This is a good sell setup since this could be an ending diagonal and we will have the next wave down to complete the structure.We have an impulse and a correction and you can sell the breakout if you have a plan to trade it. Trade based on your own strategy
USDCAD has been trading higher for the last few weeks, especially since crude oil has turned south. On Loonie we see higher highs and higher swing lows but with overlapping price action between two converging trendlines so pair can be making an ending diagonal as shown on the 4h chart. That's a strong reversal pattern which could send price south this month,...
Looks like AUDCAD is about to break of this ending diagonal in 4H chart. There is also MACD divergence confirming it.There may be a last move to the lows so be careful and wait for it to consolidate above the trendline before buying.I'm targetting 0.9900 area
this corrective pattern looks like a double combination. Momentum is shifting from down to upside. i will buy if it breaks above d wave of triangle.
i will be looking for buy opportunities next week the overall trend is downside, but it seems that this correction phase is about to end with a double combination structure ending with triangle and MACD divergence tells that upside momentum is increasing. because its a counter trend trade, and the movement to upside will be another correction phase, we have to...
I like the larger shape here, the way the price action spilled out of the narrow channel and came back to rest up against it. - Wave 4 left the narrow channel and - wave 5 (if complete) only made a slight new high above wave 3 - Plus wave 5 appears to be ending in a Diagonal. These are characteristics of very common Elliott wave structure. This also...
AUDUSD has been on a long term correction and potentially ending the correction completing A-B-C on higher time frame. As per short term trading time frame the pair has broken out of ending wedge and could potentially go higher from here. There are two trades ideas that can be taken at this moment. Happy Trading!!
This is a follow up of the last elliott wave analysis published 8 months ago www.tradingview.com The basic change is in the extended 5th. The diagonal as we expected did not work due keep the original wave count as originally stated is impossible due now will see the 3rd wave as the shortest. This can't be even in diagonals. So the best way to update it is by...
Wave 1 (subdivided in 5 subwaves) has ended at 231. We will have a wave iii of 3 of C (C is a third wave) so we should have massive volume, price could go really low. Now we should get a small retracement before wave 3 begins.
The 5th wave is forming ending diagonal. There may be rally up to the base of the diagonal. I took my target, the 50% retracement of wave (A).
Look at this picture, euro is in the stage of wave 5. in the present situation, wave 5 is more likely to be ending triangle.It has formed dot 1 and dot 2. Dot 3 is forming now. In consideration of daily transaction intensive area 1.4050-1.4100, I deem dot 3 probably in this area. Link dot 1 and dot 3, we will find dot 5. I think CPI of EU has fall to the...
I think we are getting close to the end of the C wave ending diagonal. An ending diagonal for a C wave is rare, but I believe the properties coincide with where we currently stand fundamentally in the bitcoin world - uncertainty, and the struggle between old bulls and bears is coiling down into the tip of a wedge.... More often then not, the 5th wave of an...