USDCNH Triple or Double Zigzag?
USDCNH seems to be forming a double zigzag of the cycle degree w-x-y. The first large wave w is completed as a standard zigzag. The bearish intervening wave x could also be fully constructed. At the moment it looks completed as a double zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ. In the near future, prices could […]
Double Stochastic RSI Indicator for MT5
Introduction to the Double Stochastic RSI Indicator Oscillators which are bound within a fixed range are often effective for identifying potential mean reversals. One example of this indicator is the Stochastic Oscillator, which is very effective for identifying mean reversals based on shorter price swings and pulses. Just like the classic Stochastic Oscillator, the Double […]
GBPJPY Double Zigzag To Complete Bullish Trend
The GBPJPY currency pair is in the final part of a major triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ correction. The final actionary wave Ⓩ takes the form of an intermediate double zigzag (W)-(X)-(Y). The intermediate wave (W) looks completed at the writing time. And this makes the next few trading days interesting, as a bullish […]
Double MACD for trading
Double MACD for trading Source link
USDCNH Double or Triple Zigzag?
In the long term, the USDCNH pair is expected to form a large double zigzag consisting of cycle sub-waves w-x-y. The actionary wave w took the form of a standard zigzag. The bearish intervening wave x has ended. This wave contains a double zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ. Thus, in the near future, prices […]
Double tops around 1.2250 tease Cable sellers ahead of key UK data
GBP/USD retreats from intraday high to pare the biggest weekly gain since late November. RSI pullback from nearly overbought conditions adds strength to the pullback moves. 200-SMA, weekly support line appears crucial challenge for bears. UK monthly GDP, output and trade numbers for November will be crucial to watch. GBP/USD prints mild losses around 1.2200 […]
USDCAD Double Zigzag To End Near 1.403
On the current USDCAD chart, we see the internal structure of a large correction pattern similar to a cycle triple zigzag w-x-y-x-z. Now the final actionary sub-wave z is being built. This waves takes the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ, where the sub-waves Ⓦ-Ⓧ are formed. Thus, at the moment it is possible […]
APPL Double Zigzag Breaks Fresh Lows!
The formation of a corrective trend for APPL stocks continues. This takes the form of a 3-wave zigzag of the cycle degree a-b-c. A complex correction b is currently under development, the structure of which hints at the primary double zigzag Ⓦ-Ⓧ-Ⓨ. The actionary leg Ⓦ and the intervening zigzag wave Ⓧ look complete. […]