TimeWaveTrading

TimeWaveTrading

USDJPY has maintained a strong uptrend following the weekly correction trend line. Since it broke the yearly correction trend line of the downward wave for many years, at least a motnhly correction process is required to rise again. Therefore, the pattern will be judged as a weekly or monthly correction according to the simple A-B-C structure or the complex W-X-Y...

TimeWaveTrading

EURUSD is still trapped in a daily downtrend. Since the weekly correction process has not been completed yet, it is technically likely to rise once more. And after the pattern completes, it could come down around the weekly demand zone next week. In particular, as the FOMC rate decision in November approaches, downward pressure will be stronger. However, if all...

TimeWaveTrading

AUDUSD continues with a weekly downtrend in the upper time period and a daily downtrend in the lower time period. In its current position, the upper resistance has a 4 hour supply zone and the lower support has a daily demand zone. If it breaks above the 4-hour supply zone, there is a higher chance of getting out of the daily downtrend. A daily bullish pattern...

TimeWaveTrading

Gold is in the position where the weekly correction ends and the daily downtrend begins. However, the correction is also a pattern that can be changed to a W-X-Y structure. If the dollar is short-term bearish, it could be a two case W-X-Y structure as shown in the chart. The first is the W-X-Y structure of the daily bullish pattern, and is a weekly correction...

TimeWaveTrading

US Oil has a high secondary uptrend pattern. If there is a 3rd rise again after the 2nd rise, it can be propagated as a monthly or yearly bullish pattern because it rebounded in the monthly demand zone with a bullish pattern. Anyway, in the case of a correction pattern that is a secondary rise, there are two cases as shown in the chart. The first is the daily...

TimeWaveTrading

EURUSD found retracement in the daily supply zone after rising, but again broke above resistance. So, if the market rebounds near the 4-hour demand zone, it is on a 4-hour bullish wave, which could be a second bullish daily bullish pattern. If so, there are two cases. The first is to go to the vicinity of the weekly supply zone, and it becomes the weekly...

TimeWaveTrading

Since EURUSD failed to propagate the daily uptrend in the daily demand zone, we expect to see an upside opportunity in the weekly demand zone. However, since we are trapped within the daily downtrend, there should be an impulse that breaks the daily downtrend line. At our current location, a new daily supply zone is on top. Even if it rebounds, resistance in this...

TimeWaveTrading

EURUSD is still likely to undergo a monthly correction process. There is no sell signal. The uptrend can continue until the correction trend line of the 4-hour rising wave is broken. And, below that is the daily demand zone. Propagated by the daily upward wave, it is the last chance to buy.

TimeWaveTrading

USDJPY has created an initial pattern of a daily downtrend. If a rebound fails in the daily demand zone below, a daily downtrend could follow. If that happens, it can drop to around the weekly demand or monthly demand zone. Since EURUSD has rebounded in an expected monthly correction process, USDJPY is also expected to undergo a monthly correction process. Keep...

TimeWaveTrading

This scenario is a monthly correction of EURUSD. There is now a 4-hour upward wave, and after the rise, a daily correction process will come out. This will result in a retracement to the daily demand zone, which is where the daily upward wave propagates. The monthly correction is completed only when a weekly rising wave or a weekly bullish pattern emerges from...

TimeWaveTrading

I expected BOJ to buy JPY soon. Therefore, it was expected that USDJPY would make a short-term correction at the high point, but since the daily rising wave is broken, the weekly correction process, which is the upper time period, is expected to proceed. There are many possibilities for the pattern, but there are two cases. First, USDJPY is currently in the...

TimeWaveTrading

EURUDS is stuck between the daily supply zone and the daily demand zone. What is certain is that one of the two is fake. If it rises above the daily supply zone and gains support, a daily upward wave of the daily bullish pattern will follow. In particular, there is a 4-hour demand zone above the daily demand zone, which is the most important psychological...

TimeWaveTrading Updated 

USDJPY continues to rise daily. However, above, a daily bearish pattern, the starting pattern of a daily downtrend, is being created. If the rebound fails in the daily demand zone below, the downtrend may continue. And, the market will test a weekly demand zone and a monthly demand zone. In particular, the area around the red circle is the most important support...

TimeWaveTrading

Oil is in the monthly demand zone, so an uptrend can occur at any time. The current pattern could be an initial daily bullish pattern, which could lead to a daily bullish wave if the uptrend continues. If so, it will reach the weekly supply zone, and as it becomes a weekly correction pattern as a whole, it can lead to a weekly down wave again. However, if it gains...

TimeWaveTrading

Since USDCAD is settling above the red line (a very strong resistance and support line) above the chart's top, the weekly uptrend can continue as long as it does not fall below this line. Therefore, it is better to look for buy opportunities rather than sell. The retracement will come when the weekly uptrend ends, and even if it breaks the last weekly correction...

TimeWaveTrading

EURUSD seems to have completed the last weekly correction, and a running flat pattern with a very large W-X-Y structure has been completed. Therefore, if the last weekly correction trend line of the downtrend is not broken, it is highly likely that the weekly downtrend will continue. Above the current position, there are a 4-hour supply zone and a daily supply...

TimeWaveTrading

The DXY is likely to move down once more, but if it rises above the red line again, the uptrend is likely to continue. This is because the daily upward wave is not broken. Take a good look at the action based on that line this week.

TimeWaveTrading

DXY broke above the red line, a very strong resistance line in the daily demand zone. So, a daily or weekly uptrend could follow if it settles above the red line. Conversely, if it stays below the red line, it will again be a correction of the running flat pattern of the W-X-Y structure, and rebound in the weekly demand zone and the weekly upward wave may resume.