EURJPY is back a the highs as expected, as we talked about in our past updates when recognizing a wave (B) retracement which belongs to a higher degree wave 5 of an ending diagonal. An ending diagonal is a special type of reversal pattern that occurs at the end of the trend. It has a wedge shape which suggests that despite higher prices bulls are not that strong...
Hello traders, today we want to update our Crude oil chart compared to USDMXN currency pair from October 06. As you can see, Crude oil remains nicely bullish after we spotted a bullish reversal out of the wedge pattern. At the same time USDMXN pair is breaking out of bigger bearish wave B triangle pattern. Well, Crude oil is now trying to continue higher within...
Hi traders, AUDNZD is setting up for a upside move watch price to hold the bottom and look for a long position opportunity GOOD LUCK.
BTCUSD is coming sharply down in the 4-hour chart and seems like it's going to retest June lows within 5th wave after the recent complex corrective structure in wave 4. So, watch out for more weakness towards 17k-12k area, but maybe within a slower price action as part of the ending diagonal pattern for wave 5, unless it alternatively stays sideways within wave 4...
Hello, according to this wave count i think ADA will explode very soon. We can see an ending diagonal finished and a potential wave 1 developing. I found this structure LEADING DIAGONAL - ENDING DIAGONAL on other pairs (see TRXUSDT related idea) Our strategy can be: - Buy here and start to accumulate ADA every new low. - Our invalidation point is 0.4025 Happy...
Crude oil has been trading south for the last couple of months, but the price action is not so strongly bearish anymore and the wave structure is getting overlapped. It means that Crude oil is running out of steam within an ending diagonal (wedge) shape. Well, with current break out of that wedge pattern and with recovery above the upper ending diagonal line,...
Seeing an Ending Diagonal forming on Silver at the tail end of a 2 year 3-3-5 Expanding Flat correction. Could see upside soon.
Price has been trading bullish for a while now, price has formed an Ending contracting diagonal pattern on the bearish direction. More likely we are on the bigger impulse move correction. Ending Diagonal patterns signals the end of a trend and occur on wave 5 and C. The bearishness will still continue for the next couple of weeks.
Possible Ending Diagonal forming to the downside on EUR/USD could lead to prices moving lower but not too much, if the pattern plays out as expected, we may see a strong pullback. Let's wait and watch.
USDCAD is coming lower, after 75bp increased by BoC, but Rogers noted that the rates will need to be rised further. At the same time, we see USD making a strong reversal across the board while crude oil is trying to stabilize near 80-82USD. This makes a perfect case for some bearish price action. However this reversal can be temporary as we are now tracking wave...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
GER30 - Elliott wave – update - ending diagonal W5 ending diagonal W5 of minute wave ((1)) going to end - minute wave ((2)) near to start alt: ending diagonal W5 ended - minute wave ((2)) running target 13091/13430
hi guys before more downside BTC create bullish divergence the target is base on possible resistance. the resistance: 20 000 20 500 20 800 21 200 21 500 21 700~800
Hello everyone, the probability that we will have this return of Bitcoin is very, very high, and also the MACD divergence will be observed. Good luck.
We expect the currency pair to fall, wait for the trend line to break, then trade. Good luck
We will see the shape of path of BTC same as directions.
It is completing (e) of ending digonal. This wave may complete about 1815 eventually. Also 1807-1815 is a former support zone between mid of May to end of June. It is broken on July 1st and resisted during pulback. It is the second time that price is trying to break it up. I will expect to break T2 down; may be between 1890 to 1886 and short it for $25 - $40 for midterm.
USDCAD has broken the ending diagonal and seems to be head to resistance marked in purple above! This signal ran for 150 Pips thanks to NFP! it ranged for a while but the ending diagonal was a key confirmation of a reversal!