After the breakout we had a retest of the descending trend-line and now I am expecting this to continue higher min wave iii. Still looking for a break above 1.28. I am tracking the Bond Yield because of the ramifications it will have on global interest rates. I am expecting Interest Rate s to start making their way up to 20%+ Please LIKE and FOLLOW to...
Now that we are seeing an impulsive move down and no new high was made I can see wave 3 price action. Get ready for a big decline. Please LIKE and FOLLOW to get notification of updates and future posts.
Sometimes waves make sense but look distorted especially during these times. Sometimes I look at the market in different ways to build a picture but only when it matches the waves. In this case we have a head and shoulders pattern as no new high was made. STOP LEVEL: 1.26476 or higher. Please LIKE and FOLLOW to get notification of updates and future posts.
The Pound is about to experience a sharp decline. The 1-2 1-2 pattern combination is in place. Please LIKE and FOLLOW to get notification of updates and future posts.
This latest 5 wave move is the end of an expanded wave 2 correction in the beginning of a major decline in wave C. This will not make a new all time high. Elliotticians will mistakenly call this a truncated 5th wave. If you plan on shorting this then place your stop above 9757. Please LIKE and FOLLOW to get notification of updates and future posts.
As I mentioned in my previous idea, the Euro is operating on a different wave structure (in this moment) than the USD. My reasoning for this is that the Euro is displaying extreme weakness given the expanded wave ii correction. The USD is also affected by this weakness because its is made up of 57.6% Euro hence the leading diagonal. After touching the 50%...
If you were looking for a tight stop here is the spot. Stop above 0.65709 Please LIKE and FOLLOW to get notification of updates and future posts.
Just an idea on how this last move will play out. It looks like the original ending diagonal idea was right however it's a stretched out one. (Not of the contracting kind.) Also formed a triangle which some think is an ending pattern also. I think it will retest the break out before creating the last (C) wave and then should come a reaction. The reaction needs...
This latest wave up in the Euro looks like the end of a green wave ii correction. A break below 1.07658 should confirm this. Please LIKE and FOLLOW to get notification of updates and future posts.
Price action indicates on more final thrust higher. It broke up against a perceived wave ii which indicates more upside. This might be trying to reach the original $1800 level.
We need to break above 103.01 to confirm that Wave 3 is well and truly under way. So far all the waves are lining up. Please LIKE and FOLLOW to get notification of updates and future posts.
The decisive break out of the channel was expected. Expect this to continue to drop lower and lower. See main ideas below. Please LIKE and FOLLOW to get notification of updates and future posts.
Looks like the expanding ending diagonal in the Wave II correction ended around April 21st. An expanding ending diagonal indicates strength in the move ahead. I am expecting this to move up from here. A break above 1.28 should confirm a bottom is in place. Please LIKE and FOLLOW to get notification of updates and future posts.
Major Wave II in gold since 2015 looks complete. Lets see a break out of this channel with a stop above $1750. Please LIKE and FOLLOW to get notification of updates and future posts.
After some strength last week it looks like Bitcoin hit some resistance and never made a new high. Wave 1 looks like a leading diagonal as it fought back against the strength but the corrective waves are pointing towards another move down. Let's see what happens next. Please LIKE and FOLLOW to get notification of updates and future posts.
We have a pullback and rejection of .618. We have a dark cloud cover with confirming candle on the daily chart. The correction looks done. Is the next move down? Please LIKE and FOLLOW to get notification of updates and future posts.
So just to update on my previous short term EURUSD idea. Wave C of the Wave iii zig zag in an ending diagonal. Just taking some time to produce a couple of 1-2 patterns. Looks like it should be ready to move shortly. Please LIKE and FOLLOW to get notification of updates and future posts.
EURUSD wave displaying impulsive action to the downside. Waves indicate possible start to Wave 3 down. Please LIKE and FOLLOW to get notification of updates and future posts.