WaveAnalysis

WaveAnalysis

Hello Traders A correction between the green lines for more upside should be in the making, and as you can see, the next wave can be the C inside that structure. That's why I want to take a short trade and to do so, I'm waiting for a correction. Trade with care. Bulent

WaveAnalysis

Hello Traders If the current structure is the 4th wave, a running flat should be in the making over the blue trendline and the last top was probably the end of the B wave. What we have after that should be a reversal structure. I'm actually in the trade, but a lower degree reversal pattern after the expanding flat will be a good trade setup for those who want to...

WaveAnalysis

Hello Traders The higher degree structure should be a correction between the green lines. And as you can see, the C wave is in the making inside that correction. Any last low can be the end of the whole downward structure and it can go up but my main forecast is a running flat as the 4th wave and one more drop. What we have at the very end can be a reversal...

WaveAnalysis

Hello Traders My expectation has been an up impulse to 1.035 at the minimum and it remains valid but because of the new low, my forecast has become a bigger correction before that upward impulse. As far as I can see, it's making a running flat and the current drop is the B wave in it and based on what we have so far, the last bottom can be the end of Y. After...

WaveAnalysis

Hello Traders The previous bottom can be the end of the monthly running flat, and we can have a crazily big up impulse. But my forecast is a correction under the orange trendline and more downside for a deeper running flat. So my expectation is an up impulse anyway. That's why I want to take a long trade. Downward structure bounced back from 0.886 retracements of...

WaveAnalysis

Hello Traders It looks like we have a complete 5-wave impulse and now, it should make some upward structures. Because of the unclarity of the higher timeframes, I can't say if it will make a pretty big up impulse or correction for more downside, but my main forecast is a correction. I placed a pending order above the potential reversal impulse, but the SL is too...

WaveAnalysis Updated 

Hello traders. I think Bitcoin made a contracting flat and it will go up. There is still a chance for some more down moves. Because it is still in the downtrend and there isn't any divergence inside of C wave. My target is not clear but it can be something between 13,000 - 14,000. I'm not expecting any down impulse which will break the aqua line.

WaveAnalysis

Hello traders. GBPUSD broke the down trendline and now I'm waiting for a flag to take a long trade. This will be a short-term trade. If you look at the following image you can see that It came down sharply after weekly corrective structure and now, I'm expecting a correction before the next down impulse. So, my target is only the A wave inside of the correction....

WaveAnalysis Updated 

Hello traders. USDCAD went up and broke the previous top. Now, it looks like we have a completed 3 wave structure. I have placed an entry order to the confluence level of 0.886 retracement and 1.118 extension and the trendline. As you can see it's still in the downtrend and my forecast will remain down as long as it doesn't break the trendline. My minimum target...

WaveAnalysis Updated 

Hello traders. There is a good chance for a nice drop in NATGAS. This drop will probably be the last part of wave 2 and then it will go up for 3th wave. The minimum target is 2.5 which is the previous bottom. 0.618 retracement is my second target.

WaveAnalysis Updated 

Hello traders. Another short trade setup in SPX500. My short term expectation is a down move to 2490 because the structure between yellow lines looks like a correction and there is a strong Fib confluence at 2490. There is a chance for a much bigger drop but I think it will go up one more time first and create a running flat before it falls.

WaveAnalysis Updated 

Hello traders Platinum has a great potential for upside but in the meantime, there is still chance for more down move. If the structure between the yellow lines is a contracting flat the structure between green lines should be the correction after reversal impulse and it should go up. If the structure between orange lines is a running flat, it will keep going...

WaveAnalysis

Hello traders. I'm expecting a daily corrective structure in NZDCAD. The up move in 1H can be a reversal impulse and the structure can the following structure looks like a correction. I'm waiting for some more down move for the completion of regular flat then I will take a long trade after breakout.

WaveAnalysis

Hello traders. In USOIL I'm still expecting a down move for the completion of the bigger corrective structure which probably will be a running flat before next up impulse. That's why I will take a short trade, then I will buy it.

WaveAnalysis Updated 

Hello traders. EURNZD has a very good potential for downside. You can see my target on the daily chart. There is also a completed Gartley Pattern in 1D chart. Now, I'm waiting for a correction to take a short trade.

WaveAnalysis Updated 

Hello traders. This is very clear long trade setup. It made a 4H corrective structure. Then 1H correction after the breakout, and now 15m correction is in the making. That's why I placed an entry order. But there is a problem here. Our entry is far away from the bottom. If it goes up fast like the previous up impulse, perfect I will be in the trade. Otherwise, it...

WaveAnalysis

Hello traders. It is not so clear in higher timeframes but the structure in 1H looks like very bullish. I hope it will come down one more time. It will give us a better correction. But now I'm waiting for a small flag in 15m to take a long trade. The target is not clear. It can be huge, we will see.

WaveAnalysis Updated 

Hello traders. The first trade setup of the new week is in GBPUSD. In 1D chart, there is a chance for Z wave. The minimum target will be 1.44 if it makes an up impulse. At least it should make a correction after sharp down move. That's why I think taking a long trade can be a good idea. I have placed an entry order. I hope it will come down before taking me in.