Traders, the previous chart I showed was the breakout of the bear flag in the SP500 index. It gave us a target at the first major support area of 3230 points. Spot on, to say the least. After that I warned for new resistance around 3320 and that's where we ended up on today's trading session. So far it seems that the wave 4 correction has been completed and we're...
I believe we are in a bullish cycle, Intraday, butnear the top. The chart is the Renko Overlay, which I modify using heankin ashi candles It's Mortdiggiddy's Renko Overlay with heinkn Ashi candles which show trend. For Ellitition's we are in wave E in an ABCDE which if it continues could run a little longer before reversing. When we thi the high tommorow...
Although the British FTSE100 looks terrible, the bulls are doing a good job to pump up the prices for another -+10%. Fibonacci retracement gives us a minimum C wave of 6520 points and a maximum C wave of almost 7000 points. Because the index is still trapped in a smaller bear channel this tells us we need to stay slightly cautious though. Naturally, breaking the...
Thanks to the bears during the Friday trading session the index ended below support and broke down out of a bear flag. The same move happened with the NASDAQ. The first major support area for the S&P500 now lies around 3230 points. In this wave count the index can not break that support or else wave 4 would enter the wave 1 zone. If the wave count is incorrect,...
Welcome Traders >> We Have Here Opportunity And Direction For $BTCUSD ! Tools Details On Chart ! ♦ We Have Wolfe Wave Pattern And Waiting For It 📚 Vision 📚 🔷 We Have 2 Ways 🔷 1- Buy Now >> To 5 Point Area 2- Waiting Sell » When The Price Arrive To 5 Point Wolfe Wave !! Please Take care Trading Is Very Risk Don,t Risk On Any Position
This is my final count for BTC ! I pulled all b waves to .618 and next leg to the 1-1 Fibonacci! This won't account for any c wave extensions!
coming to the end of a triangle, looks like it formed a double bottom pattern.
After March-Sep.1 Rally I'm looking at potential WXY Correction w/ AB=CD chart pattern. 100% extension of "W" wave: $1.1659 AB=CD 1.618 extension: $1.16639 23.6% Fib. Retracement(March-Sep. Swing): $1.1686 OANDA:EURUSD Extented "Y" Wave Targets 123.6% : $1.1598 138.2% : $1.1561
Bullish wolfe wave on 15 min chart and also 61.8 retrace on daily chart. Two bullish pattern confirms a rally...
Possible bullish Wolfe Pattern is evolving in the daily chart of NYSE:GE Entry: $6.10 Target: $7.60 SL: $5.88
The AEX index has been in the grip of a slow consolidation movement. Currently, price has been moving back towards the upper region and in combination with RSI divergence it seems the index is ready to break out. If so, that would mark the end of a wave 4 correction so that we can focus on the last move upwards which would end somewhere around 630 points. For now...
Im looking for a last leg up towards the February top near 30.000 before I expect a larger correction. Perhaps the 5 wave correction is already finished but I see a bit more room down (circa 300 points). Next week the bulls should show their faces or else its to the graveyard with this one. For the longer term its important to quickly conquer that February top...
We are nearly at the end of a large wave. The fifth wave is often the slowest one, as it is this time. You can see price movement has difficulty getting towards that previous top. The question is, will bulls be able to push that price above the February top or not? That's a very important factor for the coming months/years as it will tell us how strong the next...
As you can see on the chart, both EngineeringRobo and I are both bearish about WAVE at the moment. If you're holding WAVE, you should be selling right away with the descending triangle shape emerging in the chart. If you're looking to buy, you can buy at the support level (1.033) or wait for EngineeringRobo buy signals. What ever level you choose to buy or...
The Chart speaks for it self a potential Elliot wave formation coming up. this chart will have lots of corrections but it should be within the limit of this Analysis in my view ***chart analysis posts doesn't mean it's guaranteed but it could be used as reference and educational so please trade with care*** if you are happy click like and share :)
TVC:UKOIL is heading to the $100 zone in the coming few years (2-5 yrs.) according to this bullish Wolfe Wave structure.