#GBPCHF - Short after correction Waiting to see when this correction might finish for a big push down towards 1.12
Correctivewave
Waves and Projections - Start of Supercycle Wave III, Post-ABC?SPCFD:SPX
Believe I have narrowed down the choices to two possibilities on the Supercycle level:
1) Just completed Wave I of the new 2020 Bullish Supercycle*
2) Just completed Cycle Wave I of Wave 5 for the 2009 Supercycle*
*I think that we are about to start the ABC corrective phase for either choice, regardless of what 5 wave impulse was just completed.
Any thoughts would be dope.
#GBPAUD - Short Correction to the upside seems to have been completed.. soon as spreads die down on Sunday night I will be going short on this pair.
#AUDCHF - Long/BuyWaiting to see if we can get some sort of double bottom pattern to form.
If not then a strong break through the correction
EURAUD - ShortCorrective phase looks to be finished aiming for the lows
Any questions feel free to ask
Elliot Wave Corrective Wave, 70% Sell OpportunityChart Patterns: Standard Elliot 8 Wave Cycle, Corrective Phase
Entry price: 0.64128
Stop Loss Price: 0.64831
Take Profit Price: 0.62604
Estimated Duration: 2-5 Days
Probability to Meet Target: 70%
#AUDCHF - Short After Correction #ForexWith already being short, I am simply waiting for some sideways movement on a lot of the AUD pairs the beginning of next week.
If a corrective pattern does form and I get a reason to enter I will go short and bring my current positions stop loss to the same place my new one would be.
Any questions feel free to comment or drop me a message
#GBPAUD - Long #ForexVery similar price action to EURAUD, but due to how strongly the 2 seem to be correlated, I will only be taking the one that seems the best.
Again also aware that it could form a much deeper correction before moving higher
#EURAUD - ShortI believe another big sell-off is inbound for EURAUD
Seems like the market is just correcting now before a further push to the downside.
there are different possible scenarios..
#1 we just break through from here.
#2 we have a third touch of the corrective structure, and then we move lower.
Will be interesting to see how it plays out.. either way I have my alarms set for that bottom trend line
EOS Is Nearing The End Of The CorrectionAll explanations are in the chart.
Please leave a LIKE and COMMENT if you enjoyed the analysis.
#GBPAUD - Correction due?!strongly believe this is due another correction..
It may come here it may come further down the line but when it does be sure to load up your shorts
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.
#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
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...
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SHORT to 9617 USDtSHORT - 9617 USDt
Triangle correction Wave
(ascending Top Flat, bottom rising)
5° Waves.
TP: 6917 USD.
SPY SHORTConsidering the following,
1. For the Fib scale M-N and fib scale L-N, the retracements 61.8(L-N) and 76.4(M-N) coincides almost at the same level.
2. For the ABC corrective wave, the AB part of the wave retraced to 38.2, so I believe BC should extend to -61.8(290.48), which also coincides with the levels mentioned in (1).
3. 281.47 is a key level and cannot be ignored, but I believe it's a high probability that it won't stand.
4. The zone 288.70-291.74 is also a key resistance where all the fib levels mentioned in (1) and (2) lies.
5. MA(50) is also a factor I believe will stop the movement of the market upwards.
I won't take a SHORT position exactly at the zone 288.10-291.74, I would rather wait for an entry reason(s) such as a bearish engulfer or a downward momentum shift, etc.
Sorry, the chart's too messy
Let me know what you guys think.
Thank you
#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
#GBPCHF - LongWaiting for this correction to play itself out then I expect the price to push higher.
Lets see how it goes
#USDCAD - Smaller TF - ShortWaiting for a break of this corrective structure will then be entering a short position
We have had a test of a weekly resistance and have moved below the structure
Currently correcting from an impulsive move to the downside
