Correctivestructure
EURZAR has truncation at Elliot's fifth waveEURZAR has truncation at Elliot's fifth wave and could be start with corrective waves.
A truncated fifth wave, which is a sign of exhaustion in the main trend at next higher degree, is often preceded by an exceptionally strong third wave of the same degree. A truncated fifth wave is often fol- lowed by a swift and sharp reversal.
#GBPCAD - Long Waiting for this correction to be over at some point before I jump on a long position
EURUSD FREE FALL SELLING THE 1H RETEST SUPPLY ZONE REJECTION IF THE DAILY CANDLE CLOSES BEARISH .
IF IT FAILS, I'LL UPDATE ON HOW THE BULLISH MOVE COULD UNFOLD.
#AUDUSD - Possible ShortCould reverse at the point.. But on the larger TF's it is currently bullish in my opinion.
See how it plays out
#AUDCHF - Long 30minWait for the next drive.
You will see when the buyers are coming back into the market
BTC CORRECTIVE STRUCTURE - NOW Hey Traders and Hopeaholics!
Quick run-through current corrective structure from an ELLIOTT WAVE pov!
TRIANGLE (YELLOW)
Triangle formations are corrective patterns that are bound by either converging or diverging trend lines.
Triangles are made up of 5-waves that move against the trend in a sideways fashion. These triangles can be symmetrical, descending, ascending, or expanding.
FLATS (PINK)
Flat formations are simple sideways corrective waves.
In flats, the lengths of the waves are GENERALLY equal in length, with wave B reversing wave A’s move and wave C undoing wave B’s move. We say generally because wave B can sometimes go beyond the beginning of wave A.
ZIGZAG (AQUA BLUE)
Zig-zag formations are very steep moves in price that goes against the predominant trend.
Wave B is typically shortest in length compared to Waves A and C.
These zig-zag patterns can happen twice or even thrice in a correction (2 to 3 zig-zag patterns linked together).
Like with all waves, each of the waves in zig-zag patterns could be broken up into 5-wave patterns.
Information from Babypips for education purposes only.
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If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns.
So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED!
And remember, there is NO RIGHT OR WRONG in trading - just money management!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not a financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me alike, that way you get updates as I post them.... :) <3
#AUDUSD - LongWaiting for a third touch on the bottom of the corrective wave to then look for a long entry.
#EURUSD - Sell Was really willing this pair to go long.. but it just couldn't break 1.10
I strongly believe this pair could crumble to the bottom of the structure lows now down at 1.07862 to begin with and then even further down to 1.06353 as the 2nd possible targets.
#USDCAD - Long Bias has completely changed due to the move down not being strong enough.
We will see how this plays out
Descending Broadening Wedge For BitcoinPlease leave a like and comment if you enjoyed the analysis.
The price could be completing an a-b-c-d-e correction inside a descending broadening wedge.
The price is possibly beginning the 2nd subwave.
Final target : $6310
#GBPUSD - LongExpecting another rally from GBPUSD
It could just rise from here and continue to the upside but I am expecting another correction within the corrective wave, then I expect a big move to the upside.
#CADCHF - LongWaiting for confirmation of a long on this pair.
Waiting for a sign that the next impulse leg will begin
#GBPJPY - Long OpportunitySimilar to AUDJPY analysis except this is moving a bit more sideways than in a bearish movement.
Waiting for a sign that the big boys are interested in buying again.
#GBPCHF - LongWaiting for this correction to play itself out then I expect the price to push higher.
Lets see how it goes
#EURGBP - Short incomingEURGBP - currently correcting leading me to think that another impulsive move to the downside is coming.
Waiting for a sign that the big boys are ready to sell again
Low probability but high RRThis two ingredients balance is one of the key of success. I don't prefer to high RR, but sometimes I taste it.
So the moving from wave (i) absolutely corrective. I have been waiting for wave (ii) will be completed patiently. Next move should be upside beside USDCAD mustn't move below 1.3915!!! At the support zone, the correction has to end! For me, the target is above 1.5
We will see
