ElliottWaveBelgium

ElliottWaveBelgium

(Favorite count) We are in an impulsive wave down. Currently finished wave iii at 96.16 and making wave 4 a bit higher. If price touches the 0.382 purple line and reverses, then price will go down for one more wave down towards 95.54. Price can go higher than the 0.382 level but needs to hold below 96.94 for the bearish wave to be...

ElliottWaveBelgium Updated 

Price finished a Triangle and is now carving it's way lower wave 5 of C of 4. Trade Setup : Target : 140 Stop : above wave e of Triangle

ElliottWaveBelgium Updated 

Wait for pullback before buying ! Price is finishing a 5waves move up, so, now should make a 3waves move lower. Each of the moves lower are composed as 5-3-5, as drawn in blue. Alternate count suggests we are in a Expanded Flat, in wave ((b)) wich, ideally, should not go above 0.7356 (1.382 Retracement) and preparing for ((c)) lower. Trade Setup for first...

ElliottWaveBelgium Updated 

This 5 waves move up is coming to an end, making wave A, meaning we now will see a correction lower, ideally, to the 0.618 Fib Retracement @ 0.6600 as wave B before going higher again in wave C in a 5wave move. Why I think price will turn : - In wave ((v)) we can count 5 waves up (in orange) and orange wave v is at 0.618 Extension of 5v1 & 1.618 Extension of...

ElliottWaveBelgium Updated 

This move up that started in august can play out in two ways: PREFERED COUNT : Price finished wave (i) & (ii) and heading higher for a wave (iii) composed of a sub impulsive wave (orange) where price finished also wave i & ii, meaning we are going higher for wave iii of (iii) and price should not break this channel. *Trade Setup : Entry : TL or MA break Stop...

ElliottWaveBelgium Updated 

Wave b retraced 78.6% of a The subwaves of b , wave ((c)) is at the 1.618 Extension. both those levels are at 0.679x, with 8pips difference. So, I'm confident we will see price fall for a last wave c now towards 0.6686. (~100pips) Therefore, you can short this now at current price. Note that even tho a correction can be an expanded flat, wich retraces...

ElliottWaveBelgium Updated 

Looks like a Flat but may be a Triangle also. Flat : Target 1.3299 (100% Retracement) Triangle : Target 1.3068 to 1.3170 (61.8% to 78.6% Retracement) STOP : 1.2694 For a more conservative stop, use 1.2662.

ElliottWaveBelgium Updated 

Wave ((iii)) ended, price is now going lower, keep an eye on the Fib retracement levels for the end of wave ((iv)). This wave ((iv)) seems to be a zigzag, where wave (a) finished and wave (b) should finish very soon before making a wave C lower, after wich we can go long again. Trade Setup : Entry : Pending @ 0.9418 (0.382 Retracement) Stop : 0.9364 (wave ((i))...

ElliottWaveBelgium Updated 

The black triangle count, if correct, indicates us that price will fall one last time before starting to rally ! Therefore, I am maintaining my short trades for a bit longer. And just added a new one @ 7600 with first target 5755. *** You can short it if you like at current price with a Stop at the black trend line for exemple. Ideally, I would like...

ElliottWaveBelgium Updated 

Possible counts: * Impulse : Price is making wave 4, wich can not go below 0.6612 and should not go outside the channel Once it's complete, price should go higher for a last wave 5. * Zigzag : Wave C ended, so price will go down below 0.6612 *** Trade Setup * Entry : Pending @ 0.382 Fib Retracement * Stop : 1pip below wave 1 high * Target : 0.683 to...

ElliottWaveBelgium

The possible counts here are : *Expanded flat : We are in wave b *Impulse : We are in wave 3 of 3. --------------------------------------------------------------- In case of a Flat, expect price to turn around at the 1.382 Fib Retracement. If it does not, then the impulsive count might be correct, in that case, expect huge strenght for the dollar in all pairs.

ElliottWaveBelgium

1.13 was finally broken but beware ! As stated in the previous post (**), this does not mean we are full bearish yet as there is a possibility we are in a flat meaning wave B retraces more than 100% of wave A. BUT it usually stops before the 138.2% level. So, keep an eye on those levels for a possible reversal and make your Stop as tight as possible. (** )

ElliottWaveBelgium Updated 

FIRST COUNT : (my prefered count, the one I'm trading) suggests price to have formed a low @ 1.13 again and we expect it to go higher to 1.16 - 1.18 zone. Because wave A is a 3waves move, we anticipate the whole move to be a Flat or a Triangle. ** In case of a Flat, expect price to go higher in a 5 waves move (impulse or diagonal) with first target near wave A...

ElliottWaveBelgium Updated 

Price going lower in impulsive fashion as long as we trade below 97.2. This view is supported by EURUSD & AUDUSD trading higher. Trade Setup : Entry : market price (or ideally 61.8% Fib level) Stop : 97.2 (invalidates the wave count) Target : 93.7

ElliottWaveBelgium Updated 

This count is an alternative to my previous post from 11 octobre 2018 (). This count suggests price might start to go sideways in a Triangle formation as a wave 4 before going up one last time in a wave 5. So, look my previous post for the trade setup update. If price stays range bound between A and B, then this count becomes more and more likely. Therefore,...

ElliottWaveBelgium Updated 

Price finished a Triangle for wave 4 meaning there will be only one last push down before seeing any recovery. So, short it, Target : ~35.00 Stop : above wave e @ 62.2

ElliottWaveBelgium Updated 

Higher price possible up to 0.58 at first, 0.67 - 0.73 next.

ElliottWaveBelgium Updated 

This move down wich started in January is coming to it's end, as price is making the last wave 5 of an Ending Diagonal of a higher degree wave 5. * Therefore I'm closing all Short positions. ** Wave 5 might have ended @ 0.702 therefore I'm opening a small position at current price (0.7052) and setting a Pending Order @0.6994 (Green Zone) *** Stop @ 0.6885...