Hi, The second idea I had around Oil was that we're in a flat in Wave-2. This would mean a very long correction is still to come, but we will see some upside soon. See the links below for the other ideas. Not trading advice.
In today’s #marketinsights video recording, I talk about EURUSD and USDJPY FX Majors Both major pairs were affected by incoming trade war flows, following China's rather pessimistic view on proceeding with a phase-1 of a potential trade deal. Euro could move towards 1.11 round resistance and yen could push the dollar down near the 108 round support. The above...
In today’s marketinsights video recording, I talk about SPX and DXY . SPX keeps hitting fresh highs despite Fed's message to keep rates on hold until 2020. Trade wars do seem to be influencing flows more than anything else right now? Whatever the case, sharp upside and overbought hints to exhaustion! The DXY's recent upside though should be watched closely. It's...
Detail @ The Chart
We have the S&P500 grinding up to all-time highs. We have some bearish divergence forming and a potential 3-Drive reversal pattern. The 161.8 extension of the 1st drive (green) and 1.272 extension of the 2nd drive (red) both come in around 3100 for so confluence. This is where I will be hunting for reversal. My minimum target will be around 2500 for a Running Flat...
In today's #marketinsights video recording I analyse EURUSD and USDJPY! Euro, dragged lower by the reinstation of the QE programme, was able to reverse post-ECB losses on the back of: - Limited rate cut compared to markets expectations (only 10 basis points) - Draghi's call on governments for fiscal stimulus (supporting EA economies?) - Widening yield...
Expanding flat correction to the up, waiting for correction on impulse up to enter the buy (should be 5 waves up)
Direction: Both Reasons for open position: - Price range - 1st level 174.20 $ - 2nd level 165.80 $ - We should wait to see which level price will break first The information provided is not financial advice, always do your own research. Guys, if you like the idea please put like button and if you have your own ideas you can share it in comments, I would like...
Möglich sind hier sowohl Short als auch Long, aber erst an den eingezeichneten Pfeilen. Bis zur Entscheidung bin ich FLAT!!
what do you expect now ? down or up after flat ? gold moving up index down
Just a standard 3-3-5, nothing to see here.
One possible - and likely - interpretation of the current shorter-term wave count on EURJPY is that we have clearly completed a 5 wave decline followed by a classic ABC Elliott Flat correction. The question is - what next? I am anticipating at minimum a return to the original lows at the 121.000 handle, with the possibility that there will be a fresh 5 wave...
it doesn't matter we are forming a zig zag or a flat or a triangle only thing that i know we are at a corrective wave. this is not a motive wave because it is complicated and has a lot of overlaps. regardless, may be we are forming a regular flat(A 3-3-5 correction) . after completion of correction i will tell you guys where to put your orders. now we should wait....
Looks to me like we are in a complex compression. Originally I thought we finished a double three (Flat - ZZ - contracting triangle) but after the latest upthrust I feel as if we are in a more complex pattern. Thinking we are on our way down to $10k to finish a flat before going 3 up and then working our way below $9k with a zig zag either in a more complex WXY...