Trending and corrective phases WITHIN this uptrend.
Making higher lows and higher highs.
Will it continue uptrending and break out above previous high?? Will it continue along this channel ?
Will it become a wedge?
Lines drawn up and will adjust to what the market shows as we continue along this path.
Market giving indication we are/will be trending relatively strongly as the bulls are taking over at the moment and controlling the market with their dominance.
Keep in mind elliot waves not projected targets. The market can take it as high as it wants or do as it pleases.
Continuation of the switch from a short setup to long setup in the related idea link.
Currently in Smaller wedge within a channel/wedge pattern, E tap, wick rejection, bearish price action, also tapped back underneath the thick red channel line on a higher time frame.
Might see another re-test which coincides with the thinner channel/wedge pattern directional pattern, hence giving more confirmation of the down move.
Please see below for higher time frame.
Hi Guys, I believe in the HIGHER probability that we are reversing on gold.
If we are looking at the bigger picture (Higher Time Frame), we are ending the second wave and hence beginning another surge of upward movement (Wave 3 which usually is a big move).
This impulsive upward move up is the beginning. At the moment i'm looking for the current correction to...
Hi guys, I see a reversal occurring and upward movement price action. We have also now just had a 3rd tap off the up trend-line with a bullish 4 hour candle closing above the high of the previous bar.
I will ride this up until i see indication of upward price momentum ending.
Huge Pip Potential.
Hi Guys and Gals,
Here's my analysis of GBPCAD basing it on the daily and 4hour.
I firstly see a reversal move that occured followed by this Spike up and price now moving up (creating higher lows) in this upward sloping channel.
We are currently at the bottom of this channel and i'm looking for long moves to buy.
On the 4 hour time frame, i'm waiting for this...
Here's gold, I believe we'll be going lower today. The behavious of price within this area seems of indecision to me, which indicates a Trading Range. It also looks like a trading range as price has been ranging within this area for a while now.
Price went up to create a higher high in an attempt to break out of the trading range however it appears...
Currently still in a trading range, with potential to break below. August is usually a Trading Range month with indecision between bulls and bears.
Let's see how price action plays out.
Below is a POSSIBLE Large Reversal Zone.
Please read chart for information.
Like and follow me if you like this chart idea. :)
Hi everyone, just an update following up from my two previous chart ideas (Long and Short Views - Please see Related Ideas).
Yes as we see everywhere, it's glaringly obvious that it appears that we have formed a "triangle" and that price has broken above that triangle and is going up currently.
This could possibly still be a valid view.
However, here is an...
On a bigger view, Price has been consolidating within a range/wedge like pattern and hence not showing the behaviour of a sharp correction.
Please look at structures and where price is at. It's now currently trying to breakout above.
Hello my followers and fellow traders.
This chart won't get many views as it's posted via the Bitmex chart ideas section which has a smaller viewer base due to the ticker XBTUSD instead of the regular BTCUSD exchanges available.
Nonetheless, here is my latest position and looking to short.
Simple. Price Action is king.
Happy Trading :)
Please LIKE and...
Hi everyone :) I haven't posted lately as i've been on holiday to Korea and Japan (absolutely beautiful countries and a must to visit once in your lifetime).
Now I'm back and read to tackle the charts again. While away I've been trying to read and grow as a trader. I believe sometimes in life we need to take 1 step back to take 2 steps forward. Yin and Yang....
Abc almsot complete, waiting for it on all time frames. If price drops form here we will see price on larger time frame reject from the 61.8%, perfect for wave 2 completion.
WAVE 3 incoming. BIG MOVES.
Hi guys, just to add onto my previous chart idea (Please see Related Ideas).
I previously said that we are in an ABC however i was wrong on my count. I can now see that the C leg is jsut above and we are almost there.
Looking for it to double tap on the 1 hour or go up further up (various projections), creating momentum DIVERGENCE before we see the drop for wave...
Hi guys Wave 3 beginning for the big drop that i've been calling for a good month or so now. Finally i believe it is here. :)
HOLD this baby! Take profits when your'e comfortable to do so. Plenty of pips incoming. Will perform further analysis later. FOLLOW so that you can be up to date with it. I would really appreciate it also :) <3
Have a look at my other...