Elliotwavesglobal

Elliotwavesglobal

We have been on this in the past two weeks and now we can see clear signs of bears controlling the price. We had a triangle correction completed and made an impulsive wave to the downside which confirmed our bias. Now are are on the first wave of wave 3 and we should anticipate momentum to the downside to increase. To take advantage of the drop one should find...

Elliotwavesglobal

Price made impulsive move to the downside followed with a triangle correction, since triangles will only appear in 4th wave and as wave B or X in corrections then I am expecting price to continue to drop to complete this zigzag correction before resuming bullish momentum. To take advantage of the bearish move one should find area of resistance to short the market.

Elliotwavesglobal

Bullish bias is still on. Price made impulsive wave 1 of lower degree and now we should expect price to continue up to test the upper trend line. There is also a possibility that the 4th wave is still in play and a possible triangle is about to be finished, however, this does not change our current bias to the upside. I am expecting price to drop to test the...

Elliotwavesglobal

The view we had in past three weeks was a possibility of complex 4th wave and our short term bias was bearish. But price reacted and closed above 61.8 Fibonacci retracement level and therefore changed our bias to bullish(Technically 4th wave is complete). Another confluence was a clear 5 waves after the reaction on the 61.8 fib. Now two possibilities, either wave...

Elliotwavesglobal

Price is still on uptrend on 3rd wave wave. What we should expect is small pullbacks and continuation up.

Elliotwavesglobal

Price made a leading diagonal to the downside which completed potentially wave 1. At it is currently pulling back up for wave 2 which unfolds as a zigzag ABC. If this count is correct we should expect price to find resistance on the golden zone which is in line with the upper trendline of the channel. So we should be looking to short GBPAUD at either upper...

Elliotwavesglobal

We have seen from our previous count price made a leading diagonal and have pulled back down with 3 waves. The question is whether the correction is complete and we have already resumed the bullish momentum. Us long us we are not taking the previous high then we should expect price to pullback down to complete wave 2 at 38.2 fib. If we are correct then we should...

Elliotwavesglobal

From our previous count we were anticipating a drop for 4th wave completion. We can see now we have been dropping as anticipated. Given the current wave structure I am expecting a double 3 (wxy) to complete this 4th wave. If we are correct then we should expect price to continue down from current position before pulling back up and fall one more time. To take...

Elliotwavesglobal

Price have unfolded the leading diagonal structure and we have seen signs of bullish weakness. If we are correct we should expect price to drop to at least the golden zone before resuming the bullish momentum.

Elliotwavesglobal

On our previous view we were expecting a wave c to the upside that will complete wave B of higher degree. It looks like wave B is completed with an ending diagonal. Now what I am anticipating is price to drop to complete wave 4 in higher degree. However, if wave 4 is complete then the move up might be a leading diagonal for wave 1 of 5. But all in all the the...

Elliotwavesglobal

XAUUSD have been in uptrend for sometimes now with small pauses on the way. Given the current wave count we are clearly on corrective wave 4. The question is, is the correction completed or should we expect a further push to the downside? One of the possibilities is that the precious metal is making a complex correction WXY and currently we are bullish to complete...

Elliotwavesglobal

With the current wave count the structures show a possibility that impulsive wave 1 is completed. If we are correct we should expect price to drop correctively for wave 2. To take advantage of the decline a trader should find other confluences that support the idea. Trade responsibly.

Elliotwavesglobal

NZDCAD have completed wave 2 which have unfolded as a complex correction WXY. Looks like currently price is making wave 1 of lower degree. If this count is correct we should expect price to retrace to the golden zone fib 50% to 61.8% before resuming the bullish momentum. Lets continue to monitor it a possible short setup when the 1st wave is completed.

Elliotwavesglobal

EURNZD is in uptrend and currently have completed sub-wave 1 of wave 5 of higher degree. The question is the pullback for sub-wave 2 complete or still retracing lower? Given the wave structures looks like we might have a retrace lower to complete a complex correction wxy before we resume the bullish momentum. If we are correct we should expect price to find...

Elliotwavesglobal

On our previous analysis we were expecting price to start decline to form 4th wave of higher degree but price instead of creating na impulsive down we had a clean zigzag signaling we are not yet done with the 5th wave. Now we have a recount of this 5th wave and we can see we still bullish. If this current count is correct we should expect price to continue up and...

Elliotwavesglobal

Looks like we should be expecting one move up to complete this cycle then we will have a correction to correct the whole bullish cycle.

Elliotwavesglobal

Given the current wave structure looks like we are yet to complete the bullish phase. Now I am expecting a short term pullback for lower degree 4th wave where I expect price to find support at 50% fib then continuation to the upside. Overall we are bullish but we should expect periods of price to pullback to gain momentum.

Elliotwavesglobal

On my previous analysis earlier today I was expecting a triangle to be formed for the 4th wave. However, the idea is now invalidated. Now what to expect from this current structure is price to continue lower to complete a WXY correction to around 50% fib or continue up from the current level. The only way to take advantage to ride this last 5th wave of lower...