I continue to breakdown EURUSD publication on different tf's, take your time to scroll back and view previous publications. According to stages of Market Cycle the pair enters markdown phase following distribution. We have observed accumulation, we have seen markup followed by distribution and all signs of trend reversals, including length of swings (getting...
eu has given us all signs of reversal, even the weekly time-frame. long term investment
Gold prices will recommence Impulsive wave north following correction. (Impulse - Correction - Impulse)
Cable will recommence its correction to at list 50% of main impulsive wave, to retest prior breakout structure. Beyond the above information also lies a possibility that market may correct further to 61.8% . Once retest is out-and-out, my idea is to buy the dip/discount and hold to the top.
Been a minute, this is me reporting for duty in a very long time. 1. According to wave theory wave 4 corrects wave 3, 2. Wave 4 is not fully complete yet, other than normal pullback structures .... an ABCDE correctional wave forms preceding 3rd wave. 3. Final wave E is in bond with wave 4 4. The idea is to buy 5th impulsive wave of the 1-5 elliot wave...
A-B-C-D-E Wedge = Correction {Impulse - Correction - Impulse} Impulse wave is always followed by correction (where correction ends, main trend resumes) 3rd wave rests on 50 fib of the bigger picture correction 4th wave is most likely to correct 38.2% of wave 3 5th wave lies at 61.8 fib
According to the elliot wave theory impulse is always followed by correction. Impulse is made of five waves (12345), Followed by correction with three waves (ABC). Our 5th wave comes to its final destination at 61.8fib boarder. conclusion: selling correction at 61.8(1.1800) {Updated version} Regards,
GBPUSD will fallback to give us a reset of previous broken border. logical place for first entry. If you skeptical and need more confirmation, there's a 2nd entry level, above 78.6fib (buy pullback). See all related ideas below to correlate. If you find my publications essential to your way of investing, please follow, like and comment. Regards T|C
long term eur/usd will continue to rise high north of the chart to complete cycle How To Enter + Buy pullback on lower time frame after price breaks above 50%fib level and hold from there.
Wave C of "ABC" correction is made of "ABCDE" wave count, normally used in context of wedges or triangles. The final wave "E" rests on the same price with wave "C" of the "ABC" correction. GBPUSD is also correlating with GBPJPY (see previous publication). Yours The Capitalist
GBPJPY pushes north to test trendline, price is also trapped in a channel trending north. Market will continue to rise following complete retest at 133.93 mirror line. Follow all GBPJPY updates, from past to read the bigger picture. Please follow if you find my ideas useful. hit like and comment where necessary. Thank You The Capitalist
Market continues to raise north, in the previous publication I outlined two structures, heads and tails. see related ideas below.
Structure contains five overlapping waves A-B-C-D-E A-B-C-D-E wave is a corrective wave and where the wave ends at E, main trend resumes. ABCDE is a triangle wave, and final wave E tells us prices will breakout to join main direction. Professionally Yours
On the previous publication we outlined Heads and Tails. two possible turn directions for British Pound Japanese Yen. - Where Heads meant that price will breakout south of range to complete wave E of the ABCDE wave count. - And Tails meant that the ABCDE wave count will become invalid and market will continue North in ranging channel. Now wave E of ABCDE wave...