BNP Paribas (BNP - Paris) - ABC wave patternBNP Paribas (BNP - Paris) is in ABC zigzag wave pattern. C wave is in progress. 2nd wave is about to end and after that it should running down faster in 3rd wave. It is also under-performer to CAC40 index. It is in severe downtrend with almost no bounce within last 3-4 week. Good sell candidate for next move C wave down.
ABC
James Hardie Industries PLC (JHX - Sydney) ABC zigzag wave patteJames Hardie Industries PLC (JHX - Sydney) is moving down in ABC zigzag pattern, where B wave was complex wave. Wave C is started going down with relative higher volume and will form five wave sequence down. It is already completed 2nd wave and going down as 3rd wave with gap on chart.
USD/MXN (USDMXN) - ABC wave pattern USD/MXN (USDMXN) is in ABC flat pattern after Impulse up move, which trying to correct it. B wave was in triangle. Wave C down already started down and briefly broken down the triangle. As a confirmatory move, the price should be moved down faster. Let’s see how charts unfold.
IT40 - Italy index - ABC patternIT40 - Italy index is under-performer index among all major markets. It's in C wave down after flat B complex time taking wave. 2nd wave of C down is in progress and may end anytime soon to go down in 3rd sharper down cycle.
Gold running correction Another running correction and possible new all time high.
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04/04-2020: XAUUSDLets start off with taking a look back at this chart from October 2019:
Heres how the weekly chart currenty looks:
On the 4h timeframe red trendlines highlights both regular and hidden divergences appearing all over this market. ''C'' is a 261.8% extension that was followed by a 15% decline! Considering the huge drop, im expecting this trend to continue and another dip in this market is anticipated.
A trade with stops above the highs targeting the lows would not be a bad idea IMO.
Whats your view on XAU/USD?
Share your comments in the section below
Thank you for reading
USDCAD | Descending Channel..!USDCAD (Update)
In 4h chart Pattern USDCAD forming a Descending Channel Pattern..
Right now it'll become down, and it'll hold the support and then become bullish form..
But aftar a few hr's it'll breakout the Descending Channel..
if breakout the channel then expected target is 1.45285..
Friends, please hit the like button, and write any comment, this will be the best thanks from your side..!!
BTCUSD Elliott & Fractal Theory Abtin00We can say we are completed Wave A of correction and we are ready to make Wave B
We can take long position to 61.8 F2 of Wave A then take short position to or normal Zigzag area
But dont forget stop loss that shown on chart
And for some learning ( we are completed Terminal wave before this correction )
If you wanna learn it cm it for me i will teach you guys some useful method and technic