More weakness is anticipated after red wave (B). The recovery may be considered temporary.
We are expecting a pullback minimum in three waves. The important fib levels are mentioned.
More weakness is expected for wave (II). The bearish dominance seems temporary in nature. Always trade after confirmation.
The asset may find support below 11.42 where the 5th wave of current drop completes in terms of rules. Having said that it will be a running flat as long as it finds support above the termination level of black wave a. Running flats shows strong sentiment to prior trend. trade after confirmation.
The pair possibly unfolds a regular Fat formation. USDCHF may find support around the lower line of the channel or below the low of the red wave (A). Currently short positions may be considered after a three wave pullback of the recent drop.
Potential Long Opportunity. Good Luck. s long as the asset is trading above the start of blue wave i , the idea is valid.
A minor dump is left to complete some sort of flat. I am looking for a huge pump from red wave 2.
The current drop in Etherium is significant evidence of temporary top. As it unfolds a double zig-zag therefore a minimum of three waves set is left to complete the cycle. From the important FIb Ret Levels, it may find support.
More sideways expected. Potential Long opportunity is intact from 61.8% Fib Ret Level.
The potential Triangle is intact. More weakness is expected.
The potential triangle is intact. More side-ways is expected.
A new low is expected to complete the ending diagonal, that would be the area not buy and forget until new all-time High.
A final pull to down is left before taking off. 78.6% Fib Ret level may provide significant support. Watch out for the bullish Divergence in RSI.
Into correction phase. We are in the middle of deep correction. It may find support around the important Fib Ret level.
Running Triangles are trend continuation patterns which appear at late stages of a trend. I new bull cycle left before a flash crash..
May be the pair is unfolding a corrective cycle of a bullish trend. It is important to watch the fib levels carefully. This corrective phase should consume more time than previous bullish cycle and must be overlapped.