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USDCAD 1H ... price did form another wave c on this forth wave that cause a delayed bearish drop
USDCAD 1H ... the correction is taking more time that anticipated , as we are still trading that wave 5 of larger wave (c) price should keep looking for selling opportunities and today we should see price trade past 1.40321 and keep seeking lower prices. We should also be aware of a possibility of wave 4 extending further, although this has the least possibility of happening we should just keep it as an alternative count
Again. We are in a correction phase so its wise to remain flexible and wait for price to provide more information to work with
EUR/USD 1-Hour, yesterday’s long execution was based on a structural shift in the current Wave 4 correction. Instead of completing a standard, straightforward Zigzag pattern as initially anticipated over the weekend, the market structure indicates that price action is developing into a more complex WXY corrective pattern.
Because this multi-phase correction is still actively forming, the near-term directional bias requires flexibility. Before the broader, high-degree bearish trend can officially reassert itself, the wave geometry dictates that price will most likely need to push upward to retest the 1.12769 resistance level. Once this specific price target is mitigated and the complex correction exhausts its buyers, the market is expected to pivot sharply back into a primary selling cycle.
BUYLIMIT ON EURUSD PRICE :1.12205 STOP ;1.12112 TP 1:1.12379 TP 2;1.12581
Trade signals for all these pairs will be sent to our VIP group . Contact me @mwakasole if your interested
I will update all these pairs as the weeks progresses if anything changes but these are my views and what I will be expecting price to do
In exact alignment with silver, Gold has also diverged from its historical seasonal tendency, which typically dictates a strong bullish trend starting in August. Instead, the precious metal has opted for a prolonged consolidation phase, grinding lower over the past three weeks inside a clean, corrective bearish Zigzag structure.
Technically, price action is currently navigating the final moments of Wave (c) of that Zigzag. While pinpointing the absolute market bottom is avoided, the current wave structure suggests that the downside exhaustion is near. Even though a brief, marginal extension lower remains a risk, the primary Elliott Wave thesis strongly indicates that traders should be actively hunting for buying opportunities this coming week to position for a powerful bullish continuation
Historically, Silver exhibits a strong seasonal tendency to turn bullish starting in August. However, the market has diverged from this historical template this year, remaining locked in a prolonged correction phase. Taking an Elliott Wave perspective, this corrective structure is expected to extend its influence into the initial trading sessions of the week.
Despite a likely bearish start to the week as the correction plays out, the broader outlook remains highly optimistic. The underlying expectation is for the market to bottom out mid-week and reverse into a powerful bullish rally by the week's end. This anticipated pivot is projected to mark the official end of the correction, opening the door for sustained upward momentum over the following two weeks.
