michaelarias

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Joined Australia
What Goes Up Must Come Down.
Markets Allocation
45 % forex 7 % cryptocurrency 1 % commodities 48 % other
Top Mentioned Symbols
AUDUSD 10% | 11 GBPUSD 9% | 10 USOIL 9% | 10 EURUSD 7% | 8
michaelarias michaelarias BTCUSD, 240,
BTCUSD: BTCUSD - Analysis Review
108 3 3
BTCUSD, 240
BTCUSD - Analysis Review

So the price action moving down since the March highs looks too choppy to be signalling any major decline just yet. This impulsive wave that happened just now looks the start of a climb back up to establish new resistance but I don't see it breaking the highs. Bitcoin is likely to start ranging between support and resistance for a quite a while from here.

michaelarias michaelarias GBPUSD, 15, Education
GBPUSD: GBPUSD - Sorry Bad Sound But Something To Say
07:24
101 0 3
GBPUSD, 15 Education
GBPUSD - Sorry Bad Sound But Something To Say

If you like what I am trying to say please like and I will definetely try to make more of these and make sure the sound is better. It is a live example of knowing where you are wrong on a trade. If you ever feel worried or anxious about a trade then you shouldn't have it on. If I ever get enough support on here I will start explaining how I see the market and ...

michaelarias michaelarias GBPUSD, 240,
GBPUSD: GBPUSD - Will The Tide Turn From Here?
57 0 4
GBPUSD, 240
GBPUSD - Will The Tide Turn From Here?

All the signs are pointing to some kind of reversal in the near term.

michaelarias michaelarias GBPUSD, 1W,
GBPUSD: GBPUSD - E Wave - Have You Ever Seen One This Big?
55 0 3
GBPUSD, 1W
GBPUSD - E Wave - Have You Ever Seen One This Big?

Hi Guys, Just another perspective post about this lovely pair the Loonie Pound or whatever you call it. I have poured over the waves for this pair on fxtop.com which I find useful for historical price data not available on TradingView. In my opinion there is nothing else this structure could possibly be overall and it seems pretty important to ...

michaelarias michaelarias EURUSD, 1W,
EURUSD: EURUSD - A Bit Of Perspective
68 0 5
EURUSD, 1W
EURUSD - A Bit Of Perspective

The larger wave structure calls for a Zig Zag and it is coming now\soon. (I don't believe that the first wave down is part of this unfolding Zig Zag) The .82 cent area is critical support and will not be broken. Ideally you would want to ride this next wave down an then initiate a long position once complete using part of the profits from the way down to ...

michaelarias michaelarias USOIL, 1W,
USOIL: USOIL - Lets Gain Some Perspective
140 0 4
USOIL, 1W
USOIL - Lets Gain Some Perspective

I don't agree with everything Elliott Wave, but after observing market behavior I have found nuances that give me an edge. In this particular case I see a good opportunity to gain some perspective before I proceed to repeatedly post about these waves as they will happen from now on. The part that many wont really grasp is the nature of the waves to the exact and ...

michaelarias michaelarias US30, 15,
US30: US30 - Watch For A Break of the Green Line
147 0 3
US30, 15
US30 - Watch For A Break of the Green Line

The parallel channel was marked on the 1 minute chart: The break down underneath this channel indicates that this move up is done. Next: watch for a break of the green line. If it is taken out then its bombs away.

michaelarias michaelarias US30, 60,
US30: DOW JONES - About To See A Dip?
120 2 2
US30, 60
DOW JONES - About To See A Dip?

I'd say that the pre-corrective part of the next wave has completed and we should see some kind of smash down shortly.

michaelarias michaelarias AUDUSD, 60,
AUDUSD: AUDUSD - Alternate Count - Wave 2?
33 0 1
AUDUSD, 60
AUDUSD - Alternate Count - Wave 2?

The way these waves are forming it looks like Wave 1 only just completed last week and that Wave 2 is under way and should see a corrective recovery. Waves take time to play out so perhaps the previous related idea was jumping the gun a bit.

michaelarias michaelarias USDJPY, 240,
USDJPY: USDJPY - This Looks Like A 5 Wave Structure
160 0 5
USDJPY, 240
USDJPY - This Looks Like A 5 Wave Structure

Given the waves this structure has, it looks like a 5 wave structure because nothing else makes sense. Due to the choppiness of this structure and the bigger picture I would say 100% the trend is still up. After this 5 wave structure is complete I would be looking for a long setup.

michaelarias michaelarias AUDUSD, 60, Short ,
AUDUSD: AUDUSD Final Drop In Progress
99 1 3
AUDUSD, 60 Short
AUDUSD Final Drop In Progress

Aussie dollar been consolidating for a couple of years in wave 4. Looks like wave 5 is under way. My target at this point is towards the 68 cent area.

michaelarias michaelarias AUS200, 60, Long ,
AUS200: ASX (AUS200) - B Wave Looks Complete - Reversal In Progress
57 1 1
AUS200, 60 Long
ASX (AUS200) - B Wave Looks Complete - Reversal In Progress

The B wave of the this unfolding zig zag looks complete. A bullish engulfing candle on the hourly chart is a confirming signal that the 5 wave C wave is complete. This next move up should be a nice trade.

michaelarias michaelarias USOIL, 60, Short ,
USOIL: USOIL - Party Is Over - Time To Short.
307 2 6
USOIL, 60 Short
USOIL - Party Is Over - Time To Short.

I analyze using a wave system which tells me Oil is at the end of it's run. That aside I see the head and shoulders pattern on this that will produce some results. The previous high should not be broken and now is the time to short. I believe this is due to temporary strength that is about to be shown in the US DOLLAR - Please note: This has nothing to do with ...

michaelarias michaelarias BTCUSD, 60, Short ,
BTCUSD: BTCUSD - Time For An Impulsive Decline
289 1 5
BTCUSD, 60 Short
BTCUSD - Time For An Impulsive Decline

As a result of my previous related idea which said prices would not exceed $12,000 (see link below) here is what I think is coming next. Well nothing can come next except an impulsive decline according to the wave structure I am seeing which should unfold in another Zig Zig lower. So in my opinion this is wave 1 of A followed by an ABC correction.

michaelarias michaelarias EURUSD, 60, Short ,
EURUSD: EURUSD - One Last Drop?
66 0 0
EURUSD, 60 Short
EURUSD - One Last Drop?

I expect to see the following price action go no higher than the last high but near it, enough to put on a low risk trade before collapsing in an impulsive (5 Wave) manner. If your conservative you can wait for a break of the rising trend line but its going to cost you more. Be Humble :P

michaelarias michaelarias US30, 240, Long ,
US30: DOW JONES LONG IDEA - Bull Market Continuation Pattern
80 0 0
US30, 240 Long
DOW JONES LONG IDEA - Bull Market Continuation Pattern

I don't think this run is over yet. I do like this pattern and I have been studying it closely. This is a tricky one first it must bounce up to complete the C Wave, then it must drop to just above support and the turn around and resume the trend. Given that there is going to be some volatility on Monday or Sunday depending where you live it will be interesting ...

michaelarias michaelarias AUDNZD, 240, Short ,
AUDNZD: AUDNZD Short Idea - Looks like a Wave 3 down could begin soon.
39 0 1
AUDNZD, 240 Short
AUDNZD Short Idea - Looks like a Wave 3 down could begin soon.

In what appears to be the last leg down of this corrective wave it also looks like a good short opportunity.

michaelarias michaelarias AUDUSD, 60, Long ,
AUDUSD: AUDUSD - Long Idea - Incomplete Wave C
35 0 0
AUDUSD, 60 Long
AUDUSD - Long Idea - Incomplete Wave C

This recent drop looks big enough to be a new wave but it doesn't add up. Wave 2 was a shallow retracement therefore Wave 4 is meant to be deeper and the upside target was never reached. This leads me to conclude that there is one more Wave to go: Wave 5 - As weird as it looks, looks can be deceiving.

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