reneordosgoitia

reneordosgoitia

*The price has reach the 61.8 of the previous downtrend movement. *The 5th wave couldn´t break the 1.618 of wave 1. * Crude oil inventorie (US) coming on wednesday.

reneordosgoitia

one more impulse inside the 5th wave, and we will start to see the fall. *The price is in the zone of the 1.3000

reneordosgoitia

*The price for reach the .071700 zone, must retrace first to get the impulse to the that zone. *A lower degree cycle of 5 waves has end.

reneordosgoitia

The price has already retrace to the 61.8 of the higher degree picture.

reneordosgoitia

Depth of corrective waves: The 4th wave is in the 4th subwave of 3rd wave. In a 61.8 retracement.

reneordosgoitia

The price reach the golden ration of the previous impulse wave.

reneordosgoitia

Wait for the break out of the red line in the down position.

reneordosgoitia

3rd wave, according to Elliot, cant be the shortest one, and is the most common to be an extension.

reneordosgoitia

The price is in a triangle corrective structure in the 4th wave. But, the daily structure could not allow the 5th wave break up the 3rd wave, so we could see a trunctation. Followed by a strong sharp correction.

reneordosgoitia

At the beginning it used to look like a zigzag pattern, but with the new high, the pattern seems to start changing to a contracting pattern. So, it can tell us, that the structure is going to be respected.

reneordosgoitia

Wait for it near to the red resistance area.

reneordosgoitia

IF THE STRUCTURE IS HOLD UNTIL THE FIB LEVEL 61.8 AND, AT THE SAME TIME, IT TOUCH THE UPTREND LINE.

reneordosgoitia

Wait for the canddlestick confirmation to keep long.

reneordosgoitia

Wait until the price hit the .618 fib level for the long position.

reneordosgoitia

If the uptrend movement on the DXY keep going, we could see the first reversal (significant) pattern near to 106.00

reneordosgoitia

* The market is in a retracement structure about the last downtrend movement. * The 3 impulse could go on until de 61.8 fib level of the previous downtrend movement. *make it simple.

reneordosgoitia

*The pair is inside of a ascending triangle. *The upside impulse had lost fuel at the 38.2 fib level. * FOMC Meeting.

reneordosgoitia Updated 

*The FBI investigation of Clinton e-mails. *US Job Report. *FOMC meeting. We had already saw the affect that the market has to Hillary Clinton, so this investigation, could create uncertain on the presidential scenary. The ADP Job Report of United State, can change the speech of Yellen about the US economic situation. In a Technical VIew, we can see a...