bglockzin

bglockzin Updated 

when a diagonal pattern forms our structure changes to 3-3-3-3-3 instead of 5-3-5-3-5. Im counting ABC zig zag formations in the first 3 waves which leads me to believe an ending diagonal pattern is taking place. Im seeing wave 3 completed at 2432 area and because our trend line from wave 1 to 3 is expanding this gives us an indication of a deep wave 4...

bglockzin Updated 

EUR/USD has broken structure and is looking to move to the downside. I Will be looking at 1.069 first TP and final TP 1.069

bglockzin

As Elliot would put it the throw over occurs when price has gone "too fast too soon "and is due for a steep correction. Ending diagonals show up in Wave C and 5 also signalling the end of a trend. Will gold plummet or defy the odds and keep pumping to the moon. Im also looking for a move up to 61.8 FIB level and for that to reject and head to the downside for...

bglockzin Updated 

Had to adjust wave numbers due to price shooting up past previous A wave Ending diagonal pattern forming in 5th wave of higher time frame market cycle keep an eye on 2190-2200 for reversals safest trade for sells once trend line is broken or when price breaks through wave 4

bglockzin

Gold is currently looking to complete B wave correction around 2100 before heading down to create C wave. Once C is completed we can look to continue the trend, C wave will usually move past Wave A or 50,61.8 retracement of move (i). Not financial advice just counting waves thanks!