XAUUSD reaching ATH again BUT Instead of forming triangle on "Base" before "Rally" to 2700 +/-at wave (IV) (blue).. Gold probably forming a complex tripe (W)(X)(Y)(X)(Z)(yellow) three pattern in wave (IV) (blue).
I believe we have just experienced a rare triple three correction pattern and are looking to go up from this point for the time being.
TOPGLOV price might be forming a wedge pattern which is probably at its last phase of completion also developing as a triple zig zag wave pattern W,X,Y,X,Z( Red Circled ).. the Z wave probably will be reaching at around RM3.50 ( As what JP Morgan Predicted )..which is 1) the lower trend line of the wedge pattern and also 2) the weekly 200 EMA Support line 3)The...
This type of extended Elliott Wave Pattern is known as a triple-three combination. As you can see, it is extremely complex and ends with a clear triangle. I have never seen such a complex, corrective wave sequence this clearly pronounced, nor have I seen one of such long duration (and catch the very end of it). This identification of this pattern is extremely...
Usdjpy is on its way t the Z leg of the triple three correction as explained in our last analysis. We are currently in a sell position for the wave c of thIS Z leg. The invalidation level for this analysis is around 107.000 psychological number
The corrective structure forming on the usdjpy chart as shown above is a triple three correction. I expect market to complete another zigzag move down to complete the last leg of (W-X-Y-X-Z) correction.
Current Estimate Still sure we are in a Triple Three combination WXYXZ Currently in the B wave of the Z. Looks like the A and B waves of an ABC are finishing C target looks to be ~$8600-8750 FIb confluence zone meeting with Channel top around $8600
This correction might not be over. We have already completed pattern 3-3-5 Flat Correction, Primary Structure - Double Zig-Zag in Intermediate (W). Then we completed what looks to be a large ABC pattern or Wave X and is developing, Intermediate (Y) - Expectations and Minor degree ABC sequence. A "Double Three" will complete one corrective wave pattern, or there is...
MONTHLY LEVELS AND TREND LINE TRIPLE TOUCH now complete. Until today, the trend line had never been retested for the third time. My technical analysis and fundamental bias lead me to believe that XRP is headed to make substantial new highs during the month of May. The monthly candle closure is imperative in the next 7 hours, as we are looking to stay above the...
This counting is proposed instead of the counting in the " RELATED IDEAS " below which contained a rule violation regarding the interference between the subwave 4 and subwave 1. The current counting propose a triple three being in progress , and currently , the last final bearish wave Z is forming which might be an ABC Zigzag
Since the price has been rejected for two consecutive attepmts below 17.235 and couldn't close above that level, I think there is a probability of another leg down. Below 15.64 this count would be validated. It's unpleasant for bugs but we shouldn't be biased and trade what we see instead of what we want.
USDCAD has been bouncing around inside of a triple three sidways correction since May, 2015. The correction may continue, but the upcoming wave following wave-(C)-of-((Z)) will tell us more about what to expect. Bias is short toward the missed weekly pivot and previous fourth wave support unless the invalidation level is broken. Stay tuned for upcoming trade...
This is my preferred count for USDCAD - obviously expecting a Flat to complete the triple-three C wave. I say preferred because there is a possibility of an ending diagonal (replacing the overall WXYXZ structure) as the Y wave of Cycle degree. Learn more about Elliott waves
We've written about the GBP/USD a couple of times over the past month or so anticipating a wave 'B' bottom. This week, Sterling pivoted at the point where wave 'B' could be a false break down. This pattern we're favoring is the expanded flat pattern that began on March 18 2015. Wave A is a double (flat-x-zigzag) that terminated on June 17, 2015. Wave B as...
USDJPY has completed a possible ending diagonal at the PRZ of a bearish crab pattern. Ending diagonal target is confluent with the unhit daily pivot. Entry is placed at 1.618XA with SL above 1.786XA and target at Wolfe Wave target line and beginning of ending diagonal. Target also confluent with unhit daily pivot for 1/22/16.
AUDNZD has completed the "e" leg of an expanding triangle in a complex triple three correction. Triangles commonly mark the end of a three wave reactionary wave and thus an upcoming bullish move may be impending. A possible cypher will make for an optimal entry long. In the case of the triangle continuing to 2 or 4 additional three wave moves off of the...
Another look at GBPUSD corrective structure and wave combination. I concluded that we are near to an end of correction with a Triple three completion. My previous count was discarded. None the less, looking for the same direction. But price has to make an strong motive move first before any entry is considered.