WaveAnalysis

WaveAnalysis

In the bigger picture, a correction for more downside should be in the making, and we should be in its C wave. That's why my expectation is more upside, and my target is 1924. I think we have 2 options here. The structure between the blue lines can be a complete running flat, which looks pretty ugly, or a correction like between the green lines is in the making....

WaveAnalysis

It looks like a running flat is in the making between the green lines, and we have a very nice Fib confluence around 1.34950 for the completion of the wave B. That's why I want to take a short trade, and it seems like we have a complete correction (the blue B), reversal impulse, and break-out. Now, I need another correction and a lower degree trade setup to place...

WaveAnalysis

The red B probably is the end of the monthly expanding flat. Then we got a reversal impulse, and a running flat. The last top can be the end of the 2nd wave, and we may have a reversal structure. That being said, a correction and more upside is still possible. That's why I'm waiting for a small trade setup to place a pending order. I'll move SL to BE at the new low.

WaveAnalysis

It isn't one of the best shaped and clear one, but what we have here might be an ending diagonal after an upward impulse for a decade. If this is the case, we should see a downward impulse as the wave A of a yearly corrective structure. So, we can assume that the next wave will be pretty big and fast. That's why I keep looking for short trade setups. If the last...

WaveAnalysis

After the expanding flat, which ended at blue C, a reversal impulse and correction between the blue lines have come. After the last top, we got a lower degree impulse and a correction between the yellow lines, which seems like a complete one. Then another reversal impulse and correction between the purple lines. The issue is that correction because it seems odd. I...

WaveAnalysis

I think a weekly running flat is in the making and the current upward movement is the C wave of the B. That's why my forecast is more upside to 32. That's why I'm looking for a long trade setup, and a complete correction over the yellow trendline will be a valid one. As you can see, I annotated two options. It seems the white one is more likely because I don't...

WaveAnalysis

It seems like a running flat is in the making on the bigger picture, and the last low can be the end of the wave B inside the wave B of that structure. So my forecast is the wave C and what we have after the last low can be the reversal pattern. Now, I'm waiting for a correction after the potential reversal impulse and a small trade setup to place a pending order....

WaveAnalysis

It seems like a correction is in the making between the orange lines after the daily upward impulse from 1.063. Currently, the B wave should be in the making. So, my expectation is the C wave for a complete running flat. But, before that impulse, it looks like more downside is more likely. That's why I want to take a short trade to hedge it at 1.16200 where we...

WaveAnalysis

My main forecast is the blue C wave for the completion of the correction. But there is another option too. Based on that wave count, the yellow B can be the end of the correction, and what we see after that can be a reversal structure. So, in both cases, we should see more downside. That's why I want to take a short trade. To do so, I'm waiting for a small...

WaveAnalysis

It looks like a channel is in the making at the end of the upward impulse. The last top can be the end, or we may see more upside inside the channel. For now, that part is not clear, but it is that the channel is one of the strongest reversal patterns. That's why I will take a short trade if I see a correction after the potential reversal impulse.

WaveAnalysis

Either the green 12345 or the expanding flat between the green lines should be the case. If it's 12345, we will have a correction and more downside. But my expectation is an upward impulse after the expanding flat, which should be over at the blue C. Then it came a strong upward impulse and a correction, which might be over. So, we may have a reversal impulse, and...

WaveAnalysis

We may have a complete running flat. The C wave seems to have 5 sub-waves, and the last top might be the end of the 5. That being said, it's still over the trendline. So, there is chance for more upside after a small correction. That's why I set my entry price under the trendline. My target is 108.200 for a complete daily correction.

WaveAnalysis

It seems like the 4th wave is in the making. The last low can be the end of the B. If so, the B wave is an expanding flat. Since it's an expanding flat, we may see more downside, but I like the bounce-back as a reversal impulse. I'm waiting for a correction to place a pending order. At the end of the 4th wave, I may hedge my trade, or book my profit.

WaveAnalysis

The blue ABC can be a complete correction, and if so, we may have a complete reversal structure as well as a trade setup. That's why I placed a pending order under the last low. If it makes a proper correction and a small trade setup, I'll update my entry price and lot size accordingly. Based on the bigger picture, the other scenario is a correction, which will be...

WaveAnalysis

My expectation is a downward impulse after the correction. The last top can be the end of the running flat, and if so, a reversal structure should be in the making. I'm waiting for a correction after the reversal impulse. We could have placed a pending order under the last low, but I don't want to do that because it can go up more after a correction. That's why...

WaveAnalysis

I think a big running flat is in the making on daily scale and the last top can be the end of the wave B. If so, we should have a reversal impulse. My expectation is the purple C for a complete correction. Then I'll wait for a trade setup to place a pending order. That being said, the purple A can be the whole correction. In this case, I'll need more downside and...

WaveAnalysis

My forecast is a bigger correction as I annotated, but the blue A can be the whole correction, and the next wave can be a big upward impulse. That's why I want to take a long trade. If I see a good chance for the wave C, I'll hedge my trade. Now, I'm waiting for a small drop to have a complete reversal structure to place a pending order.

WaveAnalysis

My main forecast is a correction and more downside. That's why I want to take a short trade, but it can be a good idea to take a long for hedging. Now, I'm waiting for a small bounce-back to have a bottom to set my SL. When I have it, I'll place a pending order over the last top. 0.93150 is the Fib confluence level, where I'll hedge my trade.