OleksandrSnitko

OleksandrSnitko Updated 

Wave 4 is ABC flat (3-3-5) pattern(yellow) Wave C(yellow) is (1)-(2)-(3)-(4)-(5) (blue) Wave (1) inside wave C is an extension. ABC(blue) is wave (2) inside wave C(yellow) close look at wave3(green) Major SELL targets are: 111.56 - 38.2% retracement of wave 3(yellow) and 61.8% of wave (1); 109.23 - 100% of wave (1) and 361.8% of wave A(yellow); 107.18 -...

OleksandrSnitko Updated 

Well, I drew this chart 6 days ago, but I didn't know how to present it correctly m-term buy or l-term sell... so u see it only now. It's a complex look on gbpusd based on Elliott wave analysis. Here is a big picture. 1-2-3-4-5(red) waves. 3rd wave is an extention. 1-2-3-4-5(yellow) waves. wave 1 = wave 5 (Red). estimated price target for LONG-TERM SELL is...

OleksandrSnitko Updated 

looks like we finally comlete our 4th wave(yellow). it's ABC (3-3-5) flat. wave C has (5) wave structure.(light orange) wave (3) is an extention. there is divergence between (3) and (5) wave's bottoms - MACD (5)th wave trendline is broken - buy signal. target price is 120.5 (wave1=wave5) in case of 3rd wave is extention.

OleksandrSnitko Updated 

Arguments: - trendline of 3rd (yellow) wave is broken. - divergence in 3rd and 5th wave(green) tops(12 and 17 jan) inside 3rd wave extention(yellow). - ABC (3-3-5) expanding flat pattern. wave B is still forming. - wave (c) (inside B wave of ABC pattern) is a diagonal. sell it when line conecting 2 and 4 wave's ends of diagonal(green) is broken, wave C should be...

OleksandrSnitko Updated 

looks like wave 2(blue) is completed. it's clear abc 3-3-5 flat pattern wave C is 1.618 of wave A (113.68) wave 2 retraces 61.8% of wave 1(blue) (113.73) in my book it's a good buy opportunity. good luck, traders!

OleksandrSnitko Updated 

In my view gold is bearish and sell point is close. Arguments: - 4 week trendline is broken. - divergence in last top(17 jan) - wave 2(blue) looks like clear abc (5-3-5) zigzag pattern. - goldusd move is opposite to usdjpy. and in my view usdjpy is clearly bullish. there may be last little swing up, which should not go beyond 17 jan top. in anyway selling flag...

OleksandrSnitko Updated 

as u see wave 4 (yellow abc pattern) is completed. it means corrective downward move is finished, and we back on track to the upside. So now we should look only for BUY SETUPS. as yellow wave 3 is an extantion, the final price target for the upside (yellow wave 5) move is 120.9 and should be reached in 4 weeks. scroll the chart to see the full picture - clear 5...

OleksandrSnitko Updated 

#usdjpy is in corrective pattern ABC (yellow wave 4) wave C (yellow) is still forming. We waiting for final 5th wave move down, which is expected to start after 4th wave (abc pattern) is accomplished. currently we have completed wave A(up) and forming wave B (down), then it should make wave C (up) in smth like 2 days. Trade idea: Wait for flag in wave C and SELL...