As you can see there are coloured boxes along the chart and that shows kinda similar types of market that have been working like a cycle, the blue one forming kind of an harmonic shape on H4 / D timeframe.
The chart is currently at an M formation and I am excpecting a correction to the neckline (this movement aligns with the cycles as well).
First time doing this...
Gold is still in Corrective Structure on H4. This correction can take the shape of a flat or triangle. For now, we've only seen the first part of the correction; a- or w- wave. Gold is now aiming for the start of either b- or x- wave to begin another leg of pessimism. This is a correction to my last post on gold's correction.
N.B
- Let emotions and sentiments...
New more reliable indicator: ERSI-- "Early Reversal Signal Indicator" show positive strength on the 1M chart.
Trend Shift Indicator also showing positive opening
EARS (for very early reversal info showing red to green).
Conclusion: not yet time to sell.
Hello everyone! Today i want to talking about 1 Month timeframe. If you look at previous bearish cycle you'll see that downtrend had 4 of confirmation points before change. I think, today's maximum we had see it was last of high point which touched downtrend line. I have open short position from $8700 because I see on chart, that was last bulls try for change...
ERSI: Early Reversal Signal Indicator showing opening momentum
Trend Shift Indicator: showing reopening momentum.
Looks like we can hold a bit longer before a breather.
Hello crypto friends,
While Bitcoin is breaking resistance after resistance I want to show you a comparative analysis of the accumulation patterns after correction before bullish price increase.
As you noticed, the price has been in the downward channel since the summer of 2019:
Price is testing the upper boundary of the channel now.
Until Bitcoin hasn't...
I've relied on these DownTrend dashed lines since the Summer and traded them versus these stages (the letters) rather reliably, including the break of the wedge and stages themselves right where the 50-Day is now turning.
The Purple Dotted Lines are my first thought at a new trend to retake the D stage and launch a breakout like the past summer.
What do you...
Gold selling pressure is growing on H4, but this is not a period to join bears to short the metal as this is a corrective wave. Expected earlier was a bullish wedge but turned out that the market is building up a regular flat. This could "degenerate" into a Zig-zag structure.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
USDCHF is most likely to be going through a complex corrective structure. With an uptrend a-b-c structure completed mid-2019, another corrective structure has also emerged on weekly chart. This time around it's a downtrend. Wave pattern a- and b- have been observed, what's left now to complete is the c- part. According to Elliot wave, c-pattern likely to have a 5...
Gold seems to start building a bullish wedge on H4. Now expecting the price to re-test its recent swing high before being rejected. If the rejection occurs, then the precious metal most likely will test the lower channel of the wedge before making another upward movement. However, all these might change if there is escalation of on-going US/Canada/Ukraine vs Iran...
With sentiments turned bullish on H4, AUDUSD is set for another uptrend. Expecting the pair to revert to its mean (profit taken) before starting the rally
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
