ADANI TOTAL GAS IN 5th wave on Daily chart . after making contracting triangle in wave 4 now its moving for wave 5th
Ripple is probably forming a Triangle pattern. I won't be jumping into a trade and will wait for market to break the purple b-d trendling a confirmation. Targets for next wave is clear if our trigger confirms.
Oil looks to be still in the contracting pennant. And likely this will try to move to the upper range of the pennant. The green lines I am leaving in which were drawn in the past upon the initial green line. I leave them so I can see for myself what my "speculative" analysis is. By speculative I mean there is no technical evidence to support this hypothesis...
As you see, EUR has formed a rising wedge along with two divergences in MACD and RSI. Also there is a contracting triangle in RSI. So you can make a good profit!
measuring the thrust of the triangle we can project an upside target for the bitcoin at 72000 levels for the medium term Once the Wave-E ends, we can see an upside thrust for wave-5 subscribe to wolfanalyst where I explain how to identify and project future prices for any financial instrument using the elliott wave principle Please Subscribe to learn elliott...
No guarantees - the 3-day time frame may be important. It's a bit late to enter long now.
The video shows a contracting wedge into a zone of congestion. This is sometimes a reversal pattern. I make no predictions. I explain carefully about losses and risk management of this situation. Disclaimer: This is not financial advice or an encouragement to trade in securities. No liabilities accepted. Your losses are your own. This means you sue yourself...
Expect some activity above the trend line - basically becomes a bull trap. Bulls buy expecting BIG profits, only to have their dreams dashed. New Short oppportunity. Riaan
An analysis with a pinch of sarcasm ;-) Either way the 1 hour doesn't support much upside and this remains a bear flag so be careful out there
Good Afternoon, Been looking for this set up for a while now. Waiting for price action to retest trend line for confirmation to go short. This is a longer term trade, if you don't have a finalized entry expect your position to swing against you. This is also a trend continuation trade, AUD/USD is bearish. Look for confirmation to enter, I also advise you to...
We see price is contracting and we might get a breakout in the future. but for now there is a shorting opportunity if we get a trend line break we might get a nice ride down
Contracting triangle in the position of a corrective structure. Leg E should outline the last lower right point in a triangle so decline should be limited in this case and at worst tease us with a bounce off 0.02577 area. 0.02577 being a safe floor in my estimation, might be retested and, if defended, will signal the upward impulse and consequent triangle...