GU looking closer to the internal structure! Update for the daily chart I posted. Maybe we will get the sell setup next week! Hmmm? Bias is short but staying out until I get my signal!
Wxyxz
EURUSD. Possible wave count. Triple Three (w-x-y-x-z).Hello there, I think corrective move is still unfolding in the last wave Z down.
Both downside in wave Z and upside in wave 5 are worth traders attention.
AUDNZD W X Y X Z Corrective pattern, Look for correction & sell Hi Guys, I had posted audnzd before but it broke out of structure and made impulse down, I looked again at structure and found it's all bigger B wave in form of wxyxz structure, so i'm not looking potential buy instead i'm looking for correction of this impulse and it will come so sell breakout of that correction to bottom. You can look for short term buy in form of correction structure but wait for impulse up and correction. So good luck i will post as i track this down.
Possible Elliot Triple Combo formation occurance on USD/DKKAs you can see in the 1 hr timeframe, you'll see a downward trend emerging in a WXYXZ pattern with the Z hopefully play part in the formation.
Also drawn on the chart was a green support zone which indicates the market moving to the uptrend as the previous candles are touching this support line approximately 4-5 times.
This gives me enough indication that the market will hit to the upward and rally on until it hits the Z formation of the pattern and begins to downtrend to continue on the pattern merged previously.
SL and Take Profits are all listed.
Elliott Wave OutlookThere is a weekly corrective WXYXZ Pattern forming , and currently , the final wave Z is in progress .
Wave Z internal structure is A,B,C : i.e. 5,3,5
The current bullish impulse wave moving in within the green up channel is wave A
The breakdown of that green channel could be a sign for a down correction of wave B which can be any three corrective structure like ZigZag , Flat . The breakup of the resistance line of wave B could be a sign for the end of the down correction and a resume of the bullish impulsive wave C to complete Wave Z of the larger corrective pattern WXYXZ from which price may go strongly down
Silver. Alternative count. Triple Three (W-X-Y-X-Z)Since the price has been rejected for two consecutive attepmts below 17.235 and couldn't close above that level, I think there is a probability of another leg down.
Below 15.64 this count would be validated.
It's unpleasant for bugs but we shouldn't be biased and trade what we see instead of what we want.
USDJPY. Possible wave countYen is in a large counter-trend corrective move.
Wave C (blue) is underway within a larger degree XX wave.
It can hit between 108 and 110.5 where C=1-1.27 0f A.
Right now the price is at the barrier of the downtrend resistance.
The break of it would facilitate further upside move.
Then we can see another drop down sub-100 area in a wave Z.
Wave XX can be equal in duration with wave X and then should end by the 20th of September
OIL WXY correction over or will it come down for the Z wave?USOIL Daily chart is at a critical point as it reaches the 61.8% Fib retracement of the correction so far. The important thing to note is if the WXY correction is complete and if bullish momentum dies at the trendline, we might get the Z wave. On the other hand if price breaks out of the corrective structure with conviction, then it will be a bullish impulse. Of course there will be plenty of opportunities and pullbacks to enter long. For now, I expect a swift reversal to complete the Z wave.
Whichever way the market wants to move, let it confirm first. Trade with caution.
What's up next a ZigZag, Flat or Triangle?This is my preferred count for USDCAD - obviously expecting a Flat to complete the triple-three C wave. I say preferred because there is a possibility of an ending diagonal (replacing the overall WXYXZ structure) as the Y wave of Cycle degree.
Learn more about Elliott waves
EURCAD is about to finish its complex correction; wait for long this long term corrective move is about to finish.
Don't sell for a little piece of Z wave, wait for buy setup, it has awesome risk to reward ratio and high probability.
EURUSD Monthly. Falling Wedge. WXYXZ.It's unpopular count as many call for immediate short down towards sub-parity.
The idea is simple - we got impulse up from 2000 low and now we are in a long term correction which shaped
a very nice Falling Wedge pattern. None of the trend lines were broken so the model is valid.
The wave C up should be impulsive with minimum possible target at 1.75 level where C=A.
At the moment the structure of upmove is still corrective so it can be another wave X with possible target at 1.23-1.27 area which should be followed by another drop down in wave Z which should land in the area of often met 78.6% Fib retracement at 0.99 level or even below as wedge's support is at the 0.96 mark.
Critics and comments are more than welcome!
NZDCAD Long termthis is a long term view of NZDCAD
Its in the long term (weekly or monthly) correction and this wave to upside also will be a correction.
GBPUSD WXYXZ complex correction seems to be endedI was waiting for this correction to end for days and it seems to be ended now.
if you are not in the sell, wait for a correction and join the wave to the downside.
check the link on the chart to see how the structure developed and how difficult it is to analyzing it while its going corrective.
Below is the long term of what I'm expecting to happen:
USDCAD long expected soonI expect this down move to end soon. Trade it according to your strategy. More details in chart.
S&P500: Short-term Elliott Wave AnalysisThere must be a comprehensive text, but I'm too lazy to write it.
AUDUSD complex correction (triple combination)price acts as corrective structure and looks like a double combination or triple combination.
still there is no trade setup, we have to wait to see a clear structure.
There are 2 different labelings, blue one is WXY correction ending with an ending diagonal ( red numbers refer to blue scenario and ending diagonal) and green one is WXYXZ which is not finished yet; if the blue one is correct and wave Y is an ending diagonal, price have to move upside to the beginning of the ending diagonal at the same time of forming ending diagonal.
Note the divergence
Gold (XAUUSD): Long-term Elliott Wave AnalysisThere must be a comprehensive text, but I'm too lazy to write it.
Gold (XAUUSD): Elliott Wave AnalysisThere must be a comprehensive text, but I'm too lazy to write it.
USDCAD starting for upsidethis is based on my previous forcast that this correction is about to end and it has been ended as ending diagonal.
USDCAD at strategic zone; long termthis is long term view of USDCAD
there are 2 main countings for this pair. black one which indicating that uptrend is over and the purple one which indicating a deeper correction for wave 4 and another wave to upside as wave 5
lets see which one is going to happen
