Hi guys , was out for some time , thank you all for your messages.
Expecting to see bulls for this pair , to complete E wave after a correction only if there will be no break of the triangle.Also a Bullish Bat Pattern in place
I reserve all rights to say that gold bears is finally done, because second template with levels now work in confluence with my dynamic level template.
See what happens when dynamic level template and 2nd template both indicate SHORT.
So far ...
SETUP - Last week I was expecting a break of the blue dashed that still hasn't happened. This may still go a bit higher so the break of the line is the best reason for a short. Everything else will be trying to pick tops or bottoms
Hey traders, I am spending my weekend browsing across different instruments.
The recent HOT commodity that everyone is talking about is oil.
This is how I see oil based on Harmonic analysis.
1. Price is bouncing off the lows on the daily channel
2. AB=CD patterns completes around $68
3. I am very bullish on OIL ...
Only some exchanges experienced a break out of June high at 780$. Last night shows a picture for reversal in the small time frames. I suggest a temporary top is already formed and BTC will head down or sideways. Here is my preferred scenario: Wave 3 green is over and wave 4 green has already started. If this ...
The thought of reviewing positions may trigger anxiety for some people; however, reviewing past trading positions is essential to making progress and improving your performance.
Reviewing winning and losing positions can give you a more realistic picture of your trading behaviour and can help you evaluate your ...
Hey guys, one chart I am very interested to monitor closely next week is DXY which is the US dollar index.
It measures the USD against a basket of other currencies and is the most widely used chart by traders to determine the strength of the USD.
You can read more about it here --> ...
Two months ago both USO and Crude Oil appeared to be forming Horizontal Triangles from the February bottom.
The pattern was subsequently validated.
Now the possibility of a Horizontal Triangle has reappeared.
If USO holds below 11.79 it will remain valid.
A break over 11.79 will invalidate the pattern and opens ...
Lots of people think a new bearish cycle is being started.
This often occurs at the end of a wave 3 and generally leads to a short squeeze (wave 5).
That's why I expect a final wave to come with a target at 2864.
The time boxes match with the previous ones of the last bull cycle with a 2-factor duration.