AUDUSD Weekly UP Channel broken, nice NOVEMBER Short working Overall looking for confirmations to ADD Shorts Maybe some small Long Positions till potential reversal points X-Mas + New Year + January Merry Christmas and a Happy New Year :)
Hey traders! I'm still looking this as a monster zig zag correction with a deep B wave correction based off election hype! If you like the chart give it a thumbs up! If you think it's a dumb idea let me know! :) I'll be looking on lower TF for set ups! Have a good weekend everyone, & thanks for taking a look! :D
Today we have NFP, What are you thoughts and will you be trading? If USDCHF were to give us a small correction. Most likely we will put an entry order just below the correction with a small risk.
WE ARE NEAR TO THE END OF A PERFECT ZIGZAG , WAIT FOR AN IMPULSE DOWN AND THEN BASED ON OWN STRATEGY TRY TO SELL in the area 1.7200. THERE ARE A BIG POSSIBIILITY FOR INVALIDATE A TRIANGLE FORMATION of long term period ,
2016/11/17. FTSE 100 stock index forecast for next months and years. FTSE 100 forecast for November 2016. The forecast for beginning of November 6899. Maximum value 7454, while minimum 6610. Averaged index value for month 6999. Index at the end 7032, change for November 1.93%. FTSE forecast for December 2016. The forecast for beginning of December 7032. Maximum...
See some more downside ''Possible C-wave'' completion Potential move up near-term.. Watch for possible ''ending diagonal'' on lower time frame for market reversal
Bearish wave IV is in progress as an ABC ZigZag , Currently The bullish AB labelled by red box Wave is forming
Wait for break out. Zig zag may continue the trend or move into complex structure.
From Jan 2016 till Aug 2016, the price action is in a correction phase. Now it has formed a Bullish AB=CD Pattern which also represents a zig zag pattern as per the Elliott Waves Principles. This indicates a short term bullish trend reversal with targets as below Target 1 (0.236) - 432 Target 2 (0.382) - 461 Target 3 (0.618) - 610 Stoploss: 380
After a break the development goes on (!) (look at "A nice Flat!") and it seems to become a ZigZag with an internal subdivision of 5-3-5. The oscillators are at resistance levels
B wave has 2 possibilities. ABCDE Triangle and a simple ABC ZigZag. Looking at the sentiment of other EUR pairs ABC ZigZag seems more likely. Only time will tell. Nevertheless there is plenty of time before the C wave starts. Short term sharp movements to both sides are a possibility in these conditions.
Last weeks strong close at 149.65 confirms that wave A from 244.80 to 134.13 is complete and a zig-zag correction to at least 176.28 and possibly 189.35 will be seen over the coming months in wave B. Wave v of A turned into an ending diagonal and once this formation is complete a return to the origin of the ending diagonal should be seen in half or less of the...
Corn is tracing out a major complex correction in wave B. This correction began way back in late September 2014 and has unfolded as a zig-zag from the 2014 low at 318 to 443 as wave W and has been followed a zig-zag decline in wave X from 443 to a low currently seen at 319. The X-wave could be complete and if this is the case, then a break above short term...
I expect a C wave down to complete the Zig Zag. Wave (A) five waves down, wave (B) three waves up and waiting for the next (C) five wave down.