WaveAnalysis

WaveAnalysis

The upward structure can be a correction and if so, we should see a nice drop, which will break the previous low at 23.78. That's why I placed a pending order to take a short trade. If it makes a correction for more upside rather than a downward impulse, I'll hedge my trade. My risk is 0.5% because of the strong momentum of upside and the fact that 0.786 hasn't...

WaveAnalysis

We may have a complete correction between the green lines, and a reversal impulse. So, the next wave should be more downside after a correction. The structure between the yellow lines can be a complete correction. That's why I'll take a short trade when I see a valid trade setup, which is a correction after the break-out. That being said, my main expectation is a...

WaveAnalysis

The last top can be the end of the monthly running flat. That's why I want to take a short trade. We may have a complete reversal structure. Now, I'm waiting for a small trade setup to place an entry order. It isn't my main plan to place an order under the potential reversal impulse because we may see more upward movements. There is a trendline around 155,500. So,...

WaveAnalysis

The last top can be the end of the wave B. It has come down from almost 0.886 retracement of the A wave, and the reaction was strong. It looks like we have a complete correction after the potential reversal impulse. My expectation is the C wave for a complete 4th wave. If the wave 4 is in the making, I think it will drop to the trendline. Now, I'm waiting for a...

WaveAnalysis

We may have a complete correction and small reversal structure. Actually, we may place an entry order over the last top, but I don't want to do that because there is still a chance for one more downside. That's why I'm waiting for a small trade setup after the running flat. If I get it, I'll place a pending order and move SL to BE when it breaks the last top.

WaveAnalysis

My expectation is a quite big upward impulse after the current correction. That's why I want to take a long trade. We have some sort of squeezing structure at the end. It can be a strong indication for completion of the correction. Now, I'm waiting for a reversal pattern to place a pending order.

WaveAnalysis

Although my expectation is a bigger correction under the blue trendline, the upward movement can be a complete correction, and we can have a strong downward impulse. That's why I want to take a short trade and see what will happen next. I'm waiting for a valid trade setup to place a pending order.

WaveAnalysis

The blue ABC may have a complete contracting flat. If so, the last upward movement should be the reversal impulse. And the last part looks like a correction. That's why I'm waiting for a small trade setup to place a pending order.

WaveAnalysis

My forecast is a pretty big drop, but before that, it looks like we will have one more upside after a correction. I don't think the running flat is over, but I will take a long trade when I see a valid trade setup. After a new high, I'll hedge my trade, and hopefully, I will catch the starting of a huge drop.

WaveAnalysis

It seems like the last top was the end of the 3rd wave, and now, 4 is in the making. As you can see my expectation is a downward impulse to the trendline. My target is 1.272 extensions of A and 0.382 retracement of 3. I placed a pending order under the last low because we may have a complete running flat, but I'm waiting for a lower degree trade setup to modify my order.

WaveAnalysis

I want to take a long trade because my forecast is an upward impulse for about 1000 pips. But before that, it looks like we will have one more drop for a complete correction. That's why I'll take a short trade to hedge it. I'm waiting for a reversal structure to place a pending order. When the red line is broken, I'll move SL to BE. Because the correction can...

WaveAnalysis

The last top can be the end of the C wave, as well as the running flat. If so, we should have a complete correction because it made almost a double top. Now, I'm waiting for a small correction to place a pending order under the last low.

WaveAnalysis

We may have a complete regular flat. That's why I want to take a short trade. To place an entry order, I need a correction, but the breaking of the trendline is not necessary.

WaveAnalysis

Unfortunately, the internal structure of the yellow C is a mess. That's why it's not clear if it's over. We may see more downside. But the bigger structure looks pretty clear. As you can see, my expectation is the C wave for a complete regular flat. So I'm waiting for a valid trade setup to place a pending order. What we have after the last low can be a trade...

WaveAnalysis

The last top is the all-time high, and what we have after that looks like a reversal structure. For now, I can't tell if it will make a small or pretty big correction for more upside, or a huge drop. But in all cases, we should see a downward structure. That's why I want to sell it. To do that, I'm waiting for a complete correction. I may place a pending order to...

WaveAnalysis

The upward movement from 124 looks like the C wave in a monthly running flat, and it might be over. That being said, there is still some room (approximately 300 pips) to go up. So, we will see that part, but if it's over, we will have a quite big drop, like 4000 pips at minimum. Of course, I won't trade this chart with 4000 pips target, but we can have some huge...

WaveAnalysis

The downward movement could be over, and we can have a pretty big correction. That's why I want to take a long trade. It looks like we have a complete reversal pattern. Now, I'm waiting for a small sideways movement after the break-out to place a pending order. As you can see, there is a chance for a correction under the blue trendline and probably one last drop....

WaveAnalysis

The last top looks like the end of the B wave inside a running flat. If so, we have a reversal impulse and correction. Now, I'm waiting for a small sideways movement to place a pending order.