There is only one way - up. You can place your buy orders above the flat or buy now and your stop-loss will be miniature. Don't be afraid of the about-to-cross-down MACD. It is going to bounce off.
Hi Followers, happy New Year together... I see a good shortsetup on EURUSD. But wait till the last Wave 5 end and the short bar is finished! Then the Count should be right. Good trade.
Traders, Natural Gas has bounced from $1.574 since 03.10.2016 and developed into a five-wave sequence terminating at $3.846 exactly where fib price measurements were converging, highlighting the end of the impulsive wave. Measuring the internal waves of this sequence, it turns out that its fifth wave is extended. That can be confirmed even from the ensuing (a) –...
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.
The pair is currently still correcting and we could get one more strong move to the upside. Bear in mind though that in the bigger picture (Monthly chart - which i will post as an update) we are still within a Zig-Zag correction (wave 4 to be exact) therefore I would be very cautious and lock in profits as soon as possible. Note how leg C looks like it's...
Looking to complete the B Wave of a Flat Pattern on the Weekly
If we are still in the middle of green wave b, there is a sub wave c to catch If however the pink a-b-c is the end of entire correction, the potential decline would be one degree higher Also note: pink wave b may not be a FLAT (sub wave {B} retraced less than 80% of sub wave {A}) nor a ZIGZAG (sub wave {C} did not exceed the end of sub wave {A}). Therefore...
To make the breakout and reach such an ambitious target price must occur: 1) The volume should grow as the rise before entering the channel or similar 2) What I pointed out both in the MACD and in the RSI The pattern called FLAT BASE was formed A flat base is basically an over extended flag trading in a neutral range on low volume. These patterns have one of the...
BTG has been downtrending for quite a while now and has completed its 3-3-5 flat ABC correction. The correction also formed a bullish falling wedge, accompanied by falling volume indicating falling selling pressure. We had a very strong bounce on Dec 7 of the support line of the falling wedge, possibly setting up for wave 3. According to Elliott Wave rules, wave...
You can sell it for $42 but there is a potential pennant so it is a good investment for the future. Stop-orders must be placed under the trendline.
Option 1: WXY flat correction (yellow labels, red and blue arrows) implies further weakness to hit lower levels. Option 2: ABCDE triangle (white labels, blue polyline) shows the hit of triangle sides first and then continuation to the upside.
Ripple is trapped within a large complex correction WXY. It is possible that we are now in the wave X unfolding as large triangle ABCDE. Wave E could be over and another drop should follow either to the ending point of wave W (0.127) (blue zigzag) or to the lower level where Y=W = 0.012 (purple zigzag). It looks like banking currency is not favored by...
Monero could be in a large corrective structure within wave 4 unfolding as a double zigzag WXY. The price should break below the yellow uptrend support. It could either reach only end of wave W at the 150 mark (blue zigzag) or dip much lower into the area of 120 (purple zigzag). And then we could see continuation to the upside to reach out to the 208.20 mark at...
USDCAD Price in the flat correction completing 'Y'. Short opportunity may come if we get sharp down move towards the highlighted area.
Traders, Previous GBPJPY development from 135.595 ( end price of (a) corrective wave) has completed unfolding into a corrective Zig-Zag pattern to 152.862 (end price of (b) corrective wave) Labelled in minuette degree, a. - b. - c. and subdividing 5-3-5, the Zig-Zag can be ‘proofed’ using fib-price-ratios. What can be derived from this Zig-Zag is that GBPJPY...
The pair is consolidating and currently located at the wave C position as per wave theory tractation. Most probably we are expecting a big move down vere soon. What we need to is to wait for a small impulse down levelling C-wave structure which could indicate the start of this ''grey swan.''
DASHUSD Update We were so lucky to get filled at 305 back on November 10th just an hour or two after the last Dash forecast went live and trade is still live and going well, so far. But it could be fading here, it's falling away from the top of the flag and needs buyers to push higher and trigger the next addition to longs. If we see this the stop on all...