You can sell it for $42 but there is a potential pennant so it is a good investment for the future. Stop-orders must be placed under the trendline.
Option 1: WXY flat correction (yellow labels, red and blue arrows) implies further weakness to hit lower levels. Option 2: ABCDE triangle (white labels, blue polyline) shows the hit of triangle sides first and then continuation to the upside.
Ripple is trapped within a large complex correction WXY. It is possible that we are now in the wave X unfolding as large triangle ABCDE. Wave E could be over and another drop should follow either to the ending point of wave W (0.127) (blue zigzag) or to the lower level where Y=W = 0.012 (purple zigzag). It looks like banking currency is not favored by...
Monero could be in a large corrective structure within wave 4 unfolding as a double zigzag WXY. The price should break below the yellow uptrend support. It could either reach only end of wave W at the 150 mark (blue zigzag) or dip much lower into the area of 120 (purple zigzag). And then we could see continuation to the upside to reach out to the 208.20 mark at...
USDCAD Price in the flat correction completing 'Y'. Short opportunity may come if we get sharp down move towards the highlighted area.
Traders, Previous GBPJPY development from 135.595 ( end price of (a) corrective wave) has completed unfolding into a corrective Zig-Zag pattern to 152.862 (end price of (b) corrective wave) Labelled in minuette degree, a. - b. - c. and subdividing 5-3-5, the Zig-Zag can be ‘proofed’ using fib-price-ratios. What can be derived from this Zig-Zag is that GBPJPY...
The pair is consolidating and currently located at the wave C position as per wave theory tractation. Most probably we are expecting a big move down vere soon. What we need to is to wait for a small impulse down levelling C-wave structure which could indicate the start of this ''grey swan.''
DASHUSD Update We were so lucky to get filled at 305 back on November 10th just an hour or two after the last Dash forecast went live and trade is still live and going well, so far. But it could be fading here, it's falling away from the top of the flag and needs buyers to push higher and trigger the next addition to longs. If we see this the stop on all...
potential. take all lower degree sells along the way and build a massive position.
It simply looks like a three-waves correction after an impulsive decline
After price completed a running flat between 12th September to 17th October, we saw price made an impulsive down move forming the recent low at 0.8690. Since then, price has been developing in a corrective structure, and we are now expecting another move lower potentially towards 0.8524 - 0.8651 area. Disclaimer - make sure you have a proper plan to engage the market.
looks like a flat correction in the middle could sell for wave 3 or C
After making a downside impulse the pair is correcting. First, we are going to look for one more move up to finish the last leg of the correction. After the pair goes beyond 1.3350 we will look for trades down as per our strategy. Generally we anticipate a huge move down that might test 1.25 area. Possibly it could happen this year.
There is a high likelihood for one more move up this week. The pair is forming a zigzag structure at the moment. Thus it would be a premature action to get in the market right now. As soon as the price is 1.17400, it might give us a clue whether it will go up. As of now, we are going to look only for long opportunities.
Lets combine Elliot Wave and technival analysis. According to D1 chart price is bouncing from a long term S/R and neckline (triple top): We see also a previous WXY structure already completed. Here on H4 chart: - 0.61 fib retracement - first convergence - trendline (channel) broken and retested - H1 expanded flat Thats all, entry point and targets are shown on...
Really loving what we have here! Top side resistance on RSI just broken. Look for MACD zero crossing. Notice how the 100MA is flat. Often times when a flat MA is broken, along with top side RSI resistance break, an expolsive move follows. If you agree please leave a like. Follow for more Comments are always welcome :)
There is a lot of selling pressure at these levels, and I don`t think the prices will be able to stay in this area much longer. I expect Brent oil prices to drop to 40-42$ per barrel by the end of 2017/early 2018, and go up from there to higher levels at 60-70$ per barrel by the end of 2018. One of the factors being able to influence negatively the price of oil...