I am waiting the chart form a bearish corrective pattern on smaller time-frame. EUR is overvalued(I think so). Technically considering bigger time-frame we are in corrective period and price should fall.
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.
higher time frame is in channel range uptrend looking to breakout strong mid time frame is showing positive price action- showing higher highs and higher lows along trend line rising rsi and positive volume pressure-trading above value area showing strong momentum lower time frame is showing price action showing uptrend with weak correctives moves meaning bulls in...
I was reading over the weekend and really trying to understand how to identify inner waves of the larger Wave to get a better idea of structure inside of waves. Another area of learning for me was the correction waves, going over simple and complex and that brings me to this example here. As we are coming off a large 5- Wave completion, we got a ABC correction...
Trend D1 Up Trend sedang corrective target sampai 60 % Fibonacci Retracement, Open entry Sell diharga 0.76668
Getting short some $BBY here. Staying away from options as earning are upcoming.
Membentuk gelombang corrective pada trend up
Membentuk Gelombang Corrective pada trend up
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...
it is a complicated corrective pahse abcde, now AUDUSD is heading to e to complete the corrective phase. Then we might have a BIG move to the downside. Selling opportunity will be around 0.78 area. Happy trading
Bearish trend movement for the past few days after price rejection at 50% Fibo lines. Range movement occured at top trend line creating new resistance line. "Higher highs trend" seems to have ended causing price to fall to the bottom trendline. Im expecting a BOUNCE or RETRACE before breakout below. :)
The bids came in heavy around 1.23, catapulting price up to 1.25 in a short period of time. Looking to go long on pullbacks towards 1.2450-1.2460 with primary target around 1.25 and extended target at around 1.2650.
Looking to short this pair if we get a pullback towards 0.8520 without breaking the lows around 0.8495. Primary target will be around 0.8500 with extended target all the way down at 0.8400.
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.
NZD/CAD is also in a period of consolidation, looking for a breakout of the corrective structure to the downside. My long term bias is this is a bearish pair and will look to enter short on the breakout.
The same pattern is visible on all GBP-crosses this morning. Strong counter trend impulsive move closing below/above swing high/low, indicating the counter trend players have had enough and want to see a stronger pound. If this structure holds and we see a pullback towards the short-term corrective structure top I am looking to go short around 0.89930, targeting...