
Have you been driving in a foreign country before ? Do you remember how you felt lost ? You can have the best car (your entry signals) you still need to know where you are, you need a map, or you will go nowhere...
With the Charts below, we are drawing your road map to navigate the markets.
This 2 files show the very structure of Elliot waves. It is critical to understand the fractal structure of the market.
Click on the thumbnails to see the pictures >>>>
This page is updated very ofen. Stay tunned and come to visit us again!
Feel free to ask any questions you have by email : contact@pipcandy.com
Update (01-11): Oil is in a Symetrical triangle.
The symmetrical triangle is commonly associated with directionless markets as the contraction of the market range indicates that neither the bulls nor the bears are in control. If this pattern forms in an uptrend then it is considered a continuation pattern if the market breaks out to the upside and a reversal pattern if the market breaks to the downside. Similarly if the pattern forms in a downtrend it is considered a continuation pattern if the market breaks out to the downside and a reversal pattern if the market breaks to the upside.
In short, we will wait ! ;)
Update (01-11): EURUSD pierced descending channel. We possibly are now starting a wave 3 on the long side.
A potential target is the 100 - 110 % of the Fibonacci extension level