Wavecount
general wave counting for Eurusd perspective
EURUSD
in M time frame we can see many complete Elliot cycles, which now we are at the mid of wave no. 2.
after finishing this phase i expect a big bullish wave 3
IT MEANS EURO 0.32% 0.34% WILL BE MORE POWERFUL THAN USD IN NEAR FUTURE. AND USA ECONOMIC trade WAR WILL BE HAPPEN.
never miss wave 3
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EUR/USD - Fractal Pattern - Bullish until 1.20 or 1.215"If you like what you see, please like and/or share. Thanks."
Here's why EUR/USD is bullish in my eyes:
1 - Corrective Pattern is about to be complete and a new Bullish wave should start.
2. Correlations and Wave Counts agree:
Next expected moves:
- DXY - Bearish Swing
- XAU/USD & XAG/USD - Bullish Swing
- GBP/USD - Bullish Corrective
- Indices - Bearish because of the VIX spike
- AUD/USD & NZD/USD are preparing Reversals
3 - Fractal Pattern.
This structure has been taken from the previous larger degree Corrective Structure which developed from March 2015 until December 2016.
After that correction, the EUR/USD started a Bullish Impulse.
Do you notice any similarities?
:)
Many pips ahead!
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* See my related ideas on EUR/USD.
* My details in the signature below.
Part 5 - Risk-off August - USD/JPY DailyUSD/JPY – Daily Resistance & Support:
Resistance: 112.00 / 113.00 / 114.50 / 118.00 / 124.00
Support: 110.00 / 108.00 / 107.00
USD/JPY – Summary:
Expected to continue with the Bearish Correction which could complete at or around 110.00 Levels, but could also reach 108.00 Levels
Bullish Impulse expected at or around the 110.00 or 108.00 Levels
Part 4 - Risk-off August - EUR/USD DailyEUR/USD – Daily Resistance & Support:
Resistance: 1.1800 / 1.2000 / 1.2150 / 1.2300 / 1.2800 / 1.2500
Support: 1.1500 / 1.4450 / 1.1310 / 1.1100 / 1.0800 / 1.0450
EUR/USD – Summary:
Expected to commence a Bullish Sequence which could reach 1.2000 or even 1.2150 Levels
Bearish Impulse expected at or around 1.2150 Levels
XAU/USD - Decision Time - Prom or Hospital?XAU/USD (GOLD) is about to make a crucial decision.
If the yearly support trend-line is broken, then I will loose all my faith in this precious metal until $1100.
However, it it manages to bounce in a corrective manner, then I will be happy to look at it with moist eyes later on.
USDCHF One Or Two More Moves Before The Big Break?On the daily time frame USDCHF broke out of a 3 wave structure and is currently forming a flag above this structure. A break of this flag to the upside should indicate the start of the move which will complete the larger structure on the weekly time frame.
This smaller flag formation needs to complete either a 3rd wave down and break up or 5 waves in total before the break to the upside.
Direct message me for any assistance required
Cheers
Linton
EUR/JPY - Bear Feast & Hunting SeasonYEN pairs seem to be showing the possibility to strengthen considerably against all majors.
Technically speaking, EUR, GBP & USD all fade against the all mighty YEN.
This can only mean one thing: risk-off period. Bears coming out again for another dip.
EUR/JPY Technicals:
- Larger degree correction still leaves room for more down-side.
- Ending Diagonal developing
- Bearish Harmonic approaching fibs
- Fibs Extensions coming
- EW Patterns almost complete
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Many pips ahead!
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Deutsche Bank (DBK) going bust - Banking Crisis in EUWith volatility coming back and with the VIX seriously threatening with a "fear spike", I am now looking at Deutsche Bank DBK .
It seems like it could fail, which would agree with the DAX wave count and the overall Market Crash pattern.
Could this be the next Banking Crisis ?
cad/chfYou may be better served risk wise to just wait until next week to mess with this. But Cadchf came off the .618 retrace and both trend lines of its impulse wave patterns. I would prefer to see a bull trap pattern before entering but the .38 retrace of what is possibly a wave 3 lines right up with a wave 5 clear out of this smaller wave. That target would make sense because we could just be on wave 3 of 5... Or we will get a much deeper retrace of this 5 wave. Being Cadchf, I would prefer to see some more confirming price action here at the end, but be on the lookout for possible sell entries to that level in this upcoming week. For better understanding of what I mean by price action and whatnot, subscribe to my you tube channel and watch the free educational live streams.
USD/CAD - Bearish Minor C - End of CorrectionUSD/CAD previous Bearish views and set-ups worked out amazingly good and the Members cashed in some impressive green pips.
Previous Articles:
USD/CAD (dollar/loonie) - Elliott Wave - Long Term Forecast - BUY & SELL
USD/CAD-Dollar/Loonie – Bearish Break-Out – Intermediate (C)
Now it looks like another Bearish Wave could be preparing, therefore, I am signalling the alarm once more because we could be in for another dip.
Intermediate (Y) (red) is expected to complete along with Minot C (red).
Minor B (red) Technicals:
61.8% Fibonacci Retracements of Minor A (red)
100% Fibonacci Extensions of Minutes w&x (purple)
150-161.8% Fibonacci Extensions of Minuettes (a)&(b) (orange)
Decreasing volumes pointing towards an upcoming Bearish Divergence
As you can see, the Fibs are aligning for a possible Bearish outcome.
USD/CAD - SELL Positions:
Moderate Entry @ 1.3100 with SL @ 1.3400
Conservative Entry @ 1.3330 with SL @ 1.3600
Targets @ 1.2800 / 1.2500 / 1.2200 / 1.1900 / 1.1600
Many pips ahead!
DXY Bearish - Double Three Pattern UnfoldingDXY (Dollar Index) Structure shows me that it has more chances to show a Bearish outcome than a Bullish one.
According to the previously posted DXY - Cheating with the Joker - Double or Triple Three? video, this could very much turn out to be true.
Wave Counts suggests that the Double Three Pattern is complete and that DXY could start unfolding a possible Ending Diagonal towards 87.30 Levels.
Preferred direction is Bearish and the Main Count is my favorite at these times, however, should the Dollar Index start a Bullish move, I would be looking for limitations around 91.40 Levels.
Main Count vs Alternate Count:
Alternate Scenario:
If DXY would surprise with one more Bullish Swing, it would be most probably considered as limited because that would imply extending the current Corrective Structure from a Double Three into a Triple Three, which would rarely occur.
*Note: 91.40 would be closely watched if this scenario would turn out to be true.
Reasons:
50% Fibonacci Retracements of Minute III (red)
150/161.8% Fibonacci Extensions of Minuettes (w)&(x) (purple)
Bearish Divergence expected at the mentioned Fibs
Preferred Scenario:
Expanded Flat within a Double Three Pattern would be considered as complete at these stages as multiple facts point towards that possibility.
38.2% Fibonacci Retracements of Minute III (red) have been reached (default measurements for Minute IV (red)).
False Break-out caused by Minuette (x) (purple) decreases the chances of the Triple Three scenario
100% (default measurement) Fibonacci Extensions of Minuettes (w)&(x) (purple) have been reached
Sub-Minuette c (blue) of Minuette (y) (purple) unfolded as an Ending Diagonal which is seen as a reversal Patern
Minuette (ii) (black) shows a possible Right Shoulder in a Head & Shoulders Formation, which is a Continuation Pattern
Recent up-swings are causing lower-highs which could be a solid sign of upcoming Bearish Divergence
Dollar Index 2H Interactive Chart:
USD/JPY - Running Flat pointing towards 103.00
USD/CHF pointing towards 0.9050
Many pips ahead!
US Indices – Bearish Intermediate (C) – Aggressive SELL - Part 1During the Bull Market in Intermediate 3, Nasdaq was my favorite because of its Wave Count, hence the reason for the successful view on the NASDAQ100 – Bullish Minor 5 - Bulls Come-Back article.
US Indices synchronized their individual Bearish legs once they reached the tops back on the 2nd of Jan.
Same day, right before the sell-off began, I posted the CBOE (VIX) - Volatility Index - Pointing towards a Market Crash article in which I mentioned that volatility could return, explaining how complacency can turn into fear.
Primary Correction officially started then, with US Indices falling off the edge of the cliff and ending the first sell-off on the 9th of Feb.
This was mentioned and signaled multiple times during the Advanced Video Course (see Macro sections and Charting).
Since the sell-off, US Indices performed rather well, unfolding a Bullish Correction which ended on the 27th of Feb.
2nd of March low and 6th of March high are viewed as Bearish Minor degree 1 & 2 (red), therefore, I am starting to believe that the Major Sell-off could have started for Intermediate (C) (red).
Below you may find some Aggressive views and possible scenarios in which the risk is higher than usual but the potential reward could be worth it.
The S&P500 possible drop was mentioned in the SNP500: 2018-2019 Buy & Sell Orders - Correction & Market Crash post.
Warning, these set-ups involve high risk and aggressive approach, do not trade if you are not an aggressive trader!
Dow Jones (US30) - Short Position:
Entry @ 24660.00 (or Market)
SL @ 25000.00
Targets: 24000.00 / 23000.00 / 22000.00