Identical pattern of the WXY correction last week. Only smaller this time. Obviously the resulting impulse too will be shorter than the last weeks.
After a sharp move down , on a 60M chart USDJPY is correcting itself up, I'll wait for a break down to sell this pair.1st target would be 1.27 extension and the 2nd target 1.618 extension.
Since mid 2015, USDJPY has seen significant declines--recently hitting the 104 handle. With that said, there is no indication of any kind of slowdown or potential reversals to the upside given the recent impulsive-corrective structure on the daily to intraday charts. As seen on the chart, the red boxes highlight the impulsive moves that consistently create new...
Price broke a corrective structure and came back to retest it giving us a good opportunity to get short here.Good risk to reward ratio and first target is 1.27 extension and the next target would be 1.618 extension.
Looks like AUDJPY is about to finish the corrective structure and break the trendline which would take the price to at least 80.60 area.From there the E wave completes and probably we'll see a lot of downside movement.Trade your plan.
USDJPY is making a correction on the 1HR chart , you can look to sell the breakout of this corrective structure, or for more aggressive traders you can sell the 0.618 fib at the top if it goes there. Trade your plan
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
AUDCAD Keep look at 0.94000 this zone for long but be careful AUD will decrease interest rate again
EURUSD Have strong C in corrective trend but in Macro Economic or fundamental is not prove for bullish in long term
For my vision i think EJ have Posible for following trend but still strong in Corrective wave
The price action on this index indicates that the buyers ares till present in the market, keeping price levetating within a small corrective channel above 17850. I am expecting another impulsive move towards the even handle around 18000. If buyers are able to push beyond that, 18150 would be up next.
EURUSD has formed a series of impulsive and corrective moves that shows us exactly how much power the bulls currently possess. To clarify, impulsive moves tend to be "strong and fast" while corrective moves tend to be "weak and slow". This directly correlations to the strength of each party's hand. The bulls are in control right now. The push from the bulls are...
Within a steady uptrend, price initially struggled to break above the 38.5 level. However, the immense bullish pressure resulted in a breakout to the upside and a brief intraday pullback shortly after. Price preceded to create a new high and has pulled back to that same role reversal level (now support). It has formed a notable reaction hinting at potential...
Very easy setup. AUDUSD is currently in a medium term uptrend. Dating back to early March, the 0.7400 - 0.7420 handle initially acted as resistance. Price then broke through and found support at this same level (blue boxes). Since then, price has created 3 new highs off of this support level (orange boxes). Look for another bounce off of the 0.7400 - 0.7420 level...
Strong bearish trend. Prices are holding around 159.800 (Red zone). Great for a quick 2.7R:R. Could be a role reversal level but seeing there is a strong impulsive bearish move on the 3/22 5:00 UTC, the following moves are very likely corrective moves. Allow a few extra pips for some breathing space given that this pair is extremely volatile. Looking to enter...
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...
I'm expecting price to bounce off the trendlind and make one more downward movement before shooting up and breaking the trend line. If price bounces off trendline and consolidates, it would be a good and sure short term sell, followed by a good and sure long term buy.