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Impulsive

NZD ~ Bull Time ~ Over Next Few DaysI'm really liking the look of this projection for an impulse wave UP for NZDUSD. The wave 2 retrace was just barely shy of 61.8%. Would have liked a touch, there, but it's close enough to play in my game. Fib projected targets line up beautifully with visual support and resistance levels, as well as volume profile value areas and POCs. I'm going to jump in and out of this, going long, for the next couple of trading days, when my algorithm signals! Included pitchfork has some very accurate touches, visible on lower time frames. Check it out!
Long
by DonjonCapital
EURGBP is short in 1DIt might look a little complicated but i tried to make it as easy to understand as possible.In our big moves (i showed with black ) we are in the 3rd wave of our correction wave (c). to zoom in the 3rd wave you see it has almost finished the 1st wave of it and it will go for correction in a bit.then it will fall down again,since that's gonna be our 3rd wave of our 3rd wave it might move really sharp so be careful. P.S : I didn't show the exact point and it's just a more possible area for it.
Short
by UnknownUnicorn3495751
German DAX Eyeing 14k-15k - Elliott wave AnalysisHello traders, and welcome to a new daily update regarding the German DAX. On the Weekly time frame of DAX we see price trading in a nice and clear impulsive and bullish sequence up from 2009. We can see a nice five-wave movement up from the lows, with final wave (V) of a higher degree in play which can in weeks and months ahead take price towards the 14000-15000 region. Now switching to the Daily time frame, where we see price trading in a contracting and sideways correction, which can be labelled as a higher degree sub-wave IV. This correction is known as a triangle, which is a continuation pattern and moves into the direction of the trend( in our case to the upside). Triangles also unfold prior to the final move within a cycle, meaning once this triangle fully unravels a new rally above 13600 as sub-wave V of (V) may follow. That said, a the moment we see leg D of a triangle in play, that can look for resistance near the upper triangle line. Thank you, and take care. Cheers!
OANDA:DE30EUR
by ew-forecast
1
Impulsive Wave & Correction WaveIn the Elliot wave principle with fibonacci, if the swing failed to go beyond 61.8% to 38.2% of the previous impulsive swing, the market is pricing in correction size, and the previous swing direction remain as primary direction. The next impulsive wave will likely follow the same direction. And this is what happening in WTI Crude Oil, the previous rally failed to sustain above 71.13 indicated the price trading in correction. Moving forward, trader please monitor this price level for direction indication. Current swing projection will be post in the next post.
NYMEX:CL1!
by Johnkiew
Gold - Neutral Position, Approaching significant levelFor the past week or so, Gold has been trading in a tight horizontal price channel, bound between 1205 and 1217. However today Gold has posted a new low just hovering above the 1200 mark. Whole number points (1100, 1200, 1300) are incredibly significant in terms of trend analysis as they almost always show records of market hesitation before continuation in the trend or a trend reversal. The psychology of markets is very interesting and can provide solid insight into our trading behaviour. Whole numbers are significant in markets as they are key milestones as the numbers are significant figures. As you can see on the chart, I have highlighted significant market hesitation and reversals that are centred around the 1200 and 1300 point mark. The tops and bottoms in the highlighted circles represent a far greater amount of support and resistance at the 1200 and 1300 point level than the other tops and bottoms at non-significant figure areas. I can confidently conclude at Gold at least that the 1200 point line will be a statistically significant area and is more than likely that an extended hesitation or a strong trend reversal will occur. My analysis highlights that my investment strategy is inherently neutral at the moment as the 1200 mark hasn't yet been breached. Also in contention, is that two strong trend reversal indicators (that I have relied on before and been successful) are showing divergence signals. The MACD and Chande Momentum indicators are clearly showing a divergence, however, both are confined are in an emerging triangle pattern with equal likelihood to go either way. Supplementing my analysis, is that Gold is trading below the 61.8% Fib which is, in my opinion, the most significant Fib level. At this stage, Gold can go either way. Do be aware that a break of the 1200 line doesn't necessarily constitute a strong sell position. Gold should show a continued decline over the week before a confident sell position can be had. If Gold doesn't reach the 1200 point, it may point out that the bears are exhausted and a reversal is on the way. To consolidate this view, a casual decline in volume should occur and indicators are either showing overbought conditions, indicator trend line analysis or a strong divergence in more than one indicator on at least a 4 hour chart. As such this is my analysis, watch it closely this week as key movements are vital to this analysis.
FX:XAUUSD
by Dubsta000
EURO/$(Breakdown)-Are the Impulsive downtrend waves completed?Short and simple(the graph might be harder to read as there are some elements overlapping, but I'll explain them here). By this point almost everyone knows what's going on. Just today EURO/USD hit one of the wave 5 landing zones(1.62x wave 1) around 1.1432 , and immediately bounced back. This is supported from the chart as the 100+200 week MA's, are around the same area, as well as the 0.5 Fibonacci retrace support line. Here's the catch. DXY at the same time broke-out of its yearly sealing price around 95.52-96. This is crucial as it just happened at the end of the week, and if in case the DXY closes at it's current index, this could give enough confidence and strength for the dollar to run even higher. My guess here for the DXY index would be either the 2015 highs in around the 100's or, the 2016 highs in the similar range(more leaning towards the 2015 highs). If this would be the case, I can see the EURO/USD going down eventually to 1.18 before finally correcting in an ABC matter(this is easily readable from the chart). This area perfect matches the 0.62 Fibonacci ret. zone. RSI/MACD were included in the analysis and do support the analysis, but they were excluded from the post in order to show the wave analysis. Finally considering all the recent recession talks. In my opinion, there's a high likelihood of a recession happening this fall. Then of course, all of the analysis done here, could be thrown out the window, since no one with a serious certainty can really guess the erratic behavior expected from the markets. But on this matter maybe on some other idea(please, do comment on this matter down bellow!). On a personal note, it's such a bummer that the dollar is running this high as I'm about to travel to the States the following weeks. -Happy trading folks . . . Disclaimer: //This is not a buy/sell sign, you decide what to do with your own money!// If you liked my take on EUR/USD , comment your thoughts, agree or follow for more interesting TA's, it's all very well appreciated.
Long
by step_ahead_ofthemarket
3
AUDJPY upside?I have labelled a five wave count and believe to be witnessing the unfolding of a C wave. I do think the B wave may be a very short lived, shallow correction, almost a stall of price action before the C wave occurs. RSI and MACD seems to be looking upside. The moving average is approaching price action from below indicating upside also. On this trade stops could be tight and take profit could be anywhere around the end of the 3rd and 4th wave. This would provide very favorable risk to reward. Any advice or feedback is appreciated. Thanks.
by EamesAnalysis
My Take On Chicago Bridge Elliott Wave MovementsEverything looks upward moving for CBI. Although a test came for dropping below the bottom at 12.10 on April 23, the bleeding stopped at 12.12. I believe the stock is currently in: Grand Supercycle: 1 Supercycle: 5 Cycle: 1 Primary: 3 Intermediate: 1 Minor: 3 Minute: 3 This chart displays my projected path through end of August 2018. The chart below is the projected movement through May 7. The chart below is the projected movement thorugh May 21. I will continue to monitor this movement as I am long with exit plans around August-September 2018. My ultimate target is 31.00 by September. Also expect 24.00 before end of July.
CLong
by StockSignaler
Gold impulse down after finish of the 5 wave structure?Gold seems to have finished the 5 wave pattern which my other gold prediction covered. The five wave cycle has finished and has formed an A wave, is currently in the B wave and I am looking at any break of the short term trendline. This would confirm downside. I would not be surprised if the correction did retrace to the 50-61.8% of wave A before wave B finishes, however, it may break before. Clear impulse, correction and aiming to catch what should be the final impulse down before the up trend resumes. Watch to see if correction becomes more complex, if not, then simple set up for the down side with nice R:R. Once again, any feedback or advice is appreciated. Thanks.
FX_IDC:XAUUSD
by EamesAnalysis