ABC Pattern. Wave C is in development. Plan: Sell @ correction
H4: The formation seem to be a ending diagonal (ED). The wave 5 could be retest again (5') before droping. Plan: short first pullback wave, take some profit first.
H4: Price is developing in sidewave formation. H30: Wating to break down, consolidating a little bit. Plan: Observe and short in M15
hi all, Based on price structures, I focus on 4 currency indexes in this week. 1. CAD: Forming a flag correction which implies a next move. 2. CHF: confirmed to going down, price may has a small correction and form the bearish trend. 3. JPY: likely to break! We must wait for breakout or sell from top of correction. 4. USD: We catch the end of trend....
D1 support for bull but H1 may develop a correction.
According to price structure, I expect an 3rd test on top and this structure correlation to CHF Index and DXY price structure. Just wait and see how the price develop....
hi, Basically, I expect DXY bull, GOLD bear in couple of weeks. Accordingly, YEN would bear as charting. Looking for buy USDJPY in lower time frame. Regards, URI
hi all, If we looking at the price structure of Gold and DXY, we can project the channel easily. Hereby, the DXY would fulfill the last wave (5) of ending diagnose while GOLD will drop one more wave to end the side-way correction. Let's wait for the upcoming structure in next week. Regards, URI
“The trend is your friend until the end when it bends.” – Ed Seykota
For the current price structure, BTC would drop more for couple of weeks. A very strong breakout of triangle would trigger a new trend and I expected it append at the last triangle corner.
I am looking for an breakout by an impulse wave. If yes, sell the pullback.
This notes for further observation on correction and expect and drop of motive wave ahead.
The bearish wave may end and I looking for new revise wave.
This pair looks like to form a flat. Looking for Sell on top.
I expect one more bottom test before dropping or price will form a ABC.