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Wavetheory

USD/JPY Monthly/Weekly 7 swing WXYI am showing you this illustration to try and point out the bigger picture. A "B" wave is a 3 wave move. So far UJ has completed a 7 swing wxy for a "B" wave can be on the way up long term for a "C" wave (On both time frames). The only question is, will we get an "X" and a "Z" added to the swing pattern? That would mean we get a triple combo (which is rare) if UJ went down, but structurally the pattern has to finish out so even if it goes down, it should need to come back up to complete "C". Keep in mind, a "C" wave is a 5 wave, that has the possibility of correcting itself and becoming a reversal for a 5 wave of a larger degree. Will this help you trade it this week? Maybe not. But at least it might peak your interest into learning wave theory so that it can. (I don't teach it by the way) just sharing a chart.
by thillygoosth
XAUUSD Corrective Structure With Bullish Break AnticipatedXAUUSD is forming a larger corrective structure than what I had first expected. Bear in mind that this is the H1 time frame though so actually still a small move inside this corrective structure. This structure could complete with either 3 or 5 waves. Once we see the break of this structure to the upside and the larger structure on the daily time frame, this will indicate a strong move up. Contact me via direct message for any assistance required Cheers Linton
FX_IDC:XAUUSDLong
by Linton_White
3
EURCHF Bearish Corrective Structure Break With Big TargetThere is a big down trend on EURCHF larger time frame and we are currently watching the formation of this corrective structure before the break for more downside. Two options exist here. The break could happen now or alternatively we will see the formation of a 5th wave before the break. I will be watching smaller time frames for direction and entry triggers. Contact me via direct message for any assistance required Happy trading! Linton
Short
by Linton_White
1
BTCUSD moving towards 9250ish?BTCUSD could very likely be making a flag on the H4 right now. I think it will go sideways now for a bit. Before a potentially move up to around 7700-7800. This is where it will meet a big trendline. When it hits, we have to see what pattern it will make. I’m affraid that we haven’t seen the bottom yet. But if it break the major trendline the we can potentially go to 9250. Otherwise we will have to retest the bottom. If the MACD will follow the purple line we are going down.
BITSTAMP:BTCUSDLong
by madsroland
2
EURNZD Is It The Big Break Now Or Not?The corrective structure on EURNZD daily chart has broken to the upside but does that mean that it is time to jump into this trade? In my opinion we need to wait for confirmation of direction before entry. I am expecting to see a flag formation at this level on the H4 time frame which if it breaks up, I will enter the long. The possibility still exists that we will see a bearish formation with a break to the downside and a completion of the next wave down on the larger time frame. I am leaning towards the long at this point in time but will wait for confirmation before entering. Contact me via direct message for any assistance required Best regards Linton
by Linton_White
5
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
Long
by Linton_White
1
NZD/USDWatch NU at the .618 level. You have equal length lining up there also, pitchforks. Very strong level. Wave pattern on the larger scale tells me one more up to break the high. AU has been holding at the .618. Would be worth taking a look at Aud/Nzd when NU hits the .618 level. May get a sell on it when that happens. I think NU is correcting to complete a larger triple combo pattern with a large move down in the future completing a "Z" wave. But where it is at in this smaller corrective pattern has me expecting this move to be corrective to make one more push up.... Watch that level. Could take some time to develop.
by thillygoosth
4
USDCAD short Three Drives PatternIn this idea we apply technical to USDCAD 0.08% first approach on this pattern been at weekly timeframe and published on the daily so you all can have a better look at it. We looking forward to sell high at the very top around the 1.272 extension area. Which comes to be the same are for the -0.27 for the fibo retracement Pattern is forming and respecting pattern structure, starting with: We see the strcutrure creating higher highs witch second drive ends at 1.272 of first extension Looking the same for the third drive were we are looking forward for kill zone. retirement happen between 0.618 and 0.768 ( end of A) Also we can se a ABCD pattern formation inside the three drives formation as usual in this patterns Take profit looking forward at the 0.618 of the fibo retracement for the first leg
Short
by btocastillon
5
IOST short term flips for the long term holdLoving that IOST. This is my general feeling towards iost for the immediate future. The price action shows strength on the bull's side. I'm pretty sure we can all see that the general trend is up, so a long term hold will surely win. However, if one wants to flip a bit of their iost for profit... Here are some projections for our dearly beloved iost. Our token appears to be making horizontal movement within a range, shown in blue. If it breaches the top horizontal blue line, it will be making bullish movements. The bottom, bearish. The bearish targets are shown in red and the bullish ones in green. The bold red line is a point of interest. It represents the NT value for the bearish set of targets. If we spend enough time above this bolded red line then it makes it more and more likely that we will not be reaching any of the other bearish targets, in other words, it is bullish. This can be seen as resistance that we must break, along with the upper light blue barrier. I have a bullish bias. We appear to have made a nice bounce off of the 2 hour conversion line, which would have been a beautiful entry. The price is trending upwards because it is above the cloud. The trend has momentum because the conversion line is above the base line, and the price is above the t-k lines, and the t-k lines are above the kumo. The kumo is largely flat but still experiencing a bullish "ebb/flow" shown by being green. If we take a look closer, at the 1hr, we can see that all of the above bullish signals are also true, except the t-k lines and the kumo spans are trending upwards. This is bullish. Pick your entry and gamble wisely, if you don't have one already. I personally try to make bearish targets just in case things head south. I am personally long.
ILong
by Thegreatomski
3
AUD/USDAU made 7 swings down creating an over lapping diagonal pattern breaking trend line creating a smaller diagonal as it did so. It can extend down a little more. We don't have full confirmation of reversal, but you do see the bands and the level that it is at. I believe it to be in correction, which considering the price action on the weekly I would expect a more complex pattern, and as far as the wave pattern goes it would be totally possible for it to go up to break the high in a double combo 7 swing pattern, in which case it would probably not break the last low, however it can... That pattern could extend all the way up to that zone.... 38% from this very spot lines up exactly with the level u see marked. I'm not saying to just swing it and go for that, but I see it as very possible considering that this is the exact pattern it has made up to this point.....
Long
by thillygoosth
USD/CAD projected patternConsidering Ucad's patterns in the past and also its current structure in relation to fibs, if it was gonna break out to upside, I will look for it to do so in this manner, possibly creating a 7 swing or triple combo. As of right now there is no setup in my opinion. Seems to be measuring out for a 7 swing, but depending how it shakes out, that 1.3000 level would be one to watch possibly for another sell. It did come off the .618 and could continue to the downside, but I highly doubt this pattern will be that simple. Or it could reverse this week and continue down in a 3 wave to the .786. Regardless, there will be setups on it in the near future. I will do my best to try to keep you posted. Have to consider it to be in an uptrend for now until something changes.
by thillygoosth