As seen on the chart, wave 3 is NOT the shortest, as proven by a trend based fib ext, that is of course if we assume that wave 2 is an expanding flat. This alternative count gives us a bottom of the 95-105 USD. It will of course be easier to know once we know the range of B. We WILL find the BOTTOM. I will update this as history moves on
EMA: 130 and 50 EMA recently found support at $1,280 which also coincided with the 100% extension. RSI: Overbought and crossing through an extreme of 80. Stochastic: Passing through the 80 with momentum into 90 using a 21-price range setting. Wave Count: Currently on a sub wave 5th wave of the overall third wave. Fibonacci Retracement: - Fibonacci Extension:...
bearish wave keep going till next strong pivot...
Will be on the lookout for shorts on USDCAD. Get ready for the next wave down. Just ignore if price continues to correct higher. Price could continue to correct for much longer, but so long as it does that will not change the overall bearish outlook. Trade with care my friends :)
The current markets are seeing this death cross - here are examples in 1970's where this happened. I expect markets to decline into late Q1 2020 brschultz - youtube
The 34 Week SMA is breaking below 340 Week Double Hull, this happened in September 2000, May 2008, and late November 2015... we are in the danger zone!
Wave (iii) is incompleted. Once completed expect Wave (iv) to retrace 38% of Wave (iii) then a move lower as Wave (v) of v)
Not financial/investment advice. Invest at your own risk. GTO breakout on the daily. Looking very bullish on a my major indicators. Do not pay attention to the time line. The targets can happen in rapid succession or played out. Everything is fractal. Could retrace slightly more down to 730 before pumping to 1280-1340. From here, the trend could totally...
Apparently, the triangle is complete ending with a swift throw-under. Next target is the length of wave "a," roughly 26 points.
We should be ending a 5 wave s up to end minor wave A or 1 up is the bull case wave 2 down should be .50 to 618 drop in the form of an abc decline lasting about 6 to 8 days down for the bull case
I'm long Echf from lower down and letting some run, hoping to test, and, or, break highs.
Entry Price would be the .382 (3970$) and .5 (3930$) Retracement levels and should take about 1 day to reach, Targets will be the .618 (4200$) & .718 (4250$) extensions and should take about 3 days to hit. Stop loss should be below the .718 Retracement level (3815$) as wave 3 rarely retraces into wave 1 territory DIsclaimer: This is not financial advice & I...
All the extension and retracments of the elliott waves are based on fib numbers and patterns. As ususal the chart speaks for itself as long as you know how to read sub waves and understand elliott waves and patterns. This will likely play out if we do not go below the stop loss, but the time frame will likely take longer, I just shortened it so it could fit on...
Chart says all. updated prior post with corrected line positions given interval price changes. C wave length and duration mimics A wave. The H&S pattern appears to be an extension of the correction but note it is also a pennant, or continuation pattern. The trend: still down, entering a fifth intermediate of primary third wave. expect double bottom to retest 233...
Hi guys, Let's wait to see if this wave 3 achieve the target ... Please let your comments below!! Cheers. Pedro