Wave (iv) of larger impulse (c) poised at the optimum retracement of 0.6182 x (iii), waiting on news? for a rally on impulse (v). Setup long with SL at break of lower channel line. image Update status

NZD/USD

On H4 possible wave (4) completion of an ending diagonal (family of zigzags), now heading lower on zigzag wave (5). Setting up for shorts on rise or after minor correction, with SL at break of upper channel line. image

USD/JPY Discussion

Wave i looks almost on target, will exit all shorts and setup on iii for the trend. image

Oil and Natural Gas

DAX's moving up to complete a wave (4) of ending diagonal (c) - (4) overlapping (2) - eventually in no time resume down trend on (5). image

Carpe diem: Intraday tactics for Dax and Dow

Approached 0.6182 retracement by correction (2). Medium term Sell on resuming down trend on (3). SL at break of upper channel line & target 1.6182 x (1) Fib extension. image

USD/CAD

Yes, I'm still using Fibonacci ratios and Elliott Wave, one is centuries old technique and the other near a century. :-)

Cable Update (GBPUSD)

Going for a long on this ending diagonal wave (5), SL at breaking bottom of (2) & target 0.6182 x i - for good R/R. image

Cable Update (GBPUSD)

Still working it's way on a wave (c) up of correction (2), before the reversal. image

USD/CAD

Yes, now proposed impulse wave (3) medium term target as follows: image

Oil and Natural Gas

Yes, that's the plan & we'll see how it turns out.

Oil and Natural Gas

Sell USoil on impulse (3) with stop loss at break of upper channel line - for good R/R. image

Oil and Natural Gas

Still in middle of complex correction wave (b). Setting up for long on wave (c) near 1.3040, with minor position size for such counter trend trade. image

USD/CAD

Biting gold now ..................... image

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Yes, it's not so much by the look or opinion - but by wave count that the corrective wave (ii) has been a 3-3-5 waves configuration and likely terminates near 0.6182 retracement of previous impulse wave (i).

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Minor wave count update - on completion of wave (ii) correction and setup long for a 3 of 3 wave rally. image

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Ending Diagonal (c) of correction (4) is formed as minor (4) purple overlapped (2). Thus, setting up for rally on wave (5) near 0.7050, with SL at invalidation bottom of (2). image

EURGBP

Exited all shorts on the 1st wave down. image Now setting up for the 3rd wave (iii) down, SL at invalidation of upper channel line. image url

USD/CAD

A Daily trend change - completing correction [4] at 0.6182 x [3] retracement & resuming uptrend on [5] of larger upward wave (c). image

AUDNZD

Wave count and projection on the last leg of correction (4). Sell on the impulse wave (c) towards target 0.6182 x (3). image

EUR/AUD