Elliottwavecorrection
ALNY retraction patternALNY showing signs of an elliot retraction. This is further confirmed by the choppy peak and the fact we're trading well above the "trend line"
Position: SHORT
Price target: 47.72 (.382 with some cushion)
Stop: 52.80
Logic: Elliot retracement, fibonacci retracement, trading above its trend line
AUD/JPY Expanded flat? Running flat? Breaking down structure Hmmm as I progress understanding of wave theory, I like to look at the charts differently and expect the unexpected. This to me appears as a "expanded flat" I've quit trading the animals because Ive realized the importance of wave structure! Have a great weekend!
EUR/USDEUR/USD
Over all Direction is Long. Wave C projection, Bearish Cypher, Inverted head and shoulders also rejecting at 61.8 Fib retracement. If price printing above my baseline and a failure to print below 61.8 zone. will suggest that price will go further and finish the Bearish Cypher Projection.