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RE-ANALYSIS IN EURCAD - 2H CHARTHi Traders, I wanted to share this Re-Analysis of a past idea I published. If you want to check it out the past idea is linked to this one. We are still analyzing the corrective structure. In a first beginning it looked like a converging flag and we expected a move up but it went out of structure and now we can identify perfectly that we are getting a corrective Flat. Short term is a buy, it could either make a Running Flat or brake the top to become an Expanded Flat. Afterwards we will get a sharp impulse down. If you want to buy wait for a corrective structure where the arrow and then buy breakout. I am very interested in the downtrend move since it's the big trade. Carlos
by ccerezo11
2
Elliot Wave Analysis - Medium TermWe are currently in a bullish correction of wave 4 which can be a Flat correction or ZigZag The breakdown of the green line confirms the end of bullish correction of wave 4 . A short entry is possible after the breakdown of that green trend line to the target of wave 5 shown in the pink circle The correction of the current wave 4 can go up to the 2.618 red fibo level which intercept the upper red line of the current main bearish channel which seem to be a Diagonal Pattern **If you like the analysis give a LIKE and press the FOLLOW button to get the latest ideas Thanks
Short
by MohamedMagdy
1
GBPUSD DAILY IMPULSE SUBDIVIDED - 1H CHART Hey guys, Here's the other analysis I have been studying. GBPUSD We have broken the daily ABCDE triangle, you can look at my past analysis linked to this idea. Now we have a new downtrend impulse so we want to look for a sell. We may have an expanded flat already over at the 0.382 Fibo and then we can trade the next flag or we could still have a zigzag correction until the 0.618 Fibo and then down. Watch for both moves, I will update this idea with my final decission on the sell. Carlos
Short
by ccerezo11
2
ABC CORRECTION IN AUDNZD - DAILY CHARTHi Folks, One more analysis. I really have my hopes into this trade, working with a buy limit order. We have a past eliott motive wave (12345) followed by a perfect ABC ZigZag correction since it is formed by two "threes" and a "five". At the end by -C- point we have a small extended flat followed by a downtrend channel consolidation. My final prediciton is that in the 0.786 level the market will bounce, without breaking the bottom level. If it does not touch the level 0.786 then it will brake and start the new motive wave. Carlos
Long
by ccerezo11