salsapete

salsapete

.So I keep guessing on this pair ... here is my present top valuation on the aussie ABC 4th wave correction Wave A - done 5 waves up. So maybe a Zig Zag is the overall corrective for Wave 4. Wave B - done Flat correction. Wave C - with whole lotta imagination being a Zig-Zag inside a Zig - Zag , and throw in a triangle to chew up time. So as a person...

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Trying to decipher this complex sideways correction = " a difficult place to trade " Wave a = small flat wedge Wave b = zig - zag correction. The middle wave is also a correction = expanded flat. Wave c = looks to be setting up for a zig - zag . The whole completed wave 4 , then completing an expanded flat correction. If anyone would kindly add...

salsapete

Here is a take on US Oil , in a sideways correction over the last year. I have waves a and b completed. The c wave is in progress and presently I see a 5 wave symmetrical triangle that could develop. This triangle looks to have completed wave d. Looking to see if a wave e forms , if so I am interested on a break below D for a short all the way to the...

salsapete

Euro is possibly in an EXPANDED FLAT CORRECTION. Waves a and b are completed. Target wave c for the scalp. Stop = above @ 1.1302 Entry = break & close beneath supporting trendline , likely around 1.1240 -1.1260 Target = wave c around 1.1090 Risk Reward is positive :)

salsapete

EURGBP in Corrective ABC. The B wave may have completed with 1. Triangle - completion of e wave. 2. Advanced Pattern - completion to D point. Stop - above X @ .8800 Entry - .8710 -.8725 Targets 1. B Point - . 8533 2. C Point - .8378 3. Equal Legs Projection of A wave (XA = BC) = .7950 Risk Reward positive.

salsapete

Here is a possible scenario with an advanced formation , to juxtapose the 2017 triangle that is developing. A Bearish Gartley Pattern is proposed. Look to sell at D point ( which will be just under a possible triangle E wave completion) . Stops would be above the supply zone. The targets are depicted at points B,C, Swing Low Prior ( B point of triangle) ,...

salsapete

The Aussie has been carving out a triangle in 2017. The triangle has completed waves a-d. We are in the early part of the e wave. Looking for price to move to trendline resistance at .7730 - .7750 , to complete wave e and the larger Wave 4 correction. From there price to move down with the impulsive 5th primary wave. ( The triangle pattern is...

salsapete

Wave count of NZDCAD may be in the 5th wave , which appears to be carving out a long term termination triangle. On the weekly charts , the count is 1. Wave 1 - commencing and completing in 2009. 2. Wave 2 - corrective flat pattern from Oct 2009 - March 2011 3. Wave 3 - impulse travelling from March 2011 - March 2014 4. Wave 4 - corrective Zig - Zag from...

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I have presented an argument for a break of the long term channel. I think this is a high probability event. One scenario as shown in this chart , is where gold takes another leg down, before the channel break. The main reasons are 1. Wave perspective - there is a preceding 5 wave corrective pattern. If this is so , then the ABC pattern must be a Zig Zag. ...

salsapete

I have a possible wave count for Apple as 1. Primary Wave 3 2. Intermediate Wave 5 3. Minor Wave 4 Presently Minor Wave 4 is unfolding with some form of correction. I have depicted one of the bad flats , that being a irregular flat. , with price moving from 140 to 160. Then likely the minor wave 5 kicks in, to see price eclipse 160 and move towards 200...

salsapete

Another look at a currency pair from then to now. I have a suggested wave count as 1. Primary C wave 2. Intermediate 4th wave 3. Minor C wave This minor c wave is playing out, and in the hourly chart , it may be possible for a 4th subwave to complete between 1.27 and 1.618 extension of the minute ab correction = 135.50 - 136.00. So for next week ,...

salsapete

A look at the EURJPY from then to now. Over the longer term EUROYEN is in a large , slightly upward, parallel channel. The possible wave count is 1. Primary C wave 2. Intermediate 3rd wave 3. Minor 2nd wave So I see the pair within this minor correction. The possibilities are 1. Running Flat Correction - with possible C wave completion and price...

salsapete

Wave count from 1976 to now. Firstly starting at monthly charts to show the Primary wave counts. Through to a daily perspective from end of 2016 . To the final intraday chart view of the pair , placing the current wave count at wave 2 looking to complete at .618 - .786 fib around 138-140. Then the 5 waves to unfold to around 160. So for now, I will look...

salsapete

.A look back to EURGBP , with wave count from year 2000. We are presently potentially completing a minor B corrective wave - which may terminate between the .618 and .786 fibs of wave A = .8877 to .9035. From there the next wave down will be a 5 wave corrective down to .618 fib of wave 1 = .7815. So for the coming week, I am looking to be long for EURO...

salsapete

Looking back to Y2K , I have a scenario with US Oil completing a Primary cycle in Jan 2016. From this low of around US 25 , Oil has completed an Intermediate Wave 1 and is presently in a protracted ( complex sideways corrective combination) Intermediate Wave 2. If we take the Wave 2 at reaching an extreme of say .618 of Wave 1, then I have US Oil at US 35.77 (...

salsapete

The GBPUSD finished the week close to the monthly pivot. It is possible the wave count is 1. Start of wave v. within 2. C Wave of 3. Larger 4th corrective wave , whose trajectory may end around 1.34 For the coming week , looking to pick up the pound on dips ( particularly at channel support) , and moving up with the minor wave v, towards the monthly R1 pivot :)

salsapete

The EURUSD to be contained by the long standing channel consolidation. Next week looking for the EURO to move to channel resistance , just above the monthly R1 pivot , around 1.1440.

salsapete

It is looking promising for GOLD to break the triangle consolidation that commenced in December 2015 . Given the recent weekly ATR of approximately 35USD, then adding this to last weeks close ,takes the projected price of gold to 1313 ( which sits on the monthly R2 Pivot ) So for next week, saddle up and go long on gold.