ezodisy

ezodisy Updated 

Updating this idea from the previous thread which has grown too long. We now have an established low for wave B of the correction, and a 5 up from it. Any 3 wave correction now is a buy. Tomorrow morning (Tuesday) will be the high court decision. For those who trade the pound, cable also has a 5 up.

ezodisy Updated 

Looking for a reversal in this pair to end a B wave correction, target above 1.8. I will update ideas to this thread

ezodisy Updated 

A number of possibilities here. It looks like a WXY correction from the high -- in sum for W. This up move is corrective and would serve as a major X, for another leg down for Y. Alternatively the high from the Sept ED could be a LD (Leading Diagonal), although not all the inner movements are down in 5. In sum this pair remains bearish and NZD is weak. I will...

ezodisy Updated 

Price appears to have made a 5 wave impulse for 1, and appears corrective for 2 now. If it can establish a low in the 1.49/1.48 area, there is enormous upside potential. Price appears to have already broken the long ending diagonal.

ezodisy Updated 

This pair has a lot of upside potential and appears to be entering wave 3 in a series of 1s and 2s. See charts below for the bigger picture. There is the possibility for a deeper wave 2 here, but at the moment it looks unlikely.

ezodisy Updated 

The entire move down from December appears corrective. I will continue to update this idea as it progresses. If it stays this way -- target 1.28

ezodisy

Looking for a thrust towards 1.1450 to complete E of an enormous triangle (see attachment)

ezodisy

The next low could print the fifth wave, so be wary of a correction to follow before the next move down.

ezodisy

This pair is weak and has printed 5 down for a first major impulse. However it appears to be in a triangle, so if we see a new low, be wary of a reversal for a sharp wave up to complete an expanded flat. The dollar index appears to need a move down before its next major impulse up.

ezodisy

Three wave correction for the second wave, going into a third for the larger (C). See last chart for bigger picture

ezodisy

possibly in a third of a third now. Leading diagonal for 1. At the moment it does not look like a B wave of a larger correction.

ezodisy

One possibility is that price is moving up to complete wave E of a large triangle before reversing. If this continues. watch for reaction around 1.1450 to turn down.

ezodisy Updated 

I think the minimum correction has been met -- (C) has finished or we are in or towards the tail end of it. Frankly I am looking for price to continue rising, as the down move is only in 3 waves so far (see chart below). There are several variations from here -- it's done, or one more up, or we just completed wave 1 of C of (C), or more beyond that. The bottom...

ezodisy

For now we have a corrective pattern within a corrective channel. Watch for reaction towards the 61.8 fib. A 5 down was printed last week, so the bears should have this.

ezodisy

To maintain the triangle, price needs to hold here and move up. The bigger picture is a large triangle with a target towards 1.1500 for final wave E.

ezodisy

The move from the low has been a simple ABC correction, with a tri for B. Nothing bullish about it yet. However the downtrend line going back to early August has been broken, so there may be a more complex correction up.

ezodisy

possible C wave of a corrective structure from the low in this pair. The larger ending diagonal is looking rather fake. Just observing this pair, can't trade it now without clarity.

ezodisy

I recounted this. We haven't yet seen an impulse up from the lovely purple ED, so price may squiggle down for another low. It would have to explode higher then for this count to be valid. The weekly chart still looks like a low is near. The alternative is a gloom boom and doom scenario.