Beautiful Elliott waves, long and short after reaching 5
Maybe for now , EU have correction and will go down you can short term but i remember keep look oppotunity for long at good price 1.13600-1.13200
I recommend for wait the swing for shot to following trend because this is worth than Long
For monday Gold will Correlation before up to strong again in 1260-1220 maybe i recommend wait for opportunity for Long that's worth than short
On the weekly time frame After making a failled pin bar buy signal at the major weekly resistance at 1.900 price has been moving down with the initial down trend. On the daily time frame A lot of interesting price action sell signals has been formed I have added my both positions and will add more in the coming days when price makes a new lower low and pull...
What is this chart? This is the Real-Estate Investment Trust (REIT) $MSCI it is the underlying asset for the 3xLeveraged Short Real-Estate ETF $DRV. Why is it important? Because if you buy $DRV during a housing market crash you can make some pretty insane returns, and if you look at the Elliott Wave count (unconfirmed) you will see that $MSCI has possibly just...
Looks like we may have entered into an ABC correction here. Price broke through trend support and then bounced off 2015 key level which could mean we are entering into the B leg for a long, and then a C leg for a short.
This is a followup to the idea from yesterday (link below) yesterday i said the X point of the gartley was the potential 5th wave of the recent downmove. now that we violated X, this doesnt work anyway, so i had to rethink my view on the waves. I think a reasonable scenario would be to make wave 3 an extended wave with another 5 wave stucture inside it. that...
I count a possible double zig zag with a bearish ending diagonal C wave. Markets feel toppy, markets look toppy...If we continue to break down out of the channel, Im guessing we could see similar lows to last month (and most likely continue to fall) For this play, a safe stop is this months top ~ 2080. Target 1820 (for now...)
All USD Pairs to me right now suggest at least a pause (or close to one). Here is my updated EW count on the USD CHF. Can never be positive about a turn but that 1-hour candle has a long wick to it.
Well I do think the USDCAD is bottoming temporary. But I am not at all sure what it's doing long or short term really. Does anyone have a potential long term EW count on this pair?
finally, while UK is asleep - EUR is jumping up... good or bad - depends on your market approach. basically some of us has missed a good intraday move everyone have been waiting for. but ok, as I see the current market situation the level of 1.115 must be cleared before the market will continue it's up move, (if it will, we can not know for sure - never). also...
Here we have it: a perfect Elliott Wave in all it's glory. This view helps to get a bigger picture of where we are in the current trend. Targets are estimates only, as waves can get severly compressed and stretched both in time and price. We'll be able to draw price target zone for wave V only after c of IV is concluded. I'll update the chart when this happens.
Will the price goes bull or bear? IDK. Buy Sell Volatility Trap. Possible Wolfe Wave though.