Easy ABC correction seems to have completed after impulse to downide. I expect continuation of the move '
Sell setup forming on EURJPY Im gonna enter short at market open
Because of fed meeting I am anticipating that DXY will increase USDJPY is at the end of its corrrection period, My bet is that Fed meeting will begin major uptrend. To follow startegy buy on break of trend line pictured
This will be the trade i am watching for next week. I will be looking for a break above the ending trend line pictured Divergence is showing up
As you can see Copper has been range bound for its history We have contact of lower trend line. As you can see the two other time lower trendline has been contacted it began the sharp parabolic increases First strong increase took 120 weeks second increase took 160 weeks Arrow shown is 160 weeks for approximate timing of the move There was a storng bounce...
Looking for C wave for completion of correction
Pattern has broken to downside
Price has been rejected and looks weak. Current structure will either break into ABC correction for more upside or as I am anticipating impulse to the downside
It is in my opinion that silver has begun impulse wave 1. If this is the case my projection for the first impulse is a as shown in the chart. I think there will be a minor correction to complete HS pattern The next waves use fibonnaci levels .386 and .618 with the fifth wave completing at the top of the upper trend line The reason I chose those levels is...
Title says it all break look for flag on lower tf sell breakout of that flag There may be some stop hunt shenanigans thats why we wait for second flag to break
1. Strong move down followed by price consolidation suggests continuation 2. Strong break followed by consolidation below trend line 3. Finally seems like consolidation pattern has broken down and is creating a flag Upon flag break I suggest going short
Company is profitable and its earnings are directly related to the price of copper. I believe copper will break out of its consolidation TGB broke out of handle resistance and now the sky is the limit i already own but this is a phenomenal oppurtunity
Looking at the structure formed by EURUSD it is in my opinion that a wolfe wave has formed The guideline for wolfe waves is the trend line from beginning of wave 1 to the top of wave 3 AB=CD completes at structure resistance denoted by wave the # 5 EURUSD in my opinion will drop soon however there is potential for upside as seen by the sharpness of the most...
JPY is trading at the top of its channel trend. Furthermore, there is clear price action weakness made evident by the multiple breaks of structure. This one is about to drop heavily soon and has already broken the corrective move. I entered last night at 112.60
Showed weakness earlier. Broke out of rising wedge formation. Breakout of pennant on smaller tf's seems imminent. Waiting for that before i open trade
Alright I've been waiting for this structure to finally commit down. Here is another chance to catch the move. It seems that momentum is slowing this coupled with the strong double top formation/resistance level denoted by green line makes this a high percentage trade. Price seems to have bounced aggressively from structure support thus i expect the price to...