Insidemarket
USDJPY - FIVE WAVES CONSOLIDATION IDEA.When ABC is not enough to correct, then it shall have 5 waves: WXYXZ
Happy trading!
BRENT - Five waves as potential final wave of ZIGZAG.If there is a reversal, these double ZIGZAGs could be part of a flat ABC on daily.
Good luck!
IBOV - Five-waves up completed: time for retracement.Fibonacci levels are the targets.
Happy trading!
GOLD - Ultimate wave-count reveals third wave in development.My latest analysis differs from the previous ones on short and medium terms.
It will go up until further notice.
Good luck!
GBPUSD - Alternative wave count for daily consolidation.Expecting ABC for the next months as you see on chart.
I am considering this analysis over the previous one. (see RELATED IDEAS).
Good luck!
UKOIL - Five waves completion: correction time for daily ZIGZAGThese five waves could be an "A" wave. If breakout occurs, the retracement of the "B" wave (hourly correction) may reach the 38.2% (as you can see on chart).
Happy trading!
EURAUD - Wedge about to be completed on daily basis.Primarily I thought this wedge could be a 'C' wave, which means that I was expecting a long term bullish movement . But analysing the wedge itself I can count 5-3-5-3-5. By that, this could be a leading diagonal, which means that it is a 'A' wave or first wave for a bearish movement. (3 waves or five waves downhill).
This pair is tricky. Too much manipulation from the EBC distorted the waves. Any trade here should be have great risk/reward ratio to pull it off.
Follow the price!
BRENT - Downtrend wave analysis + Correction idea.Assuming this bear impulse is the first wave of a 5-waves structure on daily/weekly. It could be at least an ABC if price does not hit the 23.6% retracement (see CHART).
Trade with care!
AUDJPY - Something is going on Yen pairs.Could the demand overwhelm the supply?
Let me know what you are thinking!
GOLD/DOLLAR - Potential hourly ending diagonal.The last fifth wave of daily/weekly zigzag correction (reactionary upmove) can get complex, which is fair enough based on exhaustion of the daily uptrend and the expectation of a great bearish movement on weekly basis.
Happy trading!
BRENT - Possible daily Ending Diagonal for C-wave on WeeklyAlternative wave count for the current weekly C-wave shows a potential ending diagonal as fifth wave.
Zig Zag on weekly basis
Good luck!
