Abdolreza Basirizadeh
Abdolreza Basirizadeh
Abdolreza Basirizadeh
Estimated pivot point is at the level of 0.9003. Our opinion: Buy the pair from the correction above the level of 0.9003 with the target of 0.9130 – 0.92. Alternative scenario: Breakout of the level of 0.9003 will enable the pair to continue the decline to the levels of 0.8950 – 0.89...
Abdolreza Basirizadeh
Estimated pivot point is at the level of 1.6925. Our opinion: Sell the pair from correction below the level of 1.6925 with the targets of 1.6830 – 1.6720. Alternative scenario: Breakout and consolidation above the level of 1.6925 will enable the price to continue the rise up to 1...
Abdolreza Basirizadeh
Estimated pivot point is at the level of 1.3414. Our opinion: Sell the pair from correction below the level of 1.3414 with the target of 1.3290. Alternative scenario: Breakout of the level of 1.3414 will allow the price to continue the rise up to the levels of 1.3450 – 1.35...
Abdolreza Basirizadeh
Leading Diagonals It has recently come to light that a diagonal occasionally appears in the wave 1 position of impulses and in the wave A position of zigzags...
Abdolreza Basirizadeh
USDCHF bounced sharply from the lows few months back, and it seems that this bullish legs will now continue as latest retracement from the highs has unfolded in a corrective manner. We would not be surprised to see a rally through 0.9080 this summer and acceleration up to 0...
Abdolreza Basirizadeh
Estimated pivot point is at the level of 1.0706. Our opinion: Buy the pair above the level of 1.0706 with the target of 1.09 – 1.10. Alternative scenario: Breakout of the level of 1.0706 will enable the decline in the pair up to the level of 1.0650 - 1.0616...
Abdolreza Basirizadeh
Estimated pivot point is at the level of 102.27. Our opinion: Sell the pair from correction below the level of 102.27 with the target of 100.00 – 99.40. Alternative scenario: Breakout of the level of 102.27 will allow the price to continue the rise up to the level of 103.00...
Abdolreza Basirizadeh
Estimated pivot point is at the level of 0.8960. Our opinion: Buy the pair from the correction above the level of 0.8960 with the target of 0.9070 – 0.91. Alternative scenario: Breakout of the level of 0.8960 will enable the pair to continue the decline to the levels of 0.89 – 0.8850...
Abdolreza Basirizadeh
Diagonal A diagonal is a motive pattern yet not an impulse, as it has two corrective characteristics. As with an impulse, no reactionary subwave fully retraces the preceding actionary subwave, and the third subwave is never the shortest...
Abdolreza Basirizadeh
Estimated pivot point is at the level of 1.7191. Our opinion: Sell the pair from correction below the level of 1.7191 with the target of 1.6830 – 1.6720. Alternative scenario: Breakout and consolidation above the level of 1.7191 will enable the price to continue the rise up to 1.73...
Abdolreza Basirizadeh
Estimated pivot point is at the level of 1.3572. Our opinion: Sell the pair from correction below the level of 1.3572 with the target of 1.3350 – 1.33. Alternative scenario: Breakout of the level of 1.3572 will allow the price to continue the growth up to the levels of 1.3750 – 1.38...
Abdolreza Basirizadeh
July 23 2014 I have been talking about NZDUSD two days back and highlighted a three wave rally away from 0.8646 low to our members. This move is still in play with missing wave (c), final leg of a zigzag that may reach 0.8720/0.8750 resistance area from where a new sell-off would be expected...
Abdolreza Basirizadeh
Truncation Elliott used the word "failure" to describe a situation in which the fifth wave does not move beyond the end of the third. We prefer the less connotative term, "truncation," or "truncated fifth...
Abdolreza Basirizadeh
NZDUSD made five waves of decline from 0.8834 high, which has been high for the year so far. Well, this peak may stay there for some time now as impulsive decline like this confirms a change in trend...
Abdolreza Basirizadeh
Analysis for July 21st, 2014 DJIA Index Possibly, Index is reversing. Earlier price formed skewed triangle pattern inside wave (4) and then completed the fifth one. Probably, after local correction, instrument may continue falling down inside wave (A...
Abdolreza Basirizadeh
EURUSD has turned lower at the start of the month from around 1.3700 where we see a completed three wave rally on the smaller time frames. Three wave patterns are corrective within ongoing trend so we believe that EURUSD will continue to fall in coming weeks, maybe even back to 1...
Abdolreza Basirizadeh
Extension Most impulses contain what Elliott called an extension. Extensions are elongated impulses with exaggerated subdivisions. The vast majority of impulse waves do contain an extension in one and only one of their three actionary subwaves...
Abdolreza Basirizadeh
Motive Waves Motive waves subdivide into five waves with certain characteristics and always move in the same direction as the trend of one larger degree. They are straightforward and relatively easy to recognize and interpret...
Abdolreza Basirizadeh
Degrees When numbering and lettering waves, the scheme shown below is recommended to differentiate the degrees of waves in the stock market's progression: The most desirable form for a scientist is usually something like 11, 12, 13, 14, 15, etc...
Abdolreza Basirizadeh
USDCHF broke to the upside in this week, above 0.8955 and extended gains with accelerating price action to 0.8980 that can be wave (iii) as part of a new five wave bullish cycle. In that case we see room for a push up to 0.9050/0.9070 area that can be reached by the end of July...
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