After price failed to make a new high, it is predictable to have a steep ABC zigzag correction. I expect price to bounce from .5 or .628. Confirmation of a bottom will be either a W impulse/retrace or a head and shoulder as a buy signal. Another confirmation I will use is break of the near term trend. I expect this price movement to be rather quick. There is a...
Same triangle most ALTs are stuck in...
Entry when a one hour candle closes above the triangle.
I'm probably wrong, but this chart was just for fun.
A continuation of my previous analysis. Please refer to the previous chart for more context.
After counting over and over again using the Fibonacci Retracement as my guide, I have what I believe to be an accurate wave count. I also used a free trial on Wave Basis to help confirm these counts only after I measured them by hand. Based on where it is currently at in the wave cycle, I have a tightly woven, modest trade plan which I will be posting as a...
Long term possibility based on fibonacci retracement & Elliott Waves
A possible outcome based on the Forex Master Pattern, Elliott Waves & Fibonacci retracement.
After sitting down for a long time of studying I have changed a bit of my analysis to adjust to new information.
Elliott Wave Analysis & fibonacci retracement
Refer to previous long term charts for more in depth analysis.
Based on where we are at I have charted a possible course of action. This is my trace plan.
A leading diagonal is an overlooked pattern that counts as Wave One. This pattern, if followed tightly, can breakout into an unbelievable Wave Three. Each wave in my long-term analysis was measured accurately by following the Elliott wave personality of each wave.