AUD/CAD triangle? Lets see! Need structure to develop more but triangle could be likely, maybe flat?! Trade Responsibly :D
Elliottwavecorrection
Kiwi/Yen breaking down wave structure! As I dive deeper into EW theory my analysis and way of looking at charts has changed. Here's an update to nzdjpy outlook. I'm long and strong! :D
Crude Oil Movement | March | 2017Corrective Wave coming but when, cant say, but is surely coming for corrective wave.
#NZDUSD - Approaching minimumsHi everyone! NZDUSD broke all possible dynamic and static supports and is heading to minimums. After touchdown in will retrace. Although it looks like that the 3rd wave will extend and the 5th wave will end somewhere in 0.67500s.
4 Hour chart for your reference
ALNY retraction patternALNY showing signs of an elliot retraction. This is further confirmed by the choppy peak and the fact we're trading well above the "trend line"
Position: SHORT
Price target: 47.72 (.382 with some cushion)
Stop: 52.80
Logic: Elliot retracement, fibonacci retracement, trading above its trend line
AUDUSD - REVERSAL FROM DOUBLE ZIGZAG PATTERNHi,
Finally after couple of session consolidated on resistance zone itself AUD.USD fell to finish short term Double Zigzag Pattern.
Buy on channel support target should be on 0.7760.
Leggett & Platt Not Done FallingUnless you want to experience a 30% decline, you might want to stay aside for a while.
AUDCAD end of day structure (Still got bullhorns)bit.ly
#AUDCAD price structure appears to have corrected today forcefully to reinforce our earlier bullish bias. Revised price structure interpretation shown here. See chart!
Elliott Wave BasicsHey traders. Here I have provided some notes of mine for the very basics of the Elliott Wave 5 wave structure. I am open to constructive criticism. All of this info is derived from the Elliott Wave Principle Book. Thanks Everyone.
AUD/JPY Expanded flat? Running flat? Breaking down structure Hmmm as I progress understanding of wave theory, I like to look at the charts differently and expect the unexpected. This to me appears as a "expanded flat" I've quit trading the animals because Ive realized the importance of wave structure! Have a great weekend!
EUR/USDEUR/USD
Over all Direction is Long. Wave C projection, Bearish Cypher, Inverted head and shoulders also rejecting at 61.8 Fib retracement. If price printing above my baseline and a failure to print below 61.8 zone. will suggest that price will go further and finish the Bearish Cypher Projection.
Marriott is Running on FumesPost-2008 uptrend seems to be in its final phase. A major bearish reversal might be expected once wave (5) is over.
Divergence USDJPY divergence If anyone is good with elliot wave and rsi divergence please comment. I believe this is known as reverse bullish. would appreciate some input
Also found an elliot wave inside my other Elliot wave so since the first correction was pretty close to the mark i guess this one should be pretty close too.
I dont pretend to know how long the dollar will drop all i know is the drop is slower than the climb which tells me a lot. I also want to see if friday will continue a down trend. I think the trade will probably go thru the weekend
im just gonna set a price order to catch a piece of the spike
This is not investment advice
USD/JPY 3 for 1Just what my current trade positions are and where i see them going. Dollar is way OP
Simple flat corrective structure, bullish flag! as with all GBP pairs I believe we will have more upside before the downside. Trade responsibly! :D
EURUSD Forecast | Elliot Wave forecast for 10 February, 2017EURUSD completed the formation wave as mentioned yesterday. My short-term EURUSD Forecast is bearish. I am neutral waiting for the selling levels. Now I am expecting a move up for the completion of wave . My medium term EURUSD Forecast remains bearish. I am working on two Elliott wave counts and both favour a bearish move in EURUSD. The pair is trading at the intraday support level it can move higher to complete correction. But I do not have any plan to buy it. I am looking for resistance level of 1.729 to go short on this pair.
Could this be it? My understanding of Wave Principle! Could this be it for USD/CAD? Watch out for stop hunting if this is final move! What do you think traders? Leave some feedback! Thanks for looking!
Bearish Elliott & Harmonic OutlookBearish Shark Formed
I think the extended W#5 is completed by the breakdown of the blue uptrend line .
Currently we maybe in a bearish correction targeting the 0.618 green fibo level
Elliott Triangle? Hmmm update from my previous idea where I had a possibility of a complex triangle forming. Hmmm.
UKOIL POSSIBLE BREAKOUTWhat I see here is an impulse followed by a correction, consisting of two zigzags and a triangle. I am waiting for the breakout from the triangle and then making a trade.
Correct me if I am wrong, thank you.
UKOIL POSSIBLE BREAKOUTWhat I see here is an impulse followed by a correction, consisting of two zigzags and a triangle. I am waiting for the breakout from the triangle and then making a trade.
Correct me if I am wrong, thank you.
USD/JPYThis is not investment advice.
This is a very messy elliot wave and i expect the correction pattern to be nothing less.
The #2 wave didnt follow the rules but leg 3-4 did.
I believe the flag is more noise due to being so close to market close.
