Short-Term.....Swing Trade (Set-Ups)

[pr0lene]

Originally Posted by O

I call this shape diagonal triangle not a wedge. All of the waves in the diagonal triangle are corrective. The diagonal triangle is over when the 5th wave touch or reach (usually reach) the upper/lower line. In this case my up target was 2.3010 I counted the 5th wave like double zigzag. It is normal the 5th to reach this upper line. So i'm expecting the end of this 5th.

With simple words the wedge is not failed

thanks
i think it almost end too... my view it's already wave 5of 5 1.96

[pr0lene]

Originally Posted by O

I call this shape diagonal triangle not a wedge. All of the waves in the diagonal triangle are corrective. The diagonal triangle is over when the 5th wave touch or reach (usually reach) the upper/lower line. In this case my up target was 2.3010 I counted the 5th wave like double zigzag. It is normal the 5th to reach this upper line. So i'm expecting the end of this 5th.

With simple words the wedge is not failed

thanks
i think it almost end too... my view it's already wave 5of 5 1.96

[MAXO]

That's what I'm talkin about. You can get in

[pr0lene]

Originally Posted by O

I call this shape diagonal triangle not a wedge. All of the waves in the diagonal triangle are corrective. The diagonal triangle is over when the 5th wave touch or reach (usually reach) the upper/lower line. In this case my up target was 2.3010 I counted the 5th wave like double zigzag. It is normal the 5th to reach this upper line. So i'm expecting the end of this 5th.

With simple words the wedge is not failed

thanks
i think it almost end too... my view it's already wave 5of 5 1.96

[pr0lene]

sorry to many same posted i send wavez.. i get troubled acess to moneytech

[kosai.]

Looks good o I have a slightly diff view. Above I have targets for W5 if GBP has the steam to get there

Nice Wolfe Wave not sure if you did the 1-3-5 2-4 lines for that reason but the target would be an alternate. If you are expecting the low to be hit then its a property of a wedge for price to retest the low of where it formed even though you call it some upward diagonal something or other...

See chart for my 2 cents.

FxKos

[MAXO]

Originally Posted by kosai.

Looks good o I have a slightly diff view. Above I have targets for W5 if GBP has the steam to get there

Nice Wolfe Wave not sure if you did the 1-3-5 2-4 lines for that reason but the target would be an alternate. If you are expecting the low to be hit then its a property of a wedge for price to retest the low of where it formed even though you call it some upward diagonal something or other...

See chart for my 2 cents.

FxKos

Hi kosai. The diagonal triangle is ElliottWave pattern 5th c waves are often diagonal triangle. Follow your counts kosai - i'll build short position.

[MAXO]

Here it is: