wave_pattern_trader

wave_pattern_trader

Price has completed wave 3 and it was not extended.a corrective structure is presently in formation and its looking like a zigzag but i'm not fully sure of what it is yet so expect anything...i will keep you updated on how the structure might unfold

wave_pattern_trader

wave 3 is still in formation,from the guidelines wave 3 =1.618 extension so we still expect one more push up to complete wave 3. the 0.64674 is our target, once price reaches the level you are advice to close the trade

wave_pattern_trader

GOOD DAY TRADERS Price has formed an ending diagonal as wave V, we are expecting a sharp correction pattern which will be the final structure of a complete wave and the correction is expected to go down to at least a 50% retracement but more likely 0.618 retracement level. there has been presence of divergence which shows that the uptrend is loosing strength and...

wave_pattern_trader Updated 

from the ascending triangle it shows that ears are gradually loosing strength and the market is likely to go long till it reaches the 70.13 level.. price is presently below the resistance level of 65.75 we expect one more down before price breaks this level..due to the fact that it is a triangle formation you can still expect price to break out from any...

wave_pattern_trader

A possible head and shoulder pattern as gradually forming on the 30min time frame and this is inn positive correlation with the three drive formation, if price is to break the 134.65 then the pattern will be complete and we will be expecting price to go down to 133.9 level

wave_pattern_trader

PRICE IS PRESENTLY CONSOLIDATING AND CAN BREAKOUT FROM ANY DIRECTION..USE CONSERVATORY ENTRY BECAUSE PRICE CAN RETEST THE SYMMETRICAL LINES...THE BREAKOUT IS GOING TO BE GIG NAD FAST.

wave_pattern_trader

Price can breakout in any direction.. be prepared for both..beware of false breakout use conservative entry..

wave_pattern_trader

wave 5 is in formation, we are expecting price to remain in the uptrend before changing direction. wave 5 has a high probability of being truncated.

wave_pattern_trader

FX:AUDCHF Notice how price is struggling to make a higher high, price has not bean able to break the 0.56556 level which shows a possible weakening in the up trend. price may possibly test that resistance area before finally going down

wave_pattern_trader

there is likely to be a change in trend but price might still test the top of the wedge before dropping down..price may consolidate between the rectangle wait for a confirmation signal before selling

wave_pattern_trader

Price is likely too continue the rise into the channel.their is a strong resistance at the 1.02869 so price can possible retest our triangle before continuing up . well if price is to break below the 1.02511 there might be a possible retest of the level before price surge down.right now we are looking for a buy opportunity

wave_pattern_trader

if the channel is to be broken now, there will be a squeeze formation before the market decides which direction it will go..when price breaks out of the rectangle the may be a possible retest.. be conservative so as to avoid false breakouts.. minimum of 50pips profit

wave_pattern_trader

the head and shoulder pattern has completely formed, we are expecting price to go down.

wave_pattern_trader

A CORRECTION STRUCTURE IS IN FORMATION .WE THING WE ARE IN WAVE B WE ARE LOOKING FOR A SELL NOW. MIND WE WE ARE NOT YET SURE OF THE STRUCTURE THAT WILL FORM BUT WE WILL BE WATCHING CLOSELY

wave_pattern_trader Updated 

price is in forming a corrective structure we dont know what it is yet,but we believe wave b is in formation of a possible zigzag/flat. price will still go up before finally dropping to form wave c

wave_pattern_trader

the market is presently in an indecision state,price can breakout in any direction, be prepared for both. i would advice a conservative entry.if you are able to catch the new trend its going to be big.

wave_pattern_trader

it seems that wave four is in formation and will possible form a triangular pattern. i think price will break the top of this channel before dropping down.

wave_pattern_trader

The market is presently in a squeeze price can breakout from any direction with a possible retest. i would advice a conservative entry.. i can assure you that the big move expected will produce about 20- 50 pips. so that should be your take profit. after that price can take any other structure.