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Eliottwavetheory

Triangle breakout and retesting the support- Eliot wave analysisGOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99% Long) As we can realize that GOLD had succeded to breakout the globale triangle pattern, after many rejections by the weekly trend of the globale triangle. This retest scenario was expected, and that trend contains now (and before) many pending orders ... It will surely continue to the 1710 zone and then 1721 till 1736 and so on. ** GOLD has proved now that it have more liquidity to go up for 1736 and reach the monthly globale UPRANGE! **Instructions: - Always wait for a reversal signal or confirmation before take any trade. - This is an idea to help you make a decision.
TVC:GOLDLong
by MarjaniFX
6
USDJPY: SELL OPPORTUNITY SOON!USDJPY has been on a run lately but with the very long 3rd wave completed, and making a move to the 4th wave, we can expect the 5th wave to be very small, with a chance to be in a good short position around the 110.35 price level as it corrects down. There is a trend-line that should run right below wave C. This may be a good area to buy at but it's too early to tell. Note: Expect wave 4 to correct no more than around the 38.2% of the move. Good luck traders! I am not a financial adviser. This is for educational purposes only.
Short
by PierreFX
TRV Potntial Short 5th Wave Swing Trading OpportunityUsing our Elliott Wave Indicator Suite for the TradingView Platform we have identified a potential Short 5th Wave Swing Trading Opportunity on TRV. The 5th wave move in an elliottwave sequence is the highest probability move. The wave 4 pull back after the earnings gap down has found resistance in the green zone of our probability pullback zones, which represents an 85% probability that our automated 5th wave target zone, in blue on the chart will be hit. We see yellow dots formed in the oversold zone on our special False Breakout Stochastic indicator, which signals strong Bearish momentum. When, during a wave 4 pullback, the stochastic pulls back against these false break out dots and crosses in the overbought zone, there is a high probability the stocks price action will resume the overall bearish trend. We also measure the wave 4 behaviour with our Elliottwave oscillator, which has pulled back within our pre-determined zone. So overall we have identified, using our Elliott Wave Indicator suite for TradingView, a high probability short swing trading opportunity on TRV with the following entry strategy: Short entry through $132.22 Stop Loss $136.22 Target $126 Giving a Risk to Reward over 1:1.6 Learn more about our Tradingview indicator suites by watching the video tours >>HERE<<
NYSE:TRVShort
by xBratSoftwareSolutions