We see elliot wave abcde correction forming a descending wedge
Ucad has been going up, but it is still in a corrective wave. There is a strong fib level upon it breaking the trend line. The fact that it is breaking the high just makes me think the sell may possibly be larger than first anticipated. If it makes a correction and gives a flag for a buy, it may be worth taking it to that level if you were to get a proper setup,...
FX:USDJPY looking for the C wave of a potential flat pattern in the middle there
Price has been in a correction since the start of June this month, and we are seeing a potential completion of the correction around 66.79 - 67.27 area. We are holding a bearish bias on oil and will be targeting around the 64.05 and 62.35 area. *Disclaimer - This analysis alone DOES NOT warrant a sell trade immediately. Before you enter any trade in the...
my "lucky" idea has just become very near to true trend line. let's see what is happens next. will ethereum follow our's "ghost of future" correction wave? p.s.: this is not a trade investment recommendation.
On a lower degree, I posted earlier that we're most likely heading up into a third wave. This was, however, on a lower degree. I also wanted to take a look at the bigger picture since the hardfork of BCH. I believe we have finished the second wave and have started into the third wave on Cycle-degree. That would mean we're presently in wave 3 of a wave 3, so I am...
Hello trader long time no see. I’m back right now. Take a look to the DAX chart. I think the market will unfold as a triangle of the 4-wave of larger degree and when finish, DAX will go to the 15000 territory. But before that, we will going to sell the index for target around 12300-12500. Good luck.
Bitcoin has potentially painted a Bullish Shark formation. Chart is simple with just the Ichimoku Cloud which tells the entire story as it is, plus the Relative Strength Index (RSI) Quite an attractive target as well. After achieveing this target we will look to sell short down to lower levels to continue the carnage. I expect this to happen in three impulse...
So, Umex appears to be in a corrective structure considering its pattern. I am just pointing out that as I type this, it is rejecting equal length at the .618 fib level as it has broken out of pitchfork. It does have the possibility of extending to that 1.236 level considering this wave's trend line (which is questionable in my opinion) and still being within the...
Hi Everyone, Currently we're looking at Australian Dollar gaining momentum as US Dollar slipping of and it's a right time to take an opportunity in this Long term Bearish Trend as price action indicates Overbought Based on - Dynamic Resistance - Price Oversold (H4) - 200DAY WMA acting as a resistance on Daily Chart - Trend Line (Resistance barrier) tested...
We are approaching a critical moment of which I have been waiting for approximately 6 months. The capitulating fall which forces us to crash down to the previous break out points that will allow us to now reset the downtrend and break out of the critical resistances that are above us and continue our journey back to the high's. If anyone follows my charting,...
On Wednesday our pair reflected from the level of 1.1540 and headed up. The dollar index has also been corrected and fell below the 94.00 level. At the moment, considering our chart, we assume that the pair found a resistance level near the mark of 1.1690 and will soon go down. If we look at the daily chart, we are still observing a downtrend. And on the theory...
Hi Everyone, In our previous analysis on EURUSD we found the bottom and entered in a Long Trade which is currently running with (+99 PIPS) of Profit, This analysis is an updated for those who missed out on EURUSD Before, The trend has changed US Dollar is also seems to bearish now and hence it's your chance to get in a long position on EURO Dollar, Overbought on...
Hi Everyone, for today's Intraday trade we'll be shorting BITCOIN at $7450 please wait for the price of render at INTRA R1 in order to validate this pattern for more updates gives this analysis a Thumbs up!
Hi Everyone, as per our Harmonics they are working really great in Cryptos as well and currently LTCUSD is giving us three major reason to go long may be for short term only as our targets are small (Just to speculate enough) Now, we got - Harmonic Pattern - Bullish Gartley Identified on Daily Chart - Dyanamic Support at 98.84 - Fibonacci Extension 0.786 on...