Looks like the Pound could break through soon. I have put up some pending orders
My attempt to find the next trend.. We are certainly about to complete an expanded flat (3-3-5) Elliot correction wave. Not sure what could be next but this model syncs time cycles with the shape of a combination wave. If the shape follows through with either a type of triangle wave or a zig zag wave then we should have a better idea where we're going after that.
EURUSD rejected last week the 1.20 psychological level. Today we can see a breakout of a 1H-4H trend. So, a bearish movement till the prime trend is expected. Then, two possible scenarios could happen. Scenario 1: Correction till the prime trend. Breakout of the correction and bullish rebound. Scenario 2: Breakout of the prime trend and bearish movement till...
This is one probable Elliott Wave Count. We are heading into the biggest crash of all time, let me tell you bout that.
EURUSD will go a bit up to complete wave 5. Then correct to 1.15 as an optimistic scenario.
As you can see from my study, wave C has just begun. You can see my analysis about forecasting tops and bottoms relating to Fibonacci retracements. I am short now. Enjoy!
Bund is trading quite slow, choppy and overlapping since September of last year which gives us an idea that a bigger Elliott Wave triangle correction within wave 4 consolidation is in the making. If that is the case, then more slow price action may follow on Bund and ideally afterwards make a new recovery into black wave 5 as part of a higher degree Elliott...
in this chart , looking forward to a reversal in the crude oil market . with potential target up to 48.50
Trade Alert Instant Execution GBPUSD Buy now 1.2890 SL 1.27500 Tp1 @1.2950 Tp2@1.3000 {50 pips target } Add 50 pips again and set Tp3 Final TP 1.32500 { Long term target } Analysis : Break of the previous low after a positioned gap on a uptrend{ Bullish Market}
Since the drop in price from the high of 110.95 on 16th August to the recent low at 108.60 on 18th August, price hasn't been progressing much. Price seems to be developing a corrective structure. As such, we are expecting a minimum 3 wave structure to complete the corrective move before another potential impulse move to the downside. We are still expecting one...
Sell stop set below structural support with TP1 @ 1:1. Trade is cancelled if invalidation level is breached. TP at ~.886 retrace.
Quick update on my last MCO chart MCO continues to look bullish as it enters the final wave of a 5 wave elliot set Strong stochRSI on the 6hr 12hr just crossed and growing pushed thru the 6hr cloud Has already Tagged and passed 0.3618 Fibo extention point on previous wave so i expect it to continue on to the 0.4286 Extension point and if it gets super bullish...
Hello traders! This pair retested previous High and at this moment is forming a rising wedge pattern. We may get a short opportunity if we see a strong down impuls. Watch the price action. DO NOT JUMP INTO THE TRADE!
Hi guys look for buy the clear and confirm breakout
HI Guys there is beautiful possible reversal is coming watch it to break last H1 Low and Sell Below The Low . Trade At Your Own Risk Use Some Money Management And Trade With Care :)