


Okay ...here is what i see... or hope that will happen here... This is the path to 'A'... Then... B. A will be an minor e-wave and B, will be a dilapidated correction.
Going long here. This is looking like a dilapidated ABC Correction on H1. And possibly and unfinished 2 on H4. But on Daily... this is most definitely a 4 going 5. (SHORT) But for now... this is a temporary Long (buy) that should be good for 120pips if I am right... 43or so pips if I am wrong.
Simple trade. BUY HERE. SELL THERE. Done! :) Disclaimer: Trade your own trades ideas. This is not a guarantee... just a thought. NOTE: Same as my OTHER UCAD Idea... just zoomed in. LOL.
SIMPLE PLAN. READ UP. But do as you see fit.
Sames as the Daily play... but a closer view of the action. Temporary long position.
FIRST AND FOREMOST... BOTH red and blue are A B C corrections. Red is the LONG Version and BLUE the short.. "IF" the market turns now... and Wave A completes here, we will be on the blue path. It would still meet the guidelines of closing within the "area" of 4. "IF NOT" and prices goes to the long red A then that too meets the guidelines of closing within...
I don't really trade this pair. Not one of my fav's but did it for a friend. Its an ugly wave, but it would be a waste not to post it up. We are looking at a 4 going to a 5 on the Daily. Im not going to trade it but... feel free to look up it as price action walks us home.
I have been patiently waiting on gold since someone told me that it was going to turn at 1205. Now it looks ready. I see an Ewave 4 to5. Happening. So gold NEEDS to man the hell up and prove price action right.
Its its just like its described. My projection for what I expect to happen for A cad... Time will tell if I am right. As always, trade your own thoughts! Adapt this to whatever works best for you.
Okay... I posted a DAILY chart of what I expected is going to happen. Here is what that looks like from the 4 hour...Specifically the up coming 1 and 2. There could not be better confluence.... *Very proud of this chart* But again... Do you... Trade your own masterpiece.
Plotted this for a friend. Feel free to examine and adjust for your trading Ideas. This is going to be a LONG 4 to 5 Ewave trade.
Okay... you just completed your 12345 Ewave. Now you need to plot the potential path for your A B C correction. Below are my TWO choices. One in Dark Blue... the other in Light blue. But see those other lines??? Those are other possibilities that are still in play... but they are for the DAILY and WEEKLY levels. But in the mean time..... Concentrate on 5 to A
RIDING THE WAVE UP... BUT THIS IS A B TO C ON THE DAILY TIME FRAME.
Okay, here is how I see it. This pattern is WICKED... very very WICKED... It has oversized adjustment EVERY where, and that could cause miscounts for E wave traders like myself. Look at the blue 1 and 2 for example... W.T. H right? But to me that is 1 and 2. Because doing it any other way will cause the bottom of 2 to go lower than 1, leading to 'invalid'...
OPTION 1: Elliot wave 12345
OPTION 2: Delipidated ABC a correction then Turn... If the dollar is going to come down... then This should be going up.