I think the market is bound to bounce a little as buyers try to get in for a reversal + oversold conditions. Weak fundamentals + strong resistance will probably shutdown the bull run, and send oil down for the 5th wave to the next level. We'll see how this one plays out and if there any surprises along the way
USDJPY BULLISH. Possible Wave 3 Target Zone
GBPJPY Possible Trend Continunation Pattern
- Wave 1 finished - - Wave 2 in the making - ''correction'' - Looks like- A wave pullback in a bigger ABC correction - Possible short term '' sell'' down to fib level. - Then turn to complete the B wave
Long until DMI shows slowdown of trend, reasons for uptrend shown on chart.
Resistance at $10.38 broken and turned into support, long until DMI shows end of trend.
Resistance from April and May has been broken and a stong uptrend has begun. Reasons stated on the chart along with another chart linked to this showing an inverted head and shoulders.
Resistance has been broken and a strong uptrend is occuring. Watching the DMI to see when the trend slows down, long until then.
A very stong resistance has been broken and the ADX/DMI is indicating a very stong uptrend has started.
If you must trade the cable next week, look for buy opportunities. I say if you must because, the ATR is in the rise and 14 day period ATR of the H4 stands at 200 pips. So be protective and expect big moves back and forth. If you can get this trade, it will easily cover 300 to 500 pips. See my detailed explanation, analysis and forecast
This is just a template of indies - all the legenadary Vdubus - to get a handle on trading rejection spikes. What the indies don't show are spikes that tried to live but failed so if you back test little reversals you'll get very good %: it isn't like this live . As always, you'd need to work with Price Action primarily but these indies can be very useful when...
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)...
This is just a very brave idea for long time. I'll be glad to listen yours opinions)
Just a combination of indies. The faster moving StochRSI can be used a trigger signal for Wave Trend confirmation of Price Action. Interesting to play with settings on different time frames - as always, whatever works for you. Can probably be helpful for binaries from 1M upwards.