I haven't posted anything on here in a long time so figured I'd post my current trade. This is a very simple setup I have been using for a while to trade on demo accounts and on 1broker. It is a combination of the Stochastic Oscillator as used in Mumbai Scalping set to 5,3,3 And an Ichimoku Cloud. My cloud has been altered to provide me with signals, I never...
SHOULD RALLY THIS WEEK TO>95 IN RED4, THEN SELLING SHOULD RESUME TO COMPLETE RED5 OF (Y)WAVE TO ~85,THEN WILL PROBABLY START ANOTHER (X)WAVE RALLY - WE SHOULD EVENTUALLY SELL DOWN TO (Z),THE PREVIOUS WAVE (4) LEVEL OF ~$56 !! RETRACEMENTS USUALLY GO DOWN TO THE LEVEL OF THE LESSER DEGREE WAVE(4) , ALSO PRIMARY REDWAVE II WOULD BE AT THE FIBONACCI 61.8% RETRACE OF...
Talking Points: GBPUSD Technical Strategy: Keeping Bearish view Elliottwave Count: ZigZag Correction will be our primary choice in count GBPUSD Start showing divergence on daily bearish trenline and 240min newly created bullish trendline. Current level 1.4650-1.4700 is 100% expansion of zigzag and also testing horizontal resistance. Long term trend...
Actionary 5L impulse ending 0.0151311 is a subdivision A of the ABC continuation of a leg A in a higher degree ABC packed into leg Z in an uber-extreme exsatough mind-melting gigantesque triple zig zag combination. Both green ABC and blue ABC are poised to reach much wider price range than they seem at this time, leaving a room for bear continuation up until...
Buyers abound and have tried to roll the dice but had no success in moving higher thus far. As a result a squeeze bar popped up offering a good entry for shorts. If theres a leg up fated to fail from the get-go its a flash crash case. I see it as wave 3 of a leg A of a leg Z in a triple zig zag. When the squeeze is over the next impulse down must carry enough...
this zigzag correction is about to end. Note the divergence which indicates that price movement is losing momentum. Trade will be triggered at a break below the entry level
USDCAD Can Be Rising For make third wave of zig zag correction
In yesterday's webinar for the TradingView community, we talked about the EURUSD in the current market environment. (see the video clip from the 1:26:07 - 1:27:45 mark -> www.youtube.com ) It appears as though the pair has finished a blue 'b' wave triangle and we are thrusting lower in the 'c' leg of a zig zag. There is another alternative that resolves as a...
zigzag ends at the previous trendline. there is a good opportunity to buy for another impulse.
Triangle or a ZigZag combination. Time will tell. But for the moment all is looking good for a long upto the upper trendline. But we need a small correction to enter the trade. Lets hope we get a good one to enter with confidence.
NOTE: Please keep in mind that just because I have drawn particular line or suggested a target does not mean I will cause the price to follow that path. I say this because many appear to have religious like zeal for BTCUSD to move forever upwards without any retracement where suggesting anything else is a gross sin. Also I am ignoring all the positive and...
EURUSD may be entering a strong rally through wave-iii-of-(iii), providing an opportunity to take a long position with a R/R of 9.36. The larger C-wave is an expected 5-wave impulse considering wave-A was also counted as 5 waves (5-3-5 zig-zag). Since a bullish 5-wave-(i) was corrected by a zig-zag decline and a price was rejected at the .786% retracement of (i),...
USDCAD has potentially completed a long term bullish impulse followed by a 5 wave "a" and a 3 wave "b" correction. 1 and 5 waves show similar price ranges on two different degrees of impulse adding to the probability of the rally being ready for a corrective move down. Channel resistance may also add to bearish bias. There has also been a breakout from the...
We are in corrective structure after a 5 wave move up on USDJPY. We seems to be in the latter stages of an end to the correction. Overall a breakout to the upside is expected. Remember this is a Daily chart, so it may be sometime before it pans out. Price zone to note is 119.50 - 119.00. Price action in thhis zone would give clues about what possible correction...
The first phase of the corrective structure is a clear flat. The second phase is underway, so it could be either the green triangle or the red ZigZag. If it is to be the triangle we should see a clear reversal at the Blue trendline resistance to complete the last leg of the triangle. On the other hand, if price clearly breaks the Blue trendline resistance, then we...
I think i see a zigzag in the DAX. I have not traded the wave-patterns much, but i do my best. If any expert out there have a other view on this, please comment so i can make it better next time.