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CADJPY Short: EW Count, Completed Expanding TriangleHey traders! Looks as though wave-((b)) of the correction has complete and a potential five wave bearish impulse may finalize wave-((c)). It is important to consider, however, that there are in fact multiple alternative wave counts with this type of potentially complex correction. If price powers through the bottom of the pinbar candle, this will be an adequate indication that the next move will be a five wave structure into wave-((c)) and I will take the short. Also, a pivot cluster sits near target which may pull down price toward the ((c)) wave. Happy trading!
Short
by glennmercer
3
EURUSD Long: Elliott Wave Count + Triangle BreakoutWe have a potential break out of the descending triangle. This could either be a continued bullish correction past previous highs, a continued sideways correction. Alternatively, Wave-X could be counted as a series of bearish impulses and this breakout could be a temporary bullish correction before further downside. If that's the case, I will look for bearish opportunities after SL is hit. Either way, I like the odds of a buy here. Cheers
Long
by glennmercer
2
Elliot Wave AnalysisEur Usd is in Wave 4 At Weekly chart ,,,Triangle Formation ABCDE Formation ,,,will Complete in 33333 ,,,,At this moment we are Dealing with Last Leg E in 3 ( ABC ) Impulsive , Correction , Impulsive .... Now come to 60 Min chart . It is First Impulsive of E ,,It is in 12345 .... 1 = 12345 Complete ,,2 = ABC Complete We are in middle of 3 now Will be in 12345 for sure . 4 ( ABC ) and 5 ( 12345 ) Still to come Main 4th and 5th Still pending ... Trade at your own Risk .
Long
by Elliot_Wave_Reloaded
1