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Abcpattern

ABC PATTERN IN EURUSD - WEEKLY CHARTHey Folks, Thought about sharing this idea to you all of what my plans are for the following months. More upside in the EURUSD and at some point we will finally have the bearish impulse down to the 78.6-88.6 retracement area from the last rally in Monthly chart. - Hey Chicos, Pensé en compartir esta idea de cuál es mi planificación para los siguientes meses. Más subida en EURUSD y en algún momento tendremos el nuevo impulso bajista hasta los niveles de retroceso 78.6-88.6 del anterior rally en gráfico mensual. Carlos
by ccerezo11
13
Corrective wave in play but EUR BULL's should return...Hi All, We've seen some nice moves from EUR over the last few days giving support that EUR BULL's are definitely in play. However, looking at the updated count, a retracement is due after an impulse which plays out nicely with a gap due to close. Updated count: Count update (Big Picture): Wave 1: From the bottom, a leading diagonal impulse. Wave 2: Running Flat Wave (1) of 3: Latest impulse with the round 1 results of the French election as marked in blue Wave (2) of (1) of wave 3: A corrective ABC is due after an impulse so expect USD buyers to be in play. Forecast wave: If the Macron results in the round 1 elections was anything to go by, I expect the results of the 7th May French Elections (should Macron win) play a massive part in pushing this pair right up Exciting times ahead... Happy Trading!
Short
by donaldsaw
3
DXY - Big PictureBig Picture: USD Index look like it is ready to fall based on the fib and the wave pattern. The only question i'd like to know is 'is it ready?' Wave breakdown: 1. From the top, there is a clear and clean 5 wave impulse down. 2. From the bottom, I have marked out a fairly clear corrective Flat (5-3-5) wave structure. 3. Of the corrective ZZ, A vs C ratio has extended to 1.618% - a usual termination point. 4. Retracement of the impulse has hit 0.618% Let's watch and see what happens but signs are that USD is about to drop. Happy Trading!
TVC:DXYShort
by donaldsaw