Hello my friends,
I am spending this Sunday for some analysis on XAUUSD. Gold moved with a crazy 2500 pips rally from the beginning of July until August 1st week.
Friday candle close finally showing sign of exhaustion of XAUUSD because it closed with a bearish engulfing candle along with a bearish divergence on the Daily timeframe.
I am taking a deeper look into...
The market close on Friday with a big uncertainty.
we observed a smearing move up. I still don't know if it is an impulsive wave or a corrective because the waves have not unfold completely.
I think it is gonna be an impulsive wave as the characteristic shows.
in that case we will have a WXYXZ correction and probably this will be the last correction. we should...
TSXV:HIVE showing a symmetrical triangle with a long term price target of $0.81. All elliot waves confirm to the rules and the 5th wave target has been reach ($0.58 - $0.59); I will be selling my position in the morning. Price correction is coming and after it will push to complete the target of the symmetrical triangle.
I used MACD Trend Strategy to confirm my...
A zigzag pattern was identified on the chart which signifies a corrective wave, impulse move is expected to follow immediately.
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a new oppurtunity to open another sell trade await behind the neckline of the emergig head and shoulder pattern as shown on the chart.
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-Silver is recognized by inverters as a risk-free asset and also has industrial use.
-I think silver will becoming more valuable faster than other precious metals.
-Gold is going to rise but Silver will outperform Gold.
Escorts is on verge to complete its impulse phase of elliot wave, if corrective wave unfolds from current levels we made see retrace ment of around 10-15-20% in counter from current levels,,
best range to go short is around 1140 to 1180 for safe traders
view gets negated above 1221 on closing basis of hourly candle,,
First of all we are in the 5th wave of FX:EURUSD , if we look at Fibonacci retracement of wave 1-2-3 we can see the price is very close to 161.8 % retracement.
also RSI shows us a big divergence.
we have to wait to see what will happen because fundamental analysis doesn't really support this idea....
share your opinion on this idea in the comments.
Hi all
I am still so bearish on amazon in short term but it long term I believe it can climb all the to the 4666$ level
my predication is based on Elliotwave, fibo ratios and reverse RSI method
Do NOT buy it now and wait for the pullback
