EURUSD increasing to form the 3rd of the 3rd. Just relabel when it needs! Good luck!
Singtel has been turning on 60 degrees cycle .. next is expected on Dec 14. It has made a higher low on daily chart as in early December, Singtel has worn digital banking licence from the Sg government so this should propel the shares higher. There is a also a clear double bottom from Nov 2008.
This kind of analysis is not easy to visualize. Basically you can see the 22.5,30,45,60 & 90deg cycles (within a ten year cycle) forming over time here. When the cycles meet there are big moves. Starting date is a bit unclear, I began 45 deg previous to the top of the june 2011 bubble. Could move earlier to june 2010 bubble if I had that kind of data...
The larger degree uptrend has already completed wave 1 (impulse in lime green) and wave 2 (ABC correction in red). Soon, we will have wave 3 (the current impulse) complete, which might follow up with a correction (wave 4). If ETH successfully completes wave 3 and then wave 4, we might see a final impulse (wave 5) which will face strong resistance from the downtrend line.
The price should decline even further with a potential leg up without touching the trendline in order to complete the 5 waves and the bearish crab formation. These conditions, with continuous divergence on the MACD, will provide better probabilities for the down move and even more pips to cover, since it will be of different degree. 1) Never risk more than 2%...
Trading is a game of probabilities, not certainties. The AUDUSD has been a headache for most Elliott Wave Theory traders. But we're about to get confirmation on whether we'll see an Intermediate or Minor Wave degree impulse or the beginning of the Primary Wave degree correction. Sounds complicated? Let me simplify: Just wait for the long candle stick that...