RiverThink

RiverThink

For this setup we have: -Minor ABC Elliott Wave count completing near the 0.91200 price level -Major 61.8 Fibonacci retracement confirming the Minor ABC Elliott Wave count -Minute ABC Elliott Wave count projecting to complete near the major 61.8 Fibonacci retracement -The midline of Elliott Wave channel as resistance -Previous structure resistance Entries should...

RiverThink

For this setup we have: - Elliott Wave minor wave 2 completion and a potential of a minute wave 2 completion (completing within the range shown on the chart) once complete will push price violently to the upside. - Middle of Elliott Wave channel as support. - Minor 50.0 Fibonacci retracement (Wave 2 could complete within the range shown on the chart). Overall,...

RiverThink

For this setup we have: -Elliott Wave ABC correction pattern & channel -Major 61.8 retracement Perfect ABCD projection within Elliott Wave channel -Major counter-trendline support -Significant psychological round number (130.000) Scenario #2: -If price doesn't reach the 130.000 price level, then the 50.0 Fibonacci level will act as strong support SL:...

RiverThink

For this setup we have: - Major 61.8 retracement - Major 1.618 extension & projection -ABCD projection -Strong psychological round number (106.000) -Counter-trendline support -Mid Elliott Wave channel support SL: 105.300 TP1: 108.000 TP2: 108.500 TP3: 109.000

RiverThink

For the 1.10200 price level we have: -Major 38.2 and minor 61.8 lining up as confluence -Counter-trendline resistance -End of Elliott Wave channel resistance -Overall downtrend Scenario #2: -If price does not reach the 1.10200 price level, then the 1.10000 price level will act as strong resistance. SL: 1.10700 TP1: 1.08900 TP2: 1.08000