Microsoft has gone up too fast, I believe its a good time for correction and with the complete Tech sector looking weak, I'll be watching the lower TL to go short.
I believe DXY is due for a correction. I'll be watching the lower trend line for a confirmation while I already see H&S (on lower TF) along with RSI divergence on the current chart..
I've shorted with TP1 around 671 area. It seems to have formed an ending diagonal with a clear divergence on weekly TF...
Gold is correcting the 1335 to 1124 move before we go for the final Wave down.
It seems that Oil has completed the downwards cycle for now and a potential reversal. I'll watch this closely today/tomorrow and share further confirmations (or failure) as I come across those.
WAVE C COMPLETING WITH A LEADING DIAGONAL AND READY FOR A SHORT as soon as it breaks the trend lines
I see divergence on M30 and H1 to confirm completion of B so went short.
Probably the strongest reversal patterns in EW! Wave-5 completion confirmation and just waiting for the price to fall below trend line to go short on Monday
Daily Wave-5 started to complete the Weekly correction (IV) before starting the final weekly impulse Confirmation with Divergence on Daily, 4H and smaller timeframes
Watching the final leg of this impulse and divergence is starting to get in place. It will be a huge opportunity with thousands of pips once up move is confirmed.... I'll continue to update the chart as this shapes up further
Targeting 1330-1350 after this final leg...
See my previous charts and its a continuation of the same wave. Here's my trade setup Long at 108.63 SL: 108.49 TP 109.49 Please don't forget to hit 'like if you found it useful :-)
Beautiful Elliott waves, long and short after reaching 5
completing 12345 around 59-70 for a ABC retrace to TP1 108.907 and TP2 108.41
Bearish Bat forming with a target of 1243-1244