nezyrinfx

nezyrinfx

I made some adjustment to the previous wave count.

nezyrinfx Updated 

Price is still in correction phase. The sell off we saw on Friday could probably be wave (B) of (Y). Still looking for another higher high to complete WXY before price to decline towards $1739 to complete ABC from peak of 6 January.

nezyrinfx Updated 

Right now price is making pullback from the drop from the peak of 6 January. Identified here is a potential bearish bat. I will post up another technical analysis based on Elliott Wave in next post.

nezyrinfx

Price currently making WXY Correction into blue box for Wave (B)(red) before making push down for Wave (C)(red)

nezyrinfx

Price looks to be running in an Ending Diagonal pattern. Will see one more high before a drop to complete Wave (C)(red)

nezyrinfx

Internal structure of wave v of (A) unfolded as expanding diagonal. Expecting down move to complete wave (B) before another upward movement to complete this ABC Corrective Wave from low of Sept 28th.

nezyrinfx

We will be looking for a pullback to retest the broken triangle before continuing downward movement towards fibonacci extension 100% - 127.2% between $1803 - $1745.

nezyrinfx

Price is making Wave (B) of (C) currently. Expecting more upward movement after this Wave (B) completed.

nezyrinfx

A potential bearish bat could see further downside.

nezyrinfx

Poetential Bearish Gartley with price hitting on the trendline. Stop Loss $1722 with TP at 100% extension from peak 14th April around $1640 - $1650.

nezyrinfx

Expecting 3 waves pullback towards 65.00 before price rising up again.

nezyrinfx

A potential bearish bat in play.

nezyrinfx

Potential bearish bat in play. Could go lower than low of 21st April for Take Profit.

nezyrinfx

Could this be forming? Let me know your thoughts

nezyrinfx

Let's see how this plays out. Expecting bear flag is forming after the drop from peak of 21st April. Take profit will be the same heigh as the head to neckline.

nezyrinfx

Possible Wave (B)

nezyrinfx

After price made 5 waves down from peak of 14th April to make as Wave (A) of the pullback from low of 16th March, now price bounced to make Wave (B) which the subwave consist of WXY structure with wave (v) of (C) of (Y) is in Ending Diagonal structure. Soon we will see pullback to the downside for wave (C) from peak of 14th April.

nezyrinfx

In my previous analysis i showed one potential harmonic pattern Bullish Bat and price right now moving in a Ending Expanding Diagonal structure in Wave (C). Expecting price to rally as long as it stays above 1.0767 price level.