If you do not know how wave theory works this example probably becomes a route for you to start learning a bit more about structural trading. Bitcoin is at the point where it is going to turn around and make a bigger correction. On the 4 hour chart, it made a small impulse down which could give you an earlier selling opportunity. All charts work with impulses and...
After making a downside impulse the pair is correcting. First, we are going to look for one more move up to finish the last leg of the correction. After the pair goes beyond 1.3350 we will look for trades down as per our strategy. Generally we anticipate a huge move down that might test 1.25 area. Possibly it could happen this year.
The pair is correcting itself after a bullish move. So far this correction gives me a strong believe there will be one more impulse to finish the structure. Look for a small impulse up (probably one hour impulse), then correction and buy.
Sell if it breaks a corrective pattern.
Earlier Fractology published its bullish view on USDCAD. We were wrong to expect an upside move that soon. As of now, Fractology does not change its bullish analysis and we keep on looking for buying opportunities. On the chart above there is a chance of forming an expanding ending diagonal which has no other choice but to resolve up. Secondly, any chart rejects...
The pair might soon experience an abrupt change to the downside. Firstly the whole move tho the upside did not have much of a correction which would be commensurable in time and price. Secondly, the pair is potentially positioned in wave B. This causes us to think that there will be a C wave down. Thirdly, GBPJPY is forming a pattern which Fractology identifies...
Since our last analysis on USDCAD ( ) we have been selling this pair for a couple of weeks. However, it is high time for the whole move down to be corrected up. The pair is heavily oversold and any new low might be the last. It is reasonable to look for buying opportunities under these circumstances. Therefore whenever the price breaks the trendline and...
The pair is forming a termination pattern which could mean a major correction of a downtrend or a complete reversal. The downtrend becomes exhausted and the price is less volatile. Therefore price behaviour is featured by small up and down moves, which finally resolve up. However, it is reasonable to wait for a breakout from the current pattern and a small...
The chances are very high the pair will come down in the nex few sessions. The impulse-correction relationship is very obvious on the chart. This brings us to a conclusion that there is going to be at least one more down move back to the trendline. However trading this pair might require experience and skills. This night the RBNZ (the Bank of New Zealand) decides...
CADCHF is completing a pattern which brings us to a conclusion that the pair will come down. There is a chance the pair will make one more high before turning the direction. The outcomes of the move might be significant. It might come down as low as of early June 2017. Otherwise, the pair will make three legs of correction and go up for another...
Some crosses might correct a bit while majors move (like this one - www.fractology.biz ) Buy if price breaks the trendline and correct a bit
Some crosses might correct a bit while majors move (like this one - www.fractology.biz ) Sell if price breaks down the trendline and correct a bit
Following our post on USDJPY long-term analysis - www.fractology.biz Fractology would like to deliver another piece of forecast with very high chances of occurring. Our first-in-series analysis has its aim to describe the first impulse in the structure. At the moment price shows signs that it might start the second impulse and complete the structure. As...
NZDUSD has probably reached the top where a correction or a reversal is highly probable. Therefore it would be reasonable to wait for pattern breakout, a small correction and comparatively big down move. One more high is possible in the current setup.
Weeks ago We published our bullish view on EURGBP. (Check the link - www.fractology.biz ) Since then the pair has risen up more than 5 percent. It was a spectacular chance to increase your trading account. At the moment We have revised the analysis and expect a complete reversal. This should become possible within an enormous daily zigzag move which represented...
Fractology would like to advise a short-term selling opportunity for two pairs which are forming similar setups. These are EUR/JPY and CHF/JPY. The charts on both pairs are in a corrective phase which is not finished. Therefore it would be beneficial to sell the breakout of the current small corrective flag. If that happens tt would practically mean the...
The chances are very high US DOLLAR INDEX surges up soon. There might be several reasons for that: 1. Price is oversold. It came down fast without any correction. 2. On an hourly chart, the price is forming a pattern which usually features a correction or a complete reversal. 3. Our analysis of major US dollar peers indicates they are losing their ground and...
EURUSD has been under a lot of buying pressure for the last two weeks. Fortunately, markets do not move in straight lines. Markets give us a chance to enter short positions when a price is heavily overbought. I assume such overbought conditions are clearly visible on EURUSD chart. In terms of wave theory, it is highly likely the price will go down if it violates...