Yes, allowing for some minor corrections of last few hours decline, will see 0.7200 easily next week. image

AUD/USD

Wave 2 corrections in a down trend also means: 1. right shoulder forming 2. conjestion ( distribution ) or simply 3. just waiting for bulls to wake up and join the bears.

AUD/USD

There's the 3rd of 3rd of 3rd wave starting = swift decline. image

AUD/USD

Yeah, good shorts u've got there, mate. Been watching 1min. chart closely - wave ii correction staying mostly under 0.6182 retracement & 3 of 3 down is to be confirmed at breakout below. It's gona be a swift decline, looking at 0.7000 by the year ...

AUD/USD

It's 3 of 3 down isn't it? Hope I'm not the only one. image

AUD/USD

I just trade and post .... but trying to stay away from the emotional ups and downs of making good calls and bad calls of markets. While there may be more overlapping of [4] and [2] to go before resuming trend. image

USD/JPY Discussion

Retraced in the blink of an eye now resume trend, set to go short on (3) or more. SL @ break of upper channel line. image

AUD/USD

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AUD/USD

Rethink on USDJPY: Present wave [4] correction is bottoming while overlapped wave [1], thus forming expanding diagonal . May resume uptrend on [5] image

USD/JPY Discussion

Looking for longs from 0.7170 for a better range counter-trend wave (c) up towards 0.7285. image

AUD/USD

paulselvan, very interesting discussion for the purpose of this thread. Just on why '(c) of (A) is an ending diagonal' ? A 2-4 channel line is used to determine the termination point of wave 4, and thus the formation of an ending diagonal ...

Elliott Wave Trading

Thank you.

Oil and Natural Gas

Good morning FF! Emotional control is such a big factor in trading, let alone dealing with emotional ups and downs of 'I've made good calls and .............. bad ones' and 'I'm more right than you are'. The objective focus is on the markets and the ...

Oil and Natural Gas

This may not be an easily agreeable view - that IF last few hours decline is the bottom of wave (b) of correction (4), wave (c) would likely retrace towards 0.6182 x (3) or MORE for completing (4). image

Oil and Natural Gas

IF present price level is the end of last 30 hours of prolonged decline - this pair will likely retrace towards 61.82% of iii, for a short term short opportunity, following the trend. image

AUD/USD

TP soon & wait for resumption of trend image

AUD/USD

I've been finding simple 3-3-5 corrective formation in most markets these days before resorting to complex combinations. However, the 5-waves C wave could be either an impulse or ending diagonals like this GA example. image

Elliott Wave Trading

Aeroplane takes off against the wind. No, that's not the analysis. Even though this pair overshoots a bit since last Friday it seems correction (4) since 4th September is coming to an end and resuming downtrend on (5), as posted last Friday, while ...

AUD/USD

After deep retracing correction [2], this pair is heading south towards 121.30 or more. image

USD/JPY Discussion