GOLD Short opportunity (95%) : Eliot waves analysis
GOLD is in a low risk area where you can get easy profits as usual with my charts.
--> Stay down of the 1700 weekly PIVOT is always a short possibility.
--> Breaking the 1690 level is already a call of SELL (Targets are 1671 & then 1650)
--> Breaking the 1703 price with confirmation candles is already a call of...
Here is a Elliot Wave Triple Three correctional combination which began since the last impulse move reached its peak (1689) in February.
The Zigzag pattern you can see between wave X to Z is the final corrective pattern of the three combinations which implies that the correction is coming to an end. Further confluence is provided by the nature in which the final...
very clean zig zag, probably the cleanest chart in the stock market i have worked on.. maybe implies a test of the lows for many stocks. think it has room to the upside for the few more weeks tho! only looking to build a short.
3500 before election, then another major correction, 30%+.. think volitality will stay high, too many shorts. Thats is why i have it basicaly staying at this pace that we have been at.As long as donnie doesnt do anything insane, stock market run will continue! i will post on my twitter if there are any violations as well as other plays. @jayeliott_
