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Technical Analysis
Elliott Wave Analysis by EWF
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[QUOTE="Elliottwave-Forecast, post: 199097, member: 40858"] Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Soybeans Futures ( $ZS_F ) published in members area of the Elliottwave-Forecast . As our members know, Soybeans Futures is showing lower low sequences in the cycle from the May peak. Recently we got recovery that has unfolded as Elliott Wave Double Three pattern that has given us opportunity to enter short trades. In further text we’re going to explain the forecast and Elliott Wave Pattern and trading strategy. Before we take a look at the real market example, let’s explain Elliott Wave Double Three pattern. [B]Elliott Wave Double Three Pattern[/B] Double three is the common pattern in the market , also known as 7 swing structure. It’s a reliable pattern which is giving us good trading entries with clearly defined invalidation levels. The picture below presents what Elliott Wave Double Three pattern looks like. It has (W),(X),(Y) labeling and 3,3,3 inner structure, which means all of these 3 legs are corrective sequences. Each (W) and (Y) are made of 3 swings , they’re having A,B,C structure in lower degree, or alternatively they can have W,X,Y labeling. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/09/Elliott-Wave-Double-Three-Pattern-rising.jpg'][IMG alt="Soybeans"]https://elliottwave-forecast.com/wp-content/uploads/2021/09/Elliott-Wave-Double-Three-Pattern-rising.jpg[/IMG][/URL] Now, let’s take a look what Elliott Wave Double Three Pattern looks like in the real market. [HEADING=3][B]Soybeans Futures ( $ZS_F )[/B] 1 Hour Elliott Wave Analysis [B]8.13.2021[/B][/HEADING] Soybeans is giving us X red recovery that is unfolding as Elliott Wave Double Three Pattern. It’s having ((w))((x)) ((y)) inner labeling. The main characteristic of Double Three is that all 3 legs has corrective sequences. First leg Wave ((w)) has Zig Zag Formation -535 structure. Then we got 3 waves pull back in ((x)) connector, when now doing last leg up ((y)) which is also unfolding as Zig Zag Pattern. Recovery looks incomplete at the moment, suggesting another leg up. The Commodity is looking for 1381’7-1414’5 area, to complete Double Three . Although expecting more upside in near term, we recommend members to avoid buying and sell the commodity at marked blue box area. Invalidation level for the trade is break above 1.618 fib extension (1381’7). [I]You can learn more about Elliott WaveDouble Three and Zig Zag Patterns at our [B]Free Elliott Wave Educational Web Page[/B].[/I] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/09/ZS_F-13-August-1-Hour-Midday.jpg'][IMG alt="soybeans"]https://elliottwave-forecast.com/wp-content/uploads/2021/09/ZS_F-13-August-1-Hour-Midday.jpg[/IMG][/URL] [HEADING=3] [B]Soybeans Futures ( $ZS_F )[/B] 1 Hour Elliott Wave Analysis [B]8.20.2021[/B][/HEADING] Sellers appeared at the blue box and we got good reaction from there. The decline from the blue box reached 50 fibs against the ((x)) connector, as a result short positions from the blue box are Risk Free and partial profit are taken. At the moment we see recovery completed at 1386’7, however if mentioned pivot gives up we could see larger recovery. Now we are about to complete short term cycle from the 1386’7 peak, expecting to see bounce again. Anyway, as far as the price stays below 1386’7, short positions remain active. As our members know, Blue Boxes are no enemy areas , giving us 85% chance to get a reaction. Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the [B]Live Trading Room[/B]. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/09/ZS-F-8.20..jpg'][IMG]https://elliottwave-forecast.com/wp-content/uploads/2021/09/ZS-F-8.20..jpg[/IMG][/URL] [B]Elliott Wave Forecast[/B] Source: [URL]https://elliottwave-forecast.com/elliottwave/soybeans-futures-zs_f-selling-rallies-elliott-wave-double-three/[/URL] [automerge]1631114690[/automerge] Hello fellow traders. In this blog, we’re going to take a quick look at the Elliott Wave charts of AUDJPY, published in members area of the website. AUDJPY has been giving us correction against the 05/10 peak. We’ve been calling rally in the Forex pair due to higher high sequences in the short term cycle from the 08/10 low. In the further text we are going to take a look at the price structure and explain the forecast. [HEADING=3]AUDJPY 1h Hour Elliott Wave Analysis 8.28.2021[/HEADING] As we can see on the chart below, the forex pair made 5 waves up from the 8.10 low. That cycle is labeled as A red. We got 3 waves pull back - B red after which the price rallied and made new short term peak. The pair is now showing higher high sequences from the 8.10 low. We expect the pair to trade higher within C red that should unfold in 5 waves. The pair is bullish against the 76.4 low and calling for further rally. Short term cycle from the 79.4 low looks to be unfolding as 5 waves which should be wave ((i)) of C. We expect to see another short term high to complete 5 waves in ((i)) black. Then we can get 3 waves pull back ((ii)) before buyers appear again for further rally. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/09/AUDJPY-28-August-weekend.jpg'][IMG]https://elliottwave-forecast.com/wp-content/uploads/2021/09/AUDJPY-28-August-weekend.jpg[/IMG][/URL] [HEADING=3]AUDJPY 1h Hour Elliott Wave Analysis 8.31.2021[/HEADING] Short term cycle from the 74.4 low ended as 5 waves, and we got ((ii)) pull back as expected. As far as the price stays above 79.94, more aggressive view suggests ((ii)) can be done. We believe that next leg up can be in progress. We don't recommend selling the pair and favor the long side against the 79.4 low due to bullish sequences in the cycle from the 08/10 low. The pair is targeting 81.61-82.13 area. Current price structure in the August cycle is characteristic for the Incomplete Elliott Wave Zig Zag Pattern. [I]You can learn more about Elliott Wave Zig Zag and other Patterns at our [B]Free Elliott Wave Educational Web Page[/B].[/I] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/09/AUDJPY-31-August-Asia.jpg'][IMG]https://elliottwave-forecast.com/wp-content/uploads/2021/09/AUDJPY-31-August-Asia.jpg[/IMG][/URL] [HEADING=3]AUDJPY 1h Hour Elliott Wave Analysis 8.31.2021[/HEADING] The price held above 79.94 low and we got extension higher. Our target area 81.61-82.13 area is not so far away, but still looking for more upside. At this stage we call for another marginal push up to complete ((iii)) of C red. Keep in mind that not every chart is trading recommendation and market is dynamic so presented view could have changed in the mean time. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the [B]Live Trading Room[/B]. You can check most recent charts in the membership area of the site. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/09/AUDJPY-3-Sept-Asia.jpg'][IMG alt="AUDJPY"]https://elliottwave-forecast.com/wp-content/uploads/2021/09/AUDJPY-3-Sept-Asia.jpg[/IMG][/URL] [B]Elliott Wave Forecast[/B] Source: [URL='https://www.earnforex.com/forum/_wp_link_placeholder']https://elliottwave-forecast.com/forex/audjpy-bullish-sequences-calling-rally/[/URL] [/QUOTE]
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