UnknownUnicorn5158708

UnknownUnicorn5158708

Hi Traders, We've seen EURUSD breakout of the Ending Diagonal with a bullish impulse wave. An impulsive breakout is quite significant because it simply means that the diagonal pattern is complete and that the market is ready for long positions. We have a gartley pattern which suggests a long entry if price reaches the 1.0974 region. In summary, I'm bullish on...

UnknownUnicorn5158708

Hi Traders, Price has just confirmed completion of the WXY zigazag with a bear impulsive move. This is just confirmation that we'll push towards $15.00, we don't yet have an entry to go short. A safe way to take short entries is to allow price to correct below the structure. Trade well and always apply risk management to protect you capital. Regards, Wave Theorist

UnknownUnicorn5158708

Hi Traders, On November 28th, price was showing a contracting triangle and making the case for a long setup. The triangle has now been invalidated and price is forming a regular flat. We may still have a long setup if price retests support at 1.3255, thereby completing the regular flat. I have indicated clear buy and sell zones. All the best, Wave...

UnknownUnicorn5158708 Updated 

We may have a possible contracting triangle scenario if price drops from 1.3310. Price is still on the trajectory to reach the TP projection of the Garltey pattern @ 1.3415. A clear uptrend and with clear structure formation. Wait for confirmation before looking for any buy setups.

UnknownUnicorn5158708

Hi Traders, Price respected key resistance at 0.6436 during the Friday session, thereby forming a barrier triangle. The Asian session has now given us the breakout we've been waiting for. We can keep buying every pullback until we reach the target at 0.65542. Have a good one!

UnknownUnicorn5158708

Price may yield a rather interesting structure - a barrier triangle. For this to materialize, two things need to happen: (1) Price must respect key resistance at 0.6436 and, (2), the formation of wave E in the triangle must not overlap wave C, as this will be the invalidation point if the triangle plays out. We don't yet have a buy setup. Stay out and wait for...

UnknownUnicorn5158708

The previous attempt to sell at 1470.93 was a success, although the desired trade did not play out as I expected - price was not done with the current correction. I'm looking at what may be a WXY regular flat, and the cypher pattern suggests TP at 1481.21. The trade has already been confirmed by RSI and Stoch RSI.

UnknownUnicorn5158708

Ending diagonals are motive wave patterns yet not impulses, as they have two corrective characteristics (wave 4 must always enter the price territory of wave 2). ED's usually take the shape of a wedge and in all cases, they are found at the reversal points of the larger patterns, showing exhaustion of the larger movement. I usually confirm that I have an ending...

UnknownUnicorn5158708

There are two possible outcomes: (1) Price will sell into the blue box from current levels and continue correcting between 107.00 - 109.00 or (2), we may be in the beginning of a 5 swing wave C. The possibility of sustained down side is supported by the fact that price is currently at a critical retracement (0.5 - 0.618) of my wave A. If price pushes through the...

UnknownUnicorn5158708

Like Gold, Silver is still in the midst of a down trend. We've had a 3 wave pullback in the past couple of sessions and price seems to have setup for a short trade. There's always the possibility that this corrective structure may form into a double correction. Wait for clear confirmation before looking for any sell opportunities.

UnknownUnicorn5158708

Price is still continuing it's down trend and at current levels, it may seem as if the 3 wave pullback in the form of a zigzag has completed. The trade seems to be ready but it's crucial to wait for confirmation before looking to go short.

UnknownUnicorn5158708

In wave analysis, the guideline of alternation warns to always expect a difference in the next expression of a similar wave. Although alternation does not say precisely what is going to happen, it gives valuable notice of what not to expect and is therefore useful to keep in mind when assessing future probabilities. So we can expect anyone on the corrections that...

UnknownUnicorn5158708

In the past couple of sessions, price dipped from $1514 to $1450 and is now suggesting either a regular or expanding flat (this is confirmed by price pushing below the previous low). At current levels, price is now forming an ending diagonal sequence this usually indicates reversal. We also have divergence on the RSI to support the ending diagonal reversal....

UnknownUnicorn5158708

We have a decent Gartley setup here. Price has already given the reversal signal as we have an ending diagonal which can be confirmed by RSI divergence. Trade cautiously and wait for confirmation before looking for entries.

UnknownUnicorn5158708

I had initially identified a buy setup which seems to have been invalidated by the push from $17.69 to $17.05. Due to these recent events, we therefore have a WXY zigzag sequence in place and I'm looking for price to push further down into my blue box towards $15.57. The structure is clear and some correction below my trendline will confirm further downside. Trade...

UnknownUnicorn5158708

Price seems as if it has completed a simple running flat structure. This running flat also has the potential to emerge into an expanding flat. A long trade seems probable because the Stochastic RSI is signalling a buy setup. Wait for clear confirmation before looking for any long trades.

UnknownUnicorn5158708

The overall structure I'm looking at sees price forming a WXY zigzag. After the current bullish momentum on the lower time frames, I'm expecting price to resume it's bearish trend all the way to the 1.8000 region to complete wave X on the micro degree. Following the completion of wave X, I'm expecting further upside momentum towards wave Y. We'll then have a...

UnknownUnicorn5158708

I believe we're in the midst of the 1-2-3-4-5 sequence that will lead price to $1600.00. My wave 2 is a WXY regular flat in which we have a zigzag in W and a regular flat in Y. Wait for clear confirmation before seeking any buy entries.