it seems that wave 5 is gonna be a short ending diagonal sell when we break the confirmation level
Hello Traders Another possible decline is coming for this pair. I've identified a Harmonic pattern (don't know which one ) but also as an Elliott wave analysis this can be wave B an EXPANDED FLAT wave A and B minor degree are completed and wave C minor degree is an ending diagonal or wedge pattern and it should end between 1.78 and 1.80
GUIDELINES 1. Alternation - Wave 2 of the grand supercycle is sideways and therefore wave 4 is supposed to be sharp. 2. Ratio analysis - Wave 4 is usually at a fib ratio 0.382 of the whole 5 wave motive cycle. 3. Channeling- The target for wave 5 is at the top of the parallel channel touching wave 1 and3 4. Equality - when wave 3 is extended wave 1 and wave five...
EURUSD bulls had pushed prices to 1.1914/20 levels yesterday, which is fibonacci 0.618 retracement of the earlier drop between 1.2010 and 1.1754 respectively. Probable wave counts might be suggesting that a lower degree Wave 1 and 2 might be in place at 1.1754 and 1.1920 respectively. Alternately Wave 2 could push through 1.1965 levels, the fibonacci 0.786...
My prediction was correct and Bitcoin failed to touch 12.5k. I am expecting a reversal but I can define a target. I am expecting to at least retest the trend line.
The down trend is almost down, we have a strong fibo cluster just at the invalidation level of the triangle wait for the trend line to get broken before buying that is the safest option
GOOD DAY TRADERS WHAT WE GOT HERE IS TEXT BOOK WAVE ANALYSIS. IM LOOKING FOR THE WAVE 5 BUY ... THIS WILL HAPPEN, IT WILL GO
GOOD DAY TRADERS... THIS IS THE TRADE YOU WANT. PRICE HAS COMPLETED THE WAVE 4 STRUCTURE AND WE GOING FOR A WAVE 5 TEXT BOOK WAVE ANALYSIS