Monero declined from 155 to 62 and lost exactly 60%! This is interesting sign, but to be more confident, 62 is really nice psychological support because wave (I) resistance became wave (IV) support. There is one more and the most important sign! We see a clear double zig-zag correction, which means that correction could be completed and we could expect Monero back...
Traders, EURAUD is in correction since 01.06.2017, and this is an attempt to identify the patterns in order to understand the bigger corrective structure of the 4th (4 circle) corrective wave. We need some more info which would make the analysis more accurate but taking some standards into account, we can build a trading plan. Looking inside at the potential...
Ethereum is still sideways in a triangle corrective pattern as we mentioned in earlier updates. It's pointing up into wave D now with double zig-zag, similar as correction into wave C. Keep in mind that upside can be temporary limited arround 78,6% Fibonacci retracement and 350 level. So be aware of another decline into wave E after reached wave D! ...
A break below 1.468 could send price toward 1.40-1.41 price level. The recent rally may be rejected at the strong resistance zone as price looks to complete a larger double zigzag pattern downside. A break above 1.4810 will violate this idea and send price toward 1.5.
Traders, USDJPY is in a correction since 15/12/16 and has developed into a ZigZag W(circle) and a possible flat pattern X(circle) so far. 1- Wave-W (circle) developed into a ZigZag pattern, internal 5-3-5 structure a. , b. , c. ending at 108.130. 2 - Wave-X (circle) developed into a flat pattern, internal 3-3-5 structure (A),(B),(C) , ending at 114.488. 3 -...
This is just a correction of my count on the September 7 post. I saw that my annotation for wave Y was off and I have corrected it, but the outcome remains the same. A top is in place for a decline towards at least 2.48. Yesterdays strong decline of 3.45% adds confidence in this count. The big question is, whether a third zig-zag rally is seen from 2.48 or a...
Hello traders, we have two scenarios for going short on this pair: 1- the pair maybe move up to form (X) wave of double zigzag 2- wait until the pair break the nick line of head and shoulders pattern Good luck all
CADJPY is forming double zigzag pattern. currently, it's forming (e) point of the triangle, that will form (X) wave of double zigzag. waiting for bearish single or the breaking down of the triangle for go short Good luck traders
Hi, Finally after couple of session consolidated on resistance zone itself AUD.USD fell to finish short term Double Zigzag Pattern. Buy on channel support target should be on 0.7760.
Hi, After free fall on OCTOBER 6th - 2016 GBP.USD trading Complex corrective pattern. As per my wave count GBP.USD Double zigzag Pattern on B wave. I am looking short upside to complete B of b wave in Y wave. Target for this wave 1.2600.
Hi Every One, GBP.USD trading on complex corrective Pattern. I am looking for final leg downside for complete double Zigzag pattern.
This pair, like other JPY pairs, is in the midst of a short rally while we wait for volatility to return to the market. When it does I'll be looking or opportunities to buy the yen. I will only be pulling the trigger on this on a confirmed breakout. If and when wave-(A) completes, our best move will be to sell the (C) wave toward further dropoff. The next...
Happy new years eve traders! (my time in Chicago) As you all know I've been staying up to date on my ideas taking them piece by piece as they develop. The chart explains what I'm thinking, and other than that... ITS TIME TO PARTY!!! I hope you all continue to kill it in 2017! Give me a thumbs up if you like the idea, comment with what you are thinking, or just...
Corn has either bottomed at 319.4 or needs one more decline closer to 310.00 before a long term bottom is seen for a rally towards at least 440.00 and possibly even higher towards 519.00. The first strong indication of the bottom being in place will be a break above the resistance-line seen near 329.00 while a break above 335.00 confirms the bottom for the rally...
Bitcoin In Double Zigzag Correction (Bullish Bias) - exploring it's likely upside Earlier this year I outlined 4 possible scenarios (see chart link below) of which the 1 & 2 were theoretically possible but did not really feel high high likelihood of developing. I then explained this in later February in live webinar. This leaves us with 3 & 4 which in general...