we have a pattern of 5 bullish waves finished that in turn make the wave 1 of greater degree, we come sold from the wave''a ''
(you can see previous ideas)
apart from that we have a pattern three daves in movement and a butterfly that already touched its first tp ..
when the three daves are completed we will have completed the abc retracement and we can take...
EU is in downtrend and now it's in a sideways correction.
I'm looking for 1 more impulse to the downside! and that's too on a bigger time frame and i think this will be a good entry for the downside impulse
Stop loss would be 1.1755
Traders and some people are still biased bullish after we broke the long term support trend line , the market is trying to say something follow the trend MA's are curling down price is out of the weekly Ichimoku cloud my next confirmation of a longer term bear market will be if we have a monthly MACD cross ,3 day CMF going negative , weekly RSI going below 40 ,...
Its not what you don't know that gets you in trouble. its what you know for sure that just ain't so.
People are sure bitcoin is a joke. I am not an expert so cannot comment if it is or not.
Chart suggests massive upside is all i can say!
The price of the ETHUSD apparently moves towards the level of $ 787, which is the abolition of 38% Fibonacci previous decline. To reach this level, the price must be above $ 712 after the end of wave 4. The closest support for bulls is the level of $ 519 and $ 510.
Breaking the market above the golden downward trend line is promising in itself and may indicate...
#NIFTY #ELLIOT WAVE ANALYSIS .......... This 1st preferred view of Nifty. The very next step of Nifty is towards the end of wave (iv) as the completion of "e" near 10500-600 lvl and than will complete the 5th impulse wave .
EW analysis in daily, shows that wave (iv) seems to be over, and wave (v) started.
Also price was in descending channel, then it broke out with good volume, that marked the completion of complex wave (iv) correction. .
here 1st tgt - 595, i.e wave (iii) peak,
if wave (v) is getting extended, then we can see higher levels...
EW analysis shows it is in wave in longer time frame. Currently sub wave 5 of sub wave (3) of wave is going on here.
probable target for sub wave 5 comes around 140-150 levels.
long term tgts derived from fib projections are here,
in monthly, voltas is in wave 3.
if we check the fractals of wave 3, then we have 2 scenarios.
1st scenario - wave (iii) of of 3 going on.
2nd scenario - wave is going on. Here i considered mar - oct 2016 rise as 3 wave.
in either case, voltas got ew targets of 670+ , so every...
Looking at first glance, I can find that 1-2-3-4 Waves have been made and 5th is runnning. While The secondary waves has also been seen till yet. Expecting prices to trade higher till 5th wave near 92-93 and We can see Primary corrective trend A-B-C till 80 or levels