GBP/USD vulnerable - Ending Diagonal vs cause-effect GBP/USD has possibly finalized the Ending Diagonal and could start a deeper Bearish Sequence.
if Breach of the Pivot, I will be very Bearish moving forward.
Wavetheory
Intel Set To Lead Intermediate Bears DownAlthough, harder to identify at first, Intel Corporation is in the process of Grand Supercycle Wave 3. The stock has most likely met a near-term top or will do so no later than tomorrow, January 23. Our short-term target is 40.50 by the end of February. Our Intermediate target is 30.00 by June of 2019. Once the stock reverses up from this 30 mark, the stock should fly high for a while. Finally, the long-term target is 78.00 well out in to the future (2022-2024). As always, the rest of the stats will be up shortly on our site.
Further Analysis Shows A Drop Is Coming For CBIWe have "zoomed" in further and are highly confident Cycle wave 1 has ended for CBI. The stock has met 3 Fibonacci retracement and extension points while creating Cycle wave 1. The stock is set to drop over the next few weeks. Our target is south of 17, most likely around 15. Once this bottom is met, the stock should head to 25 in the next 6-7 months. Full analysis in my other idea and website.
Chicago Bridge and Iron Set To Gain 66% By OctoberChicago Bridge and Iron makes reading Elliott waves easy. Even though the stock has had a rough time of late, it was a natural movement when wave theory is applied. The stock is set to drop 20% over the next month to month and a half. Once the bottom is found, the stock should gain 66% over the next 6-7 months. More is detailed at limitlesslifeskills.
NZD/CAD Multi-year potentialHey this pair looks like it has been correcting for the past 17 years and it may be breaking out to the downside.
I have a sell stop order in red and I'll be looking to add to this one on the way down.
Long term chart - fxtop.com
What if BTC is going to 9000? What if it will go to 3500?BTC Wave Count is suggesting that there is a possible Extension in play for Minor C (red) within Minute III (red).
9000 Levels represent 100& Fibs Extensions of Minors A & B (red) and 150-161.8% represent a possible Breach of 9000 Levels which would indicate that there is a major sell-off in play which could reach the 3500 bottom.
Is this realistic? Does it make any sense?
I think so! BTC needs a solid pull-back before moving higher than 40-50K.
Even has potential of topping a 100K this year, is that realistic? Why not!?!
9000 Levels to be watched closely for reactions.
History Repeating Itself on GBPUSDHere we see the same pattern revealing itself as we have seen two times before in the past. 1.47000 is a long way away but it is possible price will keep correctively rising until that area. If we do see price come to that area expect to see a huge move down just like we have seen two times in the past.
Ripple to make a flag before going upAfter the recent spike up we will hopefully see a flag before Ripple BITSTAMP:XRPEUR moving higher.
USDJPY - Buy OpportunityLook for one of the following scenarios to play out. We may get a longer correction. in the overall Uptrend or we may start going back to meet the previous top before a selling opportunity presents itself.
AUDUSD - Short OpportunityLooking to sell this pair on the completion of this Corrective Trend Continuation Pattern.
XRP/USD (Ripple) - Potential Buying OpportunityWe are looking for Ripple to produce the following pattern before looking for bullish evidence. Confirmation of Uptrend will be present if we get a correction outside of the pattern.
ETH headed to new highsMy Elliott Wave Analsysis has ETH in minuette wave (v) of minor wave 3 of intermediate wave (3) of primary wave . Last night I posted targets for minuette wave (iii) , which it hit today. Then we were looking for a 38.2% retracement to the level of subminuette wave iv of (iii) and we got that move as well. From here we should see new highs before another pullback to the area of today's lows in interemdiate wave (4). In other words, expect some intermediate term choppiness for ETH, but new highs along the way until primary wave tops.
EURNZD - Buy to Sell SetupLook for confirmations for a buy once we have a lower timeframe impulse and correction. Once we get a move up start looking for momentum loss to enter long inline with bigger reversal pattern.
EURGBP - Short OpportunityWe are looking for either a trend continuation pattern to continue the sell on EURGBP or we could have another move up for our ultimate Z wave before a fall down to major lows. Don't miss this trade it will continue for some time once it breaks outside of the this corrective pattern.
EURAUD - Buy OpportunityWe are looking for a move up on this pair based on the ending structure that is being formed. Looking for a move back up to the trendline.
USDCAD -Buy OpportunityMid to long Term we are looking for USDCAD to come back to the bigger trendline.
GBPUSD-Short OpportunityWe are looking for one of the following scenarios on the pound. Look for loss in momentum as well as reversal candle sticks as soon as it begins to approach the areas highlighted.
EURUSD - Potential Sell OpportunityWe are looking for bearish evidence on this pair which should become evident in the coming weeks. If a trade setup presents itself an update will be provided. If pattern is invalidated an update will be provided with a new published idea.
BTCUSD (BITCOIN)- Selling OpportunityWe are looking for Bitcoin to potentially get to this level before looking for any signs of weakness in price. If no signs present themselves we look again for the previous top of the pattern before looking for another selling opportunity.
Where is BTC Going?On the 1hr TF BTC just finished a Full Impulse cycle (5 WAVE DOWN) and a Full Retracement cycle (3 WAVE UP).
A retest of the upward channel is imminent, which should coincide with the support bands drawn. The pullback to the MA and subsequent pull is also a strong indication that this will happen. Only if the Market crosses above the MA can we think about another wave up to higher values.
The indicator of where we're going will be at the 14000 Support. A move below it, followed by a pullback to the resistance (former support at 14000) and another push down will be indicative of a push down to 12500. Look for the pullback to the Resistance to coincide with the MA.
Sets up a good trade setup to short.
On the other hand, if the market pulls hard off the channel trend line, wait for a retest to get in long to higher values.
2 Strong Trade Setup Strategies!
Good Luck,
EURGBP Wait For Top to SellWait to see if price will reach the top of our descending channel again to enter short on this pair.
AUDCHF & NZDCHF Both Setting Up for ShortIn the 2018 trading year I will be looking for both of these pairs to fall short.
