A number of Elliott wave opportunites. The highlighted areas are potential zones for this particular elliott wave count to unfold. Enjoy!
A quick count indicates a potential bearish Impulse wave yet to complete in it's 5 wave venture. Enjoy !
It looks like an ending diagonal has completed. This is an aggressive entry to long.
A Break below key support levels will indicate a strong sell. It is fairly amazing to see the timings of the boom & bust cycle in the FTSE 100. There is a 7 year difference between 2000 to 2007 peaks before the crash. Yet again there is a peak we can see in 2015 this time just over 7 years from 2007. Currently the market has breached many support levels and we...
A Quick EW count shows a WXY formation providing a number of opptunities. There is also a bullish cypher pattern marked PRZ area.
There is divergence on the macd and rsi. The bearish thrust seems to have fallen compared to earlier this year. Perhaps over the next year Copper may recover. A break of these resistance levels may indicate a recovery but until then it is in a bearish trend which may continue if the first resistance level is rejected by the market.
Potential to Short or go Long depending on what happens upon market open. A clear break and close above or below the thick green or red lines may present a trading opportunity with the arrows showing the direction of the trade.
Here is a decent setup to short and then go long upon a Zigzag completion. A quick wave count shows a triangle pattern as Wave B within what is setting up to look like an ABC zigzag thus a decent opportunity to trade going long at the end of this correction as a triangle only precedes a final wave of a sequence. There is also a Bullish Bat that completes around...
Sometimes just a line/OHLC/candlestick chart etc can indicate what potentially may happen in the near future. Here is a demonstration of that in action on a weekly OHLC chart. There are of course many more patterns, indicators etc you can apply but this shows how just the raw market data can illustrate what may happen. Thanks for looking and enjoy !
Potential Reasons to enter Long within the PRZ: 1) Bullish Bat 2) Zigzag completion 3) RSI divergence 4) Structure support level
Here is an excellent area of confluences if you are looking to short the pair. 1) Bearish Bat 2) ABCD 3) Bearish Cypher 4) RSI overbought Thanks for looking! Enjoy!!
Expanding triangles are rare but when they come, present a decent trading opportunity. This is a perfect example showing how to use macd to identify Elliott waves. This is a highly aggressive trade entry using atr stop loss.
Looks like wave 3 is loosing momentum. Another opportunity to short may come after a wave 4 completion.
Wave 4 may be starting presenting an opportunity to go long and then short upon a wave 4 completion.
A decent area to short the pair based on: 1) gartley completion 2) looks like a 5 wave leading diagonal 3) Structure resistance