You can draw your "yellow" B wave as a WXY, trendfib it, and you double bottomed at equal length. You can count 7 swings. When you examine the trend line touches of structure, it can count complete. If you invested lower down, I would say it would be worthy the gamble of letting run. Notice the "0" level lower down. The stock has been working on this pattern a...
I mentioned a long time back to buy EN off 800 on daily. EN completed a WXY off equal length and the 800MA on daily/ 200MA weekly. I believe we are in correction and it may continue all the way up reaching the 200MA on daily possibly. There was a nice buy setup already, but I would look to buy pullbacks.
I've been saying if usdcnh takes off to the upside it can be a large trade out of an expanded flat. It has double bottomed and bounced off the 800MA on daily twice and turned up. The horizontal green line was marked at the 200MA on the weekly as of right now. So even of it were to correct for one more wave down to that level I would still expect at least a larger...
If Aud/Chf hits yellow box without breaking the high at 72108, that would complete a 7 swing corrective sequence. I just posted the weekly so you can see the higher time frame picture of uptrend I see.
GN measures out pattern and fibonacci wise to continue up to the 78% retrace. The pattern can become more complex so trade accordingly. But regardless of what it does, I will be expecting more upside to complete this higher time frame correction, 4 hr looks like it may just continue this week.
Eur/Usd came off the .618 retrace fib from the last large impulse on weekly. I'm expecting more upside on EU. Seems like it is making a flag on 4hr. If it drops down again to the 200MA on 1hr, that would be a spot I will look to buy. This can be a very large move up breaking the 1.15- 1.16 area, so manage accordingly.
Refer to my Weekly analysis. Aud/Nzd came off equal length extension for a 3 wave corrective move. Looking for a long term swing to the upside on weekly after completed correction. This was the first fib extension to actually consider a pattern completion at. The 1.236 extension is also a level to look to buy should it drop to it without changing structure.
Showing divergence on its 5th wave of an impulse. At major fib level (.618 retrace and a fitted fork). No reversal pattern as of yet on higher time frames. My question is to as whether or not we do have an expanded flat for downside. It kind of looks like one to me.
Long on Ford, with the potential of a longer term move out of this 4 hr flag. This move down it has been making is definitely looking like a corrective swing for upside. The larger swing pattern could extend to 6.00 level, however we are already turned up on weekly.
Just showing you that NZD/SGD's pattern seems to be incomplete. So I would expect break of the last high. That is a contracted flat though which always means it can turn into a regular flat. But if you get a flag like Aud/Chf did, look to buy to break the high would probably be the safest type setup from here....