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Impulsewave

(D) 5 waves iMpulse // IF=THEN ®FX:EURUSD iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave); wave 4 = 38.2% to 50% of wave 3 (can never overlap wave 1 ); wave 5 = wave 1 CORRECTiON: Wave A = usually around the 50%/61.8% of wave 5 Wave B = Usually 50% of Wave A and Should not exceed 75% of wave A Wave C = Wave A (AB=CD) 161% ext Wave A 262% ext Wave A Safe Trades; open.spotify.com
Long
by Andre_Cardoso
(Daily) The Bullish Bat & The Third Elliott Wave // IF=THEN ®FX:EURCAD iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave); wave 4 = 38.2% to 50% of wave 3 (can never overlap wave 1 ); wave 5 = wave 1 CORRECTiON: Wave A = usually around the 50%/61.8% of wave 5 Wave B = Usually 50% of Wave A and Should not exceed 75% of wave A Wave C = Wave A (AB=CD) 161% ext Wave A 262% ext Wave A BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD Safe Trades;
Long
by Andre_Cardoso
3
(4h) Harmonics Combustion // IF=THEN ®FX:USOIL CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD BUTTERFLY Point B: 78.6% XA Point C: 38.2% AB 88.6% AB Point D 161% ext BC 261% ext BC Targets: TP1 61.8% CD TP2 127% CD iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave); wave 4 = 38.2% to 50% of wave 3 (can never overlap wave 1 ); wave 5 = wave 1 Safe Trades; open.spotify.com
FX:USOILLong
by Andre_Cardoso
2
EURUSD Enters Support Zone - 1.0982 Key LevelThe break above 1.1087 on Feb 3 eliminated the bearish impulse and left us with higher probability patterns of: *A 5 wave move higher beginning Dec 2015 that likely overcomes 1.1720 (bullish) *A bearish diagonal such that last week's 1.1376 high was wave 2 of the diagonal (near term bearish to below 1.0517) Though prices have sold off 200+ pips from last week, we're still leaning towards the bullish wave count. Why? First, FXCMSSI has been ranging between -1.4 and -2.0 We saw -2.0 at last week's highs. The current reading is -1.45 (catch trader positioning in real time here ). This indicates traders were not believing this bullish run. We know from past experiences that the majority of traders tend to be wrong so this lack of belief in the up trend is a bullish undertone. Secondly, though prices rejected swiftly at last week's purple trend line, this sell off is typical and within normal bounds based on the wave count depicted on the chart. Said another way, if the bulls are going to take over, 1.1000 - 1.1135 is the price zone where that is likely to take place. The divergence on RSI is indicating slowing momentum to the downside. Below 1.0982, then we'll need to reconsider the higher probability patterns. So lack of shift to bullish positioning and wave positioning has me leaning towards the bull camp with a good risk to reward ratio opportunity approaching. (1.1122 and 1.1087 and 1.1011 are areas of interest) Good luck traders!
Long
by JWagnerFXTrader
(4H) The Golden Spur // Eventual Cypher // IF=THEN ®FX:XAUUSD After 32 days, 16h of consolidation... - The Impulse, wave 1 (weekly resistance); - The 61.8% retracement and wave 2; - New impulse into 127% extension from wave 1 (daily resistance forged); (wave 3 not yet completed...) - Small retracement, didn't touch the 38.2%; (respecting previous structure, ascending wedge or channel, the structure...the thing...) - Price is above the weekly resistance, it can turn into support; - A move upward into the 161% extension from wave 1 and that will complete wave 3; - We know that wave 4 can never overlap wave 1 (cross into the same price area) and wave 5 is "equal" to wave 1, and there's a monthly resistance @1191.41. - We also know if the price enter in a bearish momentum it will need to break the structure and to test it before sinking looking for previous structure (if there's any, in this case shown by the red arrows). Harmonic: The Bullish Cypher @Daily Support: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD Check previous published idea - link below Safe Trades;
FX:XAUUSDLong
by Andre_Cardoso
1
(4H) ABC correction // Double Bottom // Butterfly // IF=THEN ®FX:AUDCAD ABC correction with a double bottom, a neck to break, the price should find some resistance and start to pull back into the 61.8% retracement zone and there, the market should forge an entry. (bullish rsi divergence on oversold condition for instance) * However, find comfortable situations that allow us to enter the bullish momentum is where the focus point. BUTTERFLY Point B: 78.6% XA Point C: 38.2% AB 88.6% AB Point D 161% ext BC 261% ext BC Targets: TP1 61.8% CD TP2 127% CD Safe Trades; open.spotify.com
Long
by Andre_Cardoso
(4h) Gartley&Wave Synced @161% extension // IF=THEN ®FX:USOIL Long the wave, Short the Harmonic; GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD --------------------------------- iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave); wave 4 = 38.2% of wave 3 (can never overlap wave 1 ); wave 5 = wave 1 CORRECTiON: Wave A = usually around the 50%/61.8% of wave 5 Wave B = Usually 50% of Wave A and Should not exceed 75% of wave A Wave C = Wave A (AB=CD) 161% ext Wave A 262% ext Wave A Safe Trades; open.spotify.com
FX:USOILLong
by Andre_Cardoso
(1h) Structure // Impulse // Harmonic Bat // IF=THEN ®FX:NZDUSD iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave); wave 4 = 38.2% of wave 3 (can never overlap wave 1 ); wave 5 = wave 1 CORRECTiON: Wave A = usually around the 50%/61.8% of wave 5 Wave B = Usually 50% of Wave A and Should not exceed 75% of wave A Wave C = Wave A (AB=CD) 161% ext Wave A 262% ext Wave A BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD Safe Trades;
Long
by Andre_Cardoso
2
(1h) Butterfly vs Elliott default impulse ratios // IF=THEN ®FX:NZDJPY iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave); wave 4 = 38.2% of wave 3 (can never overlap wave 1 ); wave 5 = wave 1 CORRECTiON: Wave A = usually around the 50%/61.8% of wave 5 Wave B = Usually 50% of Wave A and Should not exceed 75% of wave A Wave C = Wave A (AB=CD) 161% ext Wave A 262% ext Wave A BUTTERFLY Point B: 78.6% XA (not filled) * Point C: 38.2% AB 88.6% AB Point D 161% ext BC 261% ext BC Targets: TP1 61.8% CD TP2 127% CD Safe Trades; open.spotify.com
Short
by Andre_Cardoso
1
Tight RR Trade - .6593 Key LevelIt appears the Kiwi has been building impulsive moves higher followed by corrections lower. From an Elliott Wave perspective, circle wave 3 stopped at the 1.618 extension of the circle wave 1 measurement. This is a common relationship between '3' and '1'. If this is the case, then the proposed wave '4' should hold above the Nov 19 wave '1' high of .6593. Therefore, that price can be used as a stop loss. Targets lie at .6730 (wave 5 = .382 * wave 1-3) and .6848 (wave 5 = .618* wave 1-3). This yields better than a 1:2 risk to reward ratio. Sentiment on the Kiwi for the past couple of years has been consistent. I find it interesting how for the past 2 years there have been more buyers in NZDUSD yet price has fallen from nearly .85 to the current .66. Now, the number of long traders has dropped to nearly a 2 year low perhaps signaling a bottom is in or is nearby. Kiwi's Speculative Sentiment Index currently sits near -1.3...this sentiment zone between -1.3 and -1.8 is the lowest in the past 2 years. Sentiment is a contrarian signal so as it falls, look for bullish price patterns. Follow real-time sentiment readings HERE .
Long
by JWagnerFXTrader
10
"Oil Bottom" sooner than you thinkOil currently is its last stages of the decline that started in the summer of 2013 and it will place a bottom within the next few weeks. It is declining now in Minute wave v "which will be a 3-wave decline" where Minute waves i, ii, iii, iv and v represent the ending diagonal wave 5 of wave (5). We are expecting wave v to over-shoot to the downside of the ending diagonal and below the arrow represented on the chart which will lead to triggering stop losses "below wave 3" and to increase the bearish sentiment to a new extreme. At that point of time Oil should rebound and advance to the upside in at least 3 waves A-B-C towards the 70s~80s area or start an impulsive 5 waves (1-2-3-4-5) to the upside that could take us to new highs in the next years/decade. We cannot tell now but once the prices start to advance we will have more information to call it right. How can we make money from this analysis? Simple; we have three options: 1-By trading spot or futures (only if you are an active trader). 2-Invest some money in Oil companies now for few years. 3-Buy long term Oil future contracts (with 2017 or 2018 expiry dates). Happy trading :)
NYMEX:CL1!Long
by ResonanceTrading
4
Elliot vs Scott // IF=THEN ®FX:USDJPY Bullish breakout version after 72 days of "consolidation" between Weekly Support W1 and Daily resistance D1 Basic Elliot impulse with 5 waves: iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave); wave 4 = 38.2% of wave 3 (can never overlap wave 1 ); wave 5 = wave 1 CORRECTiON: Wave A = usually around the 50%/61.8% of wave 5 Wave B = Usually 50% of Wave A and Should not exceed 75% of wave A Wave C = Wave A (AB=CD) * 161% ext Wave A 262% ext Wave A Cyphers: CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD Safe trades;
Long
by Andre_Cardoso
3
EURUSD in Key Congestion Zone - Watch 1.0800 or 1.0950EURUSD dropped today into a zone that likely creates a strong struggle between bulls and bears. The Elliott Wave picture is such that there is a bullish view and bearish view which both can be satisfied based on the current pricing. Therefore a meaningful push below 1.0800 or above 1.0950 begins to elevate certain patterns and demote other patterns. Bearish Wave 3 The bearish wave iii of (iii) is depicted on the chart above. A break below 1.0800 likely accelerates towards the 1.618 extenstion at 1.0480. This is the preferred count as sentiment shifts to the bullish side...using it as a contrarian signal suggests we look for more losses on the pair. Bullish Equal Wave Pattern Completion The other pattern in sights is that the August 24 high today's low is a large equal wave pattern. This suggest a large bullish burst that potentially retests 1.17. RSI divergence is helping this story develop. As stated above, SSI is shifting towards more buyers and less sellers. These traders have already committed to positions and become a future pool of sellers which would be a head wind to this scenario. Check out our guides for Elliott Wave study or forecasts for EUR, USD, JPY, Gold and Oil HERE . (Free registration required). Good luck and happy trading!
by JWagnerFXTrader
2
Cluster of Wave Relationships at 1.09 - Bears be CarefulThe Elliott Wave picture for the EURUSD indicates there is a higher probability bounce coming. The trend is down, so for those traders who missed out on this move lower will get a shot to short from higher levels. Under the preferred interpretation, it appears we are finalizing the 5th wave lower from the October 15 high. 3 different wave relationships show up near 1.0900-1.0910 with some more down near 1.0860. -circle wave 5 = circle wave 1 = 1.0910 -circle wave 5 = .382 * circle wave 1 through 3 = 1.0907 Additionally, one alternate count I'm watching is that we are finalizing circle wave 3. Circle wave 3 = 2.618 * circle 1 at 1.0903. This alternate would suggest a bounce to 1.10-1.11. From a bearish perspective, we think these red circle waves make up wave 1 at a larger degree. If that is the case, then we should see wave 2 be a partial retracement higher (probably towards 1.11-1.13. We will not look to trade this higher because the trend is firmly planted to the downside, but those who are short may want to manage risk accordingly. Another alternative we're watching is that this 5 wave move lower from October 15 is the matching wave to the late Aug 2015 sell off. If that pattern plays out, there could be a much larger rally that begins from slightly lower levels (between 1.08-1.09). Bottom line, a bounce higher to 1.10-1.13 is likely. From there, we'll see how the pattern is developing to determine pivot levels. Below 1.0800 would increase the chance of a much deeper sell off to below 1.05.
by JWagnerFXTrader
7
GBPJPY Wave (iii) Lower - 186.30 key levelThe pivot lower in the GBPJPY has been on the back burner as the EURUSD collapsed last week. It appears we have a leading diagonal lower in circle '1' that began on the Friday October 23 high. Coincidentally, we are showing Oct 23 as the highest volume day in over 5 years for the GBPJPY. If circle wave '3' finished at today's low, then a small bounce higher is likely to be contained below 185. The higher probability scenario is what I have labeled on the chart. That is to say we are in the beginning stages of wave (iii) lower that may carry us towards 178 and possibly lower to 173. Retail sentiment is positioned at -1.3 so it is not extreme in either direction. If we see volume pick up and/or retail sentiment show up as buyers then that could add more fuel to the bearish fire. Good luck and happy trading!
Short
by JWagnerFXTrader
4
2 Clusters of Wave Relationships - 1.1400 and 1.1455 for ShortsWith the ECB prepared to announce their next round of genious analysis and monetary policy tomorrow morning, let's take a moment and assess the Elliott Wave picture for EURUSD. As we will do from time to time, we'll identify key levels to watch prior to news being released to establish the game plan before emotions run high. From a bigger picture, the sell off from late August to early Sept 2015 is a 5 wave move. Due to its position, that 5 wave move needs at least one other 5 wave decline to match it. So from a bigger picture perspective, the Aug 24, 2015 high will likely hold until we retest levels near the 1.04 handle. Shorter term, there are 2 different clusters of wave relationships showing up near 1.1400 and 1.1455 (see tan boxes above). I am showing either level as the end of a smaller degree red circle wave '2'. Either of these points could be a pivot level to launch the next round of selling. The selling since yesterday's high appears to be a correction and therefore I'm leaning towards higher levels to short rallies from. Your comments are appreciated.
Short
by JWagnerFXTrader
4