Elliot Wave USD/CHF Potential Sell Set UpI believe price have completed an Flat correction now watch for an impulse to the downside then a correction to get Short.
Elliottwavecorrection
Elliot Wave DXY Dollar Sell off Set Up Ending DiagonalThere is a strong possibility that we will see a US Dollar Sell off. We have a completed Bearish Bat and price is at a strong level of Supply. Also price is taking the shape of an Ending Diagonal Elliot Wave formation. I am getting out of my long positions where I have been buying the Dollar. Watch for this set up!
BTC Zigag correction. Looking to long between 0.5 and 0.618 fibBitcoin primary count is a standard ZigZag correction (5,3,5). Be ready for a sharp reversal if we get to 0.5 and 0.618 fibs. I'm going long there.
AUD/USD Sell Set Up Corrective Structure Triangle or FlatLook for price to make an impulsive move to the downside then a correction to get short. I believe price is near the end of forming a correction structure that has taken the shape of a Triangle of Flat, Both will point price to move lower
USD/CHF Wave Analysis Buy Set UpWatch for USD/CHF to finish the corrective structure which I believe is a running flat. Look for an impulse then a correction to get long and ride the wave up
EUR/USD Wave Analysis Sell Set UpEUR/USD have been forming a corrective structure. We could be near the end of the scorrection which I believe is a Triangle. Watch for an impulse to the downside then a correction to get short.
Short and Long We have a pattern of 5 complete waves, which in turn form wave 1 of greater degree, now we are in correction a-b,
once the c wave is finished, ideally in 78.6 a perfect Cypher pattern will be formed that will give us a more confirmed entry for wave 2 of greater degree..
also we have 2 magnets in 78.6 level that must be closed
EUR/CAD Wave Analysis Watch For The Sell!Price could climb higher a little finishing a corrective formation before the big drop. Watch for the Set Up!
Correction almost doneSome people didn't think a correction was possible. But here we are, couple of days later, and bitcoin made a much needed and healthy correction so far.
It seems we are currently working on the 5 of the C wave which could end around the 61.8% fib levels. That would be nicely above wave 1 , so valid according to Elliott rules
I will be looking to long when 4 is in and 5 seems to be starting
GBPNZD potentially finished running flat pattern, going up!GBPNZD running flat appears to be done and coiled to move higher but time will tell.
EURUSD short term consolidation break-out Eur/Usd is still in this sideways movement but currently taking shape of a more complex pattern.
Within this pattern I am taking a counter-trend move of buying EUR/USD to about 1.1820 area. I will then be looking to flip my position and play other direction.
WTI (CRUDEOIL) – Target: 88 USD!Hello,
looking for a longtrade?
WTI is good looking at the moment: seems to be a perfect entry-point for a longtrade with target about 88 USD.
In my opinion now there‘s an ideal 1-2 Elliott-Wave-Setup on the WTI-Chart with a double low. This indicates that wave 2 (blue in brackets) is already completed.
WTI most likely is in an intact upward trend in the middle of wave 3 of a higher wave level (purple in brackets, as shown in the charts above and beleow):
Take care,
tgo
Elliott Wave Analysis: Amazon May Start Another Extension HigherHello Traders,
Let's have a look at the Amazon 1 hour chart.
Short-term Elliott wave analysis suggests that pullback to $1646.48 low ended blue wave (2). Above from there, the stock is rallying higher in blue wave (3). The internals of that extension higher is unfolding as Elliott wave impulse structure with sub-division of 5 waves.
Above from $1646.48 low, the rally to $1858.88 high ended red wave 1. The internals of that rally higher took place in another 5 waves impulse sequence in lesser degree cycles. The first leg of a rally to $1725 high ended black wave ((i)) as Leading diagonal structure. Then the pullback to $1682.15 low ended black wave ((ii)) pullback as a Zigzag correction. Up from there, the rally higher to $1841.95 ended black wave ((iii)) in 5 waves. black wave ((iv)) pullback ended at $1791 low, and black wave ((v)) of red wave 1 ended at $1858.88 high.
Below from there, the stock did a 3 wave pullback in red wave 2, which is proposed to have completed the correction against $1646.48 cycle low. After reaching the blue box 100%-123.6% Fibonacci extension area at $1787.19-$1775.77. However, a break above $1858.88 high remains to be seen to validate this view & until then, a double correction lower in red wave 2 can’t be completely ruled out. Near-term, while dips remain above $1769.99 low and more importantly above $1646.48 low the stock is expected to resume the upside. We don’t like selling it and the right side remains to the upside.
AUDUSD complex pattern almost complete, short term upside Short-term upside is still needed for the audusd complex correction
EurUsd Daily Elliott Wave Count & Head and ShouldersExpecting Wave (4) to reach minimum target @ 1.1860 before resuming lower.
Elliott Wave Analysis: VOX in a Turning AreaHello Traders,
Today we will have a look at the VOX ETF in the 1-hour chart.
Near-term the ETF ended the cycle from 06/28/18 low (84.09) in blue wave (1) at the peak of 07/12/18 (88.26). The internals of blue wave (1) unfolded in a 5 waves Elliott Wave impulse with an extended red wave 3, where it ended red wave 1 at the peak of 06/28/18 (85.43) and red wave 2 pullback at the low of 07/02/18 (84.16). Up from that low, red wave 3 ended at 07/10/18 peak (88.04) followed by a pullback in red wave 4 at the low of 07/11/18 (87.11). Up from there, it ended red wave 5 of blue wave (1) at the peak of 07/12/18 (88.26).
Below from that peak, VOX is correcting the cycle from 06/28/18 low, where red wave W ended at 07/17/18 low (86.75) and the correction in red wave X ended at 07/17/18 peak (87.79). Below from there, the ETF has reached the equal legs extreme from 07/12/18 peak at 86.31-85.96 areas where we are now expecting a reaction higher.
As long as the pivot at 84.09 low in our proprietary distribution system stays intact it should resume the rally. We don’t like selling it as the right side remains to the upside in the sequences of 3-7-11 swings.
BTCUSD - still in a corrective cycle, more downside aheadLet's now take a look at Bitcoin technical picture at the H4 time frame. The market has bounced from the level of $6,024 after two Pin Bars candles were made. The rise is corrective in nature and it does not look as the bulls have too much strength to break through the weekly pivot at the level of $6,379. The price is now in a short-term horizontal consolidation and the long-term downtrend is still present. It is worth to keep an eye on all technical support levels at $5,971 (weekly pivot support), $5,900 and the most important at $5,742. Any violation of the last support will confirm the downtrend.
Shorting idea for NIFTY (NSEI.NS)NSE:NIFTY
NIFTY (NSEI.NS) NSE:NIFTY completing wave B of A-B-C flat correction started at 11171.
WaveB estimated to end arond 11045.
WaveC estimated to end around 9951.
Good short, good risk reward ratio.
Disclaimer - the above text is only for educational purpose. You indemnifty me of any consequences you face by taking actions you take based on above.
