Hello Traders ! Like in the last Analysis already mentioned I expect the EURUSD to drop a little bit. This would be a nice Scalp. According to the Elliot Wave Analysis we can see that we are right now in a corrective move. The Wave 2. Afterwards I expect the Wave 3. A big push to the upside. We can subdivide the Wave 2. Then we got the 12345 Pattern. And we...
Hello traders! From the perspective of Elliott Wave we are now in final Wave 5 of the Primary Wave 3. The Primary Wave 3 could finish it's rally at the 1.66213 according to the Fibonacci extension at 1.618 region. This price resistance is also the resistance formed at 12 August 2019, so we have 2 confluent reasons so far to believe that the market will shift into...
CHF index shows it's about to reverse to the downside (weaken). This plays well with this scenario. EUR index bullish and weak CHF means EURCHF will rocket.
Watching for price action at double bottom. Will be looking to use the DXY to get my entry.
Did we just put in a stealth 2nd wave, and could we be about to impulse to 12500?
Will be looking for the next impulsive wave. Elliot 5 wave completed
Elliot 5 = 0.61% or 100% & 1.23% of wave 1. Already touch 100% fib level. Let's see our next target. After complete this we will see a ABC correction. ©t.me/ARS_TA
If my Elliot Wave is correct we could be approaching the end of B leg and now price may drop from here. Just and idea, check out the chart.
This is probably the most important value one should consider in this position... The nature of algorithmic trading makes this level very important for a wave model analysis. See the charts below...
Hello Traders, GBPUSD is about to start its upside but its not long term trading ! It's only for a few weeks. Its going to have a lower low after its finished the pattern that is forming now. Beautiful pattern if its going to work, don't miss out on it. See my previous chart about GBP and see my prediction on it ! Trade Safe Trade Simple Alex
Pure WAG and sheer speculation. Absolutely NOT investing advice! This post is strictly for your amusement only; intended purely to entertain, so enjoy! NB: Near-term some sort of correction is due, index trading >2SD above 50DMA, RSI overbought near 80; absent a Fed Hike on 28/29 Jan, expect a modest pullback. The monster break of Feb 2018 is unlikely to repeat...
I really believe that this is a bear flag and this is the final touch at the resistance trendline before we can see some downside movement in this pair and the Elliott Wave corrective pattern ABCDE is officially done for now and we should see 5 impulse waves to the downside. If the price manages to brake the support trendline it will continue to fall even...