We are in an ABC correction of large wave 4 of ((C)). If small C=A in wave 4 then we can reach around 109.40 as shown in the first arrow up. But C can be larger than A and could hit the maximum of the previous lower degree wave 4 at 111.40. After that we could witness another drop down in wave 5. Invalidation below 99.50
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
EURUSD: Tonight Interest Rate and Bear Wolfe Wave.
Hi guys , we should watch to buy the breakup , after a 3 wave correction , expecting price to reach the up channel's line.
I have identified a possible ABCD setup here on NZDCAD. I couldn't get A-C to the perfect .618 but .619 won't effect the setup at all since the bottom is 1.272 like it's supposed to be. Short til D then I go long with a stop loss of -15 pips and a TP of 60 pips for a 1:4 Risk/Reward trade
after a retracment we can buy oil it is the start of wave 3
The smallest degree shown here appears to be finishing a fairly clear double zigzag. On the 60m chart you can see a confirmed terminal wave 5 of c which likely puts us at the end of the larger pattern as well, though, the small possibility of this forming into a triple zigzag can't be fully ruled out, it is also very unlikely. With that in mind this double...
Based on current analysis AUD/USD is expected to drop. Consider a short over the next two to three weeks.
Oil is possibly ending a B wave inside a higher degree C wave and the gartley allows me to get short inside the blue area. Wait for a bearish trigger/pattern before entry. A break above the last swing high (51.80) will invalidate the trade.
Pretty Simple, seems to be in a ABC correction after a series of Impulse waves! Waiting for the "big short" :) move down. Thanks for checking out my idea! If you wait for a good sell setup you can catch a pretty darn good R/R ratio!