Wave-5
📚 The Perfect Impulse - Correction - Impulse 📚NZDUSD has recently given us the perfect impulse, correct, impulse move, which is probably our favourite pattern to trade.
The market moves in waves. There's an impulse wave, followed by a brief period of consolidation/correction where buyers and sellers accumulate their orders. This is often followed by another impulse wave in the same initial direction as the first impulse.
The great thing about these patterns is that we can have a clear stop placement, which is above the correction. If you have a closer look at this chart, you will be able to notice various impulse waves followed by corrections.
Do your best to find them in your trading!
USDCAD: Can S become R, you decide !USDCAD is into bearish movements and now it's retesting the resistance zone that was once acting like a support. Moreover, this one is preparing for its fifth and final wave so a short position might be entered here. Trade Safe
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MacroForex
Nasdaq anticipation wolf wave - elliot wave - ascending wedgeI've been anticipating nasdaq moves ignoring the news since quite a while and it work way better that way.
and i figure out 3 scenari. the upside one (which is the less pssobile to me, but still a possibility)
If nasdaq respect my anticipation, (which is working since the last bottom) it would confirm a bigger drop later , currently forming and ascending wedge, and if Nasdaq goes to a range to 13400/13600, that would be a perfect bearish wolf wave. confirming previous anticipation drop.
Then where would be 2 scenarii, 1 is the rebound from the 1D SMA200, the 2nd one would be the confirmation of the 5th legs of Eliot's wave and 50% fibo on weekly, so 10780.
time will tell, im into the 2nd scenario.
HRTUSDT AnalysisThe price has managed to break the uptrend line!
But it still does not have enough power. In the next day or two, everything will be clear.
If the price rises, it can move up to the specified range, which is an excuse that has already been tested for this market.
Although this number and level is not very strong
But if the price bounces back and breaks the trend line again, an incomplete Wolfe pattern is formed that can go all the way to the end of the red arrow.
If the price falls from the linear trend that connects points one and four, it can be a good place to buy.
What Are You Doing Ripple? BUY XRPUSDOkay we know its just a matter of time before ripple takes off, so the longer it stays in this consolidation zone the bigger the impending move will be so if you still have your ripple position, just be patient and wait a little longer. At the moment, structure tells us that we might get a slight dip back into the previous structure before can see another attempt at a potential bullish impulse and if we can break out of the consolidation then it might turn out to be the move we've all been waiting for.