


Hyper-reality
The weekly and daily price action has some glaring issues for me. It has thrown a spanner in the works in regard to my original very bullish count. I had been working on the assumption that the rise off the 2018 August lows formed a 5 wave impulsive move. However, wave 2 and wave 4 are too similar in both structure and complexity to continue with this theme. I...
Looking for a long entry out of the triangle. A break and bearish retest of the triangle will call for a review of the count. Either way. Price is caught in a tight coil AND will go one way with force. be vigilant and keep eyes peeled. I will update this pair as things progress. Any questions, feel free to DM me.
Looking at this complex correction with a view to going long once the 1hr corrective ABCc Zig-zag bottoms out. Nice and clear five move with my analysis showing more upside potential as we complete a larger degree ZIg-zag on the weekly tf. Waiting for the signal candlestick formation. Feel free to ask any questions.
the chart does the thing. I will issue sell limits at the top of value, which corresponds to the 5th extended wave.
No long analysis here, since the chart does the talking. Complex correction creating large degree Zig-zag. Sell the C-wave should the signal candle present itself.
I'm seeing two possibles here folks...Both bullish, but one bull will outlast the other and mark a long-term turning point for the pair. Both scenarios call for more upside pressure in the immediate short-term. In the 1st interpretation, we are seeing the first tentative steps to a super-cycle move to the upside measured in multiple years. I'm careful not to...
We hope some of you managed to grab some decent pips on the A leg lower and maybe the B leg bounce. Now we see a clean break of the 4hr trendline and nice 3-way structure. We are looking to take the final C leg short for around 100 pips or so before a considered move higher. The alternative count suggests a flat correction pushing the price to test the lows.
Textbook. 1-5 waves with 3rd wave Xtension within TL. Therefore this 5th wave cannot extend. 1HR/4HR RSI overbought and high, ticking our 2nd entry criteria. Finally, look for the 4hr high test bar (ideally) or bearish engulfing and enter ONLY once formed, keeping a close eye to the candle pattern. Trade down the zig-zag to wave 4. Conservative setting will see...
The chart does the thing--ABCDE triangle in wave 4, or an ABC standard flat-ting-tons. Either way with no daily RSI Divergence my money is on more upside, then for the hard sell
flat corrections ends soon, we take profits soon and buy for the wave 5, an easy trade here.
I'm in two minds to short before the story long. You decide.
Parabolic like the rocket ship, now running on fumes! Let's short this and take the ride down...
SELL LIMITS IN PLACE, LARGE MOVE DOWN ABOUT TO 'TAKE-OFF'
Waiting for a further drop to load up for further longs
Daily divergence and 5 wave move is enough to declare this cycle over.