EA, ending diagonal? We we still be "in the game"?Looks like an ending diagonal! Let's see how this plays out!
Ending Diagonal
FTSE100 Wave Count: Potential Ending Diagonal?Unlike the Nikkei and SPY, the FTSE100 is less decisively bullish. It looks as though we may be in the midst of an ending diagonal that may present a selling opportunity. For now, I am cautiously bullish but on the sidelines until further signals present themselves.
USDJPY - Bearish Crab + Ending diagonal ?Watch for price action around 115.05. It may reverse there, if so, keep in mind it may fill the crab patter, so manage your stop wisely.
Alternate setup: sell the 1h trendline.
TP1: 114.75
TP2: 114.3
TP3: 114.10
Trade responsibly.
GOLD - Loosing GroundYesterday #Gold break below the 1240 #support (#endingdiagonal) but managed to bounce back. I already expect Gold to start its major #correction for the move started 1120 but before that one last leg up is still in play (because of ending diagonal #elliotwave pattern). yesterday break of the support indicate that the fall may come quicker than we expect and #Gold may not reach the #pricetarget 1270-75 area. we may be heading for a #truncated5thwave (in ending diagonal) which could cause prices to fall from 1260-63 area to begin the #majorcorrection.
UPDATE ON USDCHF ANALYSIS - 1H CHARTHey traders,
I linked my previous analysis on USDCHF in this idea published so you see the full idea.
By now we are getting uptrend impulses so my next trade is a buy; however, if market starts making an ending diagonal pattern I will plan a sell at the breakout.
Carlos
GOLD - EXPECTING A FINAL PUSH BEFORE THE MAJOR DROPWith reference to my previous updates, GOLD has now reached around 1240.00, (support for ending diagonal). From this point Gold is expected to make its last attempt higher which could lead Gold Price towards 1270-75 area to complete the 5 wave pattern (started from the low around 1120) before starting the major correction.
GBPAUD: Potential Sell Opportunity In An Ending Diagonal Price is forming a potential Ending Diagonal giving an opportunity for a short position. The fall in price is expected to test the "lower structure line" although it can fall short of it.
Trade with care. Use a strategy you have tested and verified.
6.1.8. Family.
More Than Just Trading.
ENDING DIAGONAL IN AUDUSD - 1H CHARTHey traders,
We have a nice ending diagonal which can turn into a great short position.
I think there's still a move up inside the structure however it could break soon.
No matter what it does, trade the breakout!
Carlos
Possible Ending Diagonal in GOLD$GOLD can bounce to 1255 from current levels, risk is only if #Gold falls back below 1216.00. #FXQRESEARCH
EURNZD - Ending diagonalWave C complete?
After impulse wave 1 - always a 3 wave correction
Wave C - usually ending diagonal
Wait for break above resistance - really big potential here
Ending diagonal to retrace the bullish moveThere is a chance that AUD/CHF could significantly go down during next few weekly sessions. The reason for that is the formation of an ending diagonal in a C wave position which is much clearer to see on a daily timeframe.
The present analysis goes side by side with similar projection for some other pairs:
EUR/AUD - up
EUR/NZD - down
NZD/CHF - down
Elliott wave Bearish Outlook Bullish 121 , Swing Buy The breakout of the orange channel , It is assumed to be a small bullish correction
Sell The breakout of the blue Support
Expanding ending diagonal of wave 5 is in progress
There is still strength in the EUR!My previous count had the EUR USD making a new high to complete the 5th wave of an Ending Diagonal at 1.07750 but this hasn't been confirmed as there is still sideways movement which only points to an incomplete move so this is my recount.
Current Wave: Short wave c of wave 4 of an Ending Diagonal is currently in progress
Next Wave: Long to make a new high at the termination of wave 4 to either hit 50% or 618% retracement of the bigger wave (1) as marked.
Forecast Wave: Once the high is made, expect a sharp start to wave 3 which will be signified by a 5 wave impulsive move to the downside.
There are still pips to be made on the up side but it is prudent to wait for the completion of the wave 5 of an Ending Diagonal where the potential pip gains to the down side could exceed 1000+
Feel free to comment and share your thoughts
Happy Trading!
ENDING DIAGONAL IN AUDUSD - 4H CHARTHey guys,
Here's a perfect chance to make some pips on a short position.
5th wave extension turned into an ending diagonal.
I expect one more move up at least in the structure and then a brakeout downtrend until the support level aligned with the end of 4th wave.
Carlos
NEW IMPULSE IN EURNZD - DAILY CHARTHey folks,
Here's a move I have been analyzing since Novimber 2016. And now all the patterns indicate the start of the new impulse.
ABC correction almost done. C wave is a perfect 5 wave impulse down and the fifth wave is an ending diagonal. The main correction is even an ending diagonal; however, we are looking into the small timeframes for those.
I will support this idea with a 1H chart analysis.
Carlos
EXPANDING DIAGONAL IN GBPCHF - DAILY CHARTHi Guys,
Long time since the last post. It's christmass so I have been spending some time with my family.
Here's something I have analyzed for the last 2 weeks.
Daily Expanding Diagonal, weakness of the downtrend.
So I expect a brakeout of the structure, if it goes down to bottom trendline I will manage a trade from there and then hold it after the brakeout.
Carlos
Possible long-term scenarious for EUR/AUDThis pair is giving me some hard time in terms of its future behabiour. Despite the fact that I am pretty sure it is going to move higher at the moment I do not have a clear picture of when it is going to happen.
This is why I have two bullish scenarious. Either it makes one more down move and then takes off like a rocket or it has already taken off and you need to wait for a retracement to get in.
By the way the pattern under scrutiny is an ending diagonal.
EURUSD. Alternative count. Ending diagonalDXY shows similar structure and this forced me to challenge the triangle and more expanded flat idea.
So I decided to share this count to show alternative count.
Lets see how it goes.
Gold (XAUUSD, GC1!) Ending diagonal. Reversal is soon.This is the possible wave count for the current gold market structure.
Break above the downtrend would initiate the reversal.
MACD is already in divergence with the price.
