Nicholas1993Hall

Nicholas1993Hall

Technicals: *We have a strong support wedge that was tested and a wick bounced off of it. *The retracement of the recent push hit the 0.618% at the support line (does it get any better than that?!) *MACD & RSI are about to release the bulls. This might be the best trade of this coming week.

Nicholas1993Hall

Technicals: *A clear impulse and correction taking place. * For those bullish on this pair you may be saying we are having a higher low. But The correction of the recent push exceeded the maximum retracement level of 0.786%. *I will be looking this week to short this pair after the small correction is over. *In the last impulse the retracement hit the .786%. So...

Nicholas1993Hall

Technicals: *The 0.786% retracement was touched by a wick and immediately started dropping. *A clear ABC correction unfolded within the channel. *MACD/RSI are agreeing with elliot and fib. A few different things can go down. Some who are bullish on this pair would recognize that after the large drop in 9-7-2017 we pushed up and came down to a 0786% retracement...

Nicholas1993Hall

Technicals: *The impulse wave is counted from the support channel line because on a larger degree that is where the previous correction ended. *The impulse was validated by alternation between waves 2&4. Wave 2 being a zigzag correction and wave 4 being a flat correction. *The flat correction is validated by this retracement breaking the 0.786% level. What to...

Nicholas1993Hall

Technicals: *We have two tight zones of confluence that i indicated by using three fib projections. *We are at the major resistance channel line. * All indicators are ready for a zigzag correction.

Nicholas1993Hall

Technical: *We can count 5 waves in the wave A structure. *MACD/RSI are exhausted. *3 wave impulse to wave B somewhere around the 0.236 were going to. * I stacked the zone and the yellow rectangles represent confluence from a number of fibonacci studies. * We are our our soft target now, if it does not hold the next target should. Place stop losses right under...

Nicholas1993Hall

Technical *Look at the ABCDE structure. From A-B, B retraced 0.786% of A. Now look where we are now, at the same 0.786% retracement level. *Daily indicators going short. *E is a break through wave, maybe a long term investment?! Fundamental: * After SOTU speech the dollar is said to have gained strength. And if the media reports it, the herd will start to short...

Nicholas1993Hall

Technical: *Lower high on the 4 hour chart and a proper wave count indicating a short. *Hidden bearish divergence on the stoch/rsi oscillator. * Daily chart indicators making a cross over. Fundamental: * After Trumps SOTU speech the dollar started to recover. * Dollars weakness was exaggerated by the shutdown (in my opinion). My take profit will be at the...

Nicholas1993Hall

Technical analysis: Coming off of wave E we see a textbook impulse wave, followed by an expanding flat ABC correction. Right away after that occurred we unfolded into another perfect impulse wave. But as we can see there is still room for wave 5 so be patient and wait for the right moment. Fundamental analysis: USD opened up this week much stronger and when its...

Nicholas1993Hall

Technical Analysis: I would like to quote R.N. Elliott himself concerning the channel line breakout in this pair. " Wave 5 often ends when meeting or slightly exceeding a line drawn from the end of wave 3 that is parallel to the line connecting the ends of waves 2 and 4, on either arithmetic or semilog scale". Meaning wave 4 broke the support channel line so...

Nicholas1993Hall

Technical Analysis: Since we had an uptrend prior to going into a ABCDE formation that is an indication that wave E will break through the channel line structure to the upside. I do not see how it could go any lower after being bearish this long. Be safe and wait for a higher high on the 15min chart for confirmation just in case. Fundamental analysis: Dollar...

Nicholas1993Hall

Technical analysis: The 5 wave elliot impulse is complete and its hit a previous high that held a lot of strength. Since on a larger scale we are in a down trend i would like to point out the impulse from C-D retracement level 0.786 was hit. This also has formed a ABCDE triangle structure and we are coming off of wave E, and since we know E is a breakout wave we...

Nicholas1993Hall

Technical analysis: This might be one of the most beautiful elliot impulse waves ive ever seen, textbook. All indicators are off the charts over bought, the mass psychology of the herd realizes the short is here and this monday we should see a serious drop probably all the way to the 0.618 level. Fundamental analysis: I believe the government shutdown...

Nicholas1993Hall

Reasons for bullish prediction; *We have a push up and the retracement did not break the 0.786 *We are at a key support wedge line that wasnt able to be broken *All indicators are over sold.

Nicholas1993Hall

We are about to go from B to C on this correction and this is the most profitable part of any correction. The daily chart will finally fall, i see this correcting to the 0.5% just like previously. I am feeling lazy so ill hold my long term trade on this one instead of trading the waves. Happy hunting guys.

Nicholas1993Hall

We are double topping at the 0.236 right after hitting the 0.386! The support line meets the 0.618 and the 4 hr indicator is almost ready to push down! * Jump on the 15min chart and wait for the first push up that does not exceed the previous one and sell this!

Nicholas1993Hall

On the larger scale of things (weekly chart) we just finished a 3 yr elliot/ fib combo. Which means this may actually be a wave 1 of another big elliot/fib combo. This chart usually retraces to the 0.786 and for elliot, wave 1's retracement is known to be the 0.786 so that is why i am betting on a significant retracement here. On top of all this the weekly...

Nicholas1993Hall

The .618 retracement meets the long term support line, so i do not see us pushing down any furthur than that. I was able to count a 5 wave elliot structure within the push from B-C which is furthur confirmation, along side the 4 hour indicators being bottomed out. * The safest approach is to wait for the uptrend to form a full elliot structure on the 15min chart...