Price must be on tension moving compressed as it did the last days. Might be a nice, huge pullback to old broken structure. Good luck
The USDCAD is currently moving in a flag. If my count is correct, it's preferred direction should be up, hence a breakout to the upside is more likely. In addition, we have a 1-2-3 pattern in the flag. Good luck
Barrier may be about to burst. Could be an explosive move. Good luck
A possible wave count / ended cycle + trendline rejection + channel break, additionally macd double bottomg (indication that C wave is over). Current impulse for the next wave ist still in the making but it should wipe out at least the two highs on the left side in the next days. Good luck
Like in my NZDUSD idea, I'm new into wave trading so I would appriciate if an expierienced wave trader would leave a comment (trying to learn here :] ). Good luck
I'm new into elliot waves and it would be nice if an expierienced wave trader would comment on this idea. This wave is picture perfect as far as I learned about it
EURUSD is currently in correction, moving in a wedge. Additionaly, , there's a completed 5wave so price may break the wedge very soon, but there's still the chance of another down move right into the trendline for a retest.
I give up on any down bias and instead look for a buy. Buy the BO. Good luck
Price finaly closed above that old trendline and pullbacked right to it. I will buy the breakout. I target the 0.773 figure. Good luck
Price broke trendline which could lead into another selloff but there's the chance that it's going up one more time. I'm going to buy/sell any breakut. Good luck
Price broke trendline and is now moving in wedge pattern. I'm going to buy the breakout. Target will be the 133 figure - round number/trendline/fib ext confluence zone. Good luck
Price hit support and is now moving in a structure. The support level is not too great and there's still some room to the downside ,so price may be just in a correction but a close above the said structure should open the path for a larger scale corrective move up to the .382fib that proofed to be a strong resistance
Sell structure BO. The path is then open to the 0.76 figure. Good luck
In the big picture,price moved down to daily trendline ( thick blue trendline) which is a strong support and price reacted to it 3 times in a row with rejection. in the recent hours, a flag formed which was just broken but price faces another long lived trendline which needs to be broken to confirm any up bias. On chart, you can see the two scenarios I imagine...
Price broke a daily trendline (blue) and another trendline (light blue) connecting short term lows which opens the possibility of potential shorts. But I think the lowest risk to reward short opportunity is to wait for price to break the teal channel and then short the correction ( which is likely to happen because of the double bottom resistance level). Good luck
Price may finaly escape it's little box and goes straight to the above PRZ where I'm going to watch PA. Since a weekly supply zone is directly above the shown PRZ I won't short the moment price touches/goes into PRZ because price could advance further into the weekly zone and then marches straight down south. I'm going to look for a nice pattern (like a flag) to...
Price is about to break out of a flag pattern. Sell the BO. Good luck