Thesre is a Wolfe Wave and Price hugging that Extended 1-4 Line in future is Possible . For price to pop above that Channel to 110.00 Area is also possible . All my Price levels are based on Fib's . So we could be locked in this Channel for a few Months
Here is a good Risk Reward Trade. I am looking at a Wolfe Wave/Geo Wave by @4xForecaster . Divergence on all the Time frames. This educational . Please trade your own Rules and Trade what you see.
We have Elliott Wave Counts and Wolfe Wave Counts all Pointing to one Point of a New possible Future Target . It might not descend to the Target point in a single drop but can take a few days . Please trade your own Rules and Trade what you see.
On all time frames from the Weekly to Minute we have clear Divergence . There are GeoWaves on all the time frames which is the same as a Wedge/Ending Diagonal or Wolfe Wave , the diffrence with the Geo Wave the Founder @4xForecaster has advanced Targets. I have marked a possible Preliminary Target at 0.7177 All information here is only speculation and not a signal...
Here is a GEO Wave founded by @4xForecaster . Divergence on RSI on most lower Time frames. Elliott Wave counts are all in sink with Geo Wave and Wolfe Wave counts .
Here is a Classic Wolfe Wave / @4xForecaster Geo Wave That is high Priority on my Watch List .
We are nearing the Compltion of a 5 Wave Completion as well as an ending Diagonal . The Fib Confluence is idicating a completion at about 4009.00 Geo Wave Wolfe Wave Elliott Wave
Ending Diagonal and Elliot Wave Count all supporting a Small Wolfe Wave for a Possible drop to complete the Ending Diagonal.
As per the Elliott wave Count and the completion of the a,b,c,d,e Megaphone which at Support ,the Fib Model of predictive Calculations all correspond at Price advancing to 37,83
2 Elliott Wave Wedge Formations to confirm the Bottom of Point D . If Price does close a Few Pips below then , get out and take the Sell position . For now my eyes are set on the completion of this larger wedge .
Trading wave 5 now . Please trade your own Rules . Thia is just educational.
Just look at the Chart and Trade what you see , everything and all the possibilitys are there . So many Mega Phones in play . This is just educational .
If my Wave count is correct we could see a Spike up to 4288.00 and then we should see a correction of about 50% of my latest Up Trent EW Count . There is also possibilitys of Price intersecting the Red Trend Line as indicated . This is only Educational so trade your own Rules . Trade what you see .
Wolfe Wave / Geo Wave , all the info is on the Chart . This is just educational Trade your own Rules and Trade what you see,
Wolfe Wave /Geo Wave @4xForecaster This is just educational . Trade your own Rules and Trade what you see.
Wolfe Wave /Geo Wave @4xForecaster Everthing is on the Chart This is only educational Trade your own Rules and Trde what you see.
Here is a Wolfe Wave/Geo Wave @4xForecaster Nearing the possible completion Point before a correction . Everthing is labeled on the Chart . This is educational and not a trading call. Trade your own Rules and Trade what you see.