i found this wave 4 today gave it some time to show me if what i saw was true and it seems to be so true looks strange but possible if we come close to 1216 price again ill sell for best entry almost no risk see what i catch as a day trader and i will be selling every chance i get from here i feel price may even break below this channel we can see bottom of 1134.40 in the long run. Like if you agree comments are welcome.
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this is my reversal zone. LIKE if you agree COMMENTS are welcome.
this is my reversal zone. LIKE if you agree COMMENTS are welcome.
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the sell setup finally i'll be missing this trade too sad. LIKE if you agree COMMENTS are welcome.
the sell setup finally i'll be missing this trade too sad. LIKE if you agree COMMENTS are welcome.
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we got a decision to make here what will it be. will this head and shoulders work or fail right now we have elliot wave 4 = sell, flat correction = sell, triangle = sell contracting diagonal = sell, head and shoulders is the only signal i would consider valid for a buy. LIKE if you agree COMMENTS are welcome.
we got a decision to make here what will it be. will this head and shoulders work or fail right now we have elliot wave 4 = sell, flat correction = sell, triangle = sell contracting diagonal = sell, head and shoulders is the only signal i would consider valid for a buy. LIKE if you agree COMMENTS are welcome.
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these two corrective patterns are almost identical and befor the drop on the first pattern we had a small triangle to the lower part of the pattern as a sell signal price spiked up and shot down I say that was a trap now I see the same pattern again as a sell signal on the next pattern will it spike again taking stops of sellers grab the buyers stop them out then move down as it should to complete wave 5 elliot wave the spike wont matter since this is a greater elliot wave and its plotted on a line chart which wont count the spike, anyway thats my thoughts. LIKE if you agree COMMENTS are welcome.
these two corrective patterns are almost identical and befor the drop on the first pattern we had a small triangle to the lower part of the pattern as a sell signal price spiked up and shot down I say that was a trap now I see the same pattern again as a sell signal on the next pattern will it spike again taking stops of sellers grab the buyers stop them out then move down as it should to complete wave 5 elliot wave the spike wont matter since this is a greater elliot wave and its plotted on a line chart which wont count the spike, anyway thats my thoughts. LIKE if you agree COMMENTS are welcome.
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look at that a gap down could this be the sell signal or the last ingredient to trap and confuse. LIKE if you agree COMMENTS are welcome.
look at that a gap down could this be the sell signal or the last ingredient to trap and confuse. LIKE if you agree COMMENTS are welcome.
Trade active:
i sold took 10 ticks risk. LIKE if you agree COMMENTS are welcome.
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i got stopped out 11 ticks im in again risking 20 ticks im playing this wave 4 on the daily time frame im still safe for this wave. LIKE if you agree COMMENTS are welcome.
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gold out for blood lol it may get me.
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its a battle zone on gold in the 1218 area who will win the bulls or the bears. LIKE if you agree COMMENTS are welcome.
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they got me again stopped out ill let it be for now they are going for the stopps and trapping buyers to take them out. LIKE if you agree COMMENTS are welcome.
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see what they are doing spike pull back dont think they will close out side that zone because gold has to fall hard. LIKE if you agree COMMENTS are welcome.
see what they are doing spike pull back dont think they will close out side that zone because gold has to fall hard. LIKE if you agree COMMENTS are welcome.
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now ill look for daily close below 1218.50 no daily candle should close above for this elliot wave count to be valid. LIKE if you agree COMMENTS are welcome.
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head and shoulders seem to have won the battle forming a corrective channel to complete its leg up the break fof that channel to the down side is our sell signal elliot wave 4 will win the war on daily time frame if we close above 1218 tomorrw on daily then we will have to reassess. LIKE if you agree COMMENTS are welcome.
head and shoulders seem to have won the battle forming a corrective channel to complete its leg up the break fof that channel to the down side is our sell signal elliot wave 4 will win the war on daily time frame if we close above 1218 tomorrw on daily then we will have to reassess. LIKE if you agree COMMENTS are welcome.
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so we are back below 1218 I gave up too fast last night but after taking a 30 tick beating trying to catch the over night move down i gave up and went to bed now to wake and see its back below 1218 just make me laugh. gold got me good last night they were like trasformers and is now in a new head and shoulders bearish pattern if you can see it I did not mark it out, however the spike on daily is in lets see what happens at end of day i expect gold to fall before end of week if not and sunday open its back in the 1218 area im selling again my risk level keeps me out for now since ill be out for most of the day. LIKE if you agree COMMENTS are welcome.
so we are back below 1218 I gave up too fast last night but after taking a 30 tick beating trying to catch the over night move down i gave up and went to bed now to wake and see its back below 1218 just make me laugh. gold got me good last night they were like trasformers and is now in a new head and shoulders bearish pattern if you can see it I did not mark it out, however the spike on daily is in lets see what happens at end of day i expect gold to fall before end of week if not and sunday open its back in the 1218 area im selling again my risk level keeps me out for now since ill be out for most of the day. LIKE if you agree COMMENTS are welcome.
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So gold has delivered on it's promise to trap and kill buyers and sellers, sellers got stopped out same for buyers and buyers still hold on to longs will get stopped soon enough daily is the time frame that's in charge at the moment the big boys they are going for their 5th wave and taking our money. this correction was a big trap for all trading it (day traders). Anyway the safe zone is on or after the yellow vertical line i'm looking for a sunday sell but we can see the sell happen tomorrow morning if thursday friday no sell off sunday is sell entry day lol stops above the last high of correction and remember no daily colse above 1218 area not wednesday thuraday or friday. LIKE if you agree COMMENTS are welcome.
So gold has delivered on it's promise to trap and kill buyers and sellers, sellers got stopped out same for buyers and buyers still hold on to longs will get stopped soon enough daily is the time frame that's in charge at the moment the big boys they are going for their 5th wave and taking our money. this correction was a big trap for all trading it (day traders). Anyway the safe zone is on or after the yellow vertical line i'm looking for a sunday sell but we can see the sell happen tomorrow morning if thursday friday no sell off sunday is sell entry day lol stops above the last high of correction and remember no daily colse above 1218 area not wednesday thuraday or friday. LIKE if you agree COMMENTS are welcome.
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Gold is starting to fall exactly as i predicted too bad for me my risk is burned out i tried to get in on the last high but the i was a little early and only could afford 8 ticks stop and got stopped by a few ticks darmn. LIKE if you agree COMMENTS are welcome.
Gold is starting to fall exactly as i predicted too bad for me my risk is burned out i tried to get in on the last high but the i was a little early and only could afford 8 ticks stop and got stopped by a few ticks darmn. LIKE if you agree COMMENTS are welcome.
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i really want gold to wait till sunday open to fall however after yellow vertical line the correction is going into impulse mode I will watch my channel and i will watch rsi channel for the best entry hopefully sunday evening. LIKE if you agree COMMENTS are welcome.
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what will happen after yellen will gold drop rise or keep in correction till sunday. any feedback anyone? LIKE if you agree COMMENTS are welcome.
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so this move is what im looking for, it looks like we are getting a wave 1 of 1st wave of main wave 5 so im waiting for wave 2 of wave 1 which i expect to be ready by sunday because we have to get a correction which should be friday sunday i will be selling the break. LIKE if you agree COMMENTS are welcome.
so this move is what im looking for, it looks like we are getting a wave 1 of 1st wave of main wave 5 so im waiting for wave 2 of wave 1 which i expect to be ready by sunday because we have to get a correction which should be friday sunday i will be selling the break. LIKE if you agree COMMENTS are welcome.
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so guys the corrective pattern i expected did not manifest as i predicted instead we are getting this bullish pattern pointing to upside(outlined in yellow circled in blue) and also possibly creating a head and shoulders pattern as well, this correction was a trap from day one and i see it continues, breaking that channel up does not mean price will start going all the way up because elliot wave 4 is in play 1227.68 is the weekly termination point price cant make a weekly close above that area but it can go there. price tried to respect the daily tremination zone for this wave 4 but is struggling, this correction can extend out the channel. LIKE if you agree COMMENTS are welcome.
so guys the corrective pattern i expected did not manifest as i predicted instead we are getting this bullish pattern pointing to upside(outlined in yellow circled in blue) and also possibly creating a head and shoulders pattern as well, this correction was a trap from day one and i see it continues, breaking that channel up does not mean price will start going all the way up because elliot wave 4 is in play 1227.68 is the weekly termination point price cant make a weekly close above that area but it can go there. price tried to respect the daily tremination zone for this wave 4 but is struggling, this correction can extend out the channel. LIKE if you agree COMMENTS are welcome.
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these are my new predictions head and shoulders or triangle we are in wave 4 of the greater elliot wave so a triangle is a high possiblity this correction was full of traps so the head and shoulders can be the last big trap thats all most traders will see and they will run to it. my bias is triangle and will only trade if i get a break of the triangle to the down side to start greater wave 5. LIKE if you agree COMMENTS are welcome.
these are my new predictions head and shoulders or triangle we are in wave 4 of the greater elliot wave so a triangle is a high possiblity this correction was full of traps so the head and shoulders can be the last big trap thats all most traders will see and they will run to it. my bias is triangle and will only trade if i get a break of the triangle to the down side to start greater wave 5. LIKE if you agree COMMENTS are welcome.
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buyers are in control with head and shoulders and a triangle break to the upside im tracking this we have a possible channel up im watching as time passes but i just see trap lol lets see what happens end of day. LIKE if you agree COMMENTS are welcome.
buyers are in control with head and shoulders and a triangle break to the upside im tracking this we have a possible channel up im watching as time passes but i just see trap lol lets see what happens end of day. LIKE if you agree COMMENTS are welcome.
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this price looks like a good place to fade this move off whats your thoughts. LIKE if you agree COMMENTS are welcome.
this price looks like a good place to fade this move off whats your thoughts. LIKE if you agree COMMENTS are welcome.
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I believe i have outlined all possibilities that i can see so far im still in favor of the greater elliot wave 4 on the weekly time frame and im looking for weekly close below 1227.68 area because i dont want a price close voilation of wave 1 the patterns that i see can keep wave 4 in play on the weekly. corrections are the most dangerous areas in price to trade but knowing where corrections end is the best entry. LIKE if you agree COMMENTS are welcome.
I believe i have outlined all possibilities that i can see so far im still in favor of the greater elliot wave 4 on the weekly time frame and im looking for weekly close below 1227.68 area because i dont want a price close voilation of wave 1 the patterns that i see can keep wave 4 in play on the weekly. corrections are the most dangerous areas in price to trade but knowing where corrections end is the best entry. LIKE if you agree COMMENTS are welcome.
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Ok guys looks like everything is still looking good for the weekly 4th wave, we have a flag forming which is a sell signal i have trended it so im looking for the break to sell i will use a sell order because that move will be fast because i expect the dollar index to gap up when it opens, if this scenario fails then we have the deep crab harmonic pattern to sell on. remember this correction was designed to trap and trick us out of our money and opportunity ti make money on this 5th wave. LIKE if you agree COMMENTS are welcome.
Ok guys looks like everything is still looking good for the weekly 4th wave, we have a flag forming which is a sell signal i have trended it so im looking for the break to sell i will use a sell order because that move will be fast because i expect the dollar index to gap up when it opens, if this scenario fails then we have the deep crab harmonic pattern to sell on. remember this correction was designed to trap and trick us out of our money and opportunity ti make money on this 5th wave. LIKE if you agree COMMENTS are welcome.
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so we did not get a gap up but we still have this rising channel sell setup i have my order placed for the sell im not buying this for nothing at this time only interested in selling, i expect this to start falling overnight and likely by the morning we wake to see it has dropped but thats just my view we will see what the market makers decide. LIKE if you agree COMMENTS are welcome.
so we did not get a gap up but we still have this rising channel sell setup i have my order placed for the sell im not buying this for nothing at this time only interested in selling, i expect this to start falling overnight and likely by the morning we wake to see it has dropped but thats just my view we will see what the market makers decide. LIKE if you agree COMMENTS are welcome.
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this correction is ever changing but at the end of the day its a sell setup, we have an ending channel with a possible wedge in side but we had so many traps that that wedge will most likely break at the top continuing the ending channel to complete the Deep Crab which i believe will be the the pattern that brings this instrument tumbling. remember we should not get a weekly close above 1227.68 to keep this weekly 4th wave intack, once that ending channel breaks price should fall fast. LIKE if you agree COMMENTS are welcome.
this correction is ever changing but at the end of the day its a sell setup, we have an ending channel with a possible wedge in side but we had so many traps that that wedge will most likely break at the top continuing the ending channel to complete the Deep Crab which i believe will be the the pattern that brings this instrument tumbling. remember we should not get a weekly close above 1227.68 to keep this weekly 4th wave intack, once that ending channel breaks price should fall fast. LIKE if you agree COMMENTS are welcome.
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almost at deep crab completion looking for a sell setup. LIKE if you agree COMMENTS are welcome.
Trade active:
im short on gold deep crab holding till day ends once my stop holds. LIKE if you agree COMMENTS are welcome.
im short on gold deep crab holding till day ends once my stop holds. LIKE if you agree COMMENTS are welcome.
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Deep Crab PRZ was hit and price is now below the PRZ the pattern is looking good we need some dollar strength for gold to fall. as a day trader i can only hold this trade to end of day if i dont get profit target i have to take the loss or profit and look for the best re-entry. LIKE if you agree COMMENTS are welcome.
Deep Crab PRZ was hit and price is now below the PRZ the pattern is looking good we need some dollar strength for gold to fall. as a day trader i can only hold this trade to end of day if i dont get profit target i have to take the loss or profit and look for the best re-entry. LIKE if you agree COMMENTS are welcome.
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Deep Crab is holding nicely i'm expecting the impulse down im hoping it pulses to .618 -.786 or more if we get that nice profits before the next correction but i expect this to just keep sliding down but we will see. LIKE if you agree COMMENTS are welcome.
Deep Crab is holding nicely i'm expecting the impulse down im hoping it pulses to .618 -.786 or more if we get that nice profits before the next correction but i expect this to just keep sliding down but we will see. LIKE if you agree COMMENTS are welcome.
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the Deep Crab has shown us the current resistance if broken and price closes above then the crab is dead and we continue looking at the rising channel for the break to the down side. LIKE if you agree COMMENTS are welcome.
the Deep Crab has shown us the current resistance if broken and price closes above then the crab is dead and we continue looking at the rising channel for the break to the down side. LIKE if you agree COMMENTS are welcome.
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the Deep Crab was killed with a 5th wave to the up side so this leaves me to exect a correction of the 5 waves then another 5 waves up. can the correction be a big one yes i believe it will be then we complete a abcd pattern and gold falls again just my thoughts at this point this correction has ben a complicated one even if it created a simple pattern. LIKE if you agree COMMENTS are welcome.
the Deep Crab was killed with a 5th wave to the up side so this leaves me to exect a correction of the 5 waves then another 5 waves up. can the correction be a big one yes i believe it will be then we complete a abcd pattern and gold falls again just my thoughts at this point this correction has ben a complicated one even if it created a simple pattern. LIKE if you agree COMMENTS are welcome.
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forgot to mention that the greater elliot wave 4th wave i was expection on the weekly this five wave pattern voids it i will check the monthly since i still expect the fall of gold. LIKE if you agree COMMENTS are welcome.
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no elliot wave on monthly but we have a possible WXY to take us down to 1049 so ill be looking for reasons to sell below 1297 im still bearish on gold in the long term. LIKE if you agree COMMENTS are welcome.
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we are in a correction for gold, so far we have 4 complete waves and about to complete a 5th i'm on the look out for one more corrective wave and one move impulse wave to make this a double correction to sell if we get a long impulse after the 5th wave then we can expect a large ABCD pattern by getting 3 waves after the 5th then another 5 waves up. LIKE if you agree COMMENTS are welcome.
Order cancelled:
the 4th wave failed reanalysing...
i took the scary gold sell on the wave 4 crazy looking but im in it should fade off if the analysis is correct ill hold till end of day if i dont get stopped out. LIKE if you agree COMMENTS are welcome.