We are at the end of a complex correction (W-X-Y), there is strong support right above the 61.8% Fibonacci level. Look for buy set ups.
I am looking for a bullish wave into the blue box to complete the structure
AUD/USD is forming a bearish flag that bounced off the 50% Fib level. It could be a good trade to end the week about 60 pips to profit
USD/CAD is setting up for a 500 pip drop to the 1.36000-1.34000 price area. I see 2 possible routes price can take before the big drop. We can break the CTL and just have a nice big drop or we can retest the high one more time before the big drop.
The Pound have been on a bullish run since March 19th, I believe we are in a wave 4 corrective structure that is setting up for a bullish wave 5 move to the price area of 1.27000-1.28000. With Non Farm Payroll tomorrow, I think we will see some Dollar weakness from the fundamental news event which will help boost up the already strong Pound against the US Dollar.
GBP/JPY is completing a bigger correction on higher time frames. On the 15 minute chart we are seeing a bullish flag forming. Price may form a deeper correction but as long as we do not break the lows of 132.540 this trade idea is valid. I am looking for price to push higher towards 135.400-137.00.
CAD/CHF seems to have completed a bearish flat correction. I am looking for a bearish trend continuation trade
We should see a Bullish Wave to either complete a corrective structure or a new Bullish trend. Either way we should see a nice push up in oil to around the 30.00 price point a least. This trade idea would be invalidated if the low is broken
I am looking for a trend continuation to the downside
I am looking for another bullish wave to finish the structure
The US Treasury Notes have been forming a corrective structure since the beginning of this month on March 9th. The move down seems to have taken the shape of a zig zag. The recent impulsive move up could mean the corrective structure is done forming and the next big wave is going to be Bullish to create new highs.
We are setting up for another sell off in E Mini S&P, the wave 4 of the impulsive bearish wave down is completing now, I am going to be looking for a sell set up to finish wave 5 of either a new wave 1 of a change in trend to bearish or just a wave A of a new 3 wave correction in a bull market. Either way the direction is down
I am looking for a big bullish wave to push up around 108.00 area
I am looking for a break of the CTL, then for price to retest the low of 16.04.A break above the 200 MA at 17.22 would invalidate this idea
Good sell set up, I expect price to push down to the 360 area. The recent push up took shape as a corrective structure, a push down should follow
Tesla have been in a correction since the beginning of February this year 2020, I believe the corrective structure is a Zig Zag. Wave C in the zig zag seems to still be unfolding, I believe we are in a wave 4 and we will see one more drop to the 599-499 price ara. The blue box indicate my reversal zones for price to tart the next bullish wave to create new highs.
Price seems to be finishing a fifth wave inside a wave 3 of a flat correction. Once this wave C is finished I am anticipating a huge sell off that will cause price to create a new low below 1.29500
Look for a sell of in Natural gas after the correction is done