WaveAnalysis

WaveAnalysis

It's hard to say whether the last low is the end of the green C, but if it's, we should have a complete expanding flat between the orange lines. So, I'm looking for long trade setup. It seems like a reversal structure that has been forming after the last low. That's why I'm waiting for a correction to place a pending order. If I see a smaller trade setup after the...

WaveAnalysis

We may have a complete expanding flat, and a reversal structure. That's why I placed a pending order under the last low, but I'm hoping for another upward movement and a small trade setup after the correction. If it happens, I'll update the entry price and lot size.

WaveAnalysis

I think we have two options. First, a complete correction under the blue trendline and one more downward impulse. If it happens, I'll take a long trade after a reversal structure. Second, an expanding flat between the yellow lines, and a reversal impulse. Because of this option, I'm waiting for a correction to place a pending order.

WaveAnalysis

It seems like we may have a complete running flat between the green lines. If this is the case, a reversal structure should be in the making. I'm waiting for a trade setup on the lower time-frame to sell it. The second scenario is a correction over the blue trendline and more upside. That's why I'll try to move SL to BE around trendline if I take a trade.

WaveAnalysis

We may have a complete correction, and if so, we should have a reversal structure. That's why I've placed a pending order over the last top. If I see a small trade setup after the correction, I'll modify my entry price and lot size accordingly.

WaveAnalysis

It seems like a running flat is in the making, and the last low can be the end of the wave B. If so, we should have a reversal impulse, and a correction should be in the making. Now, I'm waiting for a complete correction and a small trade setup to place a pending order. The blue annotation shows the scenario of a bigger correction with a running flat in it....

WaveAnalysis

If the bigger structure is a running flat, the last top can be the end of its wave B. If so, we should have a nice reversal structure. Now, I'm waiting for a trade setup after the expanding flat to place a pending order.

WaveAnalysis

Although we have a new high, the previous monthly top (the red A), which is shown by the dashed line, hasn't been broken yet. This means, the monthly structure remains a running flat. That's why I want to take a short trade. Structure-wise, the minimum target will be 73.700, but it won't be my trading target since it will take a long time to get there. I placed a...

WaveAnalysis

It seems like we have a complete B as an expanding flat, and a reversal impulse. I'm waiting for a correction to take a short trade. I'm planning to hedge my trade around 1740. My target is 1920 for the completion of the higher degree correction.

WaveAnalysis

It seems like the 4th wave is in the making, and if this is the case, the next wave should be the C. That's why I want to take a long trade. The last low can be the end of the wave B, and it looks like we have a reversal structure. Now, I'm waiting for a small trade setup over the yellow trendline to place a pending order.

WaveAnalysis

My forecast is more upside for a complete regular flat before the next downward impulse. That's why I want to take a long trade and hedge it around 0.618. If my weekly forecast is accurate, the next wave should be a quite big downward impulse for a few thousand pips. To take a long trade, I need a correction over the yellow trendline. Then I'll place a pending...

WaveAnalysis

It seems like a running flat is in the making between the green lines. If so, we should get an upward impulse for the completion of the wave B. That's why I'm looking for long trade setups. As you can see, my expectation is more downside first because we have a nice Fib confluence around 1.47050 between 0.886 of the green A and 1.272 of the blue A. That being...

WaveAnalysis

I think a huge correction between the red lines is made, and the last low can be the end of it. The last part looks like a squeezing channel, which is one of the best reversal patterns. Although everything looks good for upside, it's still in the channel, and it can come down more. What we have after the last low looks like a reversal structure. Now, I'm waiting...

WaveAnalysis

It's too early to say, but it looks like a running flat is in the making between the green lines. Based on that structure, my forecast is an upward impulse. That's why I'm looking for a long trade setup, and it seems like we have a reversal impulse after the complete expanding flat between the blue lines. Now, I'm waiting for a small correction to place a pending...

WaveAnalysis

On the daily scale, a running flat should be in the making, and it seems like we need an upward impulse for a complete wave B inside that daily running flat. So, I'm looking for long trade setups. As you can see, we got a bounce-back, which can be the reversal impulse, after a new low, which can be the end of the wave C. Now, I'm waiting for a correction to place...

WaveAnalysis

We may have a complete correction, and if this is the case, we should have a reversal impulse. Now, I'm waiting for a small correction to place a pending order. The only thing that I didn't like here is the depth of the blue ABC. Even 0.382 retracement level has been reached. Of course, it can be a shallow correction, or we can have a bigger one. We'll see that...

WaveAnalysis

On the bigger picture, it seems like a corrective structure is in the making. If this is the case, we should get an upward impulse to 1.22 - 1.23 area to have a complete B wave, which will be a running flat. That's why I was waiting for a correction like the yellow ABC. Now, I'm waiting for a complete correction after the potential reversal impulse to place a...

WaveAnalysis

We may have an expanding flat, which might be over at the last low. If this is the case, a reversal structure should be in the making. I don't want to place an order above the reversal impulse because it can make a correction and new low. That's why I'm waiting for a complete correction and a small trade setup to place a pending order. I'll move SL to BE when the...