High Beta/Safe Haven Match up. This Pair has not tanked yet but the setup is there for it to do so. The Carnage in Stocks the last few sessions are giving extra confidence that this Technical setup will play out.
Euro has alot of work to do to prove itself. But as Larry Williams says....... "You can't pick fruit if you don't go out on a Limb" We have potential for this to be at, or very near a meaningful Multi week Bottom.
Clearly a strong wave 3 finished circa 24 November. We have No Overlap between waves 4 and 1. High Probability of a New Low in coming weeks. Should we get down to 1.09 i anticipate strong buying interest as this was the case last time we were at that price point.
Allowing for 1 more Low in coming weeks before starting a Multi year Rally. A 3rd of a 3rd Strong Wave Higher to begin after a new low. Will align with a Fundamental shift of Huge significance, whether it is a Natural Event, A War, A Financial Collapse.... I don't know, But when the event unfolds be ready for the USD to get absolutely hammered.
The Dow has broken out of it's base channel and there is a nice impulsive move happening to the downside. The 1.618 Extension of wave 1 has been reached. I have no idea if we start to retrace here or if we have much further to go. But if we do retrace in 3 waves to the 38.2 Retracement level of wave 3 at aprox 3500 then i will look for Sells, here are some...
Have nice 5 wave decline here, adding confidence to the idea that a Wave 4 is complete at higher degree. Watching how retracement unfolds. Looks like it's a double zig with a triangle wave x. If we can get another abc higher with a triangle in 4 of c then a Momentum divergence up into 1.14 the high volume node of wave ii i will be glued to chart for price...
Moves to the Upside look impulsive, Retracements look corrective. We have now broken out of the triangle by breaking Trendline that connects the top of impulse wave Cycle A and Primary 1. I'm considering that we are now in Intermediate wave 3 of Primary wave 3 and expect good upside progress. We had a good push down last month into Value area created...
Bullish against 1.3015 the low of the impulse. Entry 1.31-1.3130 in the region of the lower degree wave 4's. Target is a weekly Support/Resistance at 1.3270
Bullish Engulfing printed on the Weekly Chart, the candle bounced off a Weekly Support/Resistance Line. Going down to the 4 Hour Time Frame, I can identify 5 Waves that do not overlap. This gives us the opportunity to "track" the Retrace and see if we can identify it's completion. Mindful of the idea that it could coincide with the FOMC.
ok OK. Just realised my plan on NZD is ALL WRONG!! 2 REASONS. Reason 1 - USD looks strong against most pairs now due to EUR Weakness from a Stimulatory ECB. SO, Life as a trader is hard enough without picking a fight with USD right now. Secondly, Triangles are there to try our patience! I have seen an important flaw in my analysis, this triangle could have a...
On the daily time frame The NZD has made an impulse followed by a triangle. A triangle cannot Be a wave 2 alone. So i'm counting the impulse as a wave A and the Triangle as a wave B. The NZD finished wave c of the triangle around the time of the RBNZ Meeting on the 13th of Feb. Listening to the RBNZ they saw risks balanced and status Quo they would be leaving...
Company has a fundamental Catalyst, it has announced that it will double it's share buy back programme. The Elliott Structure looks Solid for a 3 or C buy going forward. Trendline has broken. Intraday Players can look to buy a breakout of a tight consolidation wedge on the 1 minute. Swing Traders can wait for the first 3 wave pullback on the 4H and then buy...
Hi Guys
I'm looking for a retrace to into the 109.20s and then set buy stop at 109.60 Move to Breakeven at 110. Could start to lock in some profit at 110.30 but as long as we stay above the 50MA on 4H, I'll keep moving SL to last Swing Low.
Drilling down to the 5 min, the PA in the last Daily Bar looks Impulsive and has broken out of a base channel, so i think this last month of consolidation may be about to resolve to the upside. NASDAQ:INGN
I don't need to put a MACD on to see Each Rally has more momentum than the last here. The impatient trader could buy now with a stop at $2.10. If we get a Squat bar on good Volume you could use that to hide behind. NASDAQ:APRI
