On this chart I am sharing my Elliot Wave count for the TRBUSDT. Some might argue that this is a huge ABC correction, instead of a 123 Waves up. Yet, the wave 2 certainly looks like an ABC corrective pattern, potentially validating the 5-wave up upside scenario.
TRADE PLAN GBPNZD Daily DESCRIPTION Price appears to have completed 5-wave sequence followed by Waves A and B of ABC correction cycle. Apparently wave B of ABC correction appears to have complete confirmed by a Bearish Engulfing pattern developed last week. Price has a high probability to visit 1.89200 level for potential Bullish Move for Wave...
The pair seems to be forming an abc pattern as a retracement after the impulse wave. This shows that the pair is in micro wave c of subminuette wave ii. If this is correct, then we will be going long towards subminuette wave iii. NOTE: Not a recommendation. Just an opinion.
I would provide here some my view for the Dax for the next few Weeks. I think the picture speeks for itself.
Hello Traders, Today we will have a look at the VOX ETF in the 1-hour chart. Near-term the ETF ended the cycle from 06/28/18 low (84.09) in blue wave (1) at the peak of 07/12/18 (88.26). The internals of blue wave (1) unfolded in a 5 waves Elliott Wave impulse with an extended red wave 3, where it ended red wave 1 at the peak of 06/28/18 (85.43) and red wave 2...
Crude has been ranging between $38 and $56. Probably embarking on a triangle pattern. If this wave analysis is correct, we could see price dipping toward $45, completing the last leg of the triangle pattern, before making a giant rally to $60 or more. To trade this pattern, one will have to wait for this dip to happen and complete before looking for a bullish...