nlavallee

nlavallee

GBPUSD is under an important resistance and a downward trendline. I expect the market to reverse on the current level.

nlavallee

The current level is an interesting support area (support level + 50% fib level retracement). If price break the downward channel above, it could validate a double bottom pattern.

nlavallee

Under 13702, the next target price would be 11423 (next fibonacci expansion level), and 7735 (equal legs). 7735 would then be a very interesting price to go long (swing).

nlavallee

The British Pound seems to have complete a complete downward cycle made of 5 waves. The GBP/USD is building a correction phase which might come to an end around 1.34 and so, a reversal is to be expected. We cannot know for sure if the market is going to reach this cluster, but if it does, we might expect the GBP/USD to bounce off and go down. In this case, I will...

nlavallee

This is a really interesting situation that appears on USDSEK. If price can break higher, it opens a lot of space and an interesting long position because an inverted Head and Shoulders pattern would be activated.

nlavallee

Did the SP500 reach its highest for a while ? This is the question that many financial analysts are trying to answer in order to forecast the beginning of a potential downward correction phase. On the graphic, you will find all the important Fibonacci and structure levels essential to understand my point of view. The S&P 500 index has been building a sub-wave 3...

nlavallee

The EUR/USD pair is currently building higher swing highs and lows suggesting a bullish trend according to the DOW theory. Prices are contained in an ascending regression channel which is modelized by the Andrews’ Pitchfork on the graph. It is not advisable to short the EUR/USD while prices are inside this bullish channel. Nevertheless, It is interested to notice...

nlavallee

This is a perfect correlation between #elliottwave and regression channels. Please follow my ideas on twitter @LavalleeNicolas

nlavallee

Here is my analysis on the US Dollar Index. We are in the last but powerful sub c wave of a WXY retracement. I show on this chart the really important fibonacci clusters which can attract prices towards them. Moreover, I show an interesting long term andrews pitchfork. Please note that its median line can attracts prices on a long term run. So, i'm still long for...

nlavallee

After an A/1 impulsive wave, EURGBP is in a corrective wave. This correction is a triple combination pattern WXYXZ. So I expect soon a new impulsive wave up B/2. My chart shows the actual channel where the price are moving. A break of this channel and a new high (> 0.78300) would confirm this point of view and give an interesting long.

nlavallee

EURUSD is in a long term corrective retracement in a abcXabc pattern. The last c wave is an impulsive one and could extend to the 1.11-1.12 price level. This the result of the last AB fibonacci extension with the 100% key level (A=C). It is interesting to note that if price achieved 1.11 by june 2015 we would get an AB-CD harmonic pattern which is a reversal figure.