Possible small correction, then short followed by larger correction. Also possible channel being established for long term up trend- too soon to call but I can see the possibility. Looking for a 618 for the bigger correction and may just be a nice hold if you buy at bottom support. Trade at your own risk Happy Trading!
Hi all, So, we all know that Elliott Waves can offer predictions and/or confirmations for moves already made. Here is my prediction for UJ. I see a downward impulse 1-5 wave, followed by a 61.8 (ABC) correction, followed by another downward 1-5 impulse wave. I do not use this for pin point accuracy but for direction and guidance. Lets see how it goes. This is...
I like this idea more so that my original. Short & long to 618
I believe that EU has one more bearish wave (5) to support, then a bullish ABC correction of 618 to the previous highest high. On higher time frames, I see a bearish impulse 1-5 wave all the way down to support and ABC up (simplified) Happy trading and this is only my idea. Please trade with caution.. -Ride the wave
On the weekly, AU is definitely in major support territory. I listed an Elliott wave for the downward impulse move and I placed ABC correction in a channel since AU tends to move this way. Lets go Aussie, show some strength! =) Thanks for looking at my analysis and happy trading
It takes some time to locate the pullback at times, but I feel this is likely another potential channel setup..Lets see where wave 3 takes us.
Due to my channel count, I expect EURGBP to break out of this channel and create a new impulse wave, following the 61.8% correction which completed an inverted head and shoulders pattern. I expect Euro to be weak for the upcoming week which supports my analysis, as well as the GBP to gain some ground. I have create a wave the ends towards the end of the channel,...
I am BULLISH for CHF for the week of 8/19/18. If EurChf breaks 50% retracement, I have price in a very nice zone for a sell from previous support and resistance. Elliott wave confirmed with ABC correction w/ inverted H&S and Stoch overbought. I am expecting a new downward 1-5 wave which just may break support of the inverted head. If the inverted head support is...
I am expecting for the CAD to be stronger than Euro for the week of 8/19/18. I have an ABC, WXY combo channel that is ready to breakout. I am expecting a 1-5 downward impulse wave to break support of the channel and make its way down to the 1.44467 area. Price respected top of channel and was rejected by my price zone of resistance. Nice Head and Shoulders...