TheMaverick187

TheMaverick187

We are seing a Gartley pattern Developing on USDJPY. the Elliot wave count also corresponds with the fact that we are in the fifth wave of the major downtrend from the turning point of 102. The entry for the Gartley is usually at the 78.6, but if we use an AB=CD rule, you can see that the entry might even reach the 88,6. The stop loss will be at the top of the...

TheMaverick187

USDJPY, we see a potential Gartley pattern developing on USDJPY. The traditional entry would be at 0.786(110.22), But the most important rule of Gartley is AB=CD, which occurs at the 0.886 (110.57). The is also close to the March Close, meaning a lot of sell orders will be stacked there. Another reason for entering this would be that a deep correction (50% of the...

TheMaverick187

I have seen a beginning diagonal on USDCHF where all 5 waves were counted. The previous ending diagonal has ended and I am looking for a long position between the 50% and 61.8% retracement of the previous upwards move. The profit target is the 1.618 extension of the move upwards down to the 61.8% level for a take profit of 0.921, which occurs at the September...

TheMaverick187

We have a triangle pattern on DOGE. We are waiting for a break and retest and a final push up to 0.45. The triangle signifies the fourth wave and the profit target is equal to the height of the triangle. We may see a larger push up where wave 1= wave 5, but there will be a larger correction before then. The triangle is too small of a correction for this large move...

TheMaverick187

We are seeing a triangle develop on XRPUSD. This signifies our 4th wave, we are waiting for a break and retest of the descending trendline then a final push upward. The first profit target is the area equal to the height of the triangle and the second target is wave 1 = wave 5

TheMaverick187

Cardano is in the 5th wave upwards before beginning the correction. A triangle pattern was spotted on Cardona signifying wave 4 or wave B. Expecting one final push up before the correction happens

TheMaverick187

A Humungous head and shoulders has formed on USDCAD . The dollar index is starting to turn upwards. I will wait for a break above 1.23 then buy and head to the highs.

TheMaverick187

We are in a very large leading diagonal in the dollar index. We have completed 4 of the 5 waves in the leading diagonal and now we are in the final wave 5 before we start seeing our correction. There is a possibility that we will reach beyond the high of the previous push up. We had an ending diagonal with the characteristic 5 pushes. We broke the ending diagonal,...

TheMaverick187

We have 2 conflicting situations here. We have a large head and shoulders that developed(green) and a small inverse head and shoulders (orange). Ar the current moment, both these patterns lead to a short. The area where this short will stall is the 0.236 (larger H&S) and the 0.112 (smaller H&S). A retest of the ascending channel is required before entering this...

TheMaverick187

We see a head and shoulders hat has developed on AUDUSD. A short all the way to 0.71 is expected. As extra confluence, the dollar index has started to turn upwards, indicating dollar strength. The five waves going up have been completed and the A and B waves have been completed. We are currently in the C wave. A bat pattern has been seen to confirm that we have...

TheMaverick187

EURAUD. We had a strong push upwards on the 25th of February until the descending trendline, then a correction started happening. The correction reached the Fibonacci retracement of 0.764 and rejected the level twice on a 4HR chart on 11 March. The correction may continue until 1.53269. My log entries are at 0.236 (1.5356),0.382 (1.54208) for a profit target at...