ElliottWaveBelgium

ElliottWaveBelgium Updated 

This pair (as other usd pairs) has the potential to give some great results IF we see continued weakness in dollar. We can count 5 waves down, which is an indication of reversal in trend. We are currently in a ABC flat correction it seems, which might find resistance at the 61.8% retracement level or the 50% level where the 161.8% projection of wave A...

ElliottWaveBelgium Updated 

We seem to be in wave ((B)), playing out as a triangle. We can identify a clear invalidation point, below wave (A). Even though, we are bearish this pair, you can buy this up to 1.6020 or a bit higher if you like as R/R is good enough.

ElliottWaveBelgium Updated 

We can count 5 waves up, which is an indication of reversal in trend. The upside potential might be limited though if dollar goes higher, respecting the bullish triangle count (look below and at previous posts). But in any case, after a pullback we should see one more push higher that we can take advantage of. Depending on price action we will need to manage...

ElliottWaveBelgium Updated 

We seem to have finished thus Triangle here, as we can count 5 waves up on the smaller tf. Now wait for a pullback then go long. Stop at 6745 Target 1 : 7050 Target 2 : 7290. Look at the comment below for smaller tf chart and entry possibility.

ElliottWaveBelgium Updated 

We have 2 possibilities here, and we need to wait for the NFP report coming in 2hours to see if bulls or bears win. ! DO NOT OPEN ANY TRADE BEFORE THE EVENT ! First this ABC count which is coming to an end, would go well with the others setups we have going. Alternate count below suggests we will see some higher prices before falling off the cliff.

ElliottWaveBelgium Updated 

We should be in wave (iv) of larger degree wave 3. Wave 4 often retraces between 23.6% and 38.2% of the previous move, but in this case a retracement to alone 23.6% does not give a good enough R/R ratio, I will pass if that's the case. ! The count gets invalidated if price goes below 8.5935! Target will be 8.7000 at first then we will look for higher prices if...

ElliottWaveBelgium Updated 

We have been in a complex correction for more than a month now. Currently we are in wave iv of (c) of ((y)). This wave iv correction might find an end very soon and turn higher from here. Look for resistance around 1.6080 then 1.6150. This count gets invalidated if prices goes straight below 1.5900 from current levels.

ElliottWaveBelgium Updated 

We are in a large Triangle for blue wave B of a larger degree wave 2. Currently we should be in wave red wave ((e)) of this pattern. This count gets invalidated if prices goes above 1.3375. Triangle patterns always precede the last move of a larger degree pattern, meaning we will see one more push lower for wave C before going up...

ElliottWaveBelgium Updated 

We should be in this red Barrier Triangle pattern, currently in the last wave E. After a push higher towards 7120 to 7160 we should see price come down. Invalidation level is at wave A high at 7200.

ElliottWaveBelgium Updated 

We are in this big ABC correction where wave B is playing out as a Triangle formation (abcde). Looks like wave e is in place therefore we should see higher prices for bigger degree wave C towards 36c to 40c in a 5waves move.

ElliottWaveBelgium Updated 

We should have 5 waves in and a potential big top in place. We should see price go down for at least 3 waves from here and we can short this. Ideal entry zone would be between the 50%-61.8% Retracement levels. But can short right now also. Invalidation point is at 1347. First Target around 1.305. Se weekly chart below.

ElliottWaveBelgium Updated 

Looks like we got a Diagonal for wave ((v)). We should now see a 3 wave correction higher before continuing to the downside. Invalidation is at last low 1.4875. Target to be determined.

ElliottWaveBelgium Updated 

We are in this large ABC correction and currently in wave C which is playing out as an Ending Diagonal it seems. Ending Diagonals often announce a big reversal. Wave 5 is often a throw over, meaning it goes a bit above the upper trend line. (In rare occasions it's truncated, does not go above wave 3 high) Volume diminishes while the diagonal unfolds and ends with...

ElliottWaveBelgium Updated 

We got a nice sharp move up from 80 to 160, followed by a flat correction ((abc)) now we have a 5 waves move up (orange) and are currently in wave ii which usually retraces 50% - 60% of wave i. If price goes below 110 consider this as a big ABC correction and expect price to fall further and make a new low.

ElliottWaveBelgium Updated 

We have an opportunity here for a wave 3 of 3/C higher. But I would like price to fall a bit more before buying. I think 78.60 might be a good place were price could find support, as we have the 50% Retracement level and also all Moving Average are together. Notice also the Cup and Handle pattern. Even tho it's more V-shaped (hence, a bit less reliable), I...

ElliottWaveBelgium Updated 

After reaching a top at ~2740 price fell in an impulsive fashion before rallying back up but only in 3 waves, meaning it's a correction and that we should see lower prices. We can short this now. Stop : above last high @ 2740 Target : 2630 at first and we will adjust depending on price action. Here you have the overall move

ElliottWaveBelgium Updated 

Bitcoin (and other cryptos) made a nice spike up since the potential bottom in December. This move might be the first of a potential big rally. Right now we can count a big wave up followed by an ABC move down where wave C is an Ending Diagonal. This suggests price should go higher from here. Notice also that Bitcoin is inversely correlated to stocks and a Sell...

ElliottWaveBelgium Updated 

Price made an ABC move up and we saw price fall sharply after price reached 111.10. We might now be in wave A of a ZigZag or wave 1 of an impulse. After a pullback testing the trend line we should see price come down. The direction of this is bearish no matter what count we might be in. The only difference is were will price most likely go from here. I favor a...