Extension
AMD looking at correction? Weekly wave count from 2015-presenWhat do you think...time to sell, or buy into the hype?
Possible Wave 3 to follow completion of Wave 2 (ZigZag)Wave 2 looks to have completed in 3 waves between the 0.5 and 0.618 fib retracement levels of wave 1. A wave 3 is likely to follow soon. This wave 2 could also still develop into a more complex pattern such as a flat, if the move up develops in 3 waves to the wave i extreme protect yourself by moving your stop to break even as soon as the impulse is invalidated.
GBPUSD retracement then extensiongood day everyone
one of the basic techniques to master
trend pullback and extension
as per the example showing using the febs
enjoy i hope it helps
EURUSD Short IdeaPrice Playing around 1.618 extension, wait until price breaks RSI main trend. Bearish divergence has occurred.
Possible Wave 3 to follow completion of Wave 2 (Expanded Flat)Note: I should have extended the minimum target level down to the 1.618 fib extension of wave 1.
Wave E of a Triangle in Wave 4 has completed and Wave 5 is likely to follow. Wave 2 has completed as an Expanded Flat just after the .786 fib retracement of Wave 1. Wave 3 is likely to follow this Wave 2 Expanded Flat. Pending order has been set on the break of Wave 4 of C in the Expanded Flat.
AUDJPY strong supportprice facing strong support double ABCD, 1.618 ext and daily trendline.
will look for buy setup on small tf
Bat Pattern almost triggeredHi All,
I am watching this pattern for some while. I do not like the fact the price retraced almost 38,2% already before triggering an entry => some short term buying potential is already gone.
In addition, I will pay attention to the 1,272 & the 1,618 extensions of the latest swing as potential alternative entries, instead of entering aggressively.
I see price action as building and releasing buying and selling pressure. Would be interesting to know if anyone else has the same view on price action :) Happy for any comment.
Gold Modest MoveLooking at recent high-to-low and extending using simple 1.272 and 1.618 Fibonacci extensions. Common trade plan we see successful traders such as Fib Queen utilize.
First Target $1282
Stop Set 1244
Time May 3
Second Target $1306
Stop Set 1276
Time May 11
EURUSD 112 pips breakout opportunity to buyhello every one
on the radar now a breakout opportunity to buy on EURUSD
once the breakout moves out of the triangle pattern
we got a confirmation to buy for a 127 extension
good luck
EURUSD break out for 149 pips since the break down went down now for a low
we got the same opportunity to go for a short now
as per the showing targets
CRK: Why the bottom is cominglooking for a bottom between 6.48 and 7.31 around 3/16. look to fib extension for further evidence!
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0,618 fibo could be enough to stop bearish movement?-CADJPYPrice has broken bullish channel. waiting a falling till 0,618 extension of second eliott impulse to go long searching fifth impulse.
aud cad extension into higher highsas we are upon an uptrend it be best to trade with the trend and after hitting the 0.236 retracement we found support giving us a good clue that price is going to continue to rally
EURJPY found its top @123?EURJPY battling to break the 127% extension. looking for trendline break to open up a potential retracement to 118.50. Will drop down to 60 min chart to look for short opportunities if we see a trendline break.
US30 Bearish Deep CrabAlmost perfect Bearish Deep Crab waiting to complete. (D) leg is also AB=CD 1.27 extension and on major YEARLY resistance. Price is nicely following channel and bouncing from extensions.
BEARISH BAT ON GBPCADBearish BAT on GBPCAD.
PRZ is at 0.886 Retracement of XA and AB=CD 1.414 Extension.
AUDUSD: Selling at Supply Level near 12% Fib ExtensionAUDUSD: Selling at Supply Level near 12% Fib Extension. Expecting price to bounce at find support at black level near fresh demand level but will broke the support after finding retracement.
GOLDEN OPPORTUNITY for shortin on XAUUSDhello traders
just few hours ago the gold broke the resistance level making a new lower low and pulled back
a great opportunity to short on the 127 extension
the levels as per the showing levels
happy pips hunting
SHORT GOLD (xau/usd)We are in a quite important time for gold at the moment, My view on the commodity is bearish longterm down to potentially 840.00. That said Gold is currently showing another short term selling opportunity opportunity. After breaking 1200 last week (which I called in a previous previous gold post) we are currently retracing slightly back up to that level once more. This also lines up with the 61.8 of the previous downward move and the top of the current downward channel. with these confluences in mind i will be looking at price action around this level for multiple rejections or reversal signs. should we get a valid rejection signal targets will be down at 1160.00 and beyond to 1140.00
EURUSD short as 127 extensionafter checking for the cypher pattern was invalid
will take this extension trade as per the targets showing
the pattern was invalid as only the wig touched the 127 extension
closed the trade now still profitable however
started a selling position as per the chart showing
happy pips hunting everyone
