NzdJpy: Would these combined corrective patterns trigger a bearish move?

On 16th February, I did a video analysis pointing at a long term flat pattern emergence. See here .

The chart above was used in the analysis.

Price is projected to move in a motive wave and the first wave is still in motion, probably in the final phase i.e the fifth sub-wave.

With price projected to dip to the 70 price region with about 600 pips away and a motive wave, an impulse wave or an ending diagonal.

The video below explained further how price could move.



The second sub-wave of the fifth wave is complete and price is in motion to complete the third wave.

See the chart below

The chart above shows how the third wave of the 5th sub-wave is emerging. A combination of zigzag pattern followed by two different flat patterns shows that the recent intra day bullish drive will soon be exhausted for the bearish trend to continue in journey that could get to 70 price level.

The chart below shows the plan.

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Gbpchf: 2 Emerging Patterns To Consider A Short

After the 5-Wave decline that broke out of the long term ending diagonal, we saw a shallow retracement which was resisted by the 4th wave of the 5-Wave drive at 1.4750.

Price dipped in a lower degree 5-wave impulse and has been congesting since 9th February.

If price does not dip below 1.3890, we might see a further intra day rally to 1.4310-1.4320 before the bearish trend resumes.

We have two projected scenarios in place; any of which,if satisfied, will make us look for a selling opportunity signal.

Scenario 1

Scenario 2

Watch the video below.

Gold Intraday Triangle

Gold is presently in an intraday triangle pattern. If price breaks it down , we might see Gold selling at $1152.
Watch the following video

NzdJpy Forecast: Many opportunities abound

On the weekly chart, there is an emerging flat pattern which can make this pair drown in many years to come.
There are so good opportunities that are inherent.
Price is expected to continue the current dip till it retraces at a level shown in the video.

Watch the video and you may position yourself  for good profits.
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GbpJpy In a correction upside?...How to take advantage!

In the last video I released, I made an analysis of how I intended to sell GbpJpy. My sell entry was satisfied and I sent a message across to my subscribers to sell GbpJpy which gave us more than 800 Pips.

We are already out.

This is the new view . Watch the video below. If the forecast is satisfied, we will consider buying at the price mentioned




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A Triangle In AudNzd: Bullish Expectation

The analytical chart below was posted on 16th December 2015 in the article titled AudNzd: What we expect next 




It was so clear to us that price was in a corrective rally after a 5-wave impulse fall off. We also had  an inverted head and shoulder pattern in line. We though that if price rallied to 1.4526 as expected in the manner highlighted, it will further show how other technical systems are engulfed by and subsumed in Elliott wave theory. Elliott wave theory caps them all in a 'big brotherly' manner.

The expected rally was expected to be a 5-wave motive move in what should break above 1.14526 (the neckline of the inverted head and shoulder) and Elliott pattern traders would have been making god pips before chart pattern traders get a confirmation from the breakout.

In the same article, we posted the chart below to track the Intra day Elliott wave pattern that would trigger the bullish ride.



We saw a tripple zigzag pattern and made this proposition

If price is contained above 1.05 and rallied to break above 1.077, we will be prepared to get in line with a long position aiming 1.1548 as the final future price level.

That was the condition to consider a buy trade.

Price never rallied toward 1.077 but rather dips below 1.05 and thereby stretched the tripple zigzag. We dropped it since then and decided to take it back when it is clear what corrective pattern will emerge to drive price up.

We seem to find it in the chart below : A triangle pattern.

The chart above shows that the correction we are seeking for could be a triangle pattern. Triangle pattern often occur at the 4th wave of a motive wave and the b-leg of a corrective wave.

We expect price to be contained above 1.051; a rally from the present level to break the triangle upside should trigger a buying trading opportunity to 1.22 which is an important level.

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What Did You Do With The Gold Rally?

On 21st December 2015, we forecast a rally after an ending diagonal formation which terminated the impulse bearish move since 2011.

Read the analysis HERE

We expect price to go higher.

Watch the video below