ElliottWaveBelgium

ElliottWaveBelgium Updated 

We are in a very complex correction here. I believe we will see one more push higher up to 98 then a new low down to 94 or a bit lower. Only then will we see USD strength kick in good and take the EURUSD to new lows ( and same for all other pairs).

ElliottWaveBelgium Updated 

Looks like a good opportunity to short this for a few pips. Pending order at the 61.8% retracement level. If price does not reach it and goes lower, just cancel that order and look to buy once wave C of 2 ends. Entry : around 1.2930, 61.8% Retracement level. Stop : 1.3020 Targets : 1.2740 / 1.2670 / 1.2580 Third target has the least chance of getting hit,...

ElliottWaveBelgium Updated 

I believe we are in a Triangle that has been lasting for more than a year. We could finally see the break-out on February. This trade has a profit potential of 1:10 to 1:15 !!! Will look to buy around 265, where wave C equals wave A. This trade is valid as long as we remain above 245!

ElliottWaveBelgium Updated 

We are in the last wave of this up move, looking for 56.3 -56.5 as a termination zone. We should, therefore, see a correction lower for wave B. (Be aware, the correction lower might be a complex one). If you want you can short this from the potential top from 56.5 but I would suggest waiting for wave ((i)) to end, and short once wave ((ii)) starts to lose...

ElliottWaveBelgium Updated 

We are at a critical level ! If price makes a clean move to the downside, we might be in wave 3 of 3, where we will see price just fall hard and news talk about a crash (I am not sure we are there yet, but it's possible). If it keeps on going higher tho, I will consider this whole move down as an ABC correction and we should see some higher prices (for now) maybe...

ElliottWaveBelgium Updated 

We got a leading diagonal as wave (1), (price goes higher but starts to overlap itself, rules for the diagonal are the same as for the impulse except wave 4 can go inside wave 1 territory) We now should see a correction lower, wich should be approximately around 50% of the previous move. It should be a zigzag (ABC) but might also be a more complex one. In any...

ElliottWaveBelgium Updated 

We should see price go down to 3500 before going up again. The invalidation level is at the last low, 3120. If it breaks, we'll see even lower prices. For now, wait for correction to end near the 61.8% retracement and then start buying up to 4500 as first target.

ElliottWaveBelgium Updated 

Wait for price to reach the 50% - 61.8% and buy towards 1.34 or even higher. Target 1: 1.34 Stop : last low

ElliottWaveBelgium Updated 

The fact price came below last low means we might be in a Flat correction. In this case, price usually turns around the 138.2 Retracement level, where we see support from previous price action. If price moves below the 161.8% Retracement, we will have to adjust our view. Short term, look to buy around the support zone. Targets : 1.5260 to 1.5360 Stop :...

ElliottWaveBelgium Updated 

We are in wave ((B)) wich is playing out as a complex (WXY) correction. The low might be in place, in wich case we can go long now or wait for a pullback first. A five wave rally and a break above 6790 confirms the bullish move. This wave ((C)) should be equal to wave ((A)) or 1.618 of it. Targets are then 71 to 74

ElliottWaveBelgium Updated 

We should see price go lower one more time for a wave 5 First Target wll be 2350 followed by 2260. Entry can be made on this orange TL break or even right now if you can afford it. Stop at 2621 or above this wave 4. Price can go a bit higher and touch the black dot TL but should turn right after.

ElliottWaveBelgium Updated 

The 5 wave move up for wave 1 or A is an indication of bullish reversal in the trend, this might be just temporary but if not, we will see a big rally. We have to now if we are in an ABC correction or Impulsive move up. For now look at 4600 as first target then 5300 for a potential wave 3 or C. After that we will have a look at the charts again. This wave count...

ElliottWaveBelgium Updated 

The alternate count is my main one and it suggests gold will go up some more before any deep pullback. We should therefore see price turn near the 0.382Fib retracement and go higher from there. ! Price can not go below wave (1) high or it negates the count, in wich case we will have count again.

ElliottWaveBelgium Updated 

We should see price go a bit deeper towards 100 - 134 before going up again to at least 230. Therefore, wait for this pullback before buying.

ElliottWaveBelgium Updated 

Price went a bit deeper than expected, but as long as it holds above wave 1 high, the count remains valid and we should see some more upside movement for now. If invalidation breaks, we should then see a deeper pullback.

ElliottWaveBelgium Updated 

We are currently in wave ((iv)) of wave (C) of ((E)) of a big triangle (look at my previous posts for chart), wich might also be the alternate wave ((C)). Don't hesitate to like, share my ideas and Subscribe to my FREE Telegram Channel for more updates t.me

ElliottWaveBelgium Updated 

We are in wave v of a diagonal of higher degree wave (c), itself of ((b)) of an abc expanded flat. Price should hold above 1.2268 for this count to be valid. Look for support around 1.24 as a potential buy zone. Red wave ((c)) should unfold as an impulsive wave higher with equal proportion as wave ((a)) or Fib relation to it. subscribe to my FREE Telegram...

ElliottWaveBelgium Updated 

We might have completed a complex ((wxy)) correction of higher degree wave b of (b). When price falls hard as it just did from 1.149, it indicates the upside move might have ended. In that case, we are now in wave c lower, wich, ideally should unfold in impulsive fashion (5 waves to the downside). I believe we finished wave 1 down, and are now in wave 2 wich...