WaveAnalysis

WaveAnalysis

Hello Traders It made a new low and bounced back. So the last bottom can be the end of the bigger correction and we can have an amazing upward impulse. That being said, a running flat under the orange trendline seems more likely. I'm planning to take a trade and hedge around the trendline. Then I'll wait for the next structure. I placed a pending order, but if I...

WaveAnalysis

Hello Traders It looks like 12345 structure is in the making in the C wave of the daily regular flat. If so, the last top should be the end of the 4th wave. That's why I'm waiting for a small correction to place a pending order. I'm planning to hedge my short trade around the 0.618 retracement level. Trade with care. Bulent

WaveAnalysis

Hello Traders It looks like we have a complete correction over the blue trendline. If so, the last bounce back should be the reversal impulse. Now, I'm waiting for a correction to take a long trade. Then I'll hedge my trade between the white line and red trendline. Trade with care. Bulent

WaveAnalysis

Hello Traders The last low can be the end of the correction, and if so, a reversal pattern is in the making. I'm waiting for a complete correction and a small trade setup to place a pending order. Trade with care. Bulent

WaveAnalysis

Hello Traders The last top should be the end of the yellow 5. It should be making a correction now. It can stay over the green trendline or come down more for a bigger correction. That's why I want to take a long trade to hedge it at the end of the C. I placed a pending order over the last top and when it's triggered, I'll place a sell limit order to 118...

WaveAnalysis

Hello Traders I'm waiting for a small upward movement for the completion of a regular flat and a reversal pattern to place a pending order. Trade with care. Bulent

WaveAnalysis

Hello Traders My main forecast is an upward movement for the completion of the running flat, but we can have a bigger impulse all the way up to the green C wave directly. I'm waiting for a correction to take a long trade. Trade with care. Bulent

WaveAnalysis

Hello Traders We have a WXYXZ corrective structure. The last top hit the upper line, 1.618 extensions of Y, 0.886 retracements of A, and got a reaction. Now, I'm waiting for a complete correction after the reversal impulse. Then I'll wait for a smaller trade setup to sell it. If it makes a new high, I'll take a short trade after a new reversal structure. Trade...

WaveAnalysis

Hello Traders My expectation is a little bit more upward movement to 29,08 where we have a Fib confluence (0.886 retracements of the downward impulse, 0.118 extensions of the blue A and 0.618 extensions of the yellow A). Then I'll take a short trade. Trade with care. Bulent

WaveAnalysis

Hello Traders If the blue B is a running flat we should get at least one more downward impulse for the completion of the higher degree expanding flat. That's why I'm waiting for a correction to take a short trade. After it brakes the previous low, I'll hedge my trade. Trade with care. Bulent

WaveAnalysis

Hello Traders It seems it will come down one last time to complete the regular flat and then go up. That's why I'm planning to take a short trade to hedge it at the end of the C. Trade with care. Bulent

WaveAnalysis

Hello Traders As far as I can see, the last top was the end of the upward movement, and in this case, the drop after that should be the reversal impulse. We have a complete correction now. That's why it can be a good idea to wait for a small correction and place a pending order. My expectation is a pretty big correction for more upside, and my target will be the...

WaveAnalysis

Hello Traders There are some other options, but the last low can ben the end of the 2nd wave. That's why I want to take a long trade. That's why I've placed a pending order over the last top with SL under the last low by risking 1%. Trade with care. Bulent

WaveAnalysis

Hello Traders A correction for more upside should be in the making. If it gives me a trade setup on 15m, I'll take a short trade to hedge it at the end of the correction. Then I'll hedge my trade at the end of the C. Otherwise, I'll wait for a downward impulse and a reversal pattern to take a long trade. Trade with care. Bulent

WaveAnalysis

Hello Traders It has reached my potential reversal price (1850) and gotten a reaction, which can be the reversal impulse. I'm in the trade already. A small correction under the yellow trendline can be a good trade setup. Of course, it can be making a correction for more upside. I can only hope that it will make a big enough correction. So we can hedge our...

WaveAnalysis

Hello Traders My forecast is one more upside for the completion of the B wave. That's why I want to take a long trade in order to hedge it at 0.786 retracements of the A wave. I'm waiting for a correction over the trendline to place a pending order. I'll put SL under the trendline. Trade with care. Bulent

WaveAnalysis

Hello Traders After a drop for about 2000 pips without a decent correction, I think it's time for a bigger correction. The last low can be the end of the drop and what we have after that can be a reversal structure. I'm waiting for a trade setup to place a pending order. I plan to move SL to BE when the last top is broken since there is a chance for another...

WaveAnalysis

Hello Traders The upward movement should be the B wave inside a bigger correction, and the last top can be the end of it. If so, we have a reversal impulse and correction. That's why I've placed a pending order. Trade with care. Bulent