Hi Ellioticians, silver is trading choppy and corrective for the last year and a half. We see a possible completed complex correction in II, down from 29.87 high, which means more upside can be expected for silver in the long run. At the moment we are observing an idea of an Elliott wave leading diagonal in blue wave 1 of III, which is a wedge and still needs two...
minor wave 5 unfolding -motive ending diagonal triangle - 5 waves zigzag zigzag minute ((i)) ended zigzag minute ((ii)) unfolding ALT: minor wave 5 unfolding - motive impulsive - minute ((iii)) still running to/through 76.99 critical price area previus daily close 73.24 PP 73.60 DW
S&P500 has entered a new bullish cycle and is now in the 1st motive wave. After reaching the resistance price can retrace back into its 2nd corrective wave and possibly reach back the previous support before heading into new highs with the 3rd wave. This is the most likely scenario that can have place. Get ready for the upcoming week so you DON'T miss the Long...
SUSHIUSDT - It is in strong uptrend and seems completed 3rd wave up almost 4 times of wave 1. Now expecting correction down as wave 4, which should be either complex or triangle. Stay bullish near 1.209-1.135 zone for 5th wave up for new high above 1.50. Give thumbs up if you really like the trade idea.
Good morning traders, one quick update on the CADJPY pair.. We see the Canadian dollar against the yen in a strong bullish activity, so despite current weakness even more upside may be seen above the 82.44 high, as we are regarding current drop as a correction. It can be wave iv, with possible support/bullish turn around the 81.7/81.6 region. Trade well, The...
A clear corrective wave has made and then a new 5 type wave is constructing, now the price is on wave 3 and wave 4 ( a corrective pullback) is near. it is very possible to retest the monthly resistance line (the maroon line)
We discussed this play during the live stream, and it was clear there was a lot of potential here. We were moving along perfectly with wave 3 when we suddenly got a jolt that propelled us far ahead of what was expected. The fundamental injection came from the news that Coinbase was considering, 0x, ZRXBTC for listing on their platform. I had adjusted my bullish...
As I progress thru learning EW principle I like to revisit ideas and add some additional commentary on what MAYbe happening! Happy new year! Thanks for the continued support! :D
Hi Traders! This is my analysis on IBEX35. I think we are already going up for a new cycle, actually we are going for the third wave in it! I studied the possibility of a longer correction but the shape of the chart does not match with any of the most important complex patterns for corrective moves, so I got to this conclusion. We are looking now on smaller...
Hi Guys, Here we have a perfect Elliott Motive Wave in which we founf a Fifth Wave Extension, considered as an Ending Diagonal. The extension is broken and has formed a flag, so time to sell!! Carlos
Today we have NFP, What are you thoughts and will you be trading? If USDCHF were to give us a small correction. Most likely we will put an entry order just below the correction with a small risk.
It may not seem much. But here is the forecast till the end of 2017.
Two reasons to consider the USDCAD in downtrend. 1. This is last wave (Elliot Wave 5) of Basic Motive Phase. 2. Then here begin a first wave (Elliot Wave A) of Corrective Phase. 3. This is second wave (Elliot Wave B) of Corrective Phase. Note: This wave have inside two Elliot Wave. a) Bull Market Truncation (Red Color and Completed) b)...
AUDUSD has turned lower at the start of the week, but only temporary into a sharp wave (iv) that now appears completed, so uptrend may continue into wave (v) towards 0.7460-0.7500 area. In that zone pair may slow down as five wave recovery from 0.6935 will then be in final stages so we will be looking for a minimum three wave set-back. Link to our previous...
AUDUSD is trading higher with a sharp impulsive manner that already took out 0.7280 swing high. It suggests that leg from 0.6936 is impulsive so we need five waves up. For now that's not the case yet so uptrend will continue after three wave set-back in blue wave (iv) that can find a support around 0.7240-0.7280 this week. www.ew-forecast.com
On the Daily chart of GBPCAD, price made a three waves retracement to the downside, after price made a top at 2.0972. That said price may continue higher after, red wave (c) is completed at around 1.970 - 1.978 area. Our previous updates on this Pair :