Dollar is bullish when compared to Turkish Lira but we see move out from a triangle in wave (iv) as shown on the 2h chart, which means that uptrend can be in final stages to complete wave 5-circle on a daily chart. Ideally near 2.8800-2.9000. So for the short-term traders there can be still some room for longs after coming black subwave iv. www.ew-forecast.com
This is a follow up of the last elliott wave analysis published 8 months ago www.tradingview.com The basic change is in the extended 5th. The diagonal as we expected did not work due keep the original wave count as originally stated is impossible due now will see the 3rd wave as the shortest. This can't be even in diagonals. So the best way to update it is by...
Risky to buy LIC Housing Finance at this time. Fibonacci clusters of resistance are appearing at the tip of the price travel. We need to watch the levels of 506/508 carefully before buying this stock. If it fails at any of these levels, we can expect a C wave to 380 levels.
At the last market bottoms was 10% bulls. Strong turn bay signal.
I JUST COUNT THIS SEQUENCE OF WAVES. AS YOU CAN SEE I STARTED WITH A 5 WAVE PATTERN AND FINISHED WITH A WXYXZ PATTERN. THE WXYXZ PATTERN HAS MADE A BULLISH CHANNEL. ALSO IF YOU SEE CLOSE THE CANDLE OF THE Z POINT, THE CANDLE HAS A WICK AND CLOSE BELOW THE 61%. THE CANDLES THAT FOLLOW THIS ONE CANT BREAK THE 61FIB AND THEY ARE JUST AT AN IMPORTANT AREA. SO, BY...
Bear Wolf near SR level. SR level only can be seen in Weekly TF
Bearish Wolfe Wave formed near SR level.
Bearish Wolfe Wave formed near SR level and supply area
Wolfe Wave forming near strong SR level and Demand area. Only go for long position when after price break out 1-3 line and reenter 1-3 line.
Wait for the price to break the 1-3 line and reached the 127.2% or 161.8% Fib level and reenter 1-3 line before taking a short position.
Bearish Wolfe Wave formed near SR level and Supply area. Price also has reached 127% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move
Hi All, This idea is based on YuzukiChan's idea (thank you vey much!). Agree with Elliot waves structure - we had 5 waves impulse, then we had abc correction, now we starter impulse and withing this we had smaller correction impulse. Targets are 1st - little below last top (this is also 127.1% of fibo extenstion from small correction move) (RR - ca 7.5 2nd...
A 5 wave formation has finished, I suspect an ABC pull back to somewhere around the 38.2% fib retracement. Risking only .67 on the trade, with a 2.84 target or 14.01%.
Bullish Wolfe Wave formed near Demand area. A good Wolfe Wave should react at 127% or 162% Fib level . Only go for a long position when the price has broken the 1-3 trend line and showing reversal move.
Bearish Wolfe Wave formed near SR level and Supply area. Price also has reached coming up to 161.8% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move