Looking at a bullish scenario for FX:AUDUSD , Found bullish divergence on MACD with a moving average crossover buy signal. I believe this bounce up was the beginning of wave 3. If wave 3 can reach this next area of resistance which is well above the wave 1-2 1:1 fib extension then it may possibly reach the 2.618 extension
DJI appears to be in a corrective period. I have seen this as a zig-zag which has led on to either another zig-zag or what may not have finished triangle. I have added the moving average for extra confluence and the market appears to have made a very short term flag (trend continuation pattern). To me this is looking upside and could potentially be the start of...
XLMUSD (Lumen) Stellar 05/01/18 9 p.m. EST by MMansfield. Hi trader friends! Stellar Lumen (XLM) appears to be at or near a Wave 3 high. This should be followed by a pullback to 0.3200 area (previous Wave 4 territory) then another wave higher that could take it into the 0.60s. REASONS: The longer-term cycle (blue) is strong up until mid-July so there is...
Good Afternoon Traders, 1.35966 was a strong reversal area for the cable and I'm now expecting price to move towards the 1.346 level. Price is currently within a consolidation range and offers strong potential for the downtrend to continue pushing the pound to levels unseen in months. Good luck Trading!
- we are wave B in weekly moving upward; - in daily we are in wave C of weekly B wave. In daily A & B of weekly B seems to have ended and C started. -Within wave C wave i and wave ii seem to have ended in 4 hours period and wave iii seems to have started. - Within wave iii of 4 hours time frame, wave i of wave iii seems to be finishing (as we are in wave...
Hi Everyone, Currently we're looking at EURCAD and we're buying it now as it could render some beautiful pips easily, here are the preferences, BUY NOW SL - 1.49866 TP - 1.59979
Currently we are in a downtrending channel. Elliot Wave target of the WXY is 8.4k, which has confluence with the AB=CD pattern (AB : .382 retrace = CD : 2.41 - 2.618 ext). Sell near the upper boundary of the trend, and counter trend takes could be taken at the bottom of the trend to ride sell the rally's. If we break out of the channel, expect sharp movement either way.
I think BTC is forming a triangle and will head to 7k on it's next leg, based on the pattern seen so far and the bearish divergence on the 4h chart.
REd arrows show how it can play out. Fake-out not necessary but common. Short term bear.
At the moment, we are witnessing a global trend change and against the backdrop of political factors, the US dollar is strengthening. The pair has found a new level of resistance and took a breather. A powerful downward impulse observed on the daily chart, suspended its movement this week. On the 4-hour chart, we observe that the downward wave was worked out and...
Hey Fam, VEN has just completed its 5th wave up and is currently experiencing a correction. From the structure of VEN's Price movements I have calculated that the best buy before Mainnet will be at 48'000 sats. it may trickle a little below the 48000 sat price mark but pulling itself to stick to the 48k sat price is likely to occur before continuing along the...
As you can see from the chart, BTC has been broken out of its previous long term downtrend. It is now within a rising channel with a completed EW wave. RSI is also showing overbought. Regardless, the completed EW gives bulls momentum. We will stay bullish as long as we are able to hold above the 8.7 USD support. Looking for a target of 10.2 USD and hold. Hopefully...
Hi guys , i posted earlier some short term analyses of EURUSD which went pretty well , i expect it to go up now , to finish a last move up before falling deep into bear hands. EURUSD is currently counted as being in the wave 4 (consolidation) after a strong bullish wave 3 , expecting wave 5 to finish this bull run now. Will keep this post clean and post updates as...
what the chart says. may make a marginally higher high, but still needs a correction, and a push to wave 5 expected soon
This is an update to my previous post. If we can hold 9600 level we will be testing 11,600 and 13,000 zones shortly after. Happy trading !
I believe we have started subwave 3 of wave 3. I think we are in for a NASTY upswing the next few days (unless BTC fails to break 10k, and drags the alts down with it). Stay tuned, and happy trading.
Hey guys, This chart is to purely reflect what the title says. I see an extended 5th wave to occur for BTC to reach 11.1-11.2k USD before a much needed retracement to the 8-9k region. If you wouldlike, i have also included past and future elliot wave count prediction for a bit of fun viewing. 57k USD is the Target. This is obviously speculative but a 5 wave...
The simplest of Elliott wave patterns is the ABC. 5 waves down A 3 waves up B and 5 wave down C. Bitcoin has or will complete the B wave of an ABC down in the next few days. The next big move in Bitcoin is the C wave down and normally C waves are fast and brutal. Silver is sporting the exact opposite of Bitcoin, its C wave up is starting or will start in the...