PEPPERSTONE:XAUUSD
Gold has rallied to all-time highs this week, however, in the last 32 hours it has slumped by 90$ rising to the possibility of extended flat correction possibility.
in this scenario, wave C could reach 1.168 of A-B fib-extension. which is 2220 $.
Within the ascending channel, a five-wave impulse and an ABC correction have been completed, reaching the 0.618 Fibonacci level. The price has encountered the first resistance level (res).
Based on the fractal from the initial five-wave pattern, there is potential for growth towards the upper boundary of the channel, into the Fibonacci zone 1.236 - 1.382. From...
Where we stand in Nasdaq 100 Index.
Going through the chart I got these counts and looks valid to me.
This is just my opinion not any trading advisory.
I reserve the right to be wrong.
Thanks
As seems from the chart we have 2 no of possibility 1 I have depicted here. We have completed A (subdivisions 12345), B (subdivisions wxyxz) and hoping for C wave is in progress from today. And it may subdivide into 12345. Things that making this possibility likely are mentioned below:
1. The channel drawn from beginning of A to B end at C nearly 43943.
2. The...
The ratio of SILJ (junior silver stocks)/URA( uranium stocks) has reached its A-B-C target and double bottom area.
It is also showing a bullish divergence on its momentum indicator.
We like very much the uranium sector over the long run but are expecting an out-performance of silver stocks over the coming months.
NZDUSD is currently at the finish of wave 2 which happens to contain a complex correction (WXY) based on Elliot wave principle as you can see from the picture above. Wave C which should contain 5 subwaves ending the overall wave 2 is about to be played out. Let see how it plays out...
Trade Idea:
- Watch for a break of the red trendline for confirmation
- Enter...
Hello traders 👋
According to 1 day chart, Nasdaq index is ready to do it's last downward movement. Hence I've prepared my analysis on how to trade in the bearish market. Many said rise from the previous low point; 11050 indicated beginning of bullish market. On the other hand, I think it is the 4th wave correction. Therefore I will continue to do short for the long term.
Usually we will get a pump leading up to the week before the fed meeting. Everyone puts that to the back of their minds as they see the green candles and they start to think the low is in. They then get shocked when the price dumps usually on the Wednesday before the Fed decision. Wee are clearly in a descending channel if we break this at $1332 everyone will get...
We have two options here:
1st orange count with wxy donside correction that is ended and now will do an abc correction to the upside
2nd black, blue and red with multiple imupulses and now we are into a 3rd wave of the blue impulse that will wave an extended 5th wave that will end on 1.618 relative to the size of wave 1 through 3. So massive sales will come.
I've put this Elliot Impulse wave together with an ABC corrective and a possible entry around the fib golden pocket for anyone interested in maybe looking at this trade.
Thank you
Hello ladies and lads. Hope you are well.
According to the elliotWaveStructures that we have in mind, there seems to be an opportunity for us to go long on USDCAD for days.
If the price does not fall deeper than our invalidation point (1.24027), we need to consider this possibility.
We do not have any entry signal yet, but it is good to have it on your...
Dear Traders and Hopeaholics alike,
Those that have followed me for a while, will know BEAR TEARS are one of my favourite things, unfortunately... after 9 consecutive red candles, it has been a while since we have truly experienced them. I'd like to welcome you to the HOTEL CALIFORNIA, which is such a lovely place where you can check out, but never leave... so...
XAUUSD - Elliott wave update - micro wave 2 of subminuette iii
uptrend impulsive in 5 waves subminuette or corrective in zigzag subminuette abc
micro wave 3 unfolding - test area 1879
invalidation 1836
Following on from my previous post regarding LUNA. We can clearly see this is now in an ABC correction after having completed wave 5 to $118. LUNA is now trading below the ML of the green TC and also under the ML of the red TC. With the impending DC starting to converge I expect a breach of the green TC to the A before a bounce. However this would take us to the...
Crypto.com coin setting up for a breakout on 4hr timeframe if $CRO.X can get above .60 and manage to make that support that to me would be extremely bullish needs to confirm .60 as support wait for confirmation/retests after break out could be a fake out break out
