paweld

paweld

That dynamic wave without any larger correction loooks like IIIrd in uptrend. If this is going to continue we will have to see 2nd wave in lower frame. Presently price has reached 23,6% ret. , but if this is going to be 2nd wave , the retracement should be at least 38,2% of 1st. That level equals strong geometrical demand level, next key levels are at 50% and...

paweld

Here's actualized to present situation wave count. Larger 4th wave is possible forming now. Dynamic "C" in potential zigzag could reach the supply zone - area between 41,4 and 38,2% , also equals to last 2nd - ((2)).

paweld

Actually we are watching potential 4th wave (intermediate). End of wave could be in Supply zone (marked red) - between 38,2%, 50% ret. and 100% of 2nd wave.

paweld

Today price have braked daily uptrend after overbalancing highest correction. The level that the price has reached at the top is 1/1 potential A/C zigzag in higher frame downtrend, and 70,7% ret. of weekly downtrend wave. Curently I expect to see longer discount or EUR to reach at least 38,2% (1,318) ret. to next raises. 3,103 (50%) and 3,02 (61,8%) are next key...

paweld

Here we have nice retracement conluence - 61,8% of uptrend wave after larger correction and 78,6% of this correction range. That level was also respected earlier so we have strong reaction. Trend-line was braked too. We will see if the market have a strength to continue for new highs.

paweld

Looks like 4th wave in major (5) has completed. It nicely reached 100% of 2nd wave and 50% retracement of 3rd. Morning star at H1 shows us the way. After breaking the trendline long position can be set with high R/R ratio.

paweld

We are seeing now possible end of 4th major wave in uptrend. That 4th wave is completing as ABC correction with abc zigzag inside C. Hammer is forming at 4h interval. The key point is close to the 88,6% of 2nd major wave and the top of 1st wave. It's time to set long position with high Risk/Reward ratio. But if this level is going to be braked we will have a...

paweld

At daily char we're seeing now long impulsive IIIrd wave in longterm downtrend. In lower frame we're in 4th wave which should end soon to begin last (5th) wave that could possibly end at 0.801 level.

paweld

We are closing to potential key levels when the price can stop rising. 1/1 a/c in abc zigzag equals with 88,6 retracement of downtrend 1st wave.

paweld

Last correction have been overbalanced, so we have possible short uptrend in lower time frame. Price is heading up to the next key level to Overbalance or reverse. In my opinion it is another possible downtrend correcton. Another reverse projection is close to the 0,917 area of key levels accumulation : 70,7% of downtrend pulse , 100% of last correction in higher...

paweld

We are completing now possible (4) wave in downtrend. 4th wave end projection equals 2nd wave and 38,2% retracemnt of 3rd . It looks perfect do set short with minimal SL with high R/R possibilities.

paweld

After double 88,6% retracement price has entered in powerful dynamic downtrend, which is presently completing 4th wave. Possible area to continue is 23,6% ret. of 3rd wave and 100% ret. of 2nd wave

paweld

After breaking last high we have nice opportunity to reverse at 50% retracement (0,9332) of last large correction which is equal (yellow rectangle). That level was also respected earlier so we will have at least correction movement or stronger impulse with new lows. Some news from USA (new home sales) and Australia (RBNZ Interest Rate Decision) would help the impact.

paweld

Nice flat downtrend correction has just ended. Three waves up (abc - A), three waves down (abc-B) and five waves up he (C-1-5) ended the pattern. Now we are after first wave(1) (1-5) and waiting for correction (2) to impact to lower areas. We will see tommorow the market reaction...

paweld

Equal corrections and 61,8% ret.. Zigzag and falling star....

paweld

Here we have possible 4th wave. Could perfectly complete at 50% ret. of 3rd wave.

paweld

Today price braked clue level which shows us a possible next downtrend impulse wave. Price have just reached the 61,8 % of possible 1st wave. If this scenario is going to realize, we'll see soon 3rd impulsive wave that could reach at least 1,275 level.

paweld

We have now nice three possibilities to end downtrend FLAT corection (ABC). Possible C ends: 1. Now we have 3 retracements close to the 1,31092 : 61,8% of A, 70,7% of C and 78,6% RX 2. Level of 78,6% B, 70,7% A is close to the 1,31463 3. Last level appears to be at 1,31908: RX 100%, and 78,6 of A wave. W will see soon if this possible flat correction will end...