Get started

Correctivestructure

Large Correction For More UpsideUSDZAR is currently forming a larger correction that I initially anticipated. This means that the correction that I had looked at before as being a 3 wave correction, was actually only wave 1 of the larger correction. Looking at the current setup, I expect price to break the low of wave one, market with the red line, before there is a reversal to the upside. I will be looking to enter the long when a reversal confirms but may look for smaller trades to the downside in the interim as well. Happy trading! Linton White JP Markets South Africa
by Linton_White
USDCHF long, wave 4.I believe we are forming an Elliot wave and will be looking for buys on USDCHF at around 0.9700. I will be placing an order and expecting a snipe trade straight into profit. If I was to be more conservative I would wait for a bullish candle on 4H. My analysis predicts we will have a corrective wave from 0.9700 to my highlighted zone between 0.5 and 0.618 fib retracements. Trade will look something like this: USDCHF BUY LIMIT @ 0.9700 SL @ 0.9640 (60) TP1 @ 0.9860 (160) TP2 @ 0.9900 (200)
Long
by andrewlickley
THIS IS A REALLY NICE SETUP!Iv'e been waiting for this setup to confirm for a while now and have just entered the long position. Looking at the structure indicated in blue, we can see the initial impulse wave on the left of the chart, indicated by the first blue arrow. Then we can see a corrective structure which is in wave 3 to the downside at the moment. I have entered the long based on the break of the low of wave 1 as this is a good indication that we could see a reversal soon. I am looking to trade wave 4 to the top of the structure and will then wait for confirmation of a break to the upside or alternatively a reversal for wave 5 down first. Happy trading! Linton White JP Markets Pretoria South Africa
Long
by Linton_White
EURUSD Elliott Wave Analysis 09 JUN 19EurUsd trading under complex corrective pattern for last couple quaters. As per medium term structure also giving high probability to current complex pattern continue for few months. In short term prospective, last week we got some strong momentum upside. This momentum will continue upto 1.1450 level, before that once again price fell to 1.1215 to 1.1200 support zone. As per my point of views during the FED meeting on this month we can expect this level to enter Long. My Entry Levels for coming weeks: Side : Long Buy @ 1.1215 -- StopLoss @ 1.1125 -- Take Profit @ 1.1450
Long
by tidaltrader
EW Analysis: Ripple Doesn’t Show Any Bullish Signs, Yet!Hello everybody! Today we will talk about Ripple (XRPUSD)! As many cryptocurrencies, even Ripple made a strong five-wave rally in 2017, but in EW theory, after every five waves, a three-wave pullback follows! Well, seems like Ripple is trading now in that big and deep (A)-(B)-(C) correction for 2018 and probably even for 2019, ideally back to around previous wave (4), which is the most common support for a correction of a higher degree! And as you can see, there's still room for more weakness towards 0.20 - 0.13 support area, so current price action and long+sideways wave structure should be as part of a corrective wave (B), which we see it as a bearish triangle pattern! What we want to say is that despite bullish turn on many major cryptocurrencies, we still think that the bottom is not in place yet, especially because of that Ripple logarithmic scale chart, which has the same wave structure as it had Bitcoin in November last year! However, we believe that when Bitcoin turns down into a bigger correction, this is when Ripple may drop into a new 2-year low! That being said, we are currently observing a big bearish triangle in wave (B) that can take some time, ideally till the end of the 2019. And, once it fully completes, this is when it may send the price towards 0.20 – 0.13 support area for a wave (C) to complete that big three-wave corrective decline from all-time highs. Later then we can expect a strong bounce a bullish reversal! Be humble and trade smart! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITSTAMP:XRPUSD
by ew-forecast
3
NIFTY50 WAVE ANALYSIS 10 JUN 19Hello Traders, Over all around world Equity markets are Gained some percentage in 2019, Nifty also gained nearly 15% from low of this year. But we looking in the medium term pattern Nifty in ABC corrective pattern. This ABC corrective pattern reaches its saturation point as per my point of view. I am looking for 12230 to 12250 level act as strong resistance and this to again 10000 level on second half of this year. My Entery Point On Coming Months: SIDE : SHORT Sell @ 12230 -- SL @ 13000 -- TP1 @ 10800 -- TP 2 @ 10000
NSE:NIFTYShort
by tidaltrader