There are many ways I can label the current corrective move in the Intraday chart, so for now I moved to the daily. We can see that the current correction has not reached the 38% level yet, so it is …
The price action has made another high and we moved our (4) to the left. At this point, there is no proof that the correction has finished and the turn to resume the trend down is there. I added a …
As already indicated by Prof. Aldo yesterday in the update, the move up from the previous low did not look very convincing and the retracement that followed was very deep. Today the pair showed its hand by breaking the critical …
I have many ways I could label this pair, but no real preferred one. I have added one variation of my counts that sees the wave ((Y)) as a ending diagonal, however my confidence in this count is not that …
The pair is following our expectations so far, and the correction has almost reached the 62% level so (C) might already be in place. Stochastic is already moving into oversold area on the daily. We might be able to turn …
As mentioned yesterday, we got the signal on the 4-9-18 but personally I am not yet ready to change to the alternative red labeling. The 30 SMA is starting to turn and today prices are trading below it for the …
Not too much to add to yesterdays update and it still stands. However I do want to point your attention to the fact that the move from our (2) down so far can be seen as a 3 wave move. …
The price action from the recent top so far does not look really impulsive. It might be working on a leading diagonal, or the last leg of the expanding, ending diagonal has not finished and we might see another wave …
We are waiting for a 5 wave up, 3 wave down structure to signal that indeed (C) is in place and the trend has resumed. The pair has so far made a 3 wave move up and could have made …
On the intraday chart, we are looking at the price action from the recent bottom, labeled y on the daily chart. We want to see a 8 wave move up from the bottom so we can have more confidence that …