UnknownUnicorn852976

UnknownUnicorn852976

Hello traders, Look for a bounce back to the yellow trend line. If we get a hold and it corrects nicely without failing, it will be a VERY GOOD long setup with great R:R. The other scenario is a strong rejection and continuation of the downtrend to break the previous low. If you would like me to forecast a specific pair that I have not covered, feel free to...

UnknownUnicorn852976

Hello traders, I am expecting more down to around 10,300, and after that we need to see whether it will give us a strong rebound back up and consolidate for further up-movement or a slow correction which will indicate that we are likely to see more downwards momentum. If we are going to get a slow correction and more down then keep in mind that this could...

UnknownUnicorn852976

Hello traders, In this chart I see 2 possible scenarios and they both lead to the same direction The first option: A standard ‘small’ correction which results in a regular 3-wave correction as the third overall wave. The second option: We get a longer correction that will bring a strong pull-back to the green trend line and then we fall, which means we will have...

UnknownUnicorn852976

Hello traders, We are currently looking at the start of the third impulse down to complete a standard 123 correction, so I would watch for the break of the .867 area and look for a reversal at that point. If you get a nice horizontal correction in this area you can think of getting into a sell entry on a smaller time frame with a stop loss just above the...

UnknownUnicorn852976

Hello traders, We are looking at a possible standard triple structure correction which would mean that the correction is likely to be over and we can expect a reversal pattern to the upside very soon. However, if a WXYXZ pattern starts to form then we will most likely only get a small up move to be rejected at/or slightly below the yellow trend line and then fall...

UnknownUnicorn852976

Hello traders, It seems as though we are heading towards a more complex correction. We will likely make a triple flat correction combined to make one big complex pattern before we either break down to make a new low or correct the complex flat and reverse into an uptrend. Either way, we will have to re-evaluate the price action as time goes by. If you would...

UnknownUnicorn852976

Hello traders, Basic ABC pattern in place. Look for 1 more down move with a bounce on the 0.954 level. At that point, we will re-evaluate whether we will get a complete reversal back to the upside or just a bigger correction for more down side. If you would like me to forecast a specific pair that I have not covered, feel free to comment it down...

UnknownUnicorn852976

Hello traders, The bigger WXYXZ structure looks to be complete and we have no evidence that suggests it isn’t. Therefore, at this point I am more inclined to say that the possibility of a reversal or a bigger correction at least is more likely than one more low coming. However if you want to buy this you need to be careful that it does not just retrace a few...

UnknownUnicorn852976

Hello traders, We are seeing a slow and miserable downtrend correction. I am looking for a strong retracement back to the green trend line , and then we wait to see whether or not it will give us a continuation pattern for up side or a fall back down to break the last low. If you would like me to forecast a specific pair that I have not covered, feel free...

UnknownUnicorn852976

Hello traders, We just recently broke the low of early 2019. Look for a reversal impulse any time now back to the yellow trend line, and wait to see whether we are going to get a continuation pattern for upside or will it turn out to just be part of the bigger correction before heading back down to break the low again. If you would like me to forecast a...

UnknownUnicorn852976

Hello traders, BSV has just been in a typical slow correction pattern over the last month. Look for it to just fall slightly and break the 124$ area before giving us a nice strong up move to the 190’s, after which we will have to wait and see what we get from there. It will either correct and completely reverse to the upside or it will fall down once more. If...

UnknownUnicorn852976

Hello traders, BNBUSD - I am looking at 2 possible scenarios. The first one goes up directly from here which would tell us that the last piece of the flat is incomplete. We will get 1 more up move to the 33-34 area before moving back down to break the recent low. The second scenario is a dump from here which tells us that the flat is complete and we can look...

UnknownUnicorn852976

Hello traders, BCHUSD - We had a small correction after the big down move, but I don’t think it is enough to make it fall down too hard again. Look for a bounce at the mid July low area and a reversal. Whether or not the reversal is strong enough to bring us back to an uptrend, we will have to wait and see the price action we get. If you would like me to...

UnknownUnicorn852976

Hello traders, WTICOUSD - Still in major downtrend for now. Look for the completion of the small correction pattern and then the bigger one, at which point we will wait to see whether it will correct and give us an impulse that breaks the trend to start an up move or gets rejected and falls back down to break the end of 2018 low target. If you would like me...

UnknownUnicorn852976

Hello traders, BTCUSD - The first way I see it playing out is directly upwards from here to break the top which means that the correction was a simple flat. After breaking the top, we will most likely pull-back to make a new small flat or a 1 line correction to complete the bigger wxyxz which started at the end of July. The second scenario is a dump to break the...

UnknownUnicorn852976

Hello traders, ETHUSD - We broke the last low recently and now we have a relatively strong retrace impulse. Whether this impulse is the start of a complete reversal or just a bigger correction we do not know for now. With that said, whether we are reversing or just correcting, this long setup is a good one keeping in mind that we continue moving sideways to make...

UnknownUnicorn852976

Hello traders, XRPUSD - There is a chance that the correction will soon be over which will result in the 3rd impulse with a target of 80 cents or we could have a small pull-back correction before dumping 1 more time to make a new low and then we start the impulse upwards to the same target. Before you buy make sure you wait for a decent sized impulse, for...

UnknownUnicorn852976

Hello traders, SPX500 - We can break the top from here to complete the smaller wxyxz pattern or we will pull back right now to complete a standard 123 flat pattern before continuing upwards to make new highs. We will need to re-evaluate the price action after we make new highs to see if any signs of continuation are showing but I think we will have a huge pull...