Elliottwavecorrection
BTCUSDT Elliott wave analysis, what are your thoughts on this?Base on Elliott's theory, right now we are on correction phase B, the question is how deep is correction wave C gonna be ?
I dont think we can reach new ATH on this december or even this Bull Cycle.
Invest wisely brother, dont put your eggs in one basket.
Feel free to post your opinion on the comment section!
GBPJPY SHORT THE LAST LEG***************************************************************************************************************************************************************************************************************************************************************************************
***************************************************************************************************************************************************************************************************************************************************************************************
This Trade was planned over a year ago. GBPJPY will possibly make a final drop to complete the last leg of a triangle formation very visible on the monthly time frame. Entered on the Daily with stop at $152.20. Lets see how this plays out. Please do your own research and DO NOT take this as a financial advise.
***************************************************************************************************************************************************************************************************************************************************************************************
***************************************************************************************************************************************************************************************************************************************************************************************
DIDI expect in corrective wave W-X-YAccording to elliott wave analysis, pricing is heading to complete 1-2-3-4-5 which impulse wave C.
GBP/NZD ShortWe expect this to be the trade of the week as well as NZD/CAD. Our fundamental bias on this pair is tilted to the upside. we expect NZD strength due to the interest rate hike circle they are on. Market is expecting the RBNZ to raise rates tomorrow and our bias is negative for GBP since we expect the BOE to disappoint the market and leave rates unchanged.
EURAUD Starts selling-off Its In Wave 3 PhaseEURAUD seems to be in a wave 3 phase less price will continue to the downside. Wave 3 is normally a wave that extends the most with very fast price action. One way to measure wave 3 is by the use of the Fibonacci extension tool, we will wave 3 starts to unfold soon. We are currently in wave (5) of a higher timeframe hopefully price will move down soon it will be very interesting to watch. How I like to look at wave 3 is by referring to wave 1 price if wave 1 was slow and choppy then that means the wave after wave 2 is wave 3.
NZD/CHF long positionThe RBNZ on their last meeting started the tapering program so that a bullish move for the NZD hence after tapering its rates hike. on the bigger structure the market is completing a WXY patterns that's in the same direction as the fundamental outlook. Note any correction will offer short term buys and any positive developments in the economic data should fuel the support for the NZD and put pressure on CHF
BTC 16/11/21I get two pans for this time of BTC (NFA)
1/ My first option to predict BTC after "Biden sign infrastructure bill, handing crypto broker definition to the US Treasury - The Block".
The price will drop to this support (red line), and to complete the expanded correction way before getting the new ATH.
2/ The second option is more positive, the price can back to move up slowly and follow the barrier triangle of correction five-wave pattern.
FCPO Comes to BIG Correction ?Hi there, its been awhile since my last published.
This is what i found for Futures Crude Palm Oil (FCPO) Bursa Malaysia Derivatives.
Alternation + Channelling in Corrective Waves
Channelling through corrective waves (by the rule of alternation, it is entering wave C in expectation of complex/sharp correction since wave B was in regular triple flat WXYXZ)
With maximum expectation of wave C 161.8% at 4649
Well, this is only the ideas and please do trade at your own risk.