Weshareio

Weshareio

We're in the wave 4 phase, we can anticipate a wave 5 completion soon. The wave 4 often bounces at 38,2 level but also keep in mind of the 50% level. If wave 4 retrces at 38,2 we can expect wave 1 and 5 to be equal.

Weshareio

We can expect further sells from nas100 as a wave 5. The wave 4 is a triangle correction pattern. Wave 5 is always a motive wave( 5 waves ). Note that the wave 1 and 4 are not overlapping. We often use wave C as invalidation level on a triangle pattern.

Weshareio

The price is in a bearish zigzag correction pattern. Often times waves A and C are equal so we can expect wave see to further drop as time progresses. The wave C is a potential Ending Diagonal pattern the wave 2 is most likely over as we touched the 61,8 Fibonacci retracement level.

Weshareio

Price is trading in an impulse phase, projecting a potential wave 4 minor drop then making a wave 5 high. Wave 2 retraced more than 61,8 Fibonacci level which tells us that wave 3 will complete at 2.618 Fibonacci extension level. Often wave 4 retraces 38,2 of wave 4. Also, keep in mind a base channel.

Weshareio

The bullish bias is still in play, and the A-B-C zigzag correction retraced relatively deep to close to 78,6. We have an invalidation level for the bullish bias key to focus on it.

Weshareio

Price is currently in a Zig-Zag correction pattern. We can expect further sells to occur. We have both waves A and C as impulse pattern on the wave C we can soon see wave 3-4-5 complete before the next rally. Waves A and C are usually equal we have to keep that in mind, so price doesn't reverse without being aware why it reversed.

Weshareio

Price is trading in an impulse pattern, we have wave (4) as a triangle pattern expecting a sell-off for wave (5) completion. We often use two techniques to measure the end of a wave (5) Fibonacci multiple as well the wave (1) price distance as waves 1 and 5 are often equal.

Weshareio

We're looking at a bearish corrective pattern. We are in a wave A which can potentially reach 38,2 Fibonacci level. We can expect a minor drop next week before the wave B correction. The wave A is clear impulse pattern waiting for the wave 5 completion.

Weshareio

We're in an impulse phase, we're currently in a 5th wave phase. The wave 5 could be a potential Ending Diagonal pattern.

Weshareio

Double correction formation in the upside direction. We're trading in the last leg (Y) potential A-B-C zig-zag pattern. The long side won't last too long we have to anticipate the price to reach the 78,6 Fibonacci level. Often times waves (w) and (y) are equal we can use that idea to look for wave (y) target which in this case correlates well with Fibonacci level.

Weshareio

We're trading in a wave 5 phase, further sells expected. Wave 5 is always a motive wave(1-2-3-4-5) we already have a 1-2 scenario where we can expect a sell-off as price is trading at 61.8 Fibonacci retracement level.

Weshareio

More sells anticipated on Gold, we are in a double correction on a higher timeframe/ Degree. Potential impulse pattern on a wave (C), we already have a 1-2 sequence.

Weshareio

First bias we are in an A-B-C zigzag correction where waves A and C are equal After wave C we can expect the price to start selling. The second bias we are in an impulse pattern, of which we are in a 3rd wave phase which could be projected to 1.618 Fibonacci extension level. What do you think what's your view? - Zig-Zag correction - Impulse pattern

Weshareio

Sell continuation as a Zig-Zag correction pattern. We can expect price trade down to 50% Fibonacci retracement before we can start wave 3 formation.

Weshareio

Further upside can be expected from USDCAD but we should wait for a minor correction before considering the long direction as of yet. We can expect a classic A-B-C Zig-Zag correction. The impulse pattern lasted longer than expected, with an extended wave 3 projected to about 2.618 Fibonacci levels.

Weshareio

Further upside can be expected from USDCAD but we should wait for a minor correction before considering the long direction as of yet. We can expect a classic A-B-C Zig-Zag correction. The impulse pattern lasted longer than expected, with an extended wave 3 projected to about 2.618 Fibonacci levels.

Weshareio

The USDZAR seems ready to be bullish, no long ago we anticipated a correction for wave (2) which then occurred and traded to a 50% Fibonacci retracement. The upside will last a lot longer we can expect it to break the previous high with a Fibonacci projection of 1.61.8 as that is common for wave 3s to extend to that level.

Weshareio

My focus is on the unfilled gap from last week, also we have majority of traders long.