DollarPipsFX

DollarPipsFX

I'm hoping for price to drop down to as my red arrow as that would mean price was doing a FLAT for the Minor Wave 2 within the C LEG of my Zigzag. If that's the case I'll be buying at the the end of the FLAT structure for Minor Wave 2 and riding the price till it completes all 5 waves of the C LEG of the zigzag.

DollarPipsFX

MAJOR TIMEFRAME For USDCAD In the major timeframe I believe we are in a corrective structure after an impulsive 5 wave move to the downside. The corrective structure formed seems to be unfolding as a triangle. Within that triangle we seem to be In its final leg which is LEG E. We can expect this LEG E to unfold in a 3 wave pattern by either being a (Zigzag 5-3-5)...

DollarPipsFX

Based on the smaller timeframe mapping i believe we are currently in the Minor Wave 2 within the Major Wave 5. I believe we still have one more push UP before any Bearish Movement.This is because we can expect Minor Wave 2 to complete as a Zigzag Corrective Structure. We seem to have completed the 5 Wave LEG A followed by 3 Wave LEG B of the zig zag at the moment....

DollarPipsFX

Major Timeframe For WTI I believe we have actually completed our Zigzag corrective structure in the major timeframe. One way to identify if its a Zigzag or not is by measuring its A LEG and C LEG, these two LEGS are usually identical in length. Besides that the market also formed in a 5-3-5 structure further strengthening our assumption that the move down for a...

DollarPipsFX

MAJOR TIMEFRAME For Bitcoin it seems like we are about to complete our 4th Wave in the major timeframe. As we can see the 4th Wave is unfolding to be a FLAT corrective structure. Based on ELLIOT WAVE'S theory a FLAT structure is usually in a 3-3-5 Form. We can see that LEG A of the flat completes as a 3 wave pattern and so does LEG B as well. As for LEG C we...

DollarPipsFX

Gold seems to be completing LEG C of the Zigzag as a Diagonal. Therefore I believe we still have one more push up for LEG E to complete The Zigzag for MAJOR TF Wave 2. LEG E has the tendency to overshoot its channel so beware of that. Once LEG E is complete we will be going for our Major TF Wave 3 SELL, which will be in a 5 Wave Pattern down. NFP is tonight, so...

DollarPipsFX

As mentioned in my previous analysis, we expected Gold to push down to complete the Flat Structure for its Leg B in the main Zigzag corrective structure for WAVE 2. Now that we are done with LEG B of the Zigzag we can start focusing on LEG C of the Zigzag which should unfold in a 5 waves pattern. Right now we seem to have completed Wave 1 , selling at this point...

DollarPipsFX

For Gold in the minor timeframe I believe we would have a push down to complete LEG B of Wave 2 which seems to be unfolding as a Zigzag. Tale Profits would be around the start of the minor leg A or even sometimes exceeding it by a bit. After that we shall focus on BUYS to complete LEG C as a Zigzag for Wave 2.

DollarPipsFX

Based on the smaller timeframe mapping i believe we are currently in the Minor wave 2 within the Major wave 4. I believe we still have about 2 more pushes to the downside before potentially seeing any Bullish Movement. For now I will be looking for sells. However I would CutLoss If price breaks and stays outside my channel and overlaps with the wave 1 within the...

DollarPipsFX

I believe we are coming to the end of our Wave 1 within our Major Wave 2. We are currently in the 5th Wave of the Minor Wave1. I believe there will be a little more push down to complete and satisfy the ELLIOT WAVE COUNTING for Minor Wave 1. After that we will see a deep retracement for wave 2 which I will update in the near future Please note that arrows are...

DollarPipsFX

For AUDUSD i believe we are currently completing an impulsive move to the downside. We are currently in its Major timeframe Wave 5 and also in the Wave 5 for the minor timeframe. I believe there is an extension for the Minor timeframe wave 5 hence price is still going to drop untill it completes the 5 waves necessary following all of ELLIOT'S WAVE RULES. Please...

DollarPipsFX

I believe we are at the end of our expected flat .structure of Wave 2 within the bigger timeframe Wave 2. I believe now we may see price rally pass the resistance above to complete the major Wave 3 (small retracement in between for Minor Wave 4). I believe this will be the last surge up with momentum up for Gold before having a big dip in the longer term. This is...

DollarPipsFX

STRUCTURE FLAT Completed LEG A ( 3waves) Currently awaiting to complete LEG B (final wave) Awaiting completion of leg B which will be about the start of Leg A or sometimes exceeding it by a bit. Once that completed, ill wait for reversal signs and SELL There for 5 waves down and TP to be around the 50%-61.8% of the fib retracement. DO NOT ENTER UNTIL YOU SEE...

DollarPipsFX

MAJOR TIMEFRAME In the major timeframe GJ seems to have completed a 5 wave move down and currently in the process of completing its corrective structure which seems to be unfolding as a FLAT. Within that expected FLAT structure we seem to have completed its 3 Wave LEG A followed by 3 Wave LEG B and now we are in the process of completing its 5 Wave LEG C. That...

DollarPipsFX

MAJOR TIMEFRAME For NZDUSD, we seem to be doing a FLAT structure after a 5 Wave movement to the upside. Within the flat structure we seem to have completed LEG A which completed in a 3 wave patterm and now we are in the midst of completing LEG B which should also unfold in a 3 wave pattern. After the completion of LEG B we will be looking for MAJOR SELLS for LEG C...

DollarPipsFX

MAJOR TIMEFRAME For AUDUSD, in the major timeframe we seem to be doing a 5 wave/impulsive movement to the downside.Within that expected 5 wave movement we are currently in the 5th and final Wave. As we can see from the DAILY chart we seem to have completed Wave 4 with a Zigzag. Therefore now we will be focusing on WAVE 5 which would itself be unfolding in a 5...

DollarPipsFX

FOR USDCAD on the minor timeframe we are still in the process of finishing up WAVE 2 which seems to be unfolding as FLAT Corrective Structure. Within that FLAT structure we seem to have completed the LEG A 3 wave movement followed by the LEG B 3 wave movement. The final LEG C now should unfold in a 5 wave movement down to complete Wave 2. Within the mentioned 5...

DollarPipsFX

For USDJPY in the minor timeframe we are currently in a triangle. Within that triangle we seem to be in its LEG D. The legs in the triangle structure usually unfolds as zig zags (sometimes as flats). LEG D of this triangle seems to be unfolding in a zig zag as well. We seem to have completed the first leg 5 wave movement down. Next for the 2nd Leg which is 3 wave...