AUDUSD - REVERSAL FROM DOUBLE ZIGZAG PATTERNHi,
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.
Elliottwavecorrection
Leggett & Platt Not Done FallingUnless you want to experience a 30% decline, you might want to stay aside for a while.
AUDCAD end of day structure (Still got bullhorns)bit.ly
#AUDCAD price structure appears to have corrected today forcefully to reinforce our earlier bullish bias. Revised price structure interpretation shown here. See chart!
Elliott Wave BasicsHey traders. Here I have provided some notes of mine for the very basics of the Elliott Wave 5 wave structure. I am open to constructive criticism. All of this info is derived from the Elliott Wave Principle Book. Thanks Everyone.
AUD/JPY Expanded flat? Running flat? Breaking down structure Hmmm as I progress understanding of wave theory, I like to look at the charts differently and expect the unexpected. This to me appears as a "expanded flat" I've quit trading the animals because Ive realized the importance of wave structure! Have a great weekend!
EUR/USDEUR/USD
Over all Direction is Long. Wave C projection, Bearish Cypher, Inverted head and shoulders also rejecting at 61.8 Fib retracement. If price printing above my baseline and a failure to print below 61.8 zone. will suggest that price will go further and finish the Bearish Cypher Projection.
Marriott is Running on FumesPost-2008 uptrend seems to be in its final phase. A major bearish reversal might be expected once wave (5) is over.
Divergence USDJPY divergence If anyone is good with elliot wave and rsi divergence please comment. I believe this is known as reverse bullish. would appreciate some input
Also found an elliot wave inside my other Elliot wave so since the first correction was pretty close to the mark i guess this one should be pretty close too.
I dont pretend to know how long the dollar will drop all i know is the drop is slower than the climb which tells me a lot. I also want to see if friday will continue a down trend. I think the trade will probably go thru the weekend
im just gonna set a price order to catch a piece of the spike
This is not investment advice
USD/JPY 3 for 1Just what my current trade positions are and where i see them going. Dollar is way OP
Simple flat corrective structure, bullish flag! as with all GBP pairs I believe we will have more upside before the downside. Trade responsibly! :D
EURUSD Forecast | Elliot Wave forecast for 10 February, 2017EURUSD completed the formation wave as mentioned yesterday. My short-term EURUSD Forecast is bearish. I am neutral waiting for the selling levels. Now I am expecting a move up for the completion of wave . My medium term EURUSD Forecast remains bearish. I am working on two Elliott wave counts and both favour a bearish move in EURUSD. The pair is trading at the intraday support level it can move higher to complete correction. But I do not have any plan to buy it. I am looking for resistance level of 1.729 to go short on this pair.
Could this be it? My understanding of Wave Principle! Could this be it for USD/CAD? Watch out for stop hunting if this is final move! What do you think traders? Leave some feedback! Thanks for looking!
Bearish Elliott & Harmonic OutlookBearish Shark Formed
I think the extended W#5 is completed by the breakdown of the blue uptrend line .
Currently we maybe in a bearish correction targeting the 0.618 green fibo level
Elliott Triangle? Hmmm update from my previous idea where I had a possibility of a complex triangle forming. Hmmm.
UKOIL POSSIBLE BREAKOUTWhat I see here is an impulse followed by a correction, consisting of two zigzags and a triangle. I am waiting for the breakout from the triangle and then making a trade.
Correct me if I am wrong, thank you.
UKOIL POSSIBLE BREAKOUTWhat I see here is an impulse followed by a correction, consisting of two zigzags and a triangle. I am waiting for the breakout from the triangle and then making a trade.
Correct me if I am wrong, thank you.
USD/JPYThis is not investment advice.
This is a very messy elliot wave and i expect the correction pattern to be nothing less.
The #2 wave didnt follow the rules but leg 3-4 did.
I believe the flag is more noise due to being so close to market close.
USDCAD CORRECTIVE BUY SETUPHi Every one,
USD.CAD chart we can clearly see ABC corrective structure. On intraday basis we can expect further downside upto 1.2940 level. This level act as possible wave reversal level for this corrective structure.
reversal date 27 / 01 / 2017
USDJPY CORRECTIVE BUY SETUP Hi Every one,
USD.JPY possible reversal corrective setup is forming. In Intraday basis USD.JPY weakness should continue upto 112.15, we expect possible reversal from 112.15 level.
Possible reversal Date 27 / 01 / 2017
Academic correction in Gold following extended fifth waveFollowing fifth extended wave, the ensuing correction can find support at wave 2 of extended (5) th @ 1177.x
1177 is also a target for (c) = 1.618 (a)
Another reversal zone might be @ 1170.x - head and shoulders target and low of wave (4) , but I think it is less probable.
Longer term sell on GU -outlook Just an outlook on GU. Will only take the right sell set ups. Obviously with my other Idea I'll be looking for shorter term swings on the D. But when we get to the top of the structure it's SELL SELL SELL homies! ;p
Looking like another continued correction! Hi traders, correlation with NU. This appears to be making a continued correction.
Thumbs up if you agree and comment with feedback! I look forward to talking to you!
