yafrosi88

yafrosi88

It looks bearish.I think we would see another bearish impluse wave, after breaking (d) of a 🔺️ triangle. If price goes up and passes (c) , the pattern is then canceled.

yafrosi88

Leading diagonal has formed a wave and now we see b as a flat. If the price doesn't go below (a)3615, I think we may see c wave of (B). It may come strong and quick

yafrosi88

It looks that ABC correction movement is about to finish. My focuse is to see lower low and no up thrust to exceed the previous top,3452.

yafrosi88

It looks the Ethusd is now forming W4: the last wave of ABC. I am waiting to break the last support to get a signal W5 of C is done. Then , we could see the formation of W5 .

yafrosi88

US30 is forming A flat pattern, and the price might reverse and go north with a bullish momentum from the point of Fibo extension 2.61% The pattern is canceled if price goes beyond 3.14 Fibo extension , as shown in the chart.

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DXY formed ,as shown, a five waves as impulse and a 3 waves abc correction, and that corrective move shows a good respect of the last bearish wave and make "throw under" . DXY IS still not good enough to buy until price passing 101.783.

yafrosi88

Let's see how Gold would react .if gold is shaping wave 4 as a triangle, we may witness a quick move to 2517 to form wave 5 and finishing either (1-A) .

yafrosi88

The price formed a Leading Diagonal ( 1-A) then retrace to 78 fibo which could emphasize the LD , then forming a wave 3.Now price is shaping wave (1) of wave 5, and I am waiting to see ABC correction , before heading south to finish waves no.(3)(4)&(5) of wave (5) to finish wave (1) as a first motve wave, OR wave (A) of ABC correction pattern.

yafrosi88 Updated 

I think price is forming an ABC correction, heading south to 61 fibo of the impulse wave. closing above B wave cancels the idae.

yafrosi88 Updated 

this could be a short term trade,price may go north to the upper trend line and may go beyond if wave 5 extend.

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I think long position is a good option now for a simple reason. wave 1 of the ongoing bullish trend retraces to 61 fibo forming a wave no.2. in fact, I am in a long position from price 1732 and manage my trade to 1850 minimum. Wave 3 ,as Elliot guidance refers,would extended to 2.61 fibo of the Wave1, or at least, 1.61 fibo. time will examine idea accuracy. ...

yafrosi88

this idea is to be archived and idea may not 4 trading,in fact, I am studying Elliot Waves and find this platform is a good way to retest my thoughts. why Long? on a daily frame, I found the 12345 waves have finished and wave 5 had an extension so wave extend from 2.61 fibo to 421.6 fibo,achieved on a price .9909 . I think it is a time for an ABC correction...

yafrosi88 Updated 

the daily bearish trend had been broken,and now price may revisit the daily demand zone and price could go north - bullish .

yafrosi88

The pair reaches a 23 fibo correction wave and may go south to visit the golden ratio of 61 fino, if you may interested in this trade,kindly stick with SL max +20 pips .

yafrosi88

This stock on a monthly frame is in a strong demand zone and on a daily frame a nice bullish movement formed and this COULD be a momentum sign for further bullish mode. So, We need a close look on this stock: market is still risky.

yafrosi88 Updated 

The cross is on a bullish trend and is coming up from a nice weekly demand points,so I think the pair will keep up bullish momentum and goes north,targeting the last supply zone on a 4 hr frame and may go beyond to touch the upper trend line of a channel.

yafrosi88

price goes south for a long time and now it is about to touch a monthly frame trend and that could work as a good support for price to recover.

yafrosi88 Updated 

AUDNZD shows a bullish movement and records a new high of 6 months,so i think this bullish mode will go on and price may come back to a zone shown in the chart,then we can make activate a trade.