Elliott Wave Pennant ABCDE - Daily Time frame I see: Top of wave 3 at 100.39 3 wave a-b-c structure down and then a reversal to the upside. Have made a-leg up with a break of channel and b-leg retesting broken channel support C-leg is on its way ... Trade what you see @BLawrenceM Music at work: www.youtube.com open.spotify.com Time is money, a phrase used...
Downtrend failure inminent, I suspect the OPEC meeting outcome will seal the dollar and crude oil's fate here. Analysis on chart, we have what looks like the beginning of a fifth wave here, after the current daily downtrend signal was reached ahead of time. Price is about to cross above the mode after two strong daily bars, where buyers were in control. I'm...
I'm short until we reach my target, but the bigger picture is confusing for the dollar, crude oil and the euro. Crude oil is currently moving sideways, with a slight bearish bias, but not as radical as eurusd or inverse dxy. I drew the daily and weekly time at mode signals on chart, with the MTPC indicator showing weekly candles, while the line chart makes it...
3 drive to a bottom I see a harmonic pattern which should reach target 1 and 2. I do not find them as reliable as the other harmonic patterns but as long as the yellow "line in the sand is respected it stays a valid pattern. Fear not .... believe in what you see and trade it @BLawrenceM Music at work: www.youtube.com open.spotify.com Twitter for quick...