UnknownUnicorn3397093

UnknownUnicorn3397093

It seems that downtrend is continued until the c-wave of zigzag complete its last 3 wave which can fall not less than 114.06 level. base on Elliott wave analysis I expect for the price to rise after zigzag is completed to start an c-wave of zigzag in the larger degree. Please remember to like if you are agreed with the idea. Good Luck.

UnknownUnicorn3397093

Base on Elliott wave analysis we are facing a zigzag pattern with an a-wave which is almost completed. As it is demonstrated on the chart above, in the best scenario we will have a zigzag with 50%-61.8% fib retracement for the b-wave and then 50%-61.8% fib extension for the c-wave. On the other hand we may have a zigzag with a very short b and c waves that it...

UnknownUnicorn3397093 Updated 

As It has been mentioned in the last idea from this pair, price has reached to the 0.71123 level. But impulse wave has not been completed therefore there is a possibility for the price to continue downwards to the 0.70562 or 0.70338 level. After a short upwards movement to complete the 4th-wave but NOTICE that this could be a correction in smaller degree of...

UnknownUnicorn3397093

Price is going to complete a zigzag pattern; as you can see, a-wave is almost completed and probably after a short rise it will fall and create the b-wave. I guess that price will at least fall to the 38.2% fib retracement level which we also have a resistance level on the end of the iii-wave.

UnknownUnicorn3397093

Hello Traders Pattern is creating a contracting triangle. After the price pass the 61.8% retracement level at 1.26856 we could be sure that the pattern is not a zigzag. The triangle is the y-wave as a double/triple combination. whether the future pattern is an x-wave of triple combination or start a new wave in the larger degree, we have a bullish trend. I put...

UnknownUnicorn3397093

As we had Expected before the price reached to the 1258.061 level. Pattern seems to be completing the b-wave of a zigzag. we have possible support lines at the 1234.396 ( 38.2% Fib retracement) and 1226.908 ( 50% Fib Retracement) levels. If the movement of the trend is strong it will be quite possible for the price to reach to the 1226.908( 50% ) level. It is...

UnknownUnicorn3397093

Price is reached to the 1.14363 level as it was expected. It seems that we have a bearish trend in order for c-wave of flat to be completed. 1.2732 level is important as it is 100% Retracement of b-wave and 161.8% Extension of 1st-wave. But we have to expect that price reach to the 1.12567 level in order to complete Y-wave of larger degree. Notice that price could...

UnknownUnicorn3397093 Updated 

It is a 5th-wave of an impulse. we expect that price rise to the 61.8% Fib Extension of 3th-wave. But it is possible to have a movement beyond this point and reach to the 78.6% Fib Extension level. Base on Fib Speed Resistance fan it could take 2d 4h for the price to rise to the 61.8% level and 4d to reach to the 78.6% level.

UnknownUnicorn3397093 Updated 

It is a triple combination that ends with a contracting triangle. trend after breaking the lower line it has come back and retraced the line. it is probably a bearish trend.

UnknownUnicorn3397093 Updated 

We have an impulse wave that it could be the b-wave of a zigzag in the current degree or the 1st-wave of the c-wave of a flat in larger degree. Either way it seems that we have an bullish trend. how far it goes, will show us exactly what kind of wave we are facing with.

UnknownUnicorn3397093 Updated 

After 7 days sideway movement for b-wave, the pattern has been completing the c-wave of a zigzag. It is a bearish trend but I think we are not quite there. It is possible that price reach to the 0.71872 level that is the 38.2% Fib retracement of 1st-wave. the way for trading in this situation is to put a sell limit order at 0.71872 and consider the possibility for...

UnknownUnicorn3397093

It is possible that price is creating a zigzag pattern and we are waiting for c-wave to complete. the b-wave is a running flat with a large b-wave and a small c-wave that could be a sign for the c-wave of zigzag to be a sharp movement. we consider the 0.98658 level as our target which is the 100% Fib extension of a-wave and it is also placed at the end of the...

UnknownUnicorn3397093

Base on Elliott wave analysis, it is the 5th wave of an impulse. wait for the 4th wave to complete then open a short position.

UnknownUnicorn3397093 Updated 

It is probably the 4th wave of an impulse. There is an Important past supports and resistances level and it is also placed at the 38.2% Fib retracement and the 4th wave of lower degree. possibility for the price to reach to this level is high. after that price will rise to complete the impulse by making the 5th wave.

UnknownUnicorn3397093

It is a c-wave of a flat so we have an impulse wave that moves opposite of the main trend. Wait for price to reach the orange line and then open a long position. but you should consider that there is a possibility witch price reach to the red line.

UnknownUnicorn3397093

Base on Elliott wave analysis the pattern is creating a zigzag. complete explanation is mentioned on the chart. Note: All the fib levels are shown on the chart are also important as a past support and resistance levels.

UnknownUnicorn3397093

Pattern is completing a zigzag pattern. b-wave can retrace maximum 61.8% of the a-wave that there is an important support line exist in this level, But we also have an important support line in the 38.2% level. it is possible that price only reach to the 38.2% level and then return. the best trade is to wait for 38.2% line to touch and then open a long position....

UnknownUnicorn3397093 Updated 

It is a Y-wave of double/triple combination. The pattern is going to complete the b-wave of zigzag. we have a retracement( maximum 61.8% of a-wave) this line is the important support so there is a big chance that price retrace to this line, after that we have a downtrend as a c-wave of the zigzag.