- Small A-B-C correction. - Then some short term upside, before big downside move. ''Press that like button, if you like my post. if you have questions shoot...I'm here to learn... Thanks..
- COULD SEE SOME SHORT TERM UPSIDE, BEFORE FURTHER DOWN TREND...
Erickson Inc set up for a swing trade. Reasons shown on the chart, but several other reasons are also the RSI is gaining strength, CCI has moved up over 0, and MACD is showing a buy signal.
ETRM looking like a solid swing trade, Reasons shown on the chart along with a second chart with other reasons linked to this idea.
Identical pattern of the WXY correction last week. Only smaller this time. Obviously the resulting impulse too will be shorter than the last weeks.
looking for the buying zone in the pic above. this set up will invalid if price fall below the low of wave c in triangle
EURUSD will correct as a flat pattern wait for one more wave up, then we will sell
FX:USOIL Might have finished its wave 4 of C correction for a final leg up above 51.50$ The above is more likely due to the daily Doji so expecting a turn to the upside next week The up leg might even extend to 60$ level. whereby at these levels FX:USOIL i expect that the Major ABC correction would finish and the continuation downwards to sub 25$ level
Reliance Infra - as per wave analysis chart looks like Long term Downside. On medium term we get some corrective upside. On next 7 to 8 trading we can expect price could reach 440 region.
Long term outlook. Now wave 5 starts of (c). Short target around 1.00159 and then long towards 1.23043.
NZDUSD ready to retrace the correction starting late 2015 with the zigzag abc's My DXY (dollar index) wave count seems to have more upside to it as well all in all a good elliott wave trade, trade safe and read short time period price action
Since it is in the completion of the C wave of a corrective move, EURAUD could turn upside anytime from now.I'll be looking to catch the next impulse up until -0.27 area.This may be a 3 wave correction or it could be a 5 wave structure so If you choose to enter now, It would be good to move stop loss to breakeven when it reaches the trendline and wait if it will...