scenario One: pound is in wave 4 which looks like a Regular Flat - A corrective 3-wave move labelled as ABC - Subdivision of waves A and B is in 3 waves - Subdivision of wave C is in 5(3-3-3-3-3) waves ending diagonal Fibonacci Ratio Relationship: -Wave C = 123.6% of wave AB and < 168.1% of wave AB Divergence -Wave C have momentum divergence stop and...
If there is one Elliott wave sequence of patterns to get excited about trading, it’s a triangle followed by an ending diagonal (W4 and W5 or B and C), not just because it give us a chance to trade wave3 and 5 of the diagonal safely, but also because this sequence usually considered a strong indication of a new trend in the opposite direction is most likely at the...
USDCAD finished a TZ, ZZ and a TZ. I am expecting a fourth corrective wave to the 1.37 area.
Pound Australian dollar trading in wave 4 which might be a complex correction, at this stage looks like we are in wave B of a zigzag in the make.
USD/CAD Attracts Buyers at 1.35, the pair just finished a leading diagnoal, some correction is expected before it tests th psycholigical level 1.35.
looks like we have EW Double three ( sideways combination of two corrective patterns), we are in the first subwave of wave Y (wave Y subdivision can be zigzag, flat, double three of smaller degree, or triple three of smaller degree) Please comment if you spot a mistake or like and share. good luck and have a nice weekend :)
The Fed’s monetary policy, along with persistent inflation expectations, has pushed the benchmark 10-year U.S. Treasury yield up to 4%. The Bank of Japan, meanwhile, is continuing to hold the 10-year Japanese government bond yield near zero. The Japanese central bank conducted a bond-buying operation for the second straight day to keep the yield within its...
XAUUSD GoldSpot / US Dollar E W possible count
below $24 , $10 is a legitimate target
original trade, see the full count in the update section
the market might offer a long opportunity early Sep 2019
Please see chart
please see chart and the attached idea
my previous idea reached its target (600 pips see idea attached) but the way the wave developed suggests that this wave is not over, please see chart I hope its educational and helpful.