I can recognise a full wave going to the upside forming the first leg of a potential ABC pattern and a correction (abc) going against it after that. so now I am expecting another impulse wave going to the upside having with that a wave 4 completed.
The price is currently in the 0.618 Fibonacci level where I am expecting the price to retrace.
This is a long term prediction of the USDCAD monthly chart. I am expecting the price to finish the horizontal cycle to the downside and retrace 50% of the impulse wave using the Fibonacci tool. This is my probability for the USDCAD pair on the LONG TERM!
Support level where the price is been bouncing and rejecting in a 4H chart. I am expecting now the price to take momentum and continue to the upside to retest a strong support level thas has been broken. Target 170 pips.
Support level where the price is been bouncing and rejecting in a 4H chart. I am expecting to take momentum now and continue to the upside to retest strong support that has been broken. Target 170 pips
Here you have a Long term prediction and technical analysis for the EUR/USD pair. I am a very fan of Elliot waves and here I can recognize a full wave formed so I believe is time for a correction to the price which gonna go to the 38% level of the Fibonacci tool.
Long move to the downside. Prince currently moving in sidewise what makes me think the price is gonna change his direction to make a correction and then continue to the downside. After this trade, I will take a short position!
Full wave completely formed to the downside. Expecting now a correction of the price. As the same time, the price is touching horizontal support. Target and take profit will be 50% of the wave.
On the 4H chart, we can see a small trend to the downside that has been broken and a reversal pattern making me take the chance for a long position with a target of 115 pips. As well, the price is in a support level that was a resistance in the past what support my belief on my prediction.
Expecting now a correction of the price. I am looking for long in this pair... but I am a scalper... I want the cash now!! so I believe the pice is gonna retrace and then continue to the upside. Let's see!
Long impulse wave to the downside. Waiting for a correction of the price to retrace at least a 50%.
After a correction of the price seems that the price is going to continue the direction of the impulse move. I am expecting to take profits once the candles will touch the horizontal support.
The price is in a current support level where I think the price is gonna retrace at least 50% of the wave. Just keeping it simple!
I am expecting a retracement of 0.618 on the Fibonacci level.
I always say I love Eliott waves but I have to say that I love short positions too!! From my perspective, I think a full impulse wave been completed and now I am expecting a correction of the price where my take profit will be at the 0.618 Fibonacci level.
I am a huge fan of Elliot waves. Therefore here I can appreciate a beautiful impulse wave going to the downside where now I guess is gonna create a double top and then continue to the downside.