OIL - diagonal triangleThere's a possible diagonal triangle, so we could have wave (iii) in the short term
Elliottwavecorrection
EURUSD - wave [ii] endedWave has been formed, so there's an opportunity to have a bearish impulse in wave (i)
ABC Correction on USDCAD weeklyHey guys! Look at this formation. What do you think? As for me, it's a good Elliot wave ABC correction we might have here. On daily chart, am looking for an entry. We can see the 3 black (red) crows candlestick pattern. Aggressive traders can go short now and build the C impulse. Conservative can wait for the C impulse to complete. As for me, no time to wait.
GBPCHF - wave (iii) is about to startWave (ii) is going to end, so we can have another bearish impulse soon.
USD/CHF outlook based on my understanding of Wave Principle Hello! I hope everyone enjoyed the holidays! I picked up a few books on EW and a lot of my ideas are updates as I progress my understanding of the EW principle. Thanks for feedback so far, the likes and comments! Let me know what you were thinking! If you like the idea give a thumbs up and if you had an idea post it in the comments. I'm looking forward to 2017 and expanding my knowledge of wave trading. I will keep my ideas updated to the best of my ability! It's almost time to enjoy the new year! I'll be taking a break from executing any trades!
GBPUSD Butterfly Possible on daily , Watch out for it !!Hello guys ,
many of you know the rules of buttery fly pattern but i will mention it below ;
Leg B= 0.786 Retracement Of XA
Leg C= 0.382; 0.886 Retracement of AB
Leg D= 1.272, 1.618 Extension of XA
This is daily time-chart
Now i believe that Leg C will reach the 0.786 or 0.886 because we are in wave 4 in a Downtrend which is a corrective way ,and to be more specific the price now is going to form Leg C which is the last leg of a corrective way .
When leg C is completed we are going to have the last massive downtrend until the pattern is completed at 1.618 extension.
One more Conformation about the end of the big trend , if you check the whole trend to the down side you will see that the extension 1.618 of the first big wave , Wave 1 , will matches the D point of this pattern which also 1.618 extension of XA leg
Please be careful this is not a trading advice , Check your strategy , your entry setup and make your own analysis before you enter !
Good luck traders ,
If you think that i am right please support me with like bottom , otherwise comment below with your opinion :)
