Please refer to text on chart.
Price is forming a nice Elliot wave pattern here, I'll do an aggressive, low risk entry. However if the trade doesn't work and get in lower. The R/R for this trade is amazing so I don't mind having to take a few tries.
** Remember, we do not predict future price. We simply react to current price movements based on our...
Technical Aspect: Elliott Wave Theory - 5th Wave target is based on Fibonacci Cluster.
Macros: If we see a dovish cut tonight from RBNZ, 1% to 0.75%, this should support the Technical Analysis. If RBNZ refuses to commit themselves from easing, we can potentially expect this move on a smaller timeframe.
Almaden Minerals Ltd. is exploration- and development-stage company and is engaged in the exploration and development of exploration and evaluation properties in Canada, the United States and Mexico. The Company is engaged in the business of the acquisition of mineral properties. Its principal property interest includes the Tuligtic Property/Project-Mexico. It has...
1, Wedge Pattern
2, Currently its on the 4th wave of this impulsive wave and we are looking to catch the 5th and last impulsive
I would ideally get into this trade after it breaks and closes below the pattern, ideally I would want to see a daily closure.
Targets are based on Fibonacci Cluster
Yees, my friends! We did it - We went up as I predicted. This was an EXTREMELY important weekly close we had yesterday, and we managed to make that spike I told you about, and went to the upside.
We are right now just below 12,000 USD, and Our Family have already made money on this trip. But dont worry, you can still make it.This is most likely just the...
OK friends, please note that to get a cohesive view of this Elliot Wave analysis of GLD you would have to see my first post (Gold is going down soon- then up) on Mar. 13 as the scope of the wave count is tool large to represent in 1 chart. In that post I was of the view that GLD needs to dip to complete a 4th wave then head up and I was right, one week after...
We are still following the path down my 5th Wave Ending Diagonal. Let me summarize:
Ending Diagonals Happens When:
- The price has declined extremely fast and too far during wave 1 to 4 due to panic
- Bitcoin is now oversold - Investors has begun to accumulate or buy steadily
- Descending wedge/diagonals points to an accumulation
ETH is a very crucial point.
That is the area between 110-108 USD.
Why may you ask? By drawing an ABC we have 1. fibonacci which ends at 108 USD.
Within the C wave we have 5 other waves. The 5th wave ends typically at .2 Fib or 2.272 fib. .2 fib in this case is 110 USD.
So if we dont get a bounce between 110-108 area. ETH will go along and test 2.272 fib...
repost of my recent Idea EUR/JPY - Let`s ride this wave to finish the impuls-phase!
Make sure to buy above 130.000 (round Numbers = psychological resistance)
Taarget 1: 133.00
Target 2: 134.035
Peace and good trades
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Looks like the bulls are not done yet. This EW model projects a possible new high for Dow. Not saying it's going that far but it sure could.
Any hint of a positive comment or encouraging word from FOMC this week about future rates will ignite another leg up on this breakout rally.
They are buying the dips. Monday's grind off took index down to weekly support,...