In the weekly frame price seems to be correcting the whole impulsive leg in a flat structure. Currently we are in the B part of the flat. For those who have not positions in this pair try to look for pullbacks or corrective strucutures in lower time frame to join the bearish trend
Currently forming a running flat structrure but be careful it may even transform into an expanded flat
The Flat correction is completed in ABC, I expect this pair to be bullished by now. Those who do not have positions in this pair, try look for a corrective structures then simply jump on the trend
My opinion, this is a flat abc. We can short here!!! What is your opinion?
My Opinion, in 1h timeframe, Wave B in zigzag ABC ( or triangle or flat... ) is over , wave C begins. Sell 0.86370 Takeprofit 0.86460 Stoploss 0.86040 Riskreward 3 This is my opinion about eurgbp. What is your point of view?
Flat correction completed now will continue after a minor pullback
USD/JPY is in a flat correction where it has completed the leg A and B, now to finish the remaining C leg, it has to come down in 5 waves but after then it will either reverse to the downside or continue the bullish trend to the upside
big chance that Eur is doing a flat we just ended B wave and going up in C wave
AUD/USD is just near to complete the Zigzag (abc) pattern and then it will give a reversal to the upside
Trend of EUR Mostly in a down Trend if not heading into a range. Trend of EURGBP Looks like it is turning into a range. Price from 60m shows sellers not being able to make a new low on the first attempt Currently the 2nd is sellers are slowing down. Signs for entry (long) Currently there are signs of sellers momentum dying off. Preparing for london open and...
Looks like Pound dollar is in the middle of a flat structure
GBP/AUD has completed a triple correction (WXYXZ)-(Flat-ZigZag-Flat) in weekly time frame, also it forming a rising wedge with a strong bearish divergence to the down side.
Now this is the bigger picture, as we all can see very clearly that a weekly flat(abc-335) structure has been completed, so there is a great potential for the price to go down in 5 wave structure. This is a great opportunity to enter short term position in USD/CAD.
BTCUSD has been choppy, but the weekly chart shows a potential bullish TK cross on default ichimoku settings and lagging span above price if bitcoin stays within its current range. This scenario agrees with a bullish narrative using TD9 sequential, with a weekly 9 followed by 1-4 candle correction before trend continuation. A retest of daily moving averages in the...
if first blue A-B-C = (A) or (W), second blue A-B-C=(B) or (X), then we can expect wave (C) or (Y) to follow. e.g. Green 1-2-3-4-5 = (C) or pink A-B-C = (Y) We know that Wave (C) of a flat usually between 100% and 165% as long as wave (A) Wave (Y) of a double zigzag often about the same length as wave (W) (or common Fibonacci ratio o.618 or 1.618) Both...