AlexPalmaFXTrader

AlexPalmaFXTrader

Hello traders Tesla currently on a corrective wave, possible a triangle or WXY correction.

AlexPalmaFXTrader

Hello traders GBP/JPY is forming a triangle as wave 4 and we expect more bullish action after breakout. profit target are the fib level 1.236 and 1.618

AlexPalmaFXTrader

Hello Traders current price action for us oil is forming an ascending triangle pattern. I expect price to reach between $48 and $54 before in the next few weeks before it reverse

AlexPalmaFXTrader

Hello Traders US30 price currently on a corrective wave. We either working a triangle or a WXY correction so far. If Price breaks above trend line my target would be 1.236 and 1.618 of wave 4.

AlexPalmaFXTrader

Hello traders I still feel we are on a bearish trend on GBP/USD unless we break above double top resistance line take a look at the 2 hour chart analysis i did. I will be looking to enter short between 1.2580 and 1.2608 with SL just stop loss just above double top resistance line my PT would be on red square. Thanks and please share your ideas or opinions

AlexPalmaFXTrader

Hello traders, here is what i see on EUR/USD 1 hour Chart overall we are still on a downtrend. I'll be waiting for a breakout below 1.1939 to go short. my profit targets will be 1.0936 and 1.1033

AlexPalmaFXTrader

Hello Traders, I expect further decline for EUR/NZD this week and possible next week. My profit targets are shown on green

AlexPalmaFXTrader

Hello Traders USOIL downtrend just starting

AlexPalmaFXTrader

Hello Traders. i expect S&P mini bullish trend after hit middle parallel channel line or 1.0 Fib level @ $2918 then if price breaks above upper channel line i expect price between $3300 and $3430

AlexPalmaFXTrader

Hello Traders, Today we'll take a look at silver on a 2 hour chart. Personally i think we are still on a bullish trend, i see a possible triangle formation as wave 4 or a double correction (WXY) I expect market to go about 19.560 Thanks.

AlexPalmaFXTrader

hello traders, here is and update on 1 hour EUR/NZD. I think we are working a double correction. I'm still short with profit targets as shown on fib levels

AlexPalmaFXTrader

hello traders i spotted a bullish triangle formation as wave 4. my profit targets are 1.23 and 1.618 fib

AlexPalmaFXTrader

Hello Traders, If my wave count is correct AUD/USD still on an uptrend, possible targets between 0.7100 and 0.7200 Thanks

AlexPalmaFXTrader

Hello Traders It looks like EUR/USD trend is about to reverse. From my point of view i see an ending diagonal pattern still forming for wave C of a zigzag correction (ABC). i'm looking for price to find support at .50 Fibonacci level before reverse. As always i will be looking for a long entry after price breaks above wave 4 of ending diagonal (wave C) Happy trading.

AlexPalmaFXTrader Updated 

Hello Traders. Back on June 8 i predicted GBP/JPY downtrend was coming and now 2 of my 3 profit target have been hit and market is still bearish so i expect my 3 rd profit target will be hit as well. What i can see on this 30 min Chart, since market started bearish back in June 5th it's a double corrective pattern combination labeled WXY where W is the first...

AlexPalmaFXTrader

Hello Traders, Today GBP/JPY broke a very important support level which indicates market will continue bearish. Also i notice a bearish head and shoulder pattern formed and already broken. I expect market to drop to 126.500 at least

AlexPalmaFXTrader

Hello Traders Normally i don't do stock trading but Elliot wave applies to everything. According to my wave count on AMAZON bullish trend is almost over. we are getting close or we already are on wave 5 then market will correct RSI, Stochastic and MACD are overbought and have bearish divergence.

AlexPalmaFXTrader Updated 

GBP/JPY could retrace back up to 138.841 maximum during NY session. I would enter short once .618 Fib level is reach