DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
BANK OF AMERICA CORPORATION COMMON STOCK, SPDR S&P 500, AURIS MEDICAL HOLDING AG - COMMON SHARES, SPDR SELECT SECTOR FUND - FINANCIAL, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, INVESCO QQQ TRUST, SERIES 1
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Things I like about this set up:
Bearish divergence on the MACD.
MACD line crossing over the signal line
AB=CD at CD =1.68 of AB
Targets on the arrows.
Wait for it... if USDJPY is actually making a flag, then the biggest trade seems to be a nice long. short maybe but very short term. Levels on the chart. Targets on the arrows.
Wait for it to be more oversold.
check out the levels on this babe
almost perfect proportions for a double top, 1:1.
First target 113.70 but might go lower.
long for now
First target 1271
gu short uj long
Impulse wave #1?
Charts pretty clear
After that nice impulse wave down, we should see a correction. By Elliott's guidelines, correction could extend to the 4th wave give a possible target of 112.685. Fits nicely with my XAUUSD short idea.
It's nice that the target is the confluence of two fibonacci levels.
Seems XAUUSD reached the 0.618 retracement of the previous wave down on the daily. Possible corrective structure forming therefore we should be up to a short. Possible target 1205.
All levels in the chart. Long upon completion of the pattern.
Following Elliott's Principle, the 3rd wave is never the shortest wave in a 5 wave structure, therefore the 5th wave in this structure shouldn't go beyond 113.718.
This would give an entry short around 133.718 waiting on price action confirmation.
Take profit 1 at the convergence of the 0.786 retracement and the 0.50 @ 112.685
Take profit 2 at the 0.618 ...
Possible 5 wave or ABC structure forming.
In case of it being a 5 wave structure, the 3rd wave just got started. This tends to be the longest wave.
Strong supports and take profits at confluence of fibonaccis:
≈ 1.2800 which has already been tested
≈ 1.2723 which could start the correction of the possible 3rd wave of the 5 wave structure
≈ 1.2636 which would ...
This is on a weekly TF so allow for intraday volatility.
Based on structure a short for EURUSD seems in order.
Entry at 1.11725
Since a 0.618 level is at near the bottom of the structure, that would be my take profit at 1.08312
Will be looking for a good entry on the daily TF.
Base on Elliott's guideline of equality where if wave 3 is the longest, wave 1 and wave 5 should be equal, the DJI shouldn't go higher than 21785.
Based on this we should be very close to a correction.
A wave analysis of the S&P500 shows it is too close to a correction based on the same guidelines. S&P500 idea linked below.