Hi There.
Finally, It is time to start wave 5 of bitcoin bearish market and I think in this scenario, we will have new lower low.
This fallen is a latest part of bearish market and after that, bitcoin market will be bullish.
I think that wave 1 from 5 show itself as 2 A-E model and after that, wave 3 would be sharp and disappointing.
But it is time to buy :-).
I think AUDUSD has a good potential to fall for short term view.
It complete wave A by an impulse and wave B by a flat and everything is OK for wave c.
So we can test our chance to get it .
Goodluck.
As you can see, I think this symbol is in correction to correct the latest super cycle impulse.
So we have A and I think B will complete soon at 0.68578.
I except that hunt price in this price and follow it until 0.70700 for my first target.
If everything OK at this resistance to continue bullish view, I trace it until 0.72500 as second target.
Good luck.
I think wave C from wave 2 has been started and first impulse of it is ABCDE.
So by this view,we can open our position at the upper trend line and it probably get us target at the end of wave 4 of wave 1.
In this project,stop should be set at the top of B from ABCDE (price :0.69830 ).
entry: 0.69620
stop: 0.69830
tp: 0.68680
Good luck.
it want to complete wave C from flat correction.
And to do this,it should generate a 5 wave to down.
Because we have a Expanded flat,there is most probably to break point A.
Hi there.
I think this chart has finished its correction in big cycle and it wanna build a new bullish cycle in bullish direction.
So it build wave 1 and its in wave 2.
Because wave 5 of 1 was extended, It may correct until wave 2 zone from wave 1.
But my suggest for you is that enter in buy position at the end of wave 4 with half of your position lots and set...
As you can see , I count Elliott waves of this chart since data has existed.
Finally I think it is in wave 2 and correction type is triple combo.
because latest bullish movement has been shortened in wave 5.
So we understand that latest movement was zigzag and because we have 3 (3-pattern) before it,I guess its 4th (3-pattern) from triple combo.
On the other hand,...
In This Day, XAUUSD Return From TrendLine 4H And get First Sell Signal.
For Second Signal , I Have Resistance Zone Between Create BAT Pattern And 70% .
If this area works, we could get Elliott's third wave from the beginning.
Given the profit-loss ratio, it is a good trading opportunity.
I Think Price Return From 200% Wave 1 Of Elliot Cycle.
So It Must Correct 23-38% And Then Fall Until 261% Wave 1.
I Suggest 2 Position For Short And Long Time.
Have Good Trade. :)
If Classic Bullish Break Happen Like This , I Think That We Have Bullish Trend Atleast 1 Elliot Cycle.
I Use Buy Stop 10 pip Upper Than last Bearish Engulf .
If Trend Go To End Of Rectangle , I Remove My Order .
If I'm wrong, thank you for your Tips.
Have Good Trade.
