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Ending Diagonal

EURJPY / H2 : Ending Diagonal scenario triggeringHope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. All my scenarios and portfolio managements are explained in a daily basis on my Youtube channel. I can't post the link here without breaking the house rules, so I'll invite you tu use your favorite search engine to find it ! The English videos are posted upon the "Market Forecast (ENG)" Playlist. Kindly, Phil If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
Short
by PRO_Indicators
3
WANCHAIN ENDING DIAGONAL FOR WAVE 5?Heres a potential trade for Wan, green box will be a potential entry, if the volume is there too! Which is important, so you don't get bull trapped, and red box will be where i'd set my stop, a tight stop, because if we fall through the black trendline, the count changes! However, at the moment I'm seeing it as an ending diagonal about to go up for a final wave 5. So ill be watching for an entry at the extreme of the B wave coming down (green box) and riding it up to the top taking profits on the way. IMPORTANT: What confirms that we could still get higher, is because i only count waves 1,2,3, and potentially a completed wave 4. We can see an we've had an exact 1:1 hit, for our big wave 3 up (pulling from our big waves 1 & 2). So because our wave 3 is in, and potentially our wave 4 also, the highest probability target for wave 5 is always the 1.618! But because of our deep wave 4 cutting into wave 1 territory, our impulse up has become an ending diagonal. Which I'll be looking to play up to the top black trendline. But the most bullish outcome is if we do hit the 1.618, which is the usual target for our wave 5, when wave 3 is 100% of wave 1, which it have hit TO THE TICK. IF WE DO ENTER THE RED BOX ALL BETS ARE OFF, BECASUE THAT WILL MEAN THE CORRECTION ISNT FINISHED FOR WAN. AND I WONT BE ENTERING UNTIL WE BREAK PAST THE GREEN BOX WITH CONVICTION. If I'm feeling aggressive id scalp that nice 5% up to the green box (my entry for the big wave 5 up). By entering now with the green box as my target. Its the more aggressive play. **NOT FINANCIAL ADVICE, JUST SHARING WHAT I SEE**
Long
by Etsua
1
AUDJPY (Ending Diagonal, Butterfly Pattern and 2618) -4hEnding Diagonal confirmations: - 1 and 4 at same price - 5 clear points - take profits between 0.786 - 0.886 Butterfly Pattern confirmations: - A-B must touch 0.786, but cannot exceed X - B-C touches 0.382, but sometimes goes further (does not exceed A) - ABCD formation. D has to reach outside X and touch 1.272 or 1.618 - TP 0.382 TP2 0.618 (Fibo A-D) 2618 confirmations: - double top - measure impulse - retracement at 0.618 - TP at -0.27 and -0.618 Double Top + 0.618 = 2618 I expect price to go bullish towards 0.618 for 2618 bearish impulse, TP would be at -0.27 where I expect some type of pullback before bearish continuation from 50% to 0.786 -0.886 area, that's TP for Ending Diagonal. Good Trading
by DanielParra99
$BTC: Ending Diagonal? Going down soon?When I made my last TA I counted that the last run up to 9,800 was the wave 5, however right now I am convinced (after finding it hard to count the recent rebound's waves) that we are wave 5 ending diagonal , better yet, a textbook truncated 5th ending diagonal . Either way, even if my last TA is correct and this one. They are both going down, they both have the same targets. Now, if it goes up, hurr durr your TA is wrong raizu, well, take a look at the chart, it is suppose to go up one more time, and what if It didn't? well that's a very huge bearish sign for me because the selling pressure is too high we didn't even made a good intermediate wave up. However, ending diagonals tend to end in a fake out before going down so keep this in mind. Though you may ask, why do I think that this is going to be truncated, the main reason for that is we went too high, too fast without any major corrections . This is a sign that we may be headed for that. 2nd, the 1st wave up of the ending diagonal just seems too small as well as the third as it forms a 3-3-3-3-3 pattern it just won't reach it. Also, the next move up will be the intermediate wave 5, that is also the end of primary degree wave 5, and a cycle wave 1. We are going down hard, and what I mean by hard is that, cycle wave 2 targets need to be measured on fib levels of the cycle wave 1. Which ends up on what I have written on the chart itself. So, does that mean that the alts will also go down? Sure it will. Have you noticed every-time $BTC falls? Even a little, alts panic sell and then rebuy if dip did not continue. That is engraved on the mind of many right now, maybe even bots are programmed that way since the market is heavily correlated to $BTC. Now then, what good alts to go to for you may ask? I don't have a PhD but from what I can say, $DGD and $HPB looks good. $LTC looks quite nice too since its being accumulated for the longest time now. If I were you, when we are near at out targets, I am going to look for the coins that fell the hardest since they will probably rise the quickest too, unless fundamentals says otherwise, remember what happened to $ETH? Me too!!!
BITFINEX:BTCUSDShort
by raizumaraiz
1
Aud/Cad buy setups may be comingAcad actually gave us a small ending pattern so I think we will start getting some buy opportunities. Keep in mind the long term sell is what I really want. It should be corrective so expect it to chop down when it corrects. We don't ACTUALLY have full confirmation so I would suggest being careful with it. I would like to see it make a 4hr flag at or outside of trend line and that would give fairly safe entry I think. So look to trade the break of any downward corrective structure until something changes.
Long
by thillygoosth
NZD/CAD sell updateNcad came off .786 fib and has now broken out of ending diagonal... I will just make a short video and post it on my channel to better explain how to go about trading it. I've posted a couple sell entries I believe. Entering right now not the smartest entry point, it can go down a lot more but we should get a larger correction before BIG drop. You may get some flags to sell some more this week. These diagonals will very often at least reach high of wave 1 (see blue ray lines), but we should get 1 more buy for the correction. I can't explain it properly in text.
Short
by thillygoosth
AUDUSD (Bearish Cypher Pattern) -4h ChartConfirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 (on this case 0.5) - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) - Third TP would be long term to previous support Left Leg of Pattern A flag was formed with an ABC pattern, which gave us that bearish impulse for point C of our Cypher Pattern, even if you measure bearish impulse with Trend-Based Fib Extension you can see how price bounced around 1.272 -1.414 area. Right Leg of Pattern On this side is where it gets complicated, because of all the patterns that are on formation. First another flag was formed with ABC pattern, I measured bullish impulse by placing 0.236 right above flag and we can see point C rejecting 0.618 for bullish continuation. After first retracement we now get our second retracement for possible Ending Diagonal Ending Diagonal confirmations: - 1 and 4 at same price (I expect price to retrace at 0.236 where point 4 would be) - 5 clear points (point 5 would give us our bearish area for Cypher Pattern completion) - take profits between 0.786 - 0.886 (around third TP of Cypher Pattern) Second retracement is in formation for bullish continuation at point 5, where Ending Diagonal and Cypher Pattern would be completed for bearish impulse Good Trading.
Short
by DanielParra99
GBP/CHF sell updateThis is the idea on Gchf. I just want to point out the amount of divergence coming in on the 4hr. Check out the 1hr. I believe it came down from top in a leading diagonal indicating further downside. I think it will either drop from here or make a small wave 4 and go up to .618. This is about a huge swing and trying to catch an entry on wave 3 that I can hold. It made a small ending diagonal on 1 hr and went sideways, pending breakout at trend line. It could be on wave 3 of the smaller 5 wave, but may have been 5. Keep in mind, I have explained this pair many times on my weekly outlooks and such, I suggest you follow the videos on my link if you trade with me. This was a long corrective pattern which finished with a huge ending diagonal and double top. I am definitely looking for more downside and if it was to drop from right here, the 1.618 fib extension takes you straight down to the 1.22600 level at the major supply zone. Also keep in mind I understand more modern forms of wave theory and that the market does not always follow a basic elliot type count, but that is how I see this within this smaller structure. That would make this an expanded flat as of now. Also keep in mind this is a Chiffy pair and may test your patience and risk management skills, plus this A-B-C can just be part of a more complex "B" wave, possibly pushing up to even the .786, but definitely needing at least one more push down even if only corrective, in my opinion, however this pair has the potential to even fall out the bottom and break the low of structure being a wave 5 down on weekly.... eh, out of breathe.
Short
by thillygoosth