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Correctivestructure

ABC PATTERN IN EURAUD - 4H CHARTHey Traders, Just a re-analysis on this. Still looking for a sell to trade the C wave of this possible ABC pattern. Now it could start the impulse before expected (red). If you want to trade this look for a correction or a flag and sell it to the low at the end of Wave A. - Hola Traders, Simplemente un re-analysis en esto. Sigo buscando una venta para operar la Onda C del posible patrón ABC. Podría arrancar en impulso antes de lo previsto (rojo). Si queréis operar la venta buscad una corrección o una bandera para venderlo hasta el bajo en el final de la Onda A. Carlos
by ccerezo11
8
USDCAD: Is the long term correction finally over??!I know everyone enjoyed the UCAD sell if you were on the short side! :) now is it time for more upside longterm or is this just the beginning of another bigger correction for more down? Depending on how PA behaves we should know! Price has been pulsing up on lower TF and just completed an hourly flat pattern. I will keep this one updated as price progresses! There is no crystal ball, how price plays out is anyone's guess. If a forecast isn't going your way and you're in the trade, always have a stop in place were you will be wrong! Never get emotionally tied to trade ideas! It's never a good time when that happens! Always trade responsibly and professionally! Have a great week! some previous ideas on UCAD in the related Ideas. If you have a similar view post it in the comments! Thanks for looking! :)
by adambiers
Bitcoin - Target area for wave D seen between 4,390 - 4,425My preferred count remains that a triangle is unfolding as wave 4. If this count is correct, then the ongoing wave D rally should complete in the 4,390 - 4,225 area for a final zig-zag or series of zig-zags decline(s) in wave E towards 3,655 to complete the triangle consolidation and wave 4 for a strong impulsive rally in wave 5. In my September 14 post. I called for wave C to complete near 3,300. It did extend below that point and bottomed at 2,972, but no matter what, this should be the lowest point of the wave 4 correction as stated then. As there seems to be a tendency for extended wave five rallies, I will be looking for an extension this time too, which could cause a rally in wave 5 all the way up to 9,150...
BITSTAMP:BTCUSD
by EWS
1
Bulls Waking Up SoonLTCUSDT has seen a very healthy correction thus far (along with all other top crypto). Lets see if this is the bottom or not. I've since changed my position from a 5-3-5 zig zag correction to a 3-3-5 regular flat. A few weeks ago I missed the top estimate, but nailed the severity of the correction (I think). This seems to confirm to me that LTCUSDT and LTCUSD has seen a complete overall cycle wave 1. This correction end point will mark the end of wave 2. First indication: The current price is jostling directly on the overall cycle .5 re-trace. Very popular reversal for wave 2. Second indication: It is riding its lifetime uptrend. While I expect a breach of this uptrend before beginning wave 3 to create a new uptrend, I still think this is a very good indication for at least an end to correction wave A as it presents a psychological border. Third indication: 1HR RSI shows large bullish divergence while 4HR RSI shows oversold breach. Fourth indication: Take a look at the -/+ volume in this triangle forming as compared to the last week. Traders are getting restless. I see three possibilities from this point: 1) Optimistic in Green - Begin overall cycle impulse wave 3 to 120s. 2) Realistic in blue - Begin correction wave B of overall cycle wave 2 to 70-85 region before beginning wave C down. I see this as the most likely due to the short time this correction has been running if it is truly a correction to overall cycle impulse wave 1. 3) Pessimistic in red - Charlie Lee is the devil and wants to watch the world burn with extensions of current down. Stop set to 40.5 in the event of scenario 3. Keep an eye on BTC as it's the one that seems to drive the crypto world. Let me know if you agree or not. I welcome your constructive criticism.
Long
by AngryBoris