BKAY23

BKAY23

The pair has been in an uptrend of corrective nature for almost a year now. We can possibly look for medium-long term short positions in the coming days to a week. Highly favourable risk reward ratio.

BKAY23

Looking at a ending diagonal scenario which has almost played out. Could we be in for a new trend to the upside? Let's see how this plays out over the coming months

BKAY23

Could the nasdaq be bracing for another bullish run? Here is a classic EW Theory textbook example...possibly!

BKAY23

The pair has been choppy for a few weeks now. We anticipate a horizontal triangle formation. Let's see how it plays out.

BKAY23

Ending diagonal scenario. Could the bulls be back for the dollar?

BKAY23

Can we attribute this week's choppiness to a continuation pattern (horizontal triangle)? The bulls may also be showing signs of exhaustion, so we may expect a quick final leg up on breaking out of the triangle. Let's see how it plays out.

BKAY23

Price seems to be in a medium-term range. We may be able to capitalise on this final move to the upside. Let's wait and see how it plays out.

BKAY23

Will be looking for a final bull leg for gold before a correction to the downside. Let's see how this plays out.

BKAY23

Great low risk opportunity presenting itself. Let's see how it plays out.

BKAY23

GBPJPY has respected the impulse wave1 rules of the Elliot Wave Principle. Looking at the price retracement and the change in time we anticipate a corrective wave2 currently forming. Wave2 often retraces deep (50-61.8% of wave1). We further anticipate the formation of a Zigzag type formation. If waveB retraces more than 75% of waveA we will then anticipate a...

BKAY23

Could this be a flat correction scenario?

BKAY23

Can we look for long opportunities or are the sellers still in control? Let's wait for the break out of this consolidation area.

BKAY23

Price has created an inverse head and shoulders pattern with the first impulse and corrective waves (1 and 2) having been completed, respecting the first rule of the Elliott Wave Principle. We have predicted the current trend to be of the 1st impulse wave of the 3rd wave of a higher degree. This 1st impulse is in its 4th (corrective) wave which could give us a...