Resuming from previous Crude oil Post in the blog, check it from what's happening section... We at that time just had an idea that the developing correction could be a triangle but in the recent trading sessions, it is really very clear that the current correction is most possibly a triangle (Elliott wave Descending triangle) and within which the waves ABC have...
Resuming From Gold monthly analysis, check it from gold analysis section under Research Edge As the structure warrants, markets always tells us what to do...! the triple three within a triple three has been completed and it is time for an interim rally The gold had bounced from its strong support area @ 1043 levels and this is the main reason for the...
The market have got into the possible reversal zone projected by Fibonacci external retracement levels. This zone also contains major and minor trend line cross. Fibonacci time extensions from last medium degree highs pivots as the wave B and wave 1 appear to match possible reversal day with in the wave (iii), and previous highs of wave (3) and wave 1 Fibonacci...
Hello Traders! Sell Limit - 1.44049, S/L - 1.46000, T/P - 1.44000 Best regards, Powerful Traders!
Hello Traders! 2-nd variant! Dear Trader Johnm600, you we're right! Aussie is in the 3-d wave! Local target - 0.60000 Wait next variant >>>
Hello Traders! Sell limit - 1.09134, S/L - 1.09900, T/P - 1.06000 Best regards, Powerful Traders.
USDJPY has completed a possible ending diagonal at the PRZ of a bearish crab pattern. Ending diagonal target is confluent with the unhit daily pivot. Entry is placed at 1.618XA with SL above 1.786XA and target at Wolfe Wave target line and beginning of ending diagonal. Target also confluent with unhit daily pivot for 1/22/16.
EWA/EWP & VOLUME analysis! FLAT &SHORT!
Hello, "El Dorado" Traders! Best regards, Powerful Traders!
Hello Traders! The weekly forecasts prepared at the personal request of the Trader - AdeOluseun! Dear traders, we ask you to be careful with USDCAD currency pair, as the market is currently highly overbought on daily chart and we see by means of EWA/EWP, Volume, Cluster&Delta, Market Profile analysis, that major market participants lose interest in the growth...
Hello Traders! 6A (AUDUSD) - The downtrend is confirmed! As we mentioned earlier, If the price break throw 0.68899 - downward tendency will continue! (EWA/EWP) Main target 0.65956. Sincerely yours, Powerful Traders!
Strong suspicion of a downward trend! Breakthrough the price 116.000 identify trends! Be careful! Best regards, Powerful Traders!
No comments... Just 1-st variant of possible price progression near future!
Wave (b) of Wave C of Wave B in progress as per previous count. Wave (b) is not yet complete. Wave (c) can finish in 3 of 5 waves pattern. waiting for Wave (b) to complete to project approx. end of Wave c, hence Wave b.
Hello Traders! The very interesting situation in the S&P500 index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT 3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L...
USDJPY has completed a bearish Gartley pattern in a corrective wave structure. The flat correction may be treated like a double bottom so that a long trade can be entered at the .618 retracement of CD, a common Gartley target. The 1.618 extension target for the 2618 trade coincides nicely with previous wave 4 resistance and serves as a nice TP zone. A short...