WaveAnalysis

WaveAnalysis

It seems a running flat is in the making. I'm waiting for a new high and reversal pattern to take a short trade. When I see the end of the C wave, I'll hedge my trade.

WaveAnalysis

It broke the last low, but didn't break the previous one, and bounced back. If a regular flat is in the making, we should have an upward impulse as C wave. That's why I placed an entry order.

WaveAnalysis

It looks like a running flat is in the making, and if so, the last top can be the end of the B wave. Then we got a reversal impulse. Now, I'm waiting for a reversal pattern to take a short trade, because we may have a complete correction. But my main forecast is one last upward movement for a bigger correction.

WaveAnalysis

Hello Traders If the B is an expanding flat, the previous low shouldn't be broken. That's why I took a long trade from the bottom but it was a risky entry. That's why I risked only 0.25%. After that, it bounced back. So we can have a reversal impulse, and now, a correction is in the making. When I see a complete regular flat, I'll place a pending order over the...

WaveAnalysis

Hello Traders If the last top is the end of the B wave, what we have after that, should be a reversal pattern. After the yellow C, we have a lower degree reversal impulse, and now, a correction is in the making. I'll place a pending order after the C. Trade with care. Bulent

WaveAnalysis

Hello Traders Since my forecast is a bigger correction, I'm looking for short trade setups and the channel can be one of the best reversal structures. That's why I placed a pending order under the last low. Trade with care. Bulent

WaveAnalysis

Hello Traders One more upward impulse for a bigger complete correction is unnecessary, but the downward movement looks like a correction. That's why I'm looking for long trade setups. The last low was 0.618 retracement of the A wave and 1.272 extensions of the blue "a". We got the reversal impulse. Now, I'm waiting for a correction and a trade setup to place a...

WaveAnalysis

Hello Traders If the structure between the green lines is an expanding flat the previous high cannot be broken. So there is no room for more upside. That's why I want to take a short trade and I placed a pending order under the reversal impulse on 15m TF. My minimum target is a new low. Trade with care. Bulent

WaveAnalysis

Hello Traders The last top can be the end of the monthly correction and we can have a downward impulse to 1.90, but my forecast is a correction and one last upward movement before that big drop. So I want to take a short trade for the A wave inside the correction. That's why I placed a pending order under the last low. My target is 0.382 retracement of the orange...

WaveAnalysis

Hello Traders Although the reversal structure doesn't look good, I placed a pending order over the last top because 3 reasons. First, my forecast is an upward impulse as a C wave for a complete running flat. Second, the last low tagged a very strong Fib confluence level (272 extensions of green and blue A waves) and got a reaction, which doesn't look too strong....

WaveAnalysis

Hello Traders The last low can be the correction's end, and the sharp bounce-back can be the reversal impulse. If so, we should have a pretty strong upward impulse after a correction. That's why I'll take a long trade if it makes a correction. But my expectation is one more downside after a running flat. If it drops and gives me a trade setup, I'll buy it. Trade...

WaveAnalysis

Hello Traders It should be making a correction for more upside. That's why my forecast is one more drop for a complete correction. As far as I can see, the B wave can be over. So I'm waiting for a reversal pattern to place a pending order. Trade with care. Bulent

WaveAnalysis

Hello Traders Although I like neither the downward movement as a whole correction nor the sharp upward wave in the middle, I placed a pending order over the last top and I'm in the trade. If the previous low (orange B) is the end of the weekly regular flat, we can see a pretty strong uptrend any time soon. To wait for a small correction to take a long trade can...

WaveAnalysis

Hello Traders After the last top, it dropped fast and now, it looks like a correction is in the making. So my forecast is another drop. That's why I'm looking for short trade setups, and to place a pending order, I'm waiting for a reversal structure. The downward impulse can be the C wave inside a correction, which will be completed over the green trendline....

WaveAnalysis

Hello Traders My forecast can be wrong here if USDJPY makes a strong upward movement as I expect, but what is my forecast here is a pretty big C wave for a complete regular flat. That being said, one more upside seems possible after the 4th wave for a complete regular flat in the B. That's why I want to take a long trade and to do that, I'm waiting for a...

WaveAnalysis

Hello Traders It looks like we have an expanding flat, and it might be over. If so, a reversal pattern should be in the making. That's why I placed a pending order under the last low. Trade with care. Bulent

WaveAnalysis

Hello Traders Because of the higher degree structure, my forecast is a new low and a strong reversal. It looks like a correction is in the making before the last drop. Now, I'm waiting for a trade setup to buy it. Then I'll hedge my trade before the last drop. If it doesn't give me a trade setup, I'll wait for a new one after the yellow C to sell it. My goal here...

WaveAnalysis

Hello Traders My forecast is more downside under the trendline. That's why I'm waiting for a correction to take a short trade. Trade with care. Bulent