Price has retraced to the area of the wave 4 of the prior structure, via a three wave pullback - zigzag. Wave b in the zigzag is a triangle, wave C travelled 62% distance of wave A. Looking for further higher high
I want silver price to go upside immediately! :) Jokes aside - there is a complete fractal with the impulse followed by a flat correction the only question is whether wave C is complete or not. So far the structure is very strange, at least I have never come across such an impulse with a short wave 3 followed by a running flat in w4. Anyway, the impulse as I see...
Sometime ago I posted my view on a couple of cryptocurrencies. For those who bought XRP - KEEP IT and DONT SELL UNTIL IT COMES TO 1,5 (more precisely - 1,65). This price is the target of the first impulse that is underway. I will close half of my position (0,297) at that level and buy again when price completes wave 2 (pullback 50-62% of the impulse) Good luck!
It seems to me, that we finally arrived at a complete fractal Impulse - followed by a flat structure. Although wave see is a very interesting one, having a running flat in the wave 4 of it, and a small expanding diagonal in the wave 5
The structure seems to be a complicated one I think this puzzle represents to legs of a flat, with the wave C to complete. Will see. I am in.
A potential impulse is underway, hinting the price started the reversal After the pullback on H1 t/f will buy
Index has completed a WXY. Just a snapshot where we are within the last month's move
Hello everyone There are two scenarios to consider 1) three waves 1-2 of different fractals 2) impulse in the form of a diagonal (shown on the chart). As per scenario 2 my basic target for the full impulse in the larger wave 1 is around $420 As soon as price moves on, we will see what scenario is unfolding. I think that as Bitcoin goes into correction (to my mind,...
While everyone is overexcited with the rally, please pay attention to this channel. There is a chance, the current move is a wave C in a huge running flat. Before the new low to follow Will see
Last time I showed the bearish case with a level of 6000 - being the price level, that will invalidate the wave 4 of the downtrend, once price overlaps this it. If someone wants to project the potential growth trajectory of BTC from where we are now, it is quite likely that the larger correction has completed as shown on the chart. If this is the case, we are now...
After the impulse we see a correction somewhere in 2/3 completion. I assume again a flat structure to be completed, having the internal structure of 3-3-5. Will it be a regular or irregular flat, will see. The key is in the wave C - that must have 5 waves for the whole correction to qualify to be treated as a flat. Standard entry will be the break of wave 4 of C,...
Breakout from the current pullback structure will also lead to a breakout from the senior corrective pattern - wave B in an ABC (assume simple three wave structure)
May be will try to sell after the higher high.
I am not buying oil at these levels, but the structure hints we will have a push towards the high. Price made a tree-wave pullback, followed by a reversing impulse. Will see.
There is a clear three-wave setback, presumably a regular flat. Waiting for the reversal in a similar wave marked with a blue arrow
The structure appears to be a running flat. Now it may complete the 5th wave of wave C of this flat, in the form, I assume, an ending diagonal. Watch for the signals to short. If it breaks the local high, the structure may transform into an expanding diagonal.
I assume a running flat close to its completion. As soon as the price comes to the levels shown on the chart - will wait for an impulse up to join the move to the upside
I am pursuing the basic scenario of eurusd going down, but there is an alternative option that the whole impulse down has ended with an ending diagonal in wave 5. This analysis is not unique, a lot of wave traders are showing it. What do we have at the moment: 1. Impulse as marked on the m15 chart 2. Potential three-wave pullback unfolding and close to its...