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Ending Diagonal

USDJPY Bearish Reversal UnderwayHI traders, USDJPY has been making series of overlapping three-wave pattern. This pattern can be easily labeled in Elliott Wave as an ending diagonal. Ending diagonal usually forms at the end of a trend and leads to an explosive reversal. If this count is correct, we should expect more weakness in USDJPY in the weeks ahead. Target below the origin of the diagonal, wave 4 low, is plausible in the weeks ahead. What's your view on USDJPY? Let me know in the comment.
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by Veejahbee
Elliott Wave Analysis: XRPBTC May Retest 2017 LowsHello Crypto traders! Today we will talk about XRPBTC cryptocurrency cross pair as we see an interesting development. Well, XRPBTC is down since the beginning of 2018 and we see it trading in third leg C, but wave C is a motive wave and it has to completed with five waves, ideally as part of an ending diagonal (wedge) pattern, which can retest 2017 lows before we will see a bullish reversal. Something similar has already happened between 2015 and 2017 and if we consider that BTC.Dominance is trading at the lows and strong support, then we would not be surprised if XRPBTC remains in the downtrend for some time. Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
5
EURUSD, correction goes on !!Hi every body. My previous analysis about EURUSD had some flaws so i made it right. So far a Flat pattern has completed, wave C retraced more than 161% wave B so its a Elongated Flat. Then a ABC pattern couldn't break the flat's channel therefore it wasn't an impulse and that count as a X wave. Elongated flats are also common in triangles but i don't think that's going to happen. After this X wave we have another correction and it might be a double Flat or Zigzag or even a triangle and i will update as soon as i found out what it is; but before that comment what correction pattern do you think we'll have ?? For sure it will fall more. You can open a short term sell position and put your ST above the X wave and TP will be near at the bottom of the channel. Everything else is very clear in the chart. Give it thumbs up if like this analysis and feel free to ask me question.
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by michael-yazdi
1