Bullish Long term EURAUDThe price has finished the 12345 Elliot wave. We can see a descending triangle, now I'm looking for a long to the target of 1.4140.
Abcpattern
Consolidation at the handle with a bullish BTCThis is a zoom of the handle forming, after the 1/3 retracement for the (A) corrective wave ended, and now ahead of schedule this is the uptrend (according to my point of view) to form B (impulsive wave) and their possible targets in fib levels.
I attach below the central chart
USDMXN buy the pullbackUSDMXN will show an opportunity to buy after ABCD bearish pattern completion.
21.39955 is matching the D point and one support that previously was a strong resistance.
Long at 21.39.
- TP1: 21.61956
- TP2: 21.83723
SL below 21.3
ZOOM OF THE HANDLE PATTERN AND BTC UPTRENDThis is a zoom of the handle of the pattern in formation after finishing the cup.
Possibly we enter inside a channel by the approach of the Bollingers and then form the wave B (impulsive) with those possible targets.
We continue in the fourth and final phase (consolidation) to then correct B with the formation of C (2) and finally break up the resistance level of the handle and go in a bullish and strong direction towards wave 3.
Thanks to followers and likes
ABC Correction on USDCAD weeklyHey guys! Look at this formation. What do you think? As for me, it's a good Elliot wave ABC correction we might have here. On daily chart, am looking for an entry. We can see the 3 black (red) crows candlestick pattern. Aggressive traders can go short now and build the C impulse. Conservative can wait for the C impulse to complete. As for me, no time to wait.
GBPJPY goes into buying zone, BE READYI think the yellow area, is good area for LONG. since this area are solid cluster, there's a previous low, there's 61.8 retracement and also there's 100% extension of ABC... Will update again soon!
Cheers
ABC Correction EBAY after impulse wave maybe ABC correction.
after trigger in the point C possible Long position was entered.
Possible ABC correction with AMZNPosting what looks to be a bear flag / possible ABC correction with AMZN. Starting with a safe target of 700, but I expect this to go much lower. Weekly, and monthly chart looks pretty parabolic. I am also pretty bearish with the major indexes as well.
DXY - 5th Wave completed on Daily! Correction StartedI see correction wave (A) has started on Daily chart.
RSI reached the overbought zone and now reflecting. Stochastic did as well.
First goal is the previous structure's high @102.04
Bearish Bat Pattern Setting up on EURJPYThe EURJPY pair has been on an absolute rocket ship recently, looking at a potential opportunity to short here. An aggressive entry would be right at 123.40's, I like to wait for conformation from price action at advanced pattern completion points; however, this is just an idea, one should not trade this set up should they not have a trading plan specifically for these kinds of set ups!
YELP - Potential for more downside short termPotential for more downside short term to under 30 before continuing to rally to upside next year.
Gold in the potential reversal zoneGold has reached the 1170-1160 zone which is the potential reversal area after abc correction move. We have structural as well as the fib very important levels there so looking forward for upward breakout or bullish structure to confirm.
EURJPY SHORT 4hEURJPY SHORT 4h Chart
1. XABCD Pattern
2. Channel Upper Line
3. Resistance Daily+H
Good Luck!
AUDCAD Sell setup & Possible wave formation.ABC Pattern in AUDCAD is completed. Please trade carefully.
GBP/CHF buying opportunity GBP/CHF has delivered new high with what I believe could become the first impulse in A-B-C EW progression.
Wait for the corrective pattern wisely and get on the bullish side.
USDJPY might be not bearish ?I got the feeling, USDJPY is seen as short for longterm. Considering monthly timefrime I could imagine, that last sell pressure was kind of reaction to long uptrend. So the sell off might be an ABC correction to EW from year 2012 to 2015. Looking at wave 5 of that EW, where much bullish activity has been and much activity during wave C of ABC correction I could imagine, that USDJPY is not really bearish.
I know, this is not useful for trading at the moment, but I would be quite cautious to step into shorts.
I painted some levels, that might point to support and resistance zones. Regarding how USDJPY run through that zones on way up and back down, it looks to me like aggressive buys and, as reaction, sells to save profits.
For long view I think USDJPY might start another move up.
What I like is the geometry of the lines in EW move up and ABC move down. They look quite parallel. This makes the idea more valid to me.
Waiting for Sell OpportunityWaiting patiently for this pair to correct up to our trendline. Be patient people, no early jumping.
Shortterm downsideSee some more downside ''Possible C-wave'' completion
Potential move up near-term..
Watch for possible ''ending diagonal''
on lower time frame for market reversal
