Ending Diagonal
NEVERENDING CORRECTION! ;)Hello Traders!
Glad to present Tengri's Traders prediction concerning Litecoin.
Do not trade! Hard situation! Possible we see the formation of Ending Diagonal Triangle!?
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CHF/JPY updateIf Chf/Jpy is making an ending diagonal to come down then this last wave should not be longer than this 3rd wave, since wave 1 is longer, and would be the longest which is typical for an ending diagonal... See my circled price
$GBP vs. $CHF Daily Chart.Correction coming to an end |#gbp #chfTraders,
GBPCHF 's late-August five wave impulse advance from 1.22202 is approaching its upside termination where Fibonacci-Price-Ratio & Proportion measurements collaborate, highlighting a reversal zone standby, yet not confirmed.
This Zig-Zag correction labelled X(circle) has started unfolding since 10.10.2016 from 1.17837 ( C impulsive wave's end).
Wave (A), the first leg of the Zig-Zag, a five-wave pattern uptrend has since unfolded reaching 1.29143
Wave (B) has been developed into a Running Triangle Pattern as wave b. ends beyond the start of wave a. with wave e. undershooting a. - c. line.
Wave (C) subdividing into a five wave pattern where the 5th wave can be seen taking the form of an ending/contracting diagonal pattern.
The reversal signature is still to come, as the diagonal might not have completed yet, even a new higher-high or even a truncated fifth are welcome, although the price action will tell to determine the end of it or not.
Downside targets are towards a long way down, already measured, however, an update of them will follow after the reversal signature confirmed.
Trade with Discipline
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BITCOIN 1 HR CHART JAN 22 2018ENDING DIAGONAL PROGESSING. UPON COMPLETION NEW BULLISH TREND EXPECTED TO BEGIN.
Short Term ETH Day TradeAccording to my Elliott Wave count, ETH is in a reactionary wave (a correction within the correction). We are in a short term uptrend within the longer term downtrend. We have just completed 5 waves with a ending diagonal and will likely see a dip. If the prices dip, we could set some buys orders and ride to back to 1k.
Note: If ETH hits the target price before hitting the buy zone, this setup would be invalid. ETH has to hit the buy zone before hitting the target.
EURUSD: Correction WaveEURUSD has completed the 3rd wave of the primary degree, possibly going down near the support at 1.2102 to form the 4th wave. you can open a sell position now with the target support or use a 1: 1 risk reward. however, it would be better if you apply buy on the dip around support 1.2102 after the 4th wave finishes. following the trend can minimize your risk.
Long observed EURCHFHello Traders,
Long opportunity for EURCHF.
R:R approx 1 to 4+
I will be honored to have your reflections on my analysis.
Thank you.
Elliott Wave Outlook** Short-term : Bearish
Overall Big Corrective Structure is bearish ABC . Wave C still in progress , where currently we are moving in the last bearish impulsive wave 5 which is expected to be an ending diagonal
>> Recommendation : Sell The breakout
** Long-Term :
Bullish after the ending diagonal structure is completed !
EURAUD - Buy OpportunityWe are looking for a move up on this pair based on the ending structure that is being formed. Looking for a move back up to the trendline.
AUDUSD - Selling OpportunityWe could be having one of the following patterns play out. Track Price action to determine a loss in momentum to the upside at or near the indicated areas.
BTC/USD ending diagonal. Pullback at the horizont?It seems 5th wave is forming just now at the 4h timeframe. The (e) wave might be shorter than usual as more and more trader recognizes the pattern. RSI supports price reversal, pullback to 1500 is very probable to test MA100 + minor support. Proceeding a zigzag correction the C wave might cross MA100 extension (which is usual at major btc corrections). This case we can look for a buy opportunity around 13500 which has a strong support area.
If the price can break through the upper trend-line with force, this pattern becomes invalid.
BTC Correction to 14200, then an Explosion to 17200!Wave 3 of the recent surge in Bitcoin 13.41% has been extremely strong, exceeding even the 1.618 Fibonacci Extension . However, we see a rising wedge , which is also a ending diagonal and the 5th sub-wave of wave 3. Also, the RSI is showing bearish divergence. All these factors point to a temporally correction. Remember, the price never goes up forever; there are always dips.
We can use these opportunities to buy or add to our position. With a 0.382 Fibonacci Retracement , we get a target of 14160. It will likely retrace to the 0.382 because wave 2 retraced to the 0.618 level. However, that is only a guideline and still has a small chance of retracing to 0.5 or 0.618 level. Our target is a 1 to 1 Extension of wave 1, which is 17200. Nonetheless, the price will likely go much higher; 17200 is our conservative target.
EURCHF-H4-Ending diagonal finishedIt seems the structure of this ending diagonal is complete, we can see clear a-b-c-d-e structure.
Last move is to the downside followed by 0.61 fib retracement, a good entry point.
Targets shown on chart.
Best regards.
Perfect ending diagonal in AUDCHF, and it will go up in 3,2,1...Se nos acaba de presentar una hermosa Ending Diagonal en AUDCHF. Ya ha roto su tendencia, así que esperaré una banderita para buscar un Take Profit con Risk reward de 1 a 2.
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We can see a perfect Ending Diagonal in AUDCHF. It has already broken the trend line, so I'll wait a flag to enter in long, searching a Take Profit with Risk reward of 1 to 2.
Avon products (AVP). Possible Ending Diagonal. Buy breakout.It could be an ending diagonal in the last wave down.
MACD shows bullish divergence for many months and its reading is positive already.
Price is already drilling the resistance.
Long on breakout.
AUDUSD. Possible Ending Diagonal. Sell on breakdown.Hello there,
There could be an Ending Diagonal in wave c (yellow) of B (white).
Sell on break. Target previous low at 0.7808
Nasdaq 100, Elliot Wave 5Price Action in Nasdaq 100 is showing up an ending diagonal pattern (Wave 5 of 3)
Typically ending diagonal moves in 3-3-3-3-3.
Currently we are in the last smaller motive higher of the 3. It looks like a throw over pattern as price broke upwards of the diagonal.
Currently pending short as we wait for the last C movement to exhaust. (Wait for a bearish candle).
EURUSD Corrective structure Another way I see it going will be in Idea updates! Thanks for looking! If your trade idea is similar post it in the comments, and I wish us luck!
