we short in that possible wave 5 ending zone @ $58 - $60 zone
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price is head higher.. wave still coming up.. from my own perspective, i may have made a mistake on say wave 2.. but the rest of the data is ok with me
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one more push to wave 5 then we can start the sell off!
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price is making it's final approach to wave 5, we can start preparing for a possible reversal anytime
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in the resistance zone one more push up then down moves might be in play
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finally in the zone! we wait for more shorting confirmation's//
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we can start looking for shorting opportunities
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looks like price is starting to consolidate we can scalp on lower time for a few pip profit or we can swing this pair
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we continue looking for shorting opportunities, as soon as price clears that support zone..
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One of my best price predictions yet ..#Elliot wave
I'm keen to understand where you think this will head to now?
Muzoeph
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@Whitp2, it'll head for a point A correction of the ABC structure, thats if wave 5 has exhausted itself.. which is more likely a down ward movement..
Muzoeph
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probably wave (iv) of 5 end's in the resistance zone.. n we can look to start selling from there
roxananechita
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I see a little different. My w (ii) was at 46, your w (ii) is 2 of (iii); and w (v) completed at 54.8.
Muzoeph
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@roxananechita, maybe am the one who made a mistake on wave (ii), but again elliot wave is about one's understanding..
Muzoeph
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so were's your wave (iii) and wave (iv) what price's are they at?
roxananechita
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@Muzoeph, for w (iii) and (iv) I have same price, the only difference was (ii) and (v). In my view w (iii) started lower and looks more extended, your (ii) is part of (iii). From this perspective w (v) could be completed on last top and not extend more. Anyway, I may also be wrong, just shared my view, didn't mean to upset you.
Muzoeph
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@roxananechita, when ever am forcasting my wave's i use fib level's 1.618 (give's me the end of wave 3 if its extended or wave 5 if one and 3 are normal) and 0.618( + wave 3 give's me a possible wave 5 end) n' there both leading me to that PRZ zone @ 56-60..
Muzoeph
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@roxananechita, in my view your wave 5 is my possible extended flat wave B.. quite alright it'll go lower but that will be my wave C correction.. as my wave 2 is a flat.. n wave 4 is a complex double/.
roxananechita
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@Muzoeph, I am on mobile and cannot check fibs. If the highest price is B it overlaps beginning of A which happens in expanded flat corrections that meaning C would be below the end of A and might overlap the top of (i). In this case it would be more like an ending diagonal and (v) wouldn't be extended...