Will we see a rally up to 95.50 after a test of 92.70 area?
We might be in a big corrective up move that could be the last part of a C wave (other 5waves up, after a 5, 3 series), inside a B wave (in the bigger count).
Following the price with trendlines
This is an update of my old ideas from August 2020 (links are below). According with this EW count, 1930-1938 (1945 might be the max extension) would be the potential 2nd wave completion area and consequently a big short for the 3rd big potential wave down. The target for this 3rd wave would be around at 1740
If we are correcting inside an expanding wedge, preparing for the 5th wave we might looking long for the inner C around 24.900 and then short all the way down deeply below 23.
Based on EW we might see a 5th wave after an ABCDE correction, downward to around 40$
We are contracting the price from 12hr into a triangle (4th wave?) before the ipotetic 5th wave. We will se the price projected below 1860?
Enterd shorts at 1.618% extesion of AB retracement leg, targeting below 38
2 potential short entries: 1) sell limit at: 1.78598 2) sell stop at: 1.77426 > stop loss: 1.79112 > target profit: 1.72830
Is the DXY correcting with an ABC after an expandig triangle "ending diag"? Might it heading around to 95?
On a daily chart i would say that we can see a "rising wedge" in wich we are come back into. Targets are below 1800: 1760 - 1640 areas.
After the prosecution in extension of the C leg, we are holding our old entries and we looking foreward for new short entries. A potential area would be 2024 - 2041 where are some counts and mixed analysis in convergence. We still expecting a big 5 wave down series in continuation of the first one (big A, now we are in B, missed the C). Targets: beetween 1830 and...
So.. after we conducted weeks of studies with my mentor and mate @leeada2016 we believe that we are in a downtrend move. A gigantic 4th wave of retracement after the big rally up. We have found that top with our counts and traded it in short till here: we got 2063, 2074 and 2088 as potential reversal points in the past weeks (the actual top has bounced at...
From this price to above, every single dollar up is a potential reversal zone until 1840s... Mega SHARK PATTERN extreme completion is in on the table.
1tp of previous pattern idea isn't reached again, and we are going up... but how far? We can see a potential bearish BAT on 15min
it will be the right time to short or you thinking about 1800?
For those who try to find a short entry this D point could be a potential one. But take care cause is really dangerous, gold is still in bullish moves. Trade safe. TP 1 is a 38,2% retracement / TP 2 at 61,8%