EOS; Bullish Ascending Triangle; $12 Here We Go!EOS just is currently forming an extremely bullish ascending triangle. If the pattern completes, EOS could reach prices of $12 or more! According to the Elliott Wave count, EOS just completed wave 4 and is about to start another impulse wave up. Wave 4 was a 3-3-5 running flat ABC correction, and wave 3 happened to form a downward parallel channel (a.k.a bull flag when formed during a uptrend), which could indicate a bullish breakout soon.
Runningflat
$EUR vs $AUD 4H Chart.Identifying Patterns | #aud #eur #aussieTraders,
EURAUD is in correction since 01.06.2017, and this is an attempt to identify the patterns in order to understand the bigger corrective structure of the 4th (4 circle) corrective wave.
We need some more info which would make the analysis more accurate but taking some standards into account, we can build a trading plan.
Looking inside at the potential flat pattern which still, we don't know the nature of it, as it could be a regular, expanding or running.
1 - Wave-A has been developed into a Zig-Zag pattern (A)-(B)-(C), with a more complex internal (B) corrective wave structure developing a Double-Zig-Zag Pattern, ending at 1.44176
2 - Wave-B is probably developing a bigger Double Zig-Zag Pattern. The first target of the wave is the previous swing high ( the origin of the wave A) at 1.52268. If price reaches the target without breaking it the scenario with the Regular Flat Pattern is in play. On the other hand, if price breaks the target then, the Running or the Expanding Flat Patterns are in play.
3 - Wave-C, the last wave to complete the Flat Pattern, should probably be a motive wave, developing 5-wave sequence.
Trade with discipline
Best
Running Flat in USDCADRunning Flat en USDCAD diario. Espero entrada en corto en el nuevo impulso cuando se forme otra bandera. Buscaré el primer Take profit en el bajo de la bandera, y el segundo profit en el -0,27 de Fibonacci.
-----
Running Flat on USDCAD daily. I'm waiting for short entry into the new impulse when another flat is formed. I'll look for the first take profit in lower's flat, and the second profit in -0,27 Fibonacci.
WTIUSD/USOIL/CL1!/ SmallElliott wave 5 Expanded flat HAMONIC Cypher PATTERN Bearish
Motive wave
Small Elliott wave 5
Corrective wave
Expanded flat
1.272%
161.8%
1. expanded flat => running flat => ending Diagonal
2. expanded flat => running flat => Head and Shoulders
3. expanded flat => Head and Shoulders
USOIL CL1! CL2! CLK2017 WTIUSD