Soybean Oil - Elliott Wave by Vitamin_K
The second wave has completed and the third longest wave has begun - A break from our downward channel has indicated our long entry - Take profit is at the 1.33447 area
Hello Traders, NFLX short-term Elliott wave view suggests that the decline to $310.84 low ended red wave “IV” pullback. Up from there, red wave “V” can have started but a break above $423.21 6/21/2018 high remains to be seen for final confirmation. Above from $310.84 low, the rally higher $376.81 high ended blue wave (1). The internals of that rally unfolded in 5...
Every great consolidation has a trend in the end.
This is an update of my BTCUSD Idea which I posted 14 of March 2018. I expected to see a bit sharper down movement similar to what happened with ETHUSD but the market always has its own reasons. In any case, I would keep this updated scenario as the main one with an expectation to see a new low. P.S. Please do not be confused. This is not pure Elliott Wave...
I would prefer to stay neutral or, at least, half the existing short in the current situation. I would not open any long position until I see initial waves of uptrend because I assume that there is a wave correlation between BTCUSD and ETHUSD but BTCUSD did not show new low yet. P.S. Please do not be confused. This is not pure Elliott Wave Analysis. This...
Se è vero che siamo alla fine della seconda onda, allora la terza onda arriverà a sfiorare i 4000 USD!
Wave 4 correcting Wave 3 has completed. Onward with Wave 5. Sub-waves will advance and correct as progress continues. Sub-wave (5) of 5 of 1 of 1 of 5 is in process. The correction of (5) of 5 of 1 to mark wave 2 provides an opportunity to add or initiate positions at lower risk for traders and Hodlers who missed the corrective Wave C of Wave 4 low and the motive...
Looks like an ending diagonal! Let's see how this plays out!
As we zoom in we see the the fractals of wave 5 in sub-waves of 3. This is an ideal place to grow an ending diagonal.
As per my previous postings, EUR has been taking a massive hit but it is looking likely that the end is near as a rally of sorts is likely going to happen over the next day or two. Below are some key facts and thoughts to share. 1: EURUSD has a Bullish Divergency in every timeframe from Monthly to hourly indicating that USD has been MASSIVELY overbought since...
looking at a classic wedge pattern here and an Elliott wave abcde correction pattern. We will see but I think it should push to the upside to the 2.618 extension based on previous time and price patterns. 16 bars 16 hrs band about 1.45% move each time. My only issue with this chart is that I am looking at the Dollar hitting possible time and price resistance...