Price broke the corrective channel and has formed an ending Diagonal to finally end the downtrend a week ago! Please follow and comment with your own charts / opinions. Thanks for checking me out!
Not a professional, just learning all of this, do your own due diligence before making any trades!
Here is a brief Elliot Wave Perspective on gold:
- Short term outlook is quite bearish.
- It correlates to bullish outlook on equities. I think we have some short term upside until EOQ1 or Q2 on equities.
- It looks likely that we are on Wave 5 which will reach a high of $2275 USD
Bullish scenarios are:
- 1900 High was Wave 5 and we are on a new motive wave (Most...
Leading Diagonal (Elliot Wave) is forming on 1 hour time frame which will lead to a large downtrend, trade appropriately!
I'm not a professional, just someone very good at seeing patterns and correlating data. Please use due diligence and do your own research/confirmations on this data. This information is for speculative/educational purposes.
If this saved or...
My 2 cents:
Cycle hits high of $78734 USD on April 25, 2022
Cycle ends Feb 14 2023 with market low of $14,329 USD - Valentine's day massacre
Never below $10,000 again!!!!!!1
Next halving June 19, 2024
Other wave targets are time-approximate.
Hello all,
Here's OXTUSD as requested by 'NuMaUita'.
I think there is a possibility that this could pullback to the 0.22 level once more before going back into its upwards trend.
If it kicks on from here however, it will indicate a wave (iii) structure to one higher degree for which I have an initial target of 0.46 - 0.51 . Any further extended move up will...
