merakshi

merakshi

hi all, USDCAD could unfold a triangle. We might see the last leg e. if this comes true, price will drop again below triangle, see projection. Cheers, Merakshi

merakshi

hi all, Watch this pair closely. After an impulsive (i) the running flat correction (a=c) could have finished wave (ii). Cheers, Merakshi

merakshi

Hi all, no words needed. Merakshi

merakshi

hi all, I guess DAX is currently unfolding a triangle. Triangles indicate the end of a trend. Money is being reshifted. We might expect a last push higher and then continuation of lower prices. The retracment of wave (i), ie. (ii) seems to unfold as an expanded flat, which would also a bearish sign. The inner counting of a triangle consists of 5 legs. At DAX...

merakshi

Hi all, From my view SPX has finished a bearish LDT and is now retracing / consolidating. I expect the retracement to stop at 50% which would coincide with the peak from FEB 20. When this happens, you can expect a very sharp downwards movement to the level marked. Cheers, Merakshi

merakshi

hi all, Dax has built several nested 1-2 legs. I am expecting wave (2) to unfold as an expanded flat and touch resistance at 12674. So price would have bounced from this level down three times. This would support the bearish stance. Stop-loss for this kind of sell trade is about wave ii (above 12810). If this analysis comes true we can expect a very sharp drop...

merakshi

hi All, Yesterday I catched the DAX right at the top ! How I came to that analysis based on Elliott waves / Fibonacci I will explain in a tutorial. Now wave (1) is finished and I am looking for the next retracement level. The first retracement is the level where the triangle appeared. I expect that this level will be exceeded so I assume the retracement will...

merakshi

hi all, In my previous analysis I expected the DAX to trust from an Ending Diagonal Triangle. Now this thrust happened and DAX is approaching significant retracement levels. I expect DAX to retrace either to 32,8 fib or the level above in the chart. Afterwards wait for price to break confirmation level. Probability is high that DAX will resume downtrend in Wave...

merakshi

Hi all, After the bullish reversal at 0.9050 we can see an impulse wave upwards. Now I am waiting for a correction, maybe to the level of 0.90821. This might act as a resistance. After that I expect an impulsive wave iii up to the resistance level. Have fun Merakshi

merakshi

hi all, I think we are currently in a bigger correction at DAX . If wave X is not a new impulse but just a leg of the correction, we might see a longer retracement in Y. Check wave X more in detail on the 4h / 1d timeframe. I can spot a bearish divergence. Watch out! Kind Regards, Merakshi

merakshi

hi all, I am getting some first bullish signs from USD/CAD. We will get more confidence once the price breaks through resistance level. Be Patient. Wave C=A Merakshi

merakshi

Hi all, We might have finished a triangle in USDCAD. 15 timeframe. Merakshi

merakshi Updated 

Dear all, I expect a "head and shoulder" pattern at GBPUSD to be shaped. The current rise is a TRAP. I assume this is "just" wave c of the ABC correction. After forming wave ii, Price might impulsively fall in wave iii. Once wave ii is formed, I will update the post with more information. Stay tuned. Merakshi

merakshi Updated 

Hi all, I still expect that EURGBP is stuck within a triangle formation and we might expect a thurst from this triangle to the downside. Check my previous post. Now let's look at the 1h Chart. Wave A, B, and C are ready. Wave D might end soon (abc correction) with wave c building "small" Ending Diagonal Triangle. This might lead to an impulsive wave e. The...

merakshi

hi all, I see an ABC correction at EURGBP on its last legs. We might be in a triangle formation. Price is moving sidewards and consolidating. This is a nice situation for me as an impulse trader. Since the next move will be an impulse. The last leg "e" might be missing. If this comes true we might see a thrust to the downside to about 0.86. Stop-loss above...

merakshi

hi all, We see a clear impulsive price action to the upside out of the EDT (see reference chart / big picture). However, the downward reaction is corrective. The depicted triangle is a good, first indication that we are in a correction. Now price might go a bit more up to wave b and then fall impulsively below wave a. I expect the price to stop at 38,2 %...

merakshi

Dear all, In the big picture view of the monthly chart I see an Ending Diagonal Triangle and a bullish divergence between Price and RSI. The lower trendline contains 3 Price hits and there is a price surge after wave E. This if from my perspective a very bullish picture. Let's zoom in and check the spike after wave E. Cheers, Merakshi

merakshi Updated 

Dear all, See my previous post "Last leg of a larger retracement": The EDT was expected to unfold and the full retracement to stop at Wave 2 level. This occured. From there we see an impulse which is shown here on the 5 min !! chart. I would like to give you more insight how I interpret the chart based on wave analysis. Current Situation: We see an impulsive...