Will PA bounce off the 382 retracement Fib line, forming point 4 on the Elliots and then go to 5 on the 1.618 ?
The interesting thing about GOLD is that it has formed the most HUGE Cup and Handle pattern and is currently in the Handle and has created the 3rd touch on the top trendline
If PA followa th eElliots wave to point 5, it has broken out of that pattern to go to a Bullish mode.
However, th eweekly MACD is turning BEARISH which points towards a continued Drop
Daily MACD is fully Bearish and approaching 0 but I think it will continue through to touch lower
Lets find out - Time is our Friend..Always gives us answers
BTW, Watch Crypto, They are open 24 /7 - no old school sleeping there
The interesting thing about GOLD is that it has formed the most HUGE Cup and Handle pattern and is currently in the Handle and has created the 3rd touch on the top trendline
If PA followa th eElliots wave to point 5, it has broken out of that pattern to go to a Bullish mode.
However, th eweekly MACD is turning BEARISH which points towards a continued Drop
Daily MACD is fully Bearish and approaching 0 but I think it will continue through to touch lower
Lets find out - Time is our Friend..Always gives us answers
BTW, Watch Crypto, They are open 24 /7 - no old school sleeping there