The pair is in consolidation = Bull Flag. It looks like we are in wave 4 (not shown) of wave 5. Target 1 = C = 1.414 of A = 0.9241 Target 2 = C = 1.618 of A = 0.9482
This is the combination of pattern + wave analysis. Bear flag = consolidation before continuation downside. Price could test the upside of the channel before a drop. Target for C = 1.1790 (61.8% of A) or 1.1204 (100% of A) Flag's target is quite ambitious = 1.1037 (that's why I prefer wave targets to calibrate the goals)
A month ago I've posted a EUR weekly chart with ABCDE triangle. The wave D dropped below my support line as it was put ahead of time. This is an updated chart. If EUR will break above the yellow dashed resistance line then we can can consider wave D as valid and finished. Watch 1.1200-1.1220 depends on the angle of price attack. Target is within 1.14-1.15 range.
It could be an Ending Diagonal in the position of wave C. We can reach then the $55-58 area where both 61.8 of A and the top of diagonal meet. Break below 45.12 (wave II) would invalidate this count. I will add another possible count in the comment to this post to show you different perspectives.
Silver can hit upside one more time within the large degree corrective structure.
Trendline support was broken. Now the price is making a pullback to the broken trend. Risk trade to sell closer to trendline. Less risky to sell on break of the first trigger. Target 38.
It is quite possible that we are in a last wave E up (green arrow) before the collapse of the pair to the parity area between the 1.03 and 1.00 (red arrow). I put the 78.6 Fib to flag the possible reversal point. I put thin dashed red vertical lines to isolate each wave inside of a triangle to facilitate the understanding of the setup.
Looks like USDRUB is in a larger corrective move. Therefore another drop is pending. C=A = 41.75
We are at the end of correction in wave C of (X) before the strong upside reversal in wave (Y) of ((X)).
It looks like wave (c) of B finished or going to do so. Yellow (c) already hit the 200% distance of wave (a) in white B. Wave B in its turn has hit the 61.8% of wave A. All conditions point to imminent drop in price. MACD shows bearish divergence - price is up as MACD is falling. Target for the drop = $19.6 where the C=A.
Diamond pattern on daily chart. The support was broken and price even made a healthy pullback. Now anticipating the weakness into $62.80.
The price is between the support at 17.50 which has held well for the second time AND the horizontal resistance at 20.34. The low risk/high reward trade is here as it can be stopped below the support. Target is 31.87 - the top of the pattern.
Hello there! The 3-wave structure points at the shaping giant ending diagonal in Nasdaq 100. We are at the end of wave 3 I guess.
Yen is in a large counter-trend corrective move. Wave C (blue) is underway within a larger degree XX wave. It can hit between 108 and 110.5 where C=1-1.27 0f A. Right now the price is at the barrier of the downtrend resistance. The break of it would facilitate further upside move. Then we can see another drop down sub-100 area in a wave Z. Wave XX can be equal in...
Cable is in a multi-month consolidation. we have two possible scenarios. 1) blue marks - we are in a ABCDE contracting triangle. waves D and E are pending as highlighted in blue arrows. 2) yellow marks - we are in a wave C of ABC flat correction. wave C can hit 1.3559-1.3987 (C=1-1.618 of A) Main thing - this is just a correction before downtrend resumption.
Flat correction. Target for C is at the trough of the wave A = 36.26. Way to go!
UTX stalled at 61.8% Fib in rising wedge wave B. Downside where C=A = 69
It's a consolidation pattern here. Wave B looks finished. Target for wave C = A = 55.30