3-WAVE
[EW] ASX:FMG correction nearing completionHi everyone
FMG has been in a minute degree correction since 7-8th Jan, it played out as a running flat (?). Seen a few of these across various charts and they're supposed to be rare lol.
Anyway, all the necessary internal waves seem to have played out which given the high degree .618 point of 18.82 leads me to believe this micro fifth will truncate, and begin the minute fifth.
We will see very shortly!
NFA, DYOR
US500: Correction before the 3rd WaveS&P500 has entered a new bullish cycle and is now in the 1st motive wave. After reaching the resistance price can retrace back into its 2nd corrective wave and possibly reach back the previous support before heading into new highs with the 3rd wave. This is the most likely scenario that can have place. Get ready for the upcoming week so you DON'T miss the Long opportunity !
Trade Safe and Best of Luck
MacroForex
#GME GAMESTOP Updated Chart Print 3/25/21#GME Don't Worry Apes🦍🦍🦍 We will be back to pick you up, on the way to the Moon 🌛🌛🌛 🚀🚀🚀 @GameStop @gamestopcorp #Retweet So the Apes Kno! #BullRun to the mofo MOON!!!
This was drawn out over a Week ago... Same trend as Bitcoin over 2 years, But of course much much shorter time span. Bullish Pennant... Elliot Wave
📚 The Perfect Impulse - Correction - Impulse 📚NZDUSD has recently given us the perfect impulse, correct, impulse move, which is probably our favourite pattern to trade.
The market moves in waves. There's an impulse wave, followed by a brief period of consolidation/correction where buyers and sellers accumulate their orders. This is often followed by another impulse wave in the same initial direction as the first impulse.
The great thing about these patterns is that we can have a clear stop placement, which is above the correction. If you have a closer look at this chart, you will be able to notice various impulse waves followed by corrections.
Do your best to find them in your trading!
USDCAD: Can S become R, you decide !USDCAD is into bearish movements and now it's retesting the resistance zone that was once acting like a support. Moreover, this one is preparing for its fifth and final wave so a short position might be entered here. Trade Safe
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MacroForex