After the price breakouts the trend line, you can start open BUY positions. Because it's time to be upcoming C of correction after completing the middle B through the whole correction. For the TP & SL, I've marked clearly as my idea. Thanks for your interests. *_<
It's time to C of FLAT Correction, so the upcoming wave will IMPULSE wave. As my idea, you can open "BUY" Trades after the price breakouts the white trend line. For the SL & TP of this suggestion, I'd marked clearly and suggest you to harvest your profit in the blue zone. Thanks for your interests.
It's time to turn down as the "impulse wave" for a while. For the TP, you can start open Sell positions after the price breakouts the white trend and harvest at 3 TP points as my idea. Thanks for your interest. *_<
You can entry SELL Trades after breakout the trend line. Because it's time to go down as the "impulse wave" of my idea. For the Take Profit Points, I've shown clearly 3 green marks. Thanks for your interest. *_<
rising wedge into massive resistance doesn't seem to end well for SP500
Testing Elliot Wave. What do you guys see?
After a short upward moving, the falling seems to look like an impulse wave. That is the wave (i). Now has been working a flat sideways correction almost three days. Now I expect to see the impulse wave 3 to move the GBPUSD below 1.20 towards 1.15 or more. The stop could at 1.2480
I am waiting for the completion of the Figure by an extended plane and from the 1611 mark I will open the long.
After working on errors, I see small flaws in the analysis of the chart. Regarding the latter, at the moment I see a non-standard zigzag. Why non-standard? Wave (b) has gone beyond wave (a) of the smallest cycle. this is a kind of deviation from the norms of wave analysis and seems to be unacceptable, but this happens the same way as with candles that are also not...
ABC correction is done. This is wave 2. Trend reversing. EurUsd
It looks like the corrective intermediate wave (C) completed its bearish course at1.1956. The recent attempt to push prices down brought the pair lower where it completed a corrective minor A,B,C at the round 1.22 level. As part of intermediate wave (2), the minor three-wave corrected down to the 61.8% golden ratio of 1.1956 bottom and 1.2588 top at 1.21943 - to...