We are looking for at least another retest at the lows, posibly go even lower which gives us great buying opprtunity.
USDCAD should be seeing a resurgence in its bullish trend. This, ofcourse will be more apparent once the top has been broken.
GBPJPY will finish an upward correction before breaking its current floor.
Posible downturm continum for EURJPY with most probably a C wave in progress.
There seems to be a strong indication that if bitcoin breaks the floor its currently on it may drop at least 4k from current price action.
We should be seeing a 4th wave correction coming in the way for ripple after which we can certainly expect a new historic peak in its price action.
The wave structure of price may bring down a C wave to finish the prevoiuse cycle after which we can expect a bullish long term opportunity for GJ. HAPPY TRADING :)
We are currently beginning a Wave C on the bullish side.
Short term bullish Zig-Zag formation for XAUUSD.
We seem to be on a fourth wave which most probably is presenting itself in the form of a Zig-Zag. The cluster of the fibonacci levels shown by the blue box should prove to be a good resistance level for the stock and a very probable starting point for a coming fifth.
The best interpretation of the wave analysis I could make out of this chart is very clear and we should have no problem getting to the zone of 139.40 pesos before bouncing on the ALL TIME HIGHS in our fifth and Final Wave.
We are most possibly on the advance of a Fifth Wave which would inevitably (except on the extremly rare scenario of a truncated fifth) take us on to highs above wave Three.
This scenario tells us that the stock may still have some upside potential for a fifth and final wave before we start a correction o the actual trend which would inevitably lead us to lower lows.
It seems the stocks may still have some bearish progression to make before it can get back to new highs.