ciano1993

ciano1993

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ciano1993

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ciano1993

If price can break this upper trend line a Wave 3 is likely to follow.

ciano1993

Wave 3 of 5 could be about to follow.

ciano1993 Updated 

Wave B looks like it could finish around the 0.382 retracement of Wave A, a Wave C would be likely to follow next.

ciano1993

Wave 2 looks to have completed in 3 waves between the 0.5 and 0.618 fib retracement levels of wave 1. A wave 3 is likely to follow soon. This wave 2 could also still develop into a more complex pattern such as a flat, if the move up develops in 3 waves to the wave i extreme protect yourself by moving your stop to break even as soon as the impulse is invalidated.

ciano1993

Wave C looks of a ZigZag looks to have completed and been followed and impulsive move down which was corrected by another ZigZag. Pending order has been hit on the break of wave 3 of 4. Minimum target for a wave c is equal to wave A. If this is a wave 3 it should approach or pass the 1.618 extension of wave 1.

ciano1993

Note: I should have extended the minimum target level down to the 1.618 fib extension of wave 1. Wave E of a Triangle in Wave 4 has completed and Wave 5 is likely to follow. Wave 2 has completed as an Expanded Flat just after the .786 fib retracement of Wave 1. Wave 3 is likely to follow this Wave 2 Expanded Flat. Pending order has been set on the break of Wave...

ciano1993

A Wave 2 ZigZag has completed at the .618 retracment of Wave 1 which is a strong indication the correction has complete. The price has already made a bounce from this level and seems to be in a correction which has probably has further downside before the up move. This initial bounce could be the beginning of a Wave 3. The larger picture shows this Wave 3 could be...

ciano1993

Wave E in the contracting Triangle I posted previously appears to have completed as a 5 wave impulse. It looks as tho this impulse in wave E is being corrected by a ZigZag which is currently in wave 3 of C. A barrier triangle has formed as wave 4 of 3 in C. On the break of this triangle I am expecting a wave 5 to complete wave 3 of C, then be corrected by a wave 4...

ciano1993 Updated 

4 hour chart showing a 5 wave impulse being corrected by a 5,3,5 ZigZag pattern. Wave 4 of 5 in Wave C of the ZigZag is currently in progress. Price showing resistance at the 0.618 retracement level off the impulse. RSI touching/nearing oversold territory. Initial price target set at a 1.68 multiple of the impulse wave (2:1). Entry level only once the extreme...

ciano1993

It appears 5 subwaves of a Contracting Triangle have completed in wave 4. It looks like this Contracting Triangle may be the full corrective move of wave 4 since it has reached the .382 fib retracement of wave 3, this is the most common retracement for a wave 4. It also appears to have ended near extreme of wave 4 of one lesser degree in the impulse which is...

ciano1993

It appears 5 subwaves of a wave C in a ZigZag have completed. It looks like this ZigZag may be the full corrective move of wave 4 since it has reached a price level between the .382 and .500 fib retracement of wave 3, it is also in correct proportion to wave 2. The RSI indicator supports my prediction that wave 4 has ended. RSI Range Rules say that in an...

ciano1993

It appears a contracting triangle has appeared in wave 4 of an impulse (A contracting triangle can only occur in wave B, X or 4). A wave 5 impulse at the same degree as the contracting triangle could have already begun but I am taking a conservative approach since the substructure of the contracting triangle is not ideal. Entry Level: Once the extreme of wave D...