Flatpattern
AUDJPY fail to continue higher, reversal price action for sellHi everyone:
Previous forecast on AUDJPY did not present a bullish continuation correction to push up the price to the next tops.
Instead, we see reversal price action in the making on the LTF.
Zooming out to the HTF, Price has impulse down from the HTF ascending channel, and begin to form an expanding flat structure.
We see the latest price broke the previous top, but failed to continue higher with any corrections.
We then see a reversal ascending structure, pushed down the price.
Now we can look for LTF continuation corrections to form, and get in on the sell down to the lows.
Thank you
The power of a range! We have already published the opportunity to trade within the range at EURCHF 3 times.
It started in mid-July and for 2 months now the price has been moving in this range. As you know, this is a good opportunity to trade from the bottom to the top and back.
At this point, the price has bounced off the bottom and we expect it to go to the top again!
The longer the range lasts, the stronger it becomes and the moment we see a breakthrough, there will be a clear movement in the direction of the breakthrough. This will be a good opportunity for another trade. So watch this situation not only to the top, but beyond!
Like and comment to get the price up again :)
Light Crude Oil futures (CL1! WTI crude) - ABC wave patternLight Crude Oil futures (CL1!) is moving down in C wave within ABC flat pattern. In B wave internal b wave was triangle and c wave was ending diagonal, which makes the high odd trade, that from this level the CL will go down in flat correction ABC down to 30 $ mark. Now its about to end the 3rd wave down with one more low then need to correct it by 4th wave up for C wave down., which should be sharp in this case.
Powerful Traders, everyday EWA's analysing & working processCAT detailing complex Correction with FLAT (3-3-5) wave structure!
Regards, Team Traders "PowerfulTraders" flat
GBPUSDHere I show only a bullish story on daily frame.
Lower low still possible, if the wave B takes the form of ABC, rather than a WXY
Intraday short
CYBR - Correction to 70 before us ?(weekly)In blue you see the Elliott waves of my "daily degree". (Dont know, which offical EW degree that is; it is just my daily focus of interest.) In white we see the EW on the next higher degree (called "weekly" here).
CYBR in the past oftenly retraced with earnings, but usally recocered in a few days. - This can change this time dramatically: As you you see, the last daily abc reaction formed the "a" leg of an abc of a possible weekly flat. A c with an 1,4 fib retracement of the a (which is quite common) could lead the price back to the 70s region - 40 % down from here - .
Idea: In green you see important confluence zones of the CYBR Chart. (I must warn, that due to time out problems of TV server my confluence script can only base on daily resolution as maximum; calculated weekly confluence zones may differ.) The lowest line is 4% lower than actual price. I suggest to take this border as signal for sorting or selling.
kind regards and successful trading
yoxxx
USOIL- We Are Looking For Sell.Formation of Flat Or, Zigzag Correction Can happen Which Push It More Downside.
Trading the Elliott Wave Principle - Part 4 (2)This chart is part of our educational article "Trading the Elliott Wave Principle - Part 4."
Trading the Elliott Wave Principle Part 4 (1)The chart is part of our educational article "Trading the Elliott Wave Principle Part 4."
Corrective Waves Construction - Part 5 (4)This chart belongs to our educational article "Corrective Waves Construction - Part 5."
Corrective Waves Construction - Part 5 (3)This chart is part of our educational article "Corrective Waves Construction - Part 5."
Corrective Waves Construction - Part 3 (4)The ES daily chart corresponds to the example of our educational article "Corrective Waves Construction - Part 3".
Corrective Waves Construction - Part 3 (3)The chart corresponds to different variations of the flat pattern. This is the third chart of our educational article "Corrective Waves Construction - Part 3".
Corrective Waves Construction - Part 3 (2)This chart corresponds to the second chart of our educational article "Corrective Waves Construction - Part 3".
Corrective Waves Construction - Part 3 (1)The following chart corresponds to the description of the flat pattern.
