Weekly's forth wave almost done. Happy trading!
A correction (hourly) within a correction (daily ABC) of a downtrend (weekly). IF price action shows itself very similar to the forecast , THEN you trade. Cheers!
Accordingly to the wave count the fifth wave of the daily uptrend (five waves up) made its peak and price action suggest the begining of the correction on hourly. This whole dynamic is the second wave on weekly basis (see RELATED IDEAS) and it is expected a Zigzag movement on daily chart.
I think we are seeing a real shift on geoeconomy. Follow the evidences: - FED promises THREE rate hikes this year - The change of the geopolitics towards a USA-Russia simbionse - "Economic emancipation" of China. (The nationalization of the world's mass industry). - The End of BRICS (as we know it). - The maturation of Euroland and Asian Tigers. - Rejection of...
Long-term bearish movement idea of the correction of previous impulse between 2008 - 2012. The current uptrend on hourly/daily could be the second wave of the last C-wave of the long term correction. Happy trading!
First wave in the wake of the impulse. Happy trading!
Some waves exposed. If you like this analysis and want updates, please click "LIKE" buttom. Happy trading!
This third wave is a C wave on daily chart on a weekly ABC. Happy 2017!
Merry Christmas!
Good risk/reward ratio. Merry Christmas!
MACD indicator in hourly and daily charts is showing signs of exhaustion. This could be the top of the currently uptrend. Happy trading!
It does not look like a reversal yet. Short term sell is valid. If price plays along till supports area, further price action analysis will be needed to presume if the correction continues or not. Cheers.
This is my ultimate analysis. Hope you like it! Happy trading!
A nice ending diagonal for your appreciation. Happy trading!
There is sign of exhaustion of the wave near resistance. Cheers!