coming few days waiting for a corrective structure to occur and then will look for shorting possibilities , targets to be 135$ to 60$
expecting a completion of 5 then we gona see some nice drop no trade calls , just general thought process
bit coin near reversal point expecting a reversal from 3000 approx at max, lower Time frame technical assessment , we might have already started the reversal down to 800 levels if the down move started
another down trend if C wave completed ( C wave might develop to be more complex ) although it just touched the highs of wave A ( forming uncompleted wedge ) now we have a break of corrective wave ABC ( if its completed .might develop further in time to be more complex ) a confirmation will be further impulsive down trend below 1.24607
AFTER THAT MAY BE A BREAK , MOST PROBABLY WILL TEST THE LOWS AGAIN
just scratching some ideas on gold based on mathematical methods with time factor and degrees of impulses and corrections no trade calls simple theory time could proof it right or wrong
no trade calls , only general analysis
we are still in down trend entry sl-target is on chart i will be updating this chart once the trade triggered previous trade on this pair was clean 800 + pips
im waiting a consolidation in 4 h and 1h to enter a long trade for a continuous 5 waves for C wave targets are 1.85555 1.98262 2.03268 2.14532 following trades will be updated
i will short GBPAUD if it drops below 1.7071 looking for impulsive drop down , if its not impulsive drop then i will look to move sl to entry as soon as it moves 80 pips in profit
previous idea on gold was expecting a rally to 1348 but since we are in corrective wave which now im getting clearer idea to identify it , it looks like expanding triangle which clearly identified that wave c will be very complex wave that were i forecast a long to 1348 now with above said , im expecting a down 3 waves to form wave E of triangle for wave 2 so...