Fomenka

Fomenka

looks like AJ is consolidating before sharp move down in 5th and final wave of the trend. Cofirmed by non-divergence of RSI. 200MA is capping the price providing the resistance. On weekly chart there is a series of inside bars. On daily there is a bull candle then dodgy, then bear candle bouncing of the 200MA and two inside bars.. looks like bearish setup. I put...

Fomenka

Seems like a nice head and shoulders pattern emerged in EJ, confirmed by Elliott Wave count and divergence in RSI. No price action pattern though..

Fomenka

seems like EURUSD is consolidating for a final leg down

Fomenka

topping

Fomenka

- PB against the level (similar patterns at junior time frames) - divergence on all time frames - looks like a correction of a bigger trend down

Fomenka

very short-term. RSI + sort of EW count + MAs

Fomenka

upward correction which is expected to take a week or so

Fomenka

final move down before trend change

Fomenka

will be updated

Fomenka

EW count + RSI divergence + IB against strong support

Fomenka

inside bar against the resistance level + EW count + divergence

Fomenka

On 4H there is no divergence.. expecting one final leg down (5th wave) to finish the trend

Fomenka

Had to change my view on the market near-term. Short-term selling in 5th wave

Fomenka

Pretty clear. One risk - I usually jump the gun too early. It may be another subdivision down.

Fomenka

On daily chart the bounce is facing 200MA resistance. RSI indicated divergence. Pinbar and dodgy on 4H against resistance level + Elliott Wave pattern is present. Seems like enough evidence to short Swiss. Corrections are usually choppy so this shall be regarded as high risk trade.

Fomenka

Seems like an uptrend is about to start. May take up to 5-6 months to unfold.

Fomenka

highly speculative. Still looks like a high probability opportunity. series of inside bars on 1H + RSI pointing to resumption of trend and Elliott wave count. Next level may prove to be the end of 5th.