If highs are swept (TS) I will look to short... Will add as I get further conformation
If the current level breaks, I believe we will see 110.00 tested.
Analysis is on chart. I took too long messing around with the annotations and it started breaking out, but I got in at 0.70671 myself as shown by the long position tool
Price touched the 200 EMA on 1h chart, so I'm looking for the retracement. TP fits in nicely with the 61.8 fib (not on chart) with SL just above the high in the resistance zone.
After a harsh rejection off the resistance zone, price should look to bounce off the trendline towards my TP. This is confirmed by an inverted hammer chart reversal pattern. Analysis on chart.
TP and SL on chart. Tight TP due to what is happening in Greece, and I wouldn't advise holding any EUR positions over the weekend; especially after the gaps we've seen the last couple of weeks
Wait for breakout of triangle. If upward, we should see the C wave reach at least 1.11445
Analysis on chart. If the 2 (iii) wave is actually the end of wave 2, then we will see the triangle break down. If not, then it will retrace back to 2 (v), testing the 50 fib and top of wedge before a big move down. All comments welcome
Analysis on chart All comments welcom
Analysis on the chart. All comments welcome.
I have combined analysis from @IvanLabrie (link to his chart in related ideas, check screenshots in comments) with my own to form this prediction. Ivan believes that a Elliott impulse wave has formed for the green numbers, with a corrective wave being formed; currently a possible b wave. Using my channel as a base I came up with the idea that Ivan's EW pattern...
A bearish Wolfe Wave has formed inside the channel for the Daily Silver chart. Price should reach around 18.1 in a couple of weeks There is regular time between all waves, and if we continue this time to match the trend line created by waves 1 and 4 we get point (6). This i where price should head to after completion of wave 5. At point 6 I believe silver will...
Price is currently correcting and should look to bounce off the 50 fib line then shoot down for the wave (3) down to the -27 fib line Wait for the breakout of the rising wedge.
After a sharp drop/ downtrend of AUDCAD a bearish pennant has formed on 4h chart. The price is consolidating before I believe it will breakout on Monday morning and test the daily resistance from December at about 0.94. I believe this will be broken and price to continue the weekly/ monthly downtrend that is forming and looking at the current forecast for the...