Using the aggressive traders green line for swingers (yeah) and using the two daily closes the line projects down to C and meets the down trendline in red which bottoms maybe at $2500 approx. thepatternsite.com The safe area to buy as said by Bulkowski is above the orange line close!
The Interim down trendline seems quite a strong pull meantime and causing the bearishness along with recent China events! Target still below $3000 but doubt it will fall below $2000 unless significant news forces it to test MMXIII all time high? I am applying the 36% rule at (b) rule in this abc correction before any drop so if it violates $4122.70 then this...
Not a perfect fit but very close so will this play out? Target close to Broadening Top pattern! www.babypips.com
It is obvious now Bitcoin she wants more but on low volume! This move maybe measured so I have a target of $4128? thepatternsite.com
Combined with Elliott Wave analysis I have come to this scenario. Of course bitcoin she can decide otherwise and so should be treated as my idea but it does look very similar to the example given by Bulkowski : thepatternsite.com Final target for Broadening Top $2672? Note : PULLBACK yet to be formed!
Another stab at Elliott Wave and so to form (B) of the small wave from the recent downward Impulse Wave I think R3(purple line) to 61.8% retracement maybe the targets :- R1 = $3357 61.8 = $3301
The median seems to be where the B point(ABC correction) might park itself eventually? Meanwhile probably more down with target for C in the region of $2555 ~ $2676? I have sold my small long at 61.8% retracement so now neutral for time being!
A theme I have intimating since late August and seems to be panning out. Target to upside $6077, downside $2555. thepatternsite.com
A theme I have intimating since late August and seems to be panning out. Target to upside £4717, downside £2217. thepatternsite.com
Using Elliott Wave and fibonacci levels it is possible we have made a 50% retracement and small ABC correction from the recent impulse wave dating back to early January 2017. Subsequently I have gone small long with the expectation of a period of consolidation for awhile in order to complete the next phase? Kept my powder dry in case of further drops in an...
Broken neckline for Target : $3575 Wave IV in full flow now for targets to be announced as confirmed patterns play out! thepatternsite.com
This is again my humble stab at this difficult subject but if correct the All Time High of MMXIII $1163 should not be broken? We are now at the start of corrective Wave IV similar in my opinion to Wave II after the MMXIII peak! Wave V is not an actual Target yet but when happens I'm sure will exceed the recent all time high this year. See rules on Motive Waves :-...
Both these harmonic patterns carry equal weight and seem to fulfill the necessary criteria see :- thepatternsite.com
Sitting on a possible neckline and recent trend support line it must be considered as decision time? The Bullish Butterfly or Bullish Crab will obviously become invalid if it goes to "Crash Landing" target £2083.
Predictions have not been my forte recently but this theme has been consistent throughout albeit for a few twists and turns! Target : $2747
After the simple ABC correction I am seeing this Head and Shoulder Reversal Pattern in formation as part of an Elliott Wave Impulse Wave. If so with the confirmation line slanting upwards this would signify a strong rise to the following targets:- H&S Target : $5134 Touch with Broadening Top Line & R2 : $5400 Of course these are only my ideas but I am long in case...