Analysis Methodology Used: Bill Williams Trading Chaos
Analysis Methodology Used: Bill Williams Trading Chaos
Analysis Methodology Used: Bill Williams Trading Chaos
Analysis Methodology Used: Bill Williams Trading Chaos
Analysis Methodology Used: Bill Williams Trading Chaos
Analysis Methodology Used: Bill Williams Trading Chaos
The previous wave count - was disabled because the level 1506 usd was broken. Yesterday's and today's news release provoked the formation of an irregular correction when Wave B makes a new high. Wave C may drop to the beginning of Wave A or below it. 5th Wave - expected. We will see its peak on October 7 or October 8 with news releases that are due on these dates.
Analysis Methodology Used: Bill Williams Trading Chaos
First - price will go up Wave 4 target 7400-7600 , after down - Wave 5 with target 6300 - 6500. This 5 wave count forms Wave A from ABC correction. Target of Wave C 5200 - 5300 on bigger Time Frame
Waiting for wave 5 from C wave in ABC correction.
One more leg up - wave 5 from wave 3 higher level after correction to 5400 - 5450
On chart we can see red wave 4 - irregular correction (top of wave B higher then top of wave 3) I expecting one more leg down to 14500 - 14000 (wave 5 from wave C from wave 4) after - will start new 5 impulse waves up.
After the end of wave 3, we saw an irregular correction ABC (the top of wave B is higher than the top of wave 5 from wave 3 of the higher level) - (wave 4). Now we are waiting for the crossing of zone 0 on the MACD oscillator - this will be the beginning of wave 5. After correction - to 4900 - 5100 level.
I think the more likely scenario is an upward movement that will form the C wave.
addition to the previous chart