watch 1.2070 to be retested.
Ending diagonal on intraday. Sell on break of support. Quick trade.
Hi there! Ending diagonal in wave c of B. Break below support would confirm the finish of the pattern. Target 0.7737 (C=A) Risk 0.7997 (Peak of diagonal)
Hello, it looks like we have finished the abc correction after a stong impulse upside in wave A. The wave c in abc correction was 5 wave impulse with an ending diagonal in wave 5 of 5 of 5. We already have a strong upmove in place. Buy on dips seems to be a good trade as Risk/Reward > 4. Target 0.9920 (C=A). Stop 0.9583 (below current impulse)
Hello there, It looks like we are in the final stages of the large WXY correction. We could see some strength within the flag and then another drop. But after that I think we would see a robust upside move in the Dollar Index (DXY).