UnknownUnicorn3382580

UnknownUnicorn3382580

Seems quite clear sell Target 0,7

UnknownUnicorn3382580

This is a clear example of Elliott wave approach application to spot perfect trade opportunities. The example relates to the current structure of NZDUSD I assume that we have got an impulse and now price pulls back in a simple three wave correction. Please note, that there may be four rule-based entries, two of them with a very short stop losses, as shown on the...

UnknownUnicorn3382580

I will try to outline a couple of bearish options for the pair. 1) ABC structure, where the triangle is the wave B. This structure has the potential at least 1,05 (62% for the wave C of the length of wave A). More extended movement will lead the price well below the parity 2) Completion of the impulse. There are two visible alternatives, as shown on the bar...

UnknownUnicorn3382580

I assume the pair is in the range within the wave X of the larger combination Overall long in next three waves

UnknownUnicorn3382580

I am bullish on major cryptocurrencies. But there should always be an alternative scenario to be taken into account. The price suggest a path that it may make a lower low, and that current trajectory is not 100% surely conforms to the rules of an impulsive structure Just be aware and don't buy at the tops))

UnknownUnicorn3382580

The pair shows a strong momentum to the downside. There may be a short-term pullback to the local impulse that has already broken out for the prior structure.

UnknownUnicorn3382580

I have marked the alternative view by the analysts of EWI - marked as a triangle before the pair resumes to the upside. What I have been observing for at least last 5 years - that those assumptions 80% prove to be false. The triangle is a wild beast - you may no try to trade it until it complete and you have a confirmation. Otherwise you should stay aside. I am...

UnknownUnicorn3382580

My assumption is that the latest ups-and-downs are a correction, and we will get a similar move to the downside as shown on the chart Good luck and have a nice trading week!

UnknownUnicorn3382580

Hi I see the price trying to complete a three wave correction, as shown on the chart. If I see the reaction to the downside, I will short. As soon as the pair moves to 1,30, shorts will be growing like a snowball) Will see. Trade with stops. this is the bloody rule for every trader

UnknownUnicorn3382580 Updated 

It means that soon we will see the strong movement to the basic target of $133 for the wave 3, followed later by the terminal wave to $150

UnknownUnicorn3382580

I assume such a WXY, price is completing a regular flat - this will be a wave X Please note, that wave C in a flat should have 5 waves, as it is an impulse. Entry order should be below the wave 4 of C. Good luck!

UnknownUnicorn3382580 Updated 

As shown on the chart Structure is incomplete, but the forecast is quite easy at the moment I am short for 100 pips down to complete the impulse (5th wave), and will reverse

UnknownUnicorn3382580 Updated 

I think it is reasonable to try catch the start of the downtrend in Oil. this is wti, will try a) at the end of wave B as shown on the chart - after the 1st impulse and correction on the m5 t/f If not, will wait until price comes to the wB extreme and makes a flag there.

UnknownUnicorn3382580

I assume the correction to be a bit more complicated, but, at the end, an ABC pattern. After that will wait an appropriate price action signal to enter a short trade

UnknownUnicorn3382580

It is likely that we arrived at full 4 waves in the impulse. Minimum target for the wave 5 looks logical at 100, being the prior high and the median of the impulse channel

UnknownUnicorn3382580

As far as the current movement goes, it is resembling a flat structure, with the wave C of it taking the form of an expanding diagonal. If this is the case, then I assume the current three-wave correction to be the wave X in a WXY It will take time before the stock will be charged to resume its growth IMHO

UnknownUnicorn3382580

Possibly. price has completed first wave up, now it is time for a reasonable correction in the second wave, before the trend will resume.

UnknownUnicorn3382580

I assume three wave correction is close to its completion on a senior t.f. Will not be surprised if price will drop dramatically to in a move, equivalent to the first leg down, visible on the chart to the left hand