Traders, USDJPY is in a correction since 15/12/16 and has developed into a ZigZag W(circle) and a possible flat pattern X(circle) so far. 1- Wave-W (circle) developed into a ZigZag pattern, internal 5-3-5 structure a. , b. , c. ending at 108.130. 2 - Wave-X (circle) developed into a flat pattern, internal 3-3-5 structure (A),(B),(C) , ending at 114.488. 3 -...
Hi there! Ending diagonal in wave c of B. Break below support would confirm the finish of the pattern. Target 0.7737 (C=A) Risk 0.7997 (Peak of diagonal)
Hi there, The previous model was broken when the price breached the downtrend. The price moved beyond the start of the wave W and it could hit higher level to reach 1.272 of wave W at the 1.1977 mark. After that we could see a strong downside move. It is possible to see a double zigzag as it was highlighted on the chart. Would it be an Expanded Flat or a Running...
Keep look this weak and last bullish of EUR i guess you can speculation with small volatility for short in Intra-Day but becareful i think wating for long @130.174 -@129.588 might be a good price
We see AUDNZD completing a potential flat correction within a bigger wave 2 with recently touched resistance zone, which can push prices lower. A flat correction is an elliott wave pattern, which consists out of three waves, with a formation of a 3-3-5. This means wave a and b have both three legs and wave c has five. Thats said, hopefully this pattern is now...
As we can see this pair is forming a Flat, which means it's a good opportunity to sell it after it breaks the 4th wave of the ending diagonal. The pair is already at the bottom, so please take your profit as soon as possible because we don't know when the biggest correction or the reversal may occur. P.S: This content is for educational purposes and discussion....
Traders, EURGBP dominant trend remains Bullish on the WEEKLY chart. Since 6/10/2016 it has been in correction and has developed A (circle) and B (circle) corrective waves so far. Right now, we are looking to sell the next impulsive C (circle) wave. 1 - Wave-A (circle) developed into a 5-wave motive structure, ending at 0.83045. 2 - Wave-B (circle) developed into...
Hi guys my view on NZDUSD enticipating this to break 1st high and drop (MORE POSSIBLE) or maybe break 2nd high and then Drop (LESS DROP) Trade with Care :) EURUSD GBPUSD AUSUSD And NZDUSD also bit more upside then down side
Easy break through zone for silver where cloud made a thin area to break, Caution though, simple breaks like these do not provide strong data on whether to continue long or short. CTF bouncing on lowest level and testing its strength against trend lines be ready for anything. --------------------------------------------- CTF - SILVER -No Trade action until...
GBP/USD has just completed an ABC expanding flat, furthermore it has also just once again bounced from the trending. Due to the fact that it could not break it, leads me to think that it is a good time to short. Goodluck traders.
S and P 500 2 Trends 2 Trades Seasonal factors are beginning to show on S and P now. Over the last 20 years May to October periods have produced a correction of between 5% and 41% in every year without exception. The average loss per period was 14.9%. For the last 7 years if you'd bought the S and P on 16th October each year and held for 6.5 months until selling...
Wave 2 looks to have completed in 3 waves between the 0.5 and 0.618 fib retracement levels of wave 1. A wave 3 is likely to follow soon. This wave 2 could also still develop into a more complex pattern such as a flat, if the move up develops in 3 waves to the wave i extreme protect yourself by moving your stop to break even as soon as the impulse is invalidated.
It has been a while since I last updated my count on Feeder Cattle. In my update from August 8 - 2016 I called for wave (A) to be in place at 134.25. The price-action that followed, doesn't really support wave (A) having completed and therefor, the preferred count has been changed, to this count, which shows that only wave 3 completed at 134.24 and the ongoing...
Note: I should have extended the minimum target level down to the 1.618 fib extension of wave 1. Wave E of a Triangle in Wave 4 has completed and Wave 5 is likely to follow. Wave 2 has completed as an Expanded Flat just after the .786 fib retracement of Wave 1. Wave 3 is likely to follow this Wave 2 Expanded Flat. Pending order has been set on the break of Wave...
A buy on NZDCAD seems the most favorable option as price is in a correction phase. This correction can develop into two types of flats, Running Flat in "Scenario 1" or Expanded Flat in "Scenario 2". The only difference between these structures is that the latter breaks the low of Wave A while the former doesn't. And of course an Expanded Flat means more...
Just a simple wave analysis. I'd love to buy in at 8 and a quarter if we get down that far :)