ard3413

ard3413

it seems to be in an impulsive phase. wave 5 is starting.

ard3413

look at my pinned analysis and wonder how much elliott wave theory is accurate

ard3413 Updated 

its seems that correction phase is going to end. so i expect a move to upside. it can be corrective to make a complex correction phase, or it can be a sharp impulse

ard3413

the pattern look like a leading diagonal for first wave to the upside. if its true, there will be a correction soon.

ard3413

long based on continuation of uptrend

ard3413 Updated 

the pattern looks like an ending diagonal.

ard3413

short term setup. it is still in the correction phase and we dont know whether correction had been ended or this is just one wave of correction. so its risky, but these risky trades have very good risk to reward ratios worth taking.

ard3413

my previous stoploss was very close to price and i stopped out. lets take it this time.

ard3413

complex price action of NZDUSD. trying to interpret this correction phase.

ard3413

this zig zag is going to make a C wave.

ard3413

divergence trade. this divergence is going to make a B wave of deep correction or is going to continue down trend. both aspects indicating a move to downside, lets join it. note that all of "divergence trades" are risky.

ard3413

it seems that corrective phase is going to finish and starting to continue overall uptrend. but note that there is a possibility for one more downside move before going up. the possible downside move is because of wave 5 of C wave.

ard3413

ONLY a break out of corrective structure is a trigger for going long. target is normal target for wave 3

ard3413 Updated 

one more downside is possible for making a complete 5 waves of an impulsive wave and after that i anticipate a deeper correction to upside for wave B. in this trade i have 2 targets. first is 50% of zigzag and second is shown which is a cluster of fibo ratios.

ard3413

it seems that BUND is going to finish its uptrend and need some kind of huge correction or reversal and changing the overall uptrend this can be a reversal point for correction or reversal. (you have to look at weekly TF) good R/R.

ard3413

the pattern looks like triangle 2 units entry setup with 2 different targets

ard3413

it seems that price has completed impulsive phase and going to correction phase.

ard3413

this trade is based on divergence.