This one might take a while. Correction in progress. Maybe the Dollar is correction too.
My Two Cents: USDCAD Will be looking to retest the 1.36 Level one more time before Supply over powers demand Weekly : Price Testing Cloud Zone - Rejected Once Daily: Price is starting to retrace from a daily consecutive bullish trend 4H : Reversal in effect 1H : Double Top Is Clear Now to confirm this sell, I will wait for a clear impulse down. Followed by...
NZDUSD was in a uptrend for most of the year 2016. Head/Shoulder pattern to the downside is completed. It broke the neckline. This pair is currently in a downtrend and will break or reverse when it hits the 0.70 Level which is on a major weekly trendline . I am bearish on this pair in the long run Watch for the Fed
Price is approaching the high of July. If price penetrates through the neckline, expect oil to reach new highs ! I'm Bullish on Oil, carefully watching 51$ mark !
NZDUSD is currently consolidating after a strong impulse to the downside. The strong impulse down comes after the Fed increasingly confident about raising rates in the coming weeks. The next impulse might come soon or later.
We're looking at a big corrective structure on the 1H chart. This looks like it's ready to go on an impulse towards the upside. Trend reversal perhaps ?
The price might be looking to retest previous lows. Watch for a market reversal sign once it reaches that level.
Wave 5 is impulsive and will likely fall even lower.
When the world starts reacting to any major news i always see a spike in Metals as they tend to want to invest in something solid instead of world currency.. how people trade the news. I just count the waves and trend line . It seems more probable that it will go long in the next day or 2
This looks like the end of the downtrend for the USDCAD. Since the previous structure failed to create a lower low we are now reversing into a bullish trend. Wave C will form a Bullish impulsive wave. Let's wait for the price to hit the previous low before entering the trade or wait for price to bounce off the bullish trend line Buy Stop @ 1.2750 Stop loss @...
USDCHF is bouncing off a strong support zone and will rebound to the next major resistance zone which is going to send the price to 0.96269 and higher Risk Reward 1:3 Stop Loss 0.95462 Take Profit 1 : 0.96269 Take Profit 2 : 0.96770
Eliott Wave Entering wave 3 or wave 5 of the complete basic wave pattern Silver Hello good afternoon traders, i used the Fibonacci retracement tool to help me understand the retracements on this chart. After Wave 2, the Market continued to sell. Wave 2 ( a corrective structure ) is correcting Wave 1 and the Fibonacci retracement shows that clearly. It...
I believe GBP/USD will take a dip before it rallies up with authority. What do you think ?
Harmonic and Wave Analysis This Structure worked out great.
This is a harmonic pattern inside a downtrending channel. This it beautiful
I am not an expert . Simply a student of the theory and i try to practice to understand this better. My Eliott Wave brothers might see this move as the end of a correction since the trade broke out of the main down trend which may explain why we're seeing a new push to the upside. What do you think ? Please comment or share your ideas. Thanks everyone !!