potential. take all lower degree sells along the way and build a massive position.
It simply looks like a three-waves correction after an impulsive decline
After price completed a running flat between 12th September to 17th October, we saw price made an impulsive down move forming the recent low at 0.8690. Since then, price has been developing in a corrective structure, and we are now expecting another move lower potentially towards 0.8524 - 0.8651 area. Disclaimer - make sure you have a proper plan to engage the market.
looks like a flat correction in the middle could sell for wave 3 or C
After making a downside impulse the pair is correcting. First, we are going to look for one more move up to finish the last leg of the correction. After the pair goes beyond 1.3350 we will look for trades down as per our strategy. Generally we anticipate a huge move down that might test 1.25 area. Possibly it could happen this year.
There is a high likelihood for one more move up this week. The pair is forming a zigzag structure at the moment. Thus it would be a premature action to get in the market right now. As soon as the price is 1.17400, it might give us a clue whether it will go up. As of now, we are going to look only for long opportunities.
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...
Really loving what we have here! Top side resistance on RSI just broken. Look for MACD zero crossing. Notice how the 100MA is flat. Often times when a flat MA is broken, along with top side RSI resistance break, an expolsive move follows. If you agree please leave a like. Follow for more Comments are always welcome :)
There is a lot of selling pressure at these levels, and I don`t think the prices will be able to stay in this area much longer. I expect Brent oil prices to drop to 40-42$ per barrel by the end of 2017/early 2018, and go up from there to higher levels at 60-70$ per barrel by the end of 2018. One of the factors being able to influence negatively the price of oil...
Traders, USDJPY is in a correction since 15/12/16 and has developed into a ZigZag W(circle) and a possible flat pattern X(circle) so far. 1- Wave-W (circle) developed into a ZigZag pattern, internal 5-3-5 structure a. , b. , c. ending at 108.130. 2 - Wave-X (circle) developed into a flat pattern, internal 3-3-5 structure (A),(B),(C) , ending at 114.488. 3 -...
Hi there! Ending diagonal in wave c of B. Break below support would confirm the finish of the pattern. Target 0.7737 (C=A) Risk 0.7997 (Peak of diagonal)
Hi there, The previous model was broken when the price breached the downtrend. The price moved beyond the start of the wave W and it could hit higher level to reach 1.272 of wave W at the 1.1977 mark. After that we could see a strong downside move. It is possible to see a double zigzag as it was highlighted on the chart. Would it be an Expanded Flat or a Running...
Keep look this weak and last bullish of EUR i guess you can speculation with small volatility for short in Intra-Day but becareful i think wating for long @130.174 -@129.588 might be a good price
We see AUDNZD completing a potential flat correction within a bigger wave 2 with recently touched resistance zone, which can push prices lower. A flat correction is an elliott wave pattern, which consists out of three waves, with a formation of a 3-3-5. This means wave a and b have both three legs and wave c has five. Thats said, hopefully this pattern is now...
As we can see this pair is forming a Flat, which means it's a good opportunity to sell it after it breaks the 4th wave of the ending diagonal. The pair is already at the bottom, so please take your profit as soon as possible because we don't know when the biggest correction or the reversal may occur. P.S: This content is for educational purposes and discussion....
Traders, EURGBP dominant trend remains Bullish on the WEEKLY chart. Since 6/10/2016 it has been in correction and has developed A (circle) and B (circle) corrective waves so far. Right now, we are looking to sell the next impulsive C (circle) wave. 1 - Wave-A (circle) developed into a 5-wave motive structure, ending at 0.83045. 2 - Wave-B (circle) developed into...
Hi guys my view on NZDUSD enticipating this to break 1st high and drop (MORE POSSIBLE) or maybe break 2nd high and then Drop (LESS DROP) Trade with Care :) EURUSD GBPUSD AUSUSD And NZDUSD also bit more upside then down side