Wavetheory
CADJPY Possibly Started Going Up AlreadyHi there,
I see a smaller correction marked with green arrows. The last three daily candles show some strong move up and if this is the C wave, I believe that we could be seeing a completion of the regular flat soon.
Looking at the bigger picture, if we go down from here, I could imagine seeing a further move down to complete the regular flat (marked in blue + orange arrows) and then the next impulsive move up.
We will see how it develops. The more information I get on this chart, the easier it will be to understand what is going on.
MisterRay
AUDJPY, Three Options, All Show UpsideHi there,
I have analyzed the AUDJPY on the daily and found three possible outcomes whereas all three point to the upside.
Option 1 is that we are completing a regular flat and we are heading higher.
Option 2 is that we are completing a regular flat on the bigger picture and we are moving higher.
Option 3 is that we are moving much lower and then we will get the impulse up.
My forecast can change depending how the chart develops but as of now, this is my predicition.
MisterRay
BTCUSD Bullish ProjectionsBTC has just broken up past its previous high making a new wave. B has been breached and the targets are already confirmed.
Watch for a possible rejection. I would take profit on riskier/larger positions at N and V. But it seems to me that this is an E wave. It seems all bitcoin likes to make lately are E waves.
Keep in mind the possible rejection at just around the area that would complete our last wave's E target. Watch close for a turnaround here.
Otherwise we have some targets to look forward to.
EURUSD - Weekly Outlook 26/11/2017 I have been trying to get a better understanding of the waves in the market and seeing where other patterns come into play and can help give some confluence to the direction.
Although we have had a very bullish close last week, what the chart is presenting me with is a very Bearish opportunity.
Price has been consolidating in the channel and From what I can see I think there is some further down side to come before a further impulse in price up.
There have been a couple of Advanced patterns in the last couple of months on the Daily Timeframe / Weekly.
First a Bullish Bat which if you had 2 target approach you would of hit the 0.382 fib and pushed up at high as the 0.50 fib, at this point price moved back down giving us an equal measured moved.
Second pattern which has just completed is a Bearish Cypher, this along with price respecting the top of the channel & making a Higher Low I believe we are going lower.
Bullish thoughts regarding ETHThe chart is complete with notes to explain my thinking. People ask why I have been so bullish on ETH. Aside from ETH currently being in a bull cycle> More about the time cycles of ETH and the price targets for its current movement explained here:
ETH is also completing a massive pattern on a larger scale that is getting me excited. This five wave certainly looks bullish to me, based on the price action within the pattern.
This is the reason why I have been so bullish on ETH
BITCOIN CASHHere you go. This is one of my all time favorite patterns. The perfect universal chart the matches to scale no matter which way you look at it. There is a lot of profit to be made. I hope you take full advantage of it, to improve your life and that of someone elses just a little more . Take profits all the way up, and again, on the way down. This is potentially life changing money if you play it right, and you keep your head cool to make the right decisions.
ENJOY :)
BTC:
13FXp5MGwZ7poLPx2KsnaKPNZHquQgsxUq