Elliottician_SamRoy

Elliottician_SamRoy

#Gold (XAUUSD), 1 hour: IMHO, a rare but probable Elliott Wave pattern is unfolding on the chart, known as an Expanding-Leading-Diagonal (the 3-3-3-3-3 variety) to the downside. ⚠️ If price breaks above red wave-2 near $3438, this bearish outlook gets invalidated. 📉 Until then, downside pressure remains on the table. Once wave-3 low ($3120) is broken, this...

Elliottician_SamRoy

This is somewhat Optimistic and Relaxing. No I aint optimistic bcz markets are at record highs, in fact until yesterday, I was permanent bearish (for at-least next decade) on US markets and then RSI got my attention. Yes these wave counts are suggested to me by RSI (period=9). Usually RSI gives the highest reading for a specific 'Impulse' wave at 3rd of 3rd (of...

Elliottician_SamRoy Updated 

Very low risk but very high expectations from EurUsd. Trade on your own risk. Money-Management is more important than Money-Making!!!

Elliottician_SamRoy Updated 

According to my analysis, USDCHF is very close to end the correction on short term basis. Current Elliott Wave outlook suggests that we are going to have a sharp rally happening very soon all the way up to 1.13000 price handle. Current price is good to enter but Stop-Loss point is very far at 0.95500. The R:R is still good but conservative trading is what I prefer...

Elliottician_SamRoy Updated 

The Elliott Wave outlook is showing some opportunity to short EURUSD soon. Triangle looks completed. There is a minor chance that wave-E of triangle is underway but since Alt:wave-D has violated the Elliott rule by passing the end of wave-B by a few points, I believe this is wave-i instead of wave-D. Lets see the price action in coming days and weeks. Remember...

Elliottician_SamRoy Updated 

The short-to-medium term Elliott wave counts suggest that AUDUSD may keep falling for next couple of months or even years given that price does not break the recent high of 0.78337. IFF this wave counting is correct, Aussie will provide us with some exciting short selling opportunities in 2017. I will publish my Entry/Stoploss/Profit targets later in comments. ...

Elliottician_SamRoy Updated 

In my opinion, USDCAD is about to finish the sideways consolidation (correction to larger degree downtrend) that started 5 months ago. If my wave counts are correct, we will soon see a fall of USDCAD to go for wave-3 or wave-C to the downside. I will publish the detailed Elliott wave count labels & the Entry/Stoploss/Profit targets later in the comments. Happy...

Elliottician_SamRoy Updated 

#XAUUSD is at very important point these days. Major bottom is about to show up within couple of days or it already happened on 20July2015 at $1071 price. As this is major correction of uptrend of Gold, its most probably a triple Zigzag (WXYXZ). Wave-Z is about to end (or done at 1071). As it looks like ABC zigzag where A is 5 waves, B is 3 waves and now C looks...

Elliottician_SamRoy Updated 

End of wave-4 or just wave-A of wave-4 at exact 50% fib retracement of wave-3. Check Main wave counts here:

Elliottician_SamRoy Updated 

The wave counts so far show complete impulse wave for #USDJPY . If the wave counts are correct then surely #USDJPY is heading down for a couple of months (or years). Lets see how it unfolds in days and weeks to come. Remember only price action confirms the wave counts. Keep an eye

Elliottician_SamRoy Updated 

May be there are no more long trades on this pair left for coming years. Although the retracement is little less than 61.8%, but on the other hand, red trendline is also broken but still there might be one pending leg up. IMHO, most probability goes for Bearish trend because there is nice bearish divergence on MACD as well. (This is Monthly time frame chart, good...

Elliottician_SamRoy Updated 

As almost all major USD pairs correlate with USD index, either directly or inversely, prediction of direction of $ index is important to keep in mind bigger picture for all those major pairs.. Looks like we are in correction right now, that can stay for more time before bulls come in the game.

Elliottician_SamRoy

Short selling Probability is there. Keep an eye !!

Elliottician_SamRoy

This trendline was broken downwards on 21/Aug when market made big moves. GBPCHF is currently testing this TL. Lets see where it leads the next moves.. Keep an eye for confirmation to enter short (or long). Good luck

Elliottician_SamRoy

Since the odds of wave-4 being a triangle are low as its continuously breaking rules of #Elliotwave triangle. So here's the new probable scenario. Note the bearish divergence is forming. Prices may push bit higher or hit 50% fib.. Good luck..

Elliottician_SamRoy

Both #GOLD and #SILVER are in correction phase for exactly 4 years now which looks like ending very soon. Bullish Divergence on both metals is already giving strong signal of Bulls getting ready for longer term... Keep eyes on it !!

Elliottician_SamRoy

GBPJPY is at major trendline Support level with bullish divergence on MACD. May end up as Diagonal with the final leg up as wave-5

Elliottician_SamRoy

At end of wave-Z, either its completed wave-4 on major trend (in that case counts as WXYXZ are correct) or its just 1st part of wave-4 (in this case it is only full wave-A as 12345 instead of WXYXZ), but in any case, if these counts are correct, we will see a #Bullish action for #YellowMetal soon !