Wavecount
USOIL Short: Potential Double Zig-ZagUSOIL is tough to predict in these sideways corrective waves, however there are some knowns based on wave structure. The most potential outcome based on recent structure is further downside. A bearish impulse off of recent highs will solidify the speculation and garner a potential short. Keep an eye out for a drop. Happy trading
GOLD Wave Count: Sideways to Potential CypherGold is in an uptrend on the hourly chart and a downtrend on the daily chart. On the weekly, we have a classic cypher pattern emerging if price should drop further. During this short-term uptrend (it will likely be short-lived as the wave is best counted as a corrective structure) we can see a channel potentially complete. I won't make any immediate trades, but this roadmap will have me looking for bearish impulses to ride toward the cypher PRZ. Cheers
USDJPY Elliott Wave Count: Correction Before RallyHey traders! I definitely want to be LONG this pair as the Yen has been weak against the USD and the trend is bullish. However, it looks as though the correction will continue toward the .382 retracement of Wave-(iii) before we see continuation. I will be looking for bullish impulses to get back into the bull rally. Updates to come - Cheers
US OIL US OIL Wave Pattern ( Corective Pattern )
Instead of making a 12345 Down wards ,,It made a ABC = X
Conclusion :::
It is in upward movement in WXZ Pattern .
So I am Long in US Oil till 56.5
Regards
Elliot Wave By mazchaudhry
Trade at your own Risk
Copper - Correction may have endedI personally don't trade this asset but it has devoloped a setup for my strategy.
An ABC correction/ Flat has run it's course and we currently have an impulse and a flag to the upside.
Byuing the break of the flag looks like a good idea.
JBLU Long: Another Breakout Opportunity!Hey traders, here is another bull flag breakout opportunity. I want to buy after resistance is broken. Happy trading
Oil - Final piece of C wave expected before the upmovePerfect setup for my strategy. I'll be looking for buys when this trade closes.
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!
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
Euro expected scenario With a confidence of the Euro /Usd is more expected to go down and fast to reach the support zone but maybe should have the Exit strategy too.
0.98 is the most expected price to hit in few months but if we break the recent trend we can look for a new high then a new low after that we will look to reach 1.20 level
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 .
AUDUSD Short IdeaAU is forming a nice ABC bear flag in a downward channel. I am looking for the price to break the channel downward after bouncing off of the .50 or .618 fibo line.
