Gold is running abc correction now 30 minutes time frame
As my previous idea, Gold (XAUUSD) was completed 5 waves (from 183x).
See it here:
Now, i'd like to see Gold running new abc correction upward.
This is my idea and plan.
You also need yours and manage risk...
Gold is running wave (iv) in 60 minutes time frame.
We will wait to see price action in Asia Session.
Don't forget NY session just re-open from Tuesday.
This is my idea and plan.
You also need yours and manage risk strictly.
I'm paying a very close attention to 94.104 resistance, which looking at it on the monthly time, it's been acting as support and resistance many times. If we break yellow line resistance, next level is the white trend line.
I'm sure most of you know that we are definitely going up for the near term.
If you are unaware of how somewhat Elliott wave alternation with Fibonacci, its basically alternating measurements to form full 1:1 balances in forces when added together. (Example being if #3 wave within a wave 1 impulse is extended and measures to .618 of the full structure, then the...
The clean wave count from the monthly timeframe,
Currently on a weekly retracement which happens to be a 3 wave triangle (ABCDE)
Daily wave internal structure 4 HOUR ABC
4 HOUR ABC = Impluse 5 wave hourly, a 3 wave correction, and a final 5 wave impulse move.
-TSLA formed the 135 elliot wave and looks like we're gearing up for the wave 5 which is the next leg up.
-Gap was filled below and bounced perfectly on that .382 fib retracement
-We also have a gap above around 724 - 732 which could be the target
-Waiting for a TTM Squeeze to form on smaller timeframes.
-I'm looking at a month out expiration for options.
$LUAUSDT both price and weekly rsi in falling wedge soon break out to the mooooon ,price in 2nd wave falling wedge and rsi also in falling wedge after break out lua will mooooon ...Now in perfect buying zone
This is merely a prediction, in which we do not trade as this is just to demonstrate Possible formations if a bullish scenario were to happen.
This is a 0ossible discovery of the true Elliot wave count, please disregard all other posts.
We have managed to remain bullish control over the greenhouse territory, if we can manage to bump our way above the green box...
A short position is recommended after the break of the ending diagonal of the interior wave c in wave (B), wave (C) should end near the end of wave (A) , or slightly beyond it. let me know what you think about this trade down below in the comments section, you can share your ideas too.
Wish you all a profitable week!
Hi. In this 1D chart I've done a retracement of intermediate Elliott waves and charted the primary waves. I've concluded that a primary correction wave is about to finish.
Symbol NASDAQ:SCWX has a similar sector, product and an almost equal Enterprise Value.
It's current price is 13.22 $ or 110 SEK.
I value $IRIS at around the same price.
Thank you. Please...
Gold peaked at 2077 in August 2020, which was the start of the reversal from that all-time high.
Price dropped 15.01% over a period of four months to a low of 1765 in November, lets call that wave 1.
Price from December 1st to January 5th price retraced to 1960 which was a 61.8% retracement on the Fib, let's call this wave 2.
Between January 6 and...
The EURUSD may have already reached a peak, despite persisting dollar weakness.
The pair has been establishing a descending channel ever since it reached a swing peak at 1.23500, which presupposes continued price depreciation. And even though the price managed to break out above its upper boundary yesterday, there is still a chance for a sharp dropdown. This...