Just trying to learn elliot waves
We clearly see series of flags on daily as trend-countinuation pattern
Is this wedge formation singla for future uptrend?
AB CD formation, with target on the same area as 0,618 Fibo retracement. After hitting target I will look for short entry
Head & Shoulders formation on support
Target for profit, based on triangle formation is not fullfiled yet. We can see nice retrace to previous support, that is a hint to continuation in donwtrend. I´m expecting another dawnfall to 1.8 area
It really looks like a wedge formation, so I will play for long. Wait for correction to get better risk-to-reward ratio
I expect some resistance on 61.8 Fibo area, that can cause minor - uptrend.
In actuall trend, we can clearly see double-bottoms. After this formation, price moves to resist, which is consisting of 38.2 or 50% fibo retracement. After testing this area price moves down in long-therm trend
Many of you are expecting, that price will fall down after testing trendline. But there is possible stophunting, because this signal is obvious, so I will wait carefully at 1.557 area for priceaction, that will confirm my entry to short
We see triangle formation, support area of double W formation and longtherm trendline, which is support. So, there is the area, where We can expect pullback in longtherm downtrend....