Trader_3rd

Trader_3rd Updated  Mar 2, 2024

Oil on a daily time-frame seems in an uptrend move, developing a big corrective flat, and when we go on lower timeframe like the 4H chart, there's also a flat correction within it, and that flat is a running flat i think, when we break above that correction we're gonna go higher, and the targets will be, 78.713, 80.002, 80.367, 81.404 , 81.866.

Trader_3rd Updated  Feb 29, 2024

Hello there, Today we have gbpjpy in 1H time frame, and this pair been rising and forming a higher highs and higher lows for weaks now, between parallel lines, in an uptrend channel. The channel plays an important role in both classical technical analysis and Elliott wave theory. As Edwards and Magee define a channel for us in the following terms : " In a fair...

Trader_3rd Updated  Feb 29, 2024

Hi there, EURJPY on 4H chart looks that we have an impulsive move or (wave) in a parallel channel, and this wave contains 5 impulsive waves, now we're in the last fifth wave in a parallel channel too, and it made up of five subwaves, we're in the wave three now, and it looks like an extended wave as you can see on the chat above, but it didn't complete yet. the...

Trader_3rd Updated  Feb 29, 2024

Dear Traders, Today we have a technical outlook for GBPJPY, and i think we're in an uptrend channel and this channel contains five impulsive waves, and it made up of five subwaves. The trend channel played an important role the original development of the Elliott Wave Theory. in The Wave Principle, the first of Ralph Nelson Elliott's works, polished in 1938...

Trader_3rd Updated  Feb 28, 2024

Technical outlook for gbpnzd on daily chart, for the long term view it seems that we just finished the third wave after the correction (wave 4) or the (pullback ) confirmed , and now we're starting the fifth wave the (impulsive wave), this wave moves in the direction of the overall trend but is usually sluggish and nearly as dynamic as the third wave of an Elliott...

Trader_3rd Updated  Feb 28, 2024

usdcad been in a corrective phase or a flat correction as i call it in days, as you can see on the chart above, i think he's done with the correction, and now we're gonna breaks into the next uptrend move. and the targets will be as on the chart above, (1.35953) (1.36203) (1.36569).with a minimum stop loss at 1.34579.

Trader_3rd Updated  Feb 27, 2024

Hi There, Today we have oil on 4h timeframe, as you can see on the chart above, first we had an upward move then followed by a correction "Running flat", after the correction finished, now we're going for the next upward move. the targets gonna be: 80.385| 81.406 and the last will be at 82.963. The stop loss level gonna be below the support area, at 75.689. If...

Trader_3rd Updated  Feb 27, 2024

Hi There, Today we have 4H chart of bitcoin, we're now in a pullback, technically in wave 4, on the chart above shows that we have three scenarios, The first scenario will be when the correction (the pullback ) finish with a simple abc, then breaks into the final leg (wave 5), and there is a case when fifth wave might be extended and go higher. The second...

Trader_3rd Updated  Feb 27, 2024

Hi there, Today we have gbpaud on 4H time-frame, the chart above shows that we finished the correction, i think we have a running flat correction. and now i think we're breaking into the next up move. and the daily time frame confirmed that, it shows that we're in the middle of the last fifth wave. The targets will be, 1.96499 , 1.97706 , 1.99431 The stop loss...

Trader_3rd Feb 25, 2024

Save this, Markets are driven by multiple reasons that are difficult to quantify and that's including human emotions, fundamentals, technical analysis or any other unknown reasons. price never moves in a straight line. in fact it is constantly cycling up and down, while price cycles are random as they switch between trending, reversing and consolidating in an...

Trader_3rd Updated  Feb 22, 2024

Hi there, As you can see on the the chart above we had an uptrend move, then followed by a pullback or as i call it correction flat, and the chart above shows that we might have a running flat correction, if wave C does not end below wave A. now in the coming days we shall see the dollar index breaks into the next uptrend move, towards the targets i set on the chart above.

Trader_3rd Feb 20, 2024

Technical outlook for nzdusd 4h chart, the chart above shows that we're in an uptrend move, and more specifically i think we're in tne middle of an extended wave (third wave). based on wave theory. the targets will be for long term, (063160) (0.63349), and the last target will be the high of December 2023 at (0.63600). with a minimum stop loss at (0.60826).

Trader_3rd Updated  Feb 20, 2024

Hi,there Daily Technical Outlook for oil This is gonna be a pattern study based on elliott wave theory, So What Is Elliott Wave Theory? The Elliott Wave Theory is a method of market analysis, based on the idea that the market forms the same types of patterns on a smaller timeframe (lesser degree) that it does on a longer timeframe (higher degree). These patterns...

Trader_3rd Feb 14, 2024

Dear traders, I hope you all doing well Today we have DXY on monthly chart, and I think we're heading the fifth wave and the last, from the Motive Wave (cycle), followed by a big correction at the end based on Elliott Wave theory, as you can see on the chart.