Join The Community

Search

Tuesday, 18 October 2016

GBP/USD H4 Analysis Update









General overview for 18/10/2016:
After the flash-crash ( labeled as the wave 3 on the chart) the market is now developing a corrective structure in wave 4. So far three waves are almost done, but the market might evolve into more complex and time-consuming structure like triangle any time soon. The line in a sand for bears seems to be the 38%Fibo at the level of 1.2509 and this is the level where the market might terminate the correction. The longer-term bias is still bearish.

Support/Resistance:
1.1933 - Swing Low
1.1989 - WS1
1.2091 - Wave b Bottom
1.2215 - Weekly Pivot
1.2346 - WR1
1.2509 - 38%Fibo
1.2580 - WR2

Trading recommendations:
Swing traders should still keep the sell orders as the impulsive wave progression to the downside hasn't been completed yet.
Day traders should look for entry to sell on rallies*.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.




★★★★★★★★★★★★★★★★★★★★
SIGNALS , SOCIAL TRADING,EDUCATIONAL MATERIALS  AND MORE DETAILED ELLIOTT WAVE COUNTS ARE AVAILABLE FOR 
FREE
IN MY VIP SERVICE!
Details here:

★★★★★★★★★★★★★★★★★★★★

Tuesday, 4 October 2016

Crude Oil H4 Analysis









General overview for 04.10.2016:

The sideway price action in corrective cycle continues to chop. Two important zones, marked as gray supply/demand rectangles, will play a major role in the overall bull/bear fight. Moreover, from the EWP point of view, there are two counts applicable to the current wave development. The main count is still impulsive and bullish and it indicates an ongoing irregular flat corrective cycle in this commodity, The alternative count however suggests more complex and time-consuming correction that might sooner or later test the key level at 43.00 before any meaningful rally will happen.
Any breakout below the level of 39.17 will immediately invalidate the main count.

Support/Resistance:

39.17 - Wave X Bottom | Invalidation Level |
41.04 - Technical Support
42.98 - WS2 - WS2
43.00 - Key Level
43.00 - 43.49 - Demand Zone
45.91 - WS1
46.48 - Invalidation Level For Wave iii
47.12 - Weekly Pivot
47.46 - 48.43 - Supply Zone Z |OLO|
49.31 - Technical Resistance
50.06 - WR1

Trading recommendations:

Day traders should consider to open sell if the level of 46.48 is clearly violated. TP should be set at the level of 43.00.
Swing traders with buy orders opened should remain calm and wait for the level of 48.43 breakout ( bullish trend resumption level)*.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.


★★★★★★★★★★★★★★★★★★★★
SIGNALS , SOCIAL TRADING,EDUCATIONAL MATERIALS  AND MORE DETAILED ELLIOTT WAVE COUNTS ARE AVAILABLE FOR 
FREE
IN MY VIP SERVICE!
Details here:

★★★★★★★★★★★★★★★★★★★★



 
Don't Forget To Join US Our Community
×
Widget