Lower low on H4 interval and sell signal on D1. In my opinion, the correction will reach the level of 10500. There, people who have not made a purchase will have the opportunity to buy more and we will all fly to the moon together
Will be on the lookout for shorts on USDCAD. Get ready for the next wave down. Just ignore if price continues to correct higher. Price could continue to correct for much longer, but so long as it does that will not change the overall bearish outlook. Trade with care my friends :)
The motive waves is has 5 waves in basics pattern. It now in corrective waves and will have 3 correctives ABC. We will have a chance to take an entry sell now or waiting for corrective wave A complete and take BUY entry.
Getting short some $BBY here. Staying away from options as earning are upcoming.
Price has failed to break 1.74800 for wave 3, 5, and B. Heavy consolidation during Wave 5 which was the last chance for buyers to reach higher highs, however price halted and broke the bullish Trend-Line. For B we had confluence with a retest of the broken trend-line and a retest of the supply zone. Looking to see how price reacts to the lower zone, if we get a...
Pretty Simple, seems to be in a ABC correction after a series of Impulse waves! Waiting for the "big short" :) move down. Thanks for checking out my idea! If you wait for a good sell setup you can catch a pretty darn good R/R ratio!
Looking at a 5 day price chart we see price may have formed a top at the 161.8 fibonnacci extension level-which began from the 2009 low, and followed elliot wave theory up to the 5th wave. Now looking for the corrective move to play out, possibly in the illustrated form.
Identical pattern of the WXY correction last week. Only smaller this time. Obviously the resulting impulse too will be shorter than the last weeks.
Life is going through the end while we are lookig for some more pips. The importing things are understanding and feeling it for me. Elliott Waves are terrific and i love to look for them on charts. It is makind a correction. Sell the break out
EURUSD Have strong C in corrective trend but in Macro Economic or fundamental is not prove for bullish in long term
21/02/16 mini crash might be an effect of the euphoria of the previous day and the consensus news. the 15 dollars fall was a correction , the uptrend is not broken and might go near 500 USD in the next 3-4 days . with all thoses good news ( consensus etc etc ) and the global economy issues ( china and europe i am waching you ) i dont see any reason for the price...
In this chart i have contrasted 2 ways to count the recent gold's decline. In blue there is the wave count expressed by the EWI, that went open public in a video released the last week. In black is my view of the wave count (I hold from at least since year or so that this decline have a very significant 3)rd wave extension) Both wave counts have the their's weak...