chessnut

chessnut

Here is an EW illustration of a possible primary wave down in the GBPUSD. This could mark the end of a long upwards cycle, and holding short below 1.7 could prove an extremey profitably long term position. Looking for a clear abc pattern to play out before going aggresively short. hopefully we will see a .618 retracement.

chessnut

This is a valid and significant primary wave EW count for BTCUSD after bouncing off major lows (339). For a C wave on a larger scale, we also have a five wave impulse complete. This is a crucial count to refute bearish arguments that we are in a descending diagional, when it is very possible that the correction cycle is complete.

chessnut

an ABC has terminated, and now we have a clear primary wave up on a smaller scale. this should be followed by a III wave at least, and could be the beginning of a larger cycle upwards.

chessnut

The EURJPY is offering a clear ABC count playing out over a larger fractal. This scalp should catch wave iii of C.

chessnut

This is a high confidence set up, looking to sell on wave c of ABC (full ABC not illustrated) Wave c always unfolds in 5 waves, so this wave (which is impulsive) needs one more leg to the upside. the sell target will be 0.5-0.618 of wave iii, but only once 5 waves have unfolded. because the larger picture is an ABC, the downside target is very big, possibly on a...

chessnut

Another nice example of fractals.

chessnut

very nice example of fractal behaviour. the purpose of this is not predictive, because I believe this is a longer term pivot.

chessnut

This is a simple and Valid count for a terminal correction in the BTC/CNY. the wace C extreme low terminated with a v(V) with a lot of price history behind it. This suggests a lot of rangebound consolidation if not reversal. Combined with significant divergance on the RSI, a clear breakout of the descending channel, furthermore resting on the channel as support,...

chessnut

this is a pretty obvious and consistent EW interpretation of the AUDUSD,that offers a VERY efficient risk/reward ratio to trade the uptrend LONG, but also an give an opportunity in the not too distant future to short. the iv wave of III will tend to turn around within the proximity of the (iv) wave of one lower fractal. we have an inverse head and shoulders...

chessnut

This is a simple and valid alternaitve count to an ending diagonal for the C wave. more plausible also, because sentiment around the 266 mark is overwhelming, and 400 is proven and tested support. hopefully the next bubble will commence.

chessnut

having completed a v(V), GBPJPY is stalling and rubbing down off a freshly exposed trendline. short GBPJPY is consistent with stock market sentiments. I am expecting to see cera 160 in the coming weeks/months. certainly, a more aggressive bearish count than ABC is possible, considering the state of global stock markets.