Gooday Traders! From the daily Time Frame, price has been in a 12 month old descending channel. Last week price broke out upward from a descending triangle. Currently, price is making a correction of that bullish impulse wave with a flag pattern, inner descending channel or what ever your nomenclature might be. On H4 im looking forward to pulling my trigger for a...
Last week, price broke out of an ascending channel which was a correction of a bearish impulse wave. Waiting for further pattern confirmation on as i'll be looking for "possible" shorts. Lets see how this plays out, but for the mean time this is what im seeing. Remember that proper risk management is crucial. Do well to follow, like and comment.
it's a diametric pattern in long time i think the "e" wave is completed, so from now on i expect to have a bullish trend next pattern maybe double zigzag or abcde. i'll update it soon
HI BIG PLAYERS, on this chart I want show you how my AutoCounting Tool for Elliott Waves works as well. The indicator works with a lot of counting in the higher and lower bars. The numbers are transparent and ovelapping. Where are more transparent numbers, there the number have a bright color. In this example you see on the uptrends the bright colorized Number...
From what I see, GJ is in its 3 Wave. It could reverse at the 1.1618 Fib Extension and retrace down to the price area of Wave 1. Overall this pair is bullish, but some pips can be made on the downside if you are ok with the risk. Check out the chart. Let me know what you think.
I am sure that this is still as per forecast wave 4 low due into 3081 area plus or minus 3 I still have cycle projection now 3177 to 3162 no change and the vix model and hyg are just been setup to bottom again as of this post i am 50 % net long and now moving t a 65 % net long sp qqq and flat back in gold cycle low still due soon
Nice breakout on AU. C wave appears completde at the .618 level and now price has already moved up past the .50 fib level. Price should reach the .382 level, look for reversal there and a pullback to the .50 fib area, that would be a good spot to buy in.
Downtrend! Looking for an entry point to sell
Hello everyone, we can see two resistance/support levels, really good enough for forming a channel that we can use to open our positions, and then look at that RSI... Happy trading to all! Comment down below to tell us what you think.
Multiple confluences to support the short idea. 1. Ascending triangle at the edge of the major channel 2. Channel Resistance 3. MACD Divergence 4. 786 Fibonacci retracement lines up with channel resistance
HI BIG PLAYERS, ON EURJPY IS A SMALL BULLISH WOLFE WAVE PATTERN ON THE 15 MIN CHART - ADAPT ON THE BOTTOM OF A PARALLEL CHANNEL. THE RISK-RETURN-RATIO IS HERE 1:7 - FOR EVERY 1 $ YOU CAN GET 7 $. KIND REGARDS NXT2017
USDCAD looking pretty good right about now. Will wait for signs of reversal and then enter. Looking for atleast 200pips.
I expect a slight rise until December 2-3. and then i will sort by mid-month
Keep a close eye on the drop and enter on reversal for the upside.
Hi, The second idea I had around Oil was that we're in a flat in Wave-2. This would mean a very long correction is still to come, but we will see some upside soon. See the links below for the other ideas. Not trading advice.
HI BIG PLAYERS, the EURJPY's 1 hour chart is currently showing a nice bullish wolf wave. I suspect that the price is still dropping a bit and is making its way up the Fibonacci line 38.2. Also, the RSI is just colliding with a support line of the past lows (green circles). The RRR (risk-return ratio) used here is 1:10 (means for 1 EUR risk you can get 10 EUR...
Please refer to text on chart. Will be looking to ride the wave downwards when it happens. I also love the set up as it as great RR. ** Remember, we do not try to predict future price. We simply react to current price movements based on our interpretations of past data.