Elliottwavecount
EURCHF analysisI think the corrective wave two on EURCHF is now complete with a complete breakout of blue channel on wave AB and a clean retest on wave BC.
Impulsive wave three now looks clear.
DISCLAIMER:
This is only an idea and must not be taken as a trading signal.
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US500- Get Ready-Thrust Upside Can Lead to Wave 3 DownsideFor Educational Purpose
Last Price- 3480 / 20:29 Hrs IST (Indian Standard Time) / 19th Oct2020
Wave (iv)- Penultimate wave -unfolding as a triangle then next wave should be the final thrust upside - only criteria is top @3588 should not be crossed for current wave count to be a valid count
Expecting
One push upside close to 3550/3570 to finish wave-(v) ( Crossing above 3506 highs)
Once wave-(v) done & holds below 3588 highs then we expect larger degree Wave-3 to unfold below 3588 tops
Wave 3 should travel 161% of Wave 1 distance downside giving us minimum target 3100 / 2950 later
Weekly EW Anlysis of CDEVI was looking for stocks that may collapse or provide 100x return over the next few years. Centennial Resource Development has both potentials.