Hello friends! It's very clear zigzag in wave (4). As you can see the wave C of (4) already broke below 100% of wave A. (I put it as possible target in my previous yen post) I know that many of you are ready for continuation of the trend in wave 5 upside. I think we can have another drop down before that, and it can be painful. The area of potential landing is...
Hello friends! Looks like US oil is shaping ABCDE triangle in wave 4 of (III). Here is the tactics for trading on the chart. Best wishes, Aibek
Friends, Previous idea almost hit the target (1.1244 vs 1.1250 targeted). Now I think we are moving down in wave B (green). Entry: 1.1145 (current) Stop: 1.1248 (above today's high) Target: 1.0710 (above 78.6% Fibo) Good luck!
Hello friends! I put projections of waves A (larger degree) and wave Y (smaller degree) down and amazingly it is the same area around 114 mark. We need to be ready to act as we will see sign of reversal to catch wave up it will be brilliant i hope! Best wishes, Aibek
Hi everybody! Looks like correction is over (white B hit 0.786 of white A). We are in the last leg of green (A) wave. Entry 1.0834 (current) Stop 1.0765 (below white B) Target 1.1250 (yellow C = yellow A) Good luck!
Hello friends! Last time we got hit on break even level. So as I assumed in my comment for last idea we retraced almost 78.6% of A in wave B (yellow). It is very healthy for us as now market should run higher without setbacks. Entry: At market (30.30) Stop: Below today's low (29.25) Target: 41.00 (where wave C = 1.618 of wave B) Risk/Reward is 1:10 Best...
Hi all! US oil bounced off the level described in my previous US oil post, just 10 cents above the 50% Fibo of waves 1-3. The reversal is fast and furious. Looks like many stops were triggered on the low. If count is valid then we can see much strength ahead! Entry current 31.15 Stop 27.00 (Right below the low) Target 57.00 (just ahead...
Hello friends! This is just a wave count not a trade idea. Looks like wave 4 correction is over now and we are in the first impulse up. Wait for correction in wave 2 of (5) to long safer. Looking forward to publish idea soon. Best regards!
Hi all! Finally correction is over! And labeling is still intact. We are in a quick and strong wave 3 of C of yellow A. Entry 1.0957 Stop 1.0845 (below today's low) Target 1.1245 (yellow c= yellow a) and area of wave iii = 1.618 of 1 Lucky trades! Aibek
Hello friends! Trend is your friend and don't try to buy oil earlier. But nevertheless, we should measure possible bounce areas. This last 5th wave down out of III could stop around 0.5-0.618 of wave 1-3 subtracted from peak of wave 4. 0.5 = 27.43 0.618 = 19.13 Lets add here middle of the channel (dashed line inside of the downtrend) which crosses the area of...
Hi all! I guess, we are in the last 5th wave down of C of (B) before huge growth. 0.60 is the triple support level where we should watch carefully. Intelligent trades!
Hello everyone! Today I covered short at 1.0825 opened at 1.09 as 5 waves down model has been broken. I am not biased. Returned to primary large wave 4 scenario. It is on the chart relabelled again. Yellow (b) which was alternatively labeled as wave 5 down reached 0.618 of (a) and reversed up. Yellow (c) can reach either 100 or 161.8% of wave (a) therefore...
Hi all, Details are on the chart. The last round for Apple strike is possible...then huge collapse. Cheers!
Hello traders! I think USDJPY is going to reverse up in wave b (yellow). Entry 118.72 Target 121.50 Stop 118.00
Happy New Year! This is my first trading idea in 2016. I refreshed the labeling and think we are approaching the finish line of EURUSD corrective weakness of large 0.82-1.60 upmove and we are far below 61.8% of retracement level (1.12). So idea is to catch last wave down to 1.0350 level. Risk/Reward is good. I will update on any changes. Lucky trades!
Hello traders! I think we have larger correction than it was priorly expected. Wave (4) is not over yet and market will do another leg up soon possibly to 1.18 level (Y=W). Currently we are in the ending diagonal which is going to finish. MACD shows strong bullish divergence with the price and it will work out soon. Break above 1.07 will crack upside of diagonal...
I think it will be double three move up at least in the territory of wave 4 lesser degree ($62) Oil is not making new low because we are already at the start of C of (W). Idea becomes invalid below $37
Risk/reward 1:19! Entry 122.95 Stop 123.70 Target 108.20