Ak_z

Ak_z

Formation of Wave 1 in progress. I foresee that it will retrace at strong support @ $100.773 and forming Wave 2. Wave 2 will end with TP at $94.775, following Wave 2 rules with retracement of nearly 76.8% of Wave 1.

Ak_z

Wave A completed its 3rd subwave indicating end of Wave A. Waiting for new formation of Wave B by confirmation of supply candlestick pattern in H1 or M30. Expecting TP of Wave B @ strong support line with 78% of Wave A at price of $98.7.

Ak_z

Wave 5 Elliot wave completed its 5th subwave with 100% of Wave 1. Expecting to form Wave A, and wave B retrace at 78% of wave A. To entry once Wave A from a candlestick pattern bullish/demand pattern, at the beginning of Wave A. Very good bearish pattern (drop-BASE-drop) at beginning of wave 4, expecting new bullish Wave A to target at the BASE - TP at $105.8

Ak_z

Wave C ended with strong support @ $107.3. Price rally back and retrace making neat formation of newly Wave 1 & 2. Let's follow the rally of wave 3 towards $112.

Ak_z

Rally has ended with end point for wave 5. Now formation ABC appears in a control percentage pf Fibonacci. Target wave C having 100% of Wave A. To go bullish towards $104.5.

Ak_z

Considering sniper entry as occurrence of sharp Rejection @ $104 (retracement of Subwave 2). Fibo showing 68% retracement of Subwave 1. Hence, confirming bullish towards end of wave C ($113-114).

Ak_z Updated 

Ending of ABC H4. Now entering new wave 3 for 30 mins chart with projection of bullishness up to $121 for typical 161% Fibo target of Wave 1 Elliot wave.

Ak_z Updated 

30 mins wave C extended beyond 100%. Reached 168%, hence change to reversal impulsive wave. Target to retrace up back to 109, the continue bearish towards $100.

Ak_z

Intraday

Ak_z

Intraday