jannatul96

jannatul96

Elliot Wave Key: Pink Wave - 1st Degree Black Wave - 2nd Degree Blue Wave - 3rd Degree My count tells me we are in Wave 5 of 3rd Deg (Blue), of Wave 3 of 2nd Deg (Black), of Wave 5 of 1st Deg (Pink) So far price has broken out of resistance zone and has already retested twice and heavily rejected on the second retest at the 0.382 Fib. The drop from the RSI...

jannatul96

SHORT THAT SHIT... or wait for retest of trend line and then enter

jannatul96

Waiting until breakout of trendline to go short up to 0.618 Fib and channel support

jannatul96

RSI Divergence Ascending Wedge breakout and retest complete Targets in Pink

jannatul96

Weekly: - Corrective Symmetrical triangle - 5th sub wave left to complete on this impulse wave Daily - Wave 4 had a nice 0.5 - 0.618 retracement & Bounced - Going up for 5th wave - Breakout form descending channel, no retest yet - Red Doji 4 Hour - In this Major Wave 3, it does not look complete. It has not reached a 1.0 extension. Expecting upside to 133...

jannatul96

RSI Divergence can be seen the 2 previous Swing Highs, (End of Wave 3 & 5), MacD is downticking Strong impulse wave up, so not expecting a very deep retracement Targets at 0.236, 0.382 0.5 Fib levels SL few pips above wave 5

jannatul96

Small bull flag on 15M chart. This may lead to a break out of the trendline resistance to the upside

jannatul96

LONG ASS WICKS AT RESISTANCE PRECEDED BY A BIG ASS BEARISH ENGULFING CANDLE FEELING BEARISH TARGETS AT MAJOR SUPPORTS AND FIB LEVELS TP 2 IS THE MAIN TARGET - RESISTANCE & 0.618 FIB

jannatul96

boolish

jannatul96

Bearish: - Downtrend on larger timeframe - Price at channel Resistance - Price approaching resistance (Blue) - Oversold on RSI

jannatul96

BEAR Downtrend Slight Pullback at resistance Bearish Engulfing Descending triangle on 4H BULL At 0.5 - 0.618 Fib No clean break through resistance yet --- Leaning towards the bearish side, to complete the Descending triangle

jannatul96

Bullish (BLUE & ORANGE): - Higher Lows on 1D timeframe - Multiple Retests on Red resistance zone which may lead to a possible breakout to 111.7 resistance Looking for Long entries above resistance SL below resistance, below previous Swing highs TP is below next resistance and at trendline resistance --- Bearish (GREEN & RED): - At Red Resistance (Daily) and...

jannatul96 Updated 

Is 1.1645 resistance is broken, I will be looking to go long on the retest up to the 1.1710 Resistance.

jannatul96

Waiting for confirmation of bounce at support and breakout of down-trending channel Targets are next at next resistances and labelled in chart Stops Losses outside the triangle TP1 - R:R - 1.07 TP2 - R:R - 1.86 --- Thanks for reading, Any feedback is appreciated

jannatul96

Re-entry between 0.5 and 0.618 Fib: 0.5 Fib =110.15 0.618 Fib = 110.10 Targets: TP1: 110.56 - 110.64 R:R = 1.7 Above 1:1 & extension below major resistance TP2: 110.77 - 110.86 R:R = 2.41 Below Swing high Resistance and 1.618 Fib Stop Loss SL: 109.86 Below swing low, signalling wave failure --- Also, possible formation of Head &...

jannatul96

BULL CASE: - Uptrend since 30th May - Still a 5th wave remaining according to Elliot Wave - Wave 4 bounced at 0.5 Fib, Wave 1 Resistance & Trend line Support - Target is 1:1 extension for the 5th Wave - SL is below Major Resistance - R:R = 2.23 BEAR CASE - Major resistance at 1.1820 - 1.840 - Downtrend since 19th Apr Also, possible H&S formation if price...

jannatul96 Updated 

Impulse wave possibly completed, correction to follow. Entry is just below current consolidation zone - 1.1812 SL is just above 5th wave - 1.8415 TP1 - 0.382 Fib & wave 4 Resistance zone - R:R = 1.51 TP2 - 0.5 Fib and start of major Resistance zone (GREEN BOX) - R:R = 2.24 TP3 - 0.618 Fib and wave 1 resistance - R:R 2.82 --- On the bullish side, possible...

jannatul96 Updated 

Possible 5th wave left on the this short-term uptrend Wave 3 showed a 1:1 extension, so I am targeting a 1:1 extension on the 5th wave. Entry at Just above 3rd wave (1.8000) SL should ideally be below 4th wave, in case this 5th wave fails. But I am keeping SL just below the current consolidation zone (BLUE). TP1 is just under resistance zone - R:R = 0.68 TP2 is...