kitsunamata

kitsunamata

This is a choppy 5 wave move to the upside(diagonal), so it's not really reliable as an impulse to the upside but this came after another larger diagonal to the upside. So this is a potential 1-2 setup in a larger 1-2 setup with a substantial third wave rally to come. Risk to reward ratio is very good as we are now very close to the the support box for long trade...

kitsunamata Updated 

After a potential triangle formation that is complete in the larger timeframe, price rallied in 5 waves and came down in 3 waves. The 3 wave correction looks complete and so far it held the relevant support level(black fibonacci box). Therefore price is ready to rally in a third wave targeting at least 0.11 dollars. To confirm, it needs a first smaller impulse to...

kitsunamata

after a 5 wave move down(indication of downward trend) neo pulled back in a corrective abc structure(with overshooting b wave). this correction looks complete as it came into the grey fibonacci area with c wave completing all 5 waves in an ending diagonal. There is a good chance that the top is in and price is reversing in this grey fib area. breakout of the blue...

kitsunamata

support level held after a larger 1-2 setup and gave another smaller 1-2 setup that i assume is the beginning of a third wave rally. a final low is expected in the grey fibonacci area to complete the corrective wxy structure before turning upside in a potential third wave rally with a target of at least 0.7 cents.

kitsunamata

After a nice 5 wave rally, it seems like price has completed or almost completed a nice corrective bottoming structure. Price ideally needs one more low on the lower time frame count to complete the structure even though it has fulfilled the minimum requirements for this correction. Price soon has good chances to rally from this black fibonacci area to at least...

kitsunamata

price likely topped in an abc structure and came down impulsively breaking relevant support levels. price then came up in 3 waves only into the resistence level for the second wave(suggesting a corrective move to the upside). therefore it is valid to count this as a valid 1-2 setup. the relevant short area for this setup is the black fibbonacci box and the target...

kitsunamata

This is a 1-2 setup with an ABC bottoming structure potentially complete

kitsunamata

a potential 1-2 long setup(the low not confirmed in lower timeframe)

kitsunamata

1-2 setup in a larger 1-2 setup of a potential wave 3