This is a chart of spot gold, but looking at GC futures, the door is closed on bull run, as price broke down past terminal point of triangle wave e.
Volatility in the crypto market is nothing new. Its also the secret sauce that traders on platforms like BitMex, Binance, and Huobi thrive on. Owing to that, it should come as no surprise that the moment a ripe opportunity for wrestling the markets up and down presents itself, market makers pounce on the chance. Volatility is a traders best friend. Whether a...
Price Action (Technical Analysis): Price is flowing in a Descending Parallel Channel, i'm anticipating price to continue in its channel until reaching our Support Zone around 101.000. If our E Wave is properly set-up, it can give us our next push down completing our Elliot Triangle Waves also being our next Short Idea since we are in a deep downtrend....
Price Action (Technical Analysis): After Analyzing our Long-Term Position Zone last week, we are speculating price in smaller time frames to assure us price is continuing to our Monthly Support Zone. Price is in a descending parallel channel targeting our Monthly Low, Wave 2 we have an ABC Correction. Wave 4 developed Elliot ABCDE Triangles. Calculating the end of...