Hi there guys,crude in sell formation for bigger downtrend ,after the confirmation entering short give us further confidence..hope for the best
Wave 1 suggests investment may stall around 2600-2742.5 for end of wave 5, however if not worn out already may breakout even further. i thought it would be interesting to see if markets correlate or react differently with a switch of party (R-D, D-R) Prior to the 07-08 mortgage crisis is highlighted with the light colored rectangle. Nothing conclusive yet,...
Hello dear traders & welcome back to Growing Forex Try creating pockets. Micro news to follow today which will change the outcome of EUR/USD. 1.ADP employment change. 2.Unit labour cost 3.Non-farm productivity. 4.10 years note auction. Euro poised against the Dollar after gaining momentum previously & lost its shore today. A possible recovery from 1.0560 levels...
GBPUSD has been in correction for sometime, since its seems like a triangle correction, we should wait for the fifth point E to be complete before selling.
CADCHF wave count now has a different outlook from the bearish one posted at weekend. Corrective triangle structure seems to be valid as well as the price extension outside corrective pattern. Possible buy orders could be seen at current levels to new highs. However we will wait for price to close inside triangle pattern again to open any long positions
Elliot Bear Wave 5 could be in play. Read chart notes and will update accordingly. Enjoy.
$GOLD can bounce to 1255 from current levels, risk is only if #Gold falls back below 1216.00. #FXQRESEARCH
VEDL is very close to completing a 5 wave structure that started in Feb 2016. We are currently in wave 5 of 5, which should complete very soon. The stock has given almost 5x returns in 1 year, expect the correction to be relatively sharp.
Price is moving under the down trend. We should monitor to make sure that it won't crosses the down trend line (red one), when it bounces back, it means end of current rebound, then follow the trend in the last wave. Using Fibonacci, we predict the end of fifth wave at 0.9916
Harmonic Elliott and we're watching friends Good luck :)
Seems that USD/JPY pair is making a 12345 Elliot wave's last impule in February. Strong support @ ~112.6 which is Fib. 38.2% of second impulse (2)-(3). Expecting to go UP, but only up to a trend line formed from last years'
End of elliot wave formation, trend is going to reverse (short term) heading down to lower fib retracement 78.6%. Technical analysis can be confirmed by fundamental analysis if there are no surprise with the USD ISM and USD FOMC rate decisions.
Eurnzd has been making a very nice supercycle structure and is almost finished and ready for a large long impulse to the upside. Patience is key here, so watch it closely and don't forget about the bigger picture. Daily MACD and RSI divergence with a 5 wave structure close to finishing 4 Hour MACD Divergence 1 Hour MACD Divergence with 5th wave stopping...
pullback to .382 or .618 then on to 1.618 ... combined fib retracements/extensions and such as i don't have my notes atm. more to come. happy trading
Hi To All In my opinion corrective Wave 4 is still active A = 12345 Near to completion at 1205 B = ABC Still to come C = 12345 Still to come Plan ::: Short from 1205 till 1140 ( For B of wave 4 ) Long from 1140 till 1230 ( For C of wave 4 ) Wave 5 is Short from 1230 till 1085 /1055 This is a long term plan stay in contact I will be guiding on the way...