USDCAD Potential Bullish Gartley PatternLoonie in the bullish reversal zone.
As described in the chart.
Elliotwavesharmonics
Bitcoin Correction Ahead Before Big Bullish WaveBitcoin have formed 5 waves up which signal that we have started a new direction in trend which is a bullish one. However I do expect a big correction to the downside to form a wave 2 before the big bullish wave continue. We are approaching a very strong supply/resistance area on the chart between $11,500-$13,500. Once the bearish correction start I can see it going all the way down to $5.800-$8,500 to complete a wave 2. After the completion of wave 2 I will look for Bitcoin to head higher to create new highs above $20,000
EURUSD bullish gartley harmonic pattern 4h timeframeWhat you see here is a developing bullish gartley formation.
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US Dollar Huge Sell Off Wave AnalysisYes I am still Bearish on the US Dollar! The bullish corrective structure that started on June 19th have turned out to be a deep zig zag corrective pattern that could be finding resistance at the 88.6% fibonacci level of the initial bearish decline. I am expecting the highs that the Dollar created on May 18th of 98.37 to hold strong. I am looking for a big move to the downside to start the bearish wave 3 as the Dollar weakens
EURO (EURUSD) STRONG LONG Wave 3 nextSometimes it is best not to overthink things.
The descending wedge on the EURO ( FX:EURUSD ) has been clearly broken to the upside.
A new uptrend has begun.
Rises are in 5 waves and drops are in 3 waves. This is a classic Elliot wave definition of a new trend direction.
Keep it simple.
Primary wave 2 and secondary wave 2 of wave 3 UP have now tested the long-term descending wedge's upper trend line and twice it has held and drops below it have been rejected. See two red circles on the chart.
Wave 3 of 3 will likely be triggered by anticipation of the Fed lowering interest rates at the end of this month.
Cheers!
Cyrus
EUR/USD Wave Analysis Buy Set Up Potential 3rd WaveI am looking at a potential 3rd of a 3rd wave which should show really strong bullish strength. I believe the corrective a-b-z zig zag that started at 1.14110 is coming near an end as wave 5 of wave c in the zig zag is forming a ending diagonal pattern. I am expecting a big push up and I will be looking at targets around 1.16000
Dollar Index Sell Off Wave Analysis Look for a sell off on the Dollar, I believe the small correction is over.
Bitcoin Wave Analysis Bullish Wave To Create Higher HighsBitcoin formed a big corrective structure all of 2018 and I believe it have ended. Price have began to rise quite impulsively from the $3,270 low of December 2018. Price is approaching a strong resistance/supply area around the $10,000 level wgere I believe we will encounter some weakness which will give people a chance to buy the pullback. In conclusion I do believe Bitcoin will keep gaining strength throughout the year eventually creating new highs.
US Dollar Index Wave Analysis Two Trade Set UpsThe US Dollar Index is looking to make a bearish push to the orange box to finish the complex W-X-Y corrective structure. After the corrective structure is finished look for the Buy set up for the Dollar to make higher highs in the Bullish tremd
GBP/USD Wave Analysis Sell Set UpPrice is completing a corrective structure that I believe to be a triangle structure, look for price to have a sell of completing the bigger corrective structure finishing in the blue box.
Elliot Wave Interpretation of Bearish DollarEven using the Elliot Wave Theory, it looks like the motive wave is in due to begin. The correction A will occur downwards to price point 96.94, which also has confluence with my 61.8 fib level.
Potential Gartley Pattern With Elliot waveThis Analysis is Based on Elliot wave + Gartley + Fib Extensions and Retracement.....All support Zones Are carefully selected with Fib numbers....Proudly Abbeycity...Wishing you a successful trading....
US 30: EW3 Starting up Retracement to ATH?Midterms Tuesday. From MW:
"Since 1946, there have been 18 midterm elections. Stocks were higher 12 months after every single one. Every single one. That’s 18 for 18. Even though we’ve had every possible political combination in the past 72 years. Republican president with Democratic Congress. Democratic president with Republican Congress. Republican president and Congress. Democratic president and Congress.
Since 1946, stocks have risen an average of 17% in the year after a midterm. And if you measure from the yearly midterm lows, the results are even better. From their lows, stocks jumped an average of 32% over the next 12 months. For perspective, that’s more than double the average performance for stocks in all years. We’re also entering the third year of a presidential term, which is historically the strongest year for stocks."
Dow and Sand P flat for the year now. Time to get back on track. Economy = strong, no recession in sight. Earnings - good, mostly real good. Mostly. Some surprises.
IF we are in an EW impulse wave THEN we had wave 1 last week for 1k pips and wave 2 pullback Friday, lasting into AM Monday session, when the bulls showed up.
Looks like we got a wave 3 starting up which I charted at 1.618 Fibo projecting extension to 26260 area with soft landing on wave 4 (alternating wave theory) and a fifth wave bullup to retest alltime highs. Call me crazy, but the impossible has already happened this year- twice. The zigzag correction has run its course, movin' on up!
2019 should run pretty strong until May when the cracks will begin to show. Subsequent bear will likely be longer than average bear, stronger than average bear, Yogi.
Here's the reference link: www.marketwatch.com
This is not investment advice, trade at your own risk, good luck!
USD/CHF Elliot Wave Buy Set Up Swing TradeWatch for the correction to come to an end on the smaller time frames. Look for an impulsive wave to the upside follwed by an correction to get long on the Buy Set up.
EUR/GBP Elliot Wave Analysis Sell Set Up!Look for a impulse wave to the downside to break out of the corrective channel then a small correction for a sell set up!
EUR/AUD Elliot Wave Sell Set Up Corrective StructureLook for the corrective structure to end soon and price to break out impulsively to the downside targets
USD/JPY Elliot Wave Analysis Watch for price to breakout of the corrective channel for a buy set up to finish the Flat correction then the sell set up after the structure is complete
Elliot Wave Analysis USD/JPY Corrective Wave Structure ExplainedWatch as I explain some basic Elliot Wave Concepts of Corrective Formations and anticipating the next waves. I Also breaks down the idea of an IF-Then-Thought-Process using Elliot Wave and reacting to price.
