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Correctivestructure

ABC PATTERN IN GBPUSD - 1HHey guys, I have been posting charts on this pair but this is the last one I will post for Buys. We are probably having an ABC structure after a sharp impulse. Maybe this ABC could turn into a more complex correction but by now I bet it is making a Flat ABC. I am expecting it to brake the low and reverse somewhere between 1.2410 and 1.2339, then I will trade the move up, hopefully another sharp impulse. If it makes a sharp impulse until 1.2839 we will complete the H4 three wave structure and I will start looking for sells. Carlos
Long
by ccerezo11
2
USDCAD WEEKLY OUTLOOK 6 -10 FEB 2017Hi Everyone, Yesterday we got better than expected job numbers, but there is no sign of USD strength. Major pairs are in complex corrective pattern on lower time frames, that is the reason we got some weakness. Coming week what we can expect means, first two days of trading dollar strength. Remaining days weakness we can expect. Usd.Cad move to resistance zone 1.3115 - 1.3144 on first two days of trading. we can enter short on this levels. weekly close i am expecting near to the this week close.
by tdurai84
Elliott Wave OutlookThere is a weekly corrective WXYXZ Pattern forming , and currently , the final wave Z is in progress . Wave Z internal structure is A,B,C : i.e. 5,3,5 The current bullish impulse wave moving in within the green up channel is wave A The breakdown of that green channel could be a sign for a down correction of wave B which can be any three corrective structure like ZigZag , Flat . The breakup of the resistance line of wave B could be a sign for the end of the down correction and a resume of the bullish impulsive wave C to complete Wave Z of the larger corrective pattern WXYXZ from which price may go strongly down
by MohamedMagdy
2