Elliottwaveretracement
June Live CattleJune Live Cattle supported prices at 104 Friday. There is a downward wedge here but prices came back Friday to negate some of this action. A potential small bullish Gartley pattern is taking shape to push prices down to 101.050 before continuing up. If bulls can continue this markets upward climb look for 104.725 as next potential target. If bears can sag this market, look for 102.700 as their target.
GDX Quad-Timescale Oscillators Agree Elliott B-wave of (2) downWe're at a great juncture on GDX for illustrating how Fractal Resonance Oscillators can help confirm a particular Elliott-wave structure. This is Avi Gilburt's primary count on elliottwavetrader.net and (for now) it perfectly matches the oscillator states across all 8 timescales.
Notice the upcross on 15-minute oscillators coincident with the little bounce at end of day Friday. Simultaneously, the 4-hour oscillator finally registered a downcross sell. It's VERY common to see these simultaneous opposing peaks on oscillators ~4 rows or 16x apart. We trade this with an immediate scalp buy but are ready to sell more heavily on next 15-30min overbought downcross and then buy even more heavily as 4-hour becomes oversold.
This kind of scalping along the shorter timescale with big positioning guided by longer timescales is important. Backtesting shows that if you solely try to trade the longer timescale crossovers (i.e. take this 4-hour sell right now even though we have 15-minute buy) you will usually LOSE money due to the large lag in the longer-timescale oscillators.
[AUDUSD] HOW CAN CHANGE/CONTINUE A TREND (educational)Technically speaking, it should sell audusd below 0.7334 (max wave 4), but potentially the pair could reach the resistance at 0.7385, if it will happens, the trend will remain bearish only if it will develop a spyke with a daily close below 0.7334. A daily close above 0.7334, it will fail the bearish impulsive structure.
This is not "a call" for you, but only an "educational chart"!
Our last Analysis:
(Click and Play)
Thank you for your support and trade with care!
EURUSD - flat in wave (ii)Wave (ii) going to end soon, so we can have just another bearish impulse in wave (iii)
GBPUSD - price testing MAIf one more pullback from MA happens, wave v of (iii) is going to be continued
EURUSD - wave (ii) going to endWave (ii) going to end soon, so we can have just another bearish impulse in wave (iii)
AUDUSD - bearish impulse We've got a triple three in wave 4, so the price is declining in wave 5 of (A)
[1H] AUDUSD Short @ .5 Fib RetracementAUDUSD Shorting at minor resistance + .5 Fib retracement.
waiting for price action signal to confirm movement on either side of .5 / resistance line to confirm movement down to 0.73 area low.
Start of Short Impulse/ continued correction Looking like the end of the correction here on AU. If correction is over and breaks through supports it appears as if we have a good swing trade move on our hands! Looking to enter short with multiple take profit targets. Thanks for checking it out!
CARA out of correction and into impulse wavesSeems as if CARA has gotten back into the swing. Looks like a good one to hold for a while.
WINT touches 200 day MA, higher than 100 and 50 daycall it as pre fifth wave. one more downtrend before correcting higher imo. best, matt
[GBPUSD] IMPULSIVE TREND....in short term.
Bearish fake breakout triangle:
Thank you for your support and trade with care!
