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Correctivestructure

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
BREAKOUT IN EURUSD - 1H CHARTHey Traders, I brought this idea to my mates in the team. We are going to get a breakout in EURUSD I have been monitoring this corrective structure since the end of December, and it looks like a Leading Diagonal, could break into a slow downtrend move, I don't think it will be a sharp move. Gold seems to be dropping from the corrective structure it's broken already so these two possibilities in EURUSD. 1- Sideways consolidation forming a flag will develop into a breakout. (BLUE ARROWS) 2- Sharp moves up will develop a 5th wave in the Leading Diagonal structure. (RED ARROWS) Either way our big trade is the sell! Hope you like it, Carlos
Short
by ccerezo11
2
BUY SET UP IN EURJPY - 2H CHARTHey Traders, Long time no post, happy new year and happy holidays! I am back with a few analysis from my holidays, one is this trade, EURJPY. In my team we traded the flag down, we managed to get a 116 pip trade done. This flag is finally reached 0.786 of the fibo so I am sure it will try to brake it. The ongoing brake maybe a Throw-Over so we have to wait, if it consolidates on top of the line then we get a buy set up. If flag ain't clear then wait for a CLEAR BRAKE of the upper resistance level. Carlos
Long
by ccerezo11