chessnut

chessnut

I saw that 16/17 people were bearish on TV about bitcion so I thought I'd join in the fun and use this awesome indicator.

chessnut

This formnin the GBPUSD has the proportion and internal abc's of a good EW triangle. This is an excellent short under 1.27.

chessnut

The ED in the EU has changed form into a larger five wave impulse than previously forecast. This count has an advantage in that it has broken out in the character of an ED, that is, exactly retesting the lower trend line of the broken ED. Prices should decline sharply and swiftly from this point.

chessnut

A beautiful ED in place of wave c before a grand wave 3 is going to slam this down to 0.95... short the hell out of it under 1.071 Tight stop, huge reward. scalp of the year.

chessnut

In retrospect this is the perfect alternation and form for a wxyxz in this bitcoin correction. Furthermore a clean impulse and BFX hack catalyzed correction marks an Impulse of the next wave up.

chessnut

Wave E of the larger triangle was set some weeks ago after the election. Now a primary and second wave is set. In just a few days the EU will dive below parity and in the following months could go as low as 0.85.

chessnut

If you thought a Trump win was Bullish for EU, you was wrong yall. this is going to 0.95. sell the news. This is positive brexit. anti EU. pro uncertainty. flight to the USD is coming.

chessnut

This triangle form in th EU appears to have ended with a flat correction ahead of NFP. expecting a bullish NFP or a sharp reversal on a bearish NFP. The ultimate stoploss is 1.15.

chessnut

The form of the WXY is nice clearly counting abc, X and triamgle. With the bad US news it should be well kicked off.

chessnut

This is a running triangle characterized by its overshoot wave B and a sharp breakdown leaving a nice wick behind. We should move swiftly to 1.25

chessnut

5 by 3 triangle formations dont come much better than this. with the EU breaking down and risk aversion th USD could easily launch from this point vs the TRY.

chessnut

This price action seems to be an ending diagonal with excellent form and abc internals. If this breaks down a sharp reversal should follow through swiftly to 11800 and lower.

chessnut

This seems to be the primary wave of a larger impulse system. The non impulsive, seemingly complex correction is evidence of wave 2, resting at 50% support is good RR and characteristic of a primary wave. Internal form is good. Who knows how bullish it could be, why not target $600+ in the uptrend

chessnut

AAPl has had a good run but now with many years of wave form/structure behind us we can call out it's exhaustion of performance. AAPL turning is consistent with an overall downturn in an economy that is too big to fail - gracefully that is. Full disclosure - I do not own a smart watch.

chessnut

This is a double and perhaps a triple zz in the NZDUSD pair. It's is a great setup because of R/R and form, this is undeniably a combination of sorts and we know exactly how to deal with it.

chessnut

Looks like another round of QE by the BOJ or a rate cut of the USD is going to take USDJPY to a higher level from here. This is strong impulsive motion.

chessnut

This could be a primary wave correction which makes it exciting at this time of year.

chessnut

This would be wave C of a larger flat correction in the EA. this is bullish and suggests levels of 1.62 incoming.