Edwin_J7

Edwin_J7

Price was making a big moves recently and we can identify Elliot Wave pattern. It looks like price is about to finish wave 3 and should make a correction now towards demand zone. Also that zone combines with 0.5 FIb level so I think the price might bounce there. What do you think about SLP?

Edwin_J7

The price reached a supply zone and we can see that it bounced from that zone meaning that the selling pressure might start. I would recommend to search for selling opportunities on the lower timeframes. If you want to to sell now the risk to reward ratio is 4.3.

Edwin_J7

Yesterday SLP broke out of descending channel also breaking the triangle. We have the first impulse upwards and it makes sense now to wait for a correction and enter the market before the second impulse. I would expect a bounce between 0.618 and 0.786 Fib zones. Also in that area market would retest the descending channel and triangle. Market made a liquidity zone...

Edwin_J7

Jasmy made a huge move up recently, making an extended third wave of Elliot Wave analysis. I spotted a triangle which is a correction/wave 4.The price now is near 0.382 Fib level so I expect a bounce after triangle is finished. I would buy when the price breaks the triangle upwards and put stop below "E". What do you think about it? :)

Edwin_J7

Recently Jasmy is showing very clear patterns. Based on Elliot Wave analysis I think we just had an extended third wave and the market should make a correction towards wave 4. Considering the rule that wave 4 can't go below wave 1 I am expecting a bounce above the top of wave 1. There might be a demand zone matching 0.5 Fib level so I will look for buying...

Edwin_J7 Updated 

As Euro continues to fall we might have one more opportunity to take the trade with a trend. Based on Elliot Wave analysis on a larger timeframes market already finished it's 4 wave and now heading towards wave 5. We can see that the market had the first impulse after the wave 4 was finished and now the market is making a correction. I spotted a supply zone just...

Edwin_J7

GOLD finished it's full Elliot Wave pattern and made a correction to 0.886 Fib zone. We have a demand zone just below 0.886 Fib level where I was expecting a bounce. We can see now that the price bounced from that area and made a first impulse upwards. I would recommend to wait for a first retrace on the lower timeframe and search for buy opportunities around 1920...

Edwin_J7 Updated 

After a long decline we finally have the first impulse upwards. Based on Elliot Wave analysis it seems that the market just finished it's third wave and now making a correction. I spotted a supply area between 0.618 and 0.786 Fib retracement levels so I am expecting a bounce in that zone. Risk to reward ratio is 1 to 5. Good luck everyone :)

Edwin_J7

It looks like LUCID is about to finish it's full Elliot Wave movement and the correction reached 0.886 FIb retracement level. I am considering this as a good opportunity to take a long position and target the previous All Time High. Risk to reward ratio is almost 1 to 3.5 Good luck everyone :)

Edwin_J7

Looks like an ending diagonal. Good luck everyone!