Just a quick post here. I included this as a screenshot in another published chart shown below, but wanted to share this idea by itself. NOTE -Expanded flat C wave typically stops either at the 1.618 or the 1.236: - Logarithmic chart has corrected down to the 1.618 exactly. - Linear chart shows us stopping near the center point between the 1.618 and 1.236,...
There have been two bull runs so far for HBAR, each forming higher levels of support above its previous lows. It appears to be consolidating above the area of the first run; similar to how it consolidated above its original lows before the 2nd run. Trend-based fib extension also has the chart consolidating above the 1.618 fib of what could be an expanded flat...
WAVE analysis price action expanded flat market structure order blocks
Now it all down to one single scenario THE EXPANDED FLAT scenario!!
Since 65k top in April 2021 we made a severe correction to 30k as an ABC , since then we pumped to 40k as an A then we corrected as a B and then we started a five waves up as a C. We can see that wave iii is more than 1.618 of wave 1 and if we analyze wave iii we can see that waves proportion are respected (3 isnt the smallest wave) and that wave 4 is a triangle...
Eurjpy filled its gap from 6th of May and reaches a resistance zone with an extended fifth wave. So if there will be a strong pull back then a three waves correction maybe a Zigzag correction would be underway. Such a strong movement I NEVER trade contrary. Wait for a clear reversal
In today’s #marketinsights video recording, I talk about EURUSD and USDJPY FX Majors Both major pairs were affected by incoming trade war flows, following China's rather pessimistic view on proceeding with a phase-1 of a potential trade deal. Euro could move towards 1.11 round resistance and yen could push the dollar down near the 108 round support. The above...
In today’s marketinsights video recording, I talk about SPX and DXY . SPX keeps hitting fresh highs despite Fed's message to keep rates on hold until 2020. Trade wars do seem to be influencing flows more than anything else right now? Whatever the case, sharp upside and overbought hints to exhaustion! The DXY's recent upside though should be watched closely. It's...
In today's #marketinsights video recording I analyse EURUSD and USDJPY! Euro, dragged lower by the reinstation of the QE programme, was able to reverse post-ECB losses on the back of: - Limited rate cut compared to markets expectations (only 10 basis points) - Draghi's call on governments for fiscal stimulus (supporting EA economies?) - Widening yield...
Sizin de bildiginiz gibi ikili dip genel yukselisi saglayan onemli donus formasyonlarindandir. Benim beklentim de ikinci dibin olusmasi yonunde. Bunun icin gerekli hareket de Elliott a gore EXPANDED FLAT - belkide IRREGULAR EXPANDED FLAT ile mumkun gozukuyor.
1 hr bottomed out. 4 hr showing more room down. Has the look of an expanded flat. It measures to sell down in a 3 wave correction. I would look for shorts on smaller corrections until something changes.
Hi there, DXY is about to complete the bearish wave the wave we were looking for on 4hr time frame for downside. Big players are getting ready for reversal on USD for 2018. Last week closed strong bearish on DXY and strong Bullish on EURUSD. We believe that DXY and EUR will not go far away as they have already moved a lot so reversal is on the card very soon if...
Gold (XAU/USD) may end this downward move it has been experiencing in what counts well as an Expanded Flat Correction. It's a bold prediction but if correct it will lead to massive upside gains. Regards Richard K
Last move will complete the abc expanded flat, close to 78.6 fib area. Under these conditions, bearish momentum will build up and could potentially drive price impulsively to 0.67 area. Simultaneously, two bearish harmonic patterns will be completed.
Dear Traders & Followers, There is a possibility to go SHORT from current price .07050 to the level of 0.6920. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing Forex Team
Lets combine Elliot Wave and technival analysis. According to D1 chart price is bouncing from a long term S/R and neckline (triple top): We see also a previous WXY structure already completed. Here on H4 chart: - 0.61 fib retracement - first convergence - trendline (channel) broken and retested - H1 expanded flat Thats all, entry point and targets are shown on...
Looks line an expanded flat correction completed or nearing completion here. This could be monster move down with great R/R. I've closed 100 pips on Friday close and I'm only looking for short set ups on this pair! Give me a thumbs up if you like the idea and leave me some comments on what you are thinking! :D *if you're new trader do not trade my set ups or...
Short term a minor expanded flat correction is unfolding. Wave and already is in place and now wave higher to 172.98 should be expected. The most common relationship between wave a and wave b within an expanded flat correction is that wave b is 138.2% longer than wave a and that is precisely what we have seen. Looking at the wave relatioship between wave...