USDJPY ForecastWe're approaching a corrective phase. Price has completed the impulse sequence with waves 1 and 5 equal potential sell-off.
Impulse
USDCAD ForecastWe can expect a bullish push from the USDCAD this upcoming week to complete the 5th wave. We touched the 38,2 Fibonacci retracement level. Keep in mind that waves 1 and 4 never overlaps that allows us to have invalidation level.
SILVER - Catch Wave B!Silver is currently in wave 2, which appears to be a 335 flat correction. Wave A had 3 waves and now we're in wave B where we're expecting another 3 wave structure.
It appears as the bottom is in so we can use the lows as invalidation level.
Trade Idea:
- you can either enter now with stops below the lows
- Or wait for a pullback (retracement) and enter with stops below the lows
- Targets: 24, 25, 26.
We may make an expanded or contracted flat correction so just manage position as we move higher.
Goodluck and as always, trade safe!
FTM in the purchase zone!!!FTM price is in the global buy zone 0.27-0.12
The purchase level of 0.19 is below the volume price - 0.2407
The price of the total volume is 0.0174
Test: A new purchase level has appeared on the chart! (green dotted line) 0.1831
ACA accumulation level!!!The control zone 0.45-0.25 has been worked out
Now the price is in the buy zone 0.08-0.025
Purchase level 0.048 :)
The price of the total volume of 0.048 Corresponds to the accumulation level!!!
Exit from accumulation to the zone 0.11-0.18 ?
0.03732!!!
OM purchase zone!!!The control zone 0.15-0.089 has been worked out
Now the price is in the buy zone 0.03-0.01
Purchase level 0.01854 :)
Total volume price 0.037
USDCHF ForecastWe're in the wave 4 phase, we can anticipate a wave 5 completion soon. The wave 4 often bounces at 38,2 level but also keep in mind of the 50% level. If wave 4 retrces at 38,2 we can expect wave 1 and 5 to be equal.
NAS100 ForecastWe can expect further sells from nas100 as a wave 5. The wave 4 is a triangle correction pattern. Wave 5 is always a motive wave( 5 waves ). Note that the wave 1 and 4 are not overlapping. We often use wave C as invalidation level on a triangle pattern.
USDCAD ForecastPrice is trading in an impulse phase, projecting a potential wave 4 minor drop then making a wave 5 high. Wave 2 retraced more than 61,8 Fibonacci level which tells us that wave 3 will complete at 2.618 Fibonacci extension level. Often wave 4 retraces 38,2 of wave 4. Also, keep in mind a base channel.
USDZAR ForecastThe bullish bias is still in play, and the A-B-C zigzag correction retraced relatively deep to close to 78,6. We have an invalidation level for the bullish bias key to focus on it.
GBPCHF ForecastPrice is trading in an impulse pattern, we have wave (4) as a triangle pattern expecting a sell-off for wave (5) completion.
We often use two techniques to measure the end of a wave (5) Fibonacci multiple as well the wave (1) price distance as waves 1 and 5 are often equal.
USDCAD ForecastWe're looking at a bearish corrective pattern. We are in a wave A which can potentially reach 38,2 Fibonacci level. We can expect a minor drop next week before the wave B correction. The wave A is clear impulse pattern waiting for the wave 5 completion.
USDJPY ForecastWe're in an impulse phase, we're currently in a 5th wave phase. The wave 5 could be a potential Ending Diagonal pattern.
XAUUSD ForecastDouble correction formation in the upside direction. We're trading in the last leg (Y) potential A-B-C zig-zag pattern. The long side won't last too long we have to anticipate the price to reach the 78,6 Fibonacci level.
Often times waves (w) and (y) are equal we can use that idea to look for wave (y) target which in this case correlates well with Fibonacci level.
AUDUSD ForecastWe're trading in a wave 5 phase, further sells expected. Wave 5 is always a motive wave(1-2-3-4-5) we already have a 1-2 scenario where we can expect a sell-off as price is trading at 61.8 Fibonacci retracement level.
BTC is a possible outcome!!!Why do I think so?
According to one version, the growth ended at 68944.62 with the
fifth wave according to Elliott's theory, from the entire movement of Bitcoin since 2010!
The price is lowered to the level of 15495.37, which may be the first wave
Adjusted by 31799.86 (second wave)
And it can give a third wave to the new Global zone 7577.63-3629.76
By making the current Global Zone a zone of Control at the highest TF
According to the second version, the fifth wave ended in December 2017 and was corrected in three waves into a triangle!
Then
From the current control zone we can go to the level of 48191.03
Or give a correction deeper at 22140.02 and from there it will go to the level of 48191.03
And then HIGHER!!!
I will attach a global screen!!!
UWGN Sale!!!I didn't look what happened there!
But clearly, something happened
In a week, the price just collapsed by almost 73%!
The control zone was simply stitched, there is not even anything to catch on, but there is a zone on a smaller TF!
The price has already left the buy zone, but is under the price of the total volume in the control zone from the uptrend!
While I was writing, the price went beyond
the volume price
There may be a correction and a hike below to the area of 51.0, 37.0, 27.9 on the highest timeframe!!!
careful!!!
But then it means the cars are rolling away!!!
MATIC is in the purchase zone!!!Global Buy zone 0.4374-0.2353
The purchase level of 0.3208 has worked out
Now the price is in the buy zone 0.5795-0.4879
Which is located in the local purchase zone 0.5663-0.4080
Buy level 0.4933
Volume price 0.8805
There is a probability of entering the Global ZONE!!!
Bucket 0.32!!!
Further buys are expected, either it is shortlived or it will laFirst bias we are in an A-B-C zigzag correction where waves A and C are equal After wave C we can expect the price to start selling.
The second bias we are in an impulse pattern, of which we are in a 3rd wave phase which could be projected to 1.618 Fibonacci extension level.
What do you think what's your view?
- Zig-Zag correction
- Impulse pattern
AUDUSD ForecastFurther upside can be expected from USDCAD but we should wait for a minor correction before considering the long direction as of yet. We can expect a classic A-B-C Zig-Zag correction.
The impulse pattern lasted longer than expected, with an extended wave 3 projected to about 2.618 Fibonacci levels.
USDCAD ForecastFurther upside can be expected from USDCAD but we should wait for a minor correction before considering the long direction as of yet. We can expect a classic A-B-C Zig-Zag correction.
The impulse pattern lasted longer than expected, with an extended wave 3 projected to about 2.618 Fibonacci levels.
USDZAR ForecastThe USDZAR seems ready to be bullish, no long ago we anticipated a correction for wave (2) which then occurred and traded to a 50% Fibonacci retracement.
The upside will last a lot longer we can expect it to break the previous high with a Fibonacci projection of 1.61.8 as that is common for wave 3s to extend to that level.
