Ifeanyichukwuxx

Ifeanyichukwuxx

Currently, from my perspective, DXY is probably in a corrective wave (ABC). WAVE B, is not yet done but anticipating an end at 99.099 price level. After then comes the last WAVE C then the bearish trend or thread continues.... Let's see how this goes. WAVE A = 5 WAVES WAVE B = 3 WAVES WAVE C = 5 WAVES

Ifeanyichukwuxx

Looking back from Wednesday 15 of March, 2023, the wave 3 kicked off after wave 2 has completed its 3 waves movement. Wave 3 which carries 5 sub-waves along side submerged. Sub-waves 1, 2 and 3 are done, going for the fourth wave which carries 3 waves (ABC waves). However, from 4H timeframe, we can see a Zig-zag correction occurring which goes with 5-3-5...

Ifeanyichukwuxx

NZDJPY has been bearish since early July but started the trend with a possible leading diagonal which comprises of 5 waves and 3 sub-waves to it. Considering the diagram above, we are done with the waves 1, 2, 3, and 4 going for the completion of the last wave (wave 5). Wave A and B are done and price also going for wave C after which we can witness a big...

Ifeanyichukwuxx

Considering the whole movement, we are currently in a corrective wave which contains three waves(ABC waves). Ending diagonal at the last wave of C and it carries 5 subwaves but we currently at the 4th wave. A breakout of the red trendline will signify more sells to to complete the 5th wave filling the defined gap clearly seen on D1 timeframe.

Ifeanyichukwuxx

Currently, we are at the last wave of the overall wave which is the wave 5. Expect rejections around 775.0 price level. baased on the previous candles that left a gap without filling, expect price to fill it in the future and that will be the target after breakout of the red trendline.

Ifeanyichukwuxx

The market is currently in a complex correction which carries or bears three wave structure (WXY waves). As we see, wave X is about to be completed on only if the red line gets broken below. The last wave which is the wave Y is set to carry three sub waves with the 5-3-5 formation of its sub waves. COMPLEX CORRECTION - WXY WAVE W - 5 WAVES WAVE X - 3 WAVES OR...

Ifeanyichukwuxx

Wave previously ended as a the continuation of the whole bullish movement and contains 5 impulse waves (12345 waves). Current, we just see the market about to complete the second wave which conatins three waves with 3-3-5 formation as it sub waves. lets see how everything play out.

Ifeanyichukwuxx

NZDUSD is currently at the finish of wave 2 which happens to contain a complex correction (WXY) based on Elliot wave principle as you can see from the picture above. Wave C which should contain 5 subwaves ending the overall wave 2 is about to be played out. Let see how it plays out... Trade Idea: - Watch for a break of the red trendline for confirmation - Enter...

Ifeanyichukwuxx

Based on the analysis above, the market is currently almost at the end of the final subwave of the fourth wave. The wave 4 contains three corrective waves (ABC) with subwaves formantion of 5-3-5 waves. As of now, expect the completion of the subwave 4 of the entire correction and its supposed to contain 3 corrective subwaves (ABC waves). After the bullish...

Ifeanyichukwuxx

Currently, Wave 2 is almost coming to a completion and it conatains three waves (ABC corrective wave) but by the look of the whole structure, it happens it be a flat correction. Wave C which carries 5 waves (12345 waves) is at its last wave also which is the fifth final wave. WIll be looking for buying opportunities when is see some rejections off the end of the...

Ifeanyichukwuxx

Impulse wave which contains five waves (12345) which is seen the analysis above as the monthly wave analysis. Currently, price is on the point to attin wave 5 after the completion of wave 4 which is a correction (ABC) and is comfirmed by the break of the red trendline. At this point, however, to attain wave 5, wave should be considered to be the same impulse...

Ifeanyichukwuxx

Wave 1 is equal to wave 5. It signifies that the high distance of wave 1 is the same high distance with wave 5. The question is what will be the DTD of US dollar next year?. As from the above analysis, I expect a crash in the dollar as of next year. I guess non of us will see it coming.

Ifeanyichukwuxx

On the monthly time frame, the DTD is current bullish. Currently, we are at the last bullish impulse wave which is wave 5 which contains five waves (12345 waves). With a breakout and a retracement as a confirmation, I can actually, comfortably look for buys targeting 120000.00 price level as 161.8% fibs target also.

Ifeanyichukwuxx

Head and shoulder pattern with a neckline retest. After some manipulations last week, here is the adjustment of the setup. Watch for breakout of the small bullish correction… Stay blessed

Ifeanyichukwuxx

The market has completed the impulse wave (12345 waves) at 809.00 price level. A correction wave comes next which carries 3 waves (ABC waves). From now, we will expect price to continue upward in a corrective manner up onto 885.00 price level probably respecting 61.8% fibs level before we can see some reversals to continue it overall bearish trending market. As...

Ifeanyichukwuxx

Based on my analysis on a higher timeframe, the monthly timeframe to be precise. Overall, we are in an expanding correction and price as being respecting since market went into a correction phase. Last week, we saw price drop of about 5.04% and we probably had a rough week because was NFP week. Right now, we are in the last fifth wave of micro wave C ending the...

Ifeanyichukwuxx

We're in wave C of micro wave 4, that is the correction wave of wave 4 which contains three waves (ABC correction waves) based on my previous post. Price gave us an impulse move down to 103.1730 level and corrected. As for now, am anticipating that price will continue its movement to the down side after the wave B completion. However, price made a correction...

Ifeanyichukwuxx

This is my anticipation on Dollar Index for upcoming weeks. Currently, sub-wave C of wave 4 just kicked off. It contains 3 waves i.e. corrective wave ABC waves as we can see on the chart above. Let’s see how the market will play out as inflation keeps on decreasing. To enter, wait for channel break followed by a bear flag, then it’s safer to enter the market....