ezodisy

ezodisy

This pair has charted five waves up from a truncated low. I do not view this as a C wave from the low due to price's position in the weekly chart (ending diagonal -- see chart below). Simple strategy here is to buy a three wave correction for the next move higher.

ezodisy Updated 

Until April's low is broken, this pair maintains a bullish slant for a move towards 1.50+. Movement the last few days has been in 3s, possibly for a triangle. The whole structure from May's high is corrective chop. Will reassess on the weekend.

ezodisy

Looking at the current sideways action as the construction of a 4th wave for one more high to complete a five wave move from 74.547. I drew in two possibilities -- a triangle, or a move towards the 38.2% of wave 3 before moving higher. This pair has significant potential for longs (see attached chart)

ezodisy

Possible ending diagonal. I am looking for another leg lower. See attached chart for the bigger picture

ezodisy

My bullish mood from the low has turned to neutral. The move up is only 3 waves. Stops should be above 1.4400 to secure a profit. Price is currently at support. Another 3 wave move up towards 1.4550-600 is possible to complete a larger 3 wave structure from 1.4248 (Y). If today's daily candle fails to close as a bearish piercing, I would favour a continuation...

ezodisy

It looks like the last move down a few days ago may have truncated to complete the pattern. Counting this as a third wave up at the moment. Upon completing a 5 up, will look for entry points on a correction. See attached chart for the weekly view. This should be the start of a massive move up over the next months.

ezodisy

The daily chart shows a corrective pattern from the June high. All gyrations are in 3s. The final leg of this three wave correction--(Y)--whether read as a triple-three, or A, B, and a double-three for C, has the same corrective conclusion. The fact that a trendline was broken is irrelevant because the waves have not finished yet. A few more gyrations down, and...

ezodisy Updated 

Strong move up today but price still hasn't broken out. Gyrations are still in 3s, so it's possible we are forming a triangle or a flat for a few days of sideways action. This is only an idea as we don't yet have a breakout to work with, and movements are in 3s so far. Wednesday 13/7 is the BOC announcement, so this is one idea to consider if we don't break out...

ezodisy Updated 

Recounting this again. The point is that it is still bullish. Working on the Brexit spike down as the low, and the sharp rebound from it as the first move up of C towards 1.50x. A break of the low (1.42479) will wipe this view.

ezodisy Updated 

This pair is still bullish. My previous thought of a further low or two is not the likeliest correction. Within Elliott Wave it could be forming a triangle here, with no low break, signalling a move up for the larger C wave towards 1.50x. Yesterday's daily candle is a good indication for a base being set up. If this triangle is to work out, we need to see c, d and...

ezodisy Updated 

I've been bullish on this since 1.429x, however it's possible that we need one more low to complete a triple-three WXY correction. Following that would be the C wave towards 1.50x-1.53x. Today's violent price action ended with a basing, near inverted hammer on the daily. Picture is mixed until a break either way.

ezodisy Updated 

Right now counting this as wave 4 of the advance (a sharp 4, alternating with 2's sideways flat).....still bullish.....Will adjust if price dictates otherwise.

ezodisy

Buy 3 wave corrections, price has turned bullish from the lows.

ezodisy

Price made a new low to complete a wxy correction. The move from the low, at its current point, is a 5 up. Any 3 wave correction of it should be a buy so long as no wave-bending changes to current move up. Price target 1.50 - 1.53x.

ezodisy

The triangle correction (see last post) is not working out, but I can see a more likely view of the correction, which anticipates a long move on the very next low. The assumption is that price has already made a low, for (Y), and that the move since then has been a correction of that spke up. Basically the buy range is in the highlighted area. I will reassess if...

ezodisy

The triangle is complete, and a 5 down can be counted for 1. I will be looking for wave 2 tomorrow, followed by a sharp move down. Once we touch new lows, it'll be a buy.

ezodisy

Still grappling with this time-wasting triangle. In need of a squiggle for e, then a new low. Triangles portend a final move before reversal.

ezodisy

What I had labelled as a triangle is now looking less and less likely to me. It could be a different correction, still targeting a new low. There is also a possibility that a low is in........GDP news today might reveal direction.