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Ending Diagonal

ATVI Ending Diagonal?Not big fan of selling into corrections but look how fast the price has moved down from recent Ending Diagonals (good RSI divergence to support these). Most of the ending diagnosis retrace back to the end of wave 2 so we could see a correction down to 44.60 There could be one more move up before the correction (Although RSI suggests that may not be the case) Drop down to a lower time frame to confirm the breakout before taking the trade in case we do get one more move up.
NASDAQ:ATVIShort
by Unlucky13
EURUSD - UP UP AND AWAY!!!!!!Hi All, I think the end is near for this pair as USD rallied despite the massively low employment figures. I seems like the remaining USD buyers are closing their orders which has creating an even bigger divergency across the board so a rally from EUR should happen imminently. Here's a quick recap of my wave count of the final wave C which looks complete. Starting from the low at 1.03411 Wave 1: Leading Diagonal impulse move to the upside. Wave 2: Looking like an running wave A) double ZZ combo (WXY), wave B) Expanded Flat Current wave C) I have counted the primary and sub waves as labelled with wave 4 fib extensions, wave 2 (ZZ) and wave 4 (Flat) - rule of alternation all met and wave 5 is an ending diagonal which is a terminal move so a change of direction is expected. Hopefully we will see a big rally by EUR next week as it is the start of wave 3 in a bigger timeframe. Best of luck all... Don
Long
by donaldsaw
GOLD - Loosing GroundYesterday #Gold break below the 1240 #support (#endingdiagonal) but managed to bounce back. I already expect Gold to start its major #correction for the move started 1120 but before that one last leg up is still in play (because of ending diagonal #elliotwave pattern). yesterday break of the support indicate that the fall may come quicker than we expect and #Gold may not reach the #pricetarget 1270-75 area. we may be heading for a #truncated5thwave (in ending diagonal) which could cause prices to fall from 1260-63 area to begin the #majorcorrection.
FX_IDC:XAUUSD
by forexqueenpk
There is still strength in the EUR!My previous count had the EUR USD making a new high to complete the 5th wave of an Ending Diagonal at 1.07750 but this hasn't been confirmed as there is still sideways movement which only points to an incomplete move so this is my recount. Current Wave: Short wave c of wave 4 of an Ending Diagonal is currently in progress Next Wave: Long to make a new high at the termination of wave 4 to either hit 50% or 618% retracement of the bigger wave (1) as marked. Forecast Wave: Once the high is made, expect a sharp start to wave 3 which will be signified by a 5 wave impulsive move to the downside. There are still pips to be made on the up side but it is prudent to wait for the completion of the wave 5 of an Ending Diagonal where the potential pip gains to the down side could exceed 1000+ Feel free to comment and share your thoughts Happy Trading!
Short
by donaldsaw