Price can still afford to fall. Because it is convenient for me, the notation of the motive wave is the same as the correction wave, but it is probably in the zigzag.
AUDUSD completed C wave on Friday last weekend and it seems that it entered the next cycle. Consider the following two patterns as counts. 1) Currently in the second wave of the new promotion 5 waves, it rises to 0.80800. 2) zigzag is being formed and going down. I will short if the price falls below 0.78725. The reason is that 1 is denied. After breaking through...
Three waves out of five propulsion waves were completed. From here the corrective wave starts. its range will be around 0.74000( the second wave * 0.618. ) Then, if price action is confirmed,I will aim for the 5th wave.
GBPUSD is currently forming the fifth wave on the daily chart. Looking at H1 and checking the secondary wave of 5 wave,as a candidate for counting, 1) Currently it completes up to the X wave of corrected 5 waves (double zigzag), and it enters Y wave from now. 2) After the C wave, the next five propulsion waves are formed. Two scenarios are possible. If the price...
$EURUSD completed the propulsion 5 wave. Theoretically, we can expect 3 descent waves. The question is whether the fifth wave shows an extension. After breaking through the neckline, look for short opportunity.
Since 1.46500 is a low price of 5-2, there is a possibility of a rebound. Therefore, after confirming the price action at the beginning of the week, if it reaches 1.46000 ,I look for short opportunity.
5-3 waves of the fifth wave extension type propulsion wave was completed. It is highly likely that it will come back in the short term because it shows divergence on the 161.8% line and 5-3 wave is a sudden propulsion wave. Short entry will be made after observing the price action at 0.77806 where the channel line and the trend line crosses. its target is 0.87240.
4H:Divergence of RSI,Breaking out of the trendline 30m:H&S at 50% level.
$NZDCHF will make a continuation pattern at 0.70397