Hey Trader, please see my current idea on Gold. This time on the weekly chart. According to my count we may have finished our ABCDE wave triangle. In this case wave E has the structure of a 5 wave pattern. In this case I do expect a lot of buying pressure on Gold which should lead to a breakout of this triangle and therefore new highs. Fundamentally it looks like...
Hey Trader, please see my current idea on Gold where my count suggest an entry at around 1778 leading to a target of 1813. Tomorrow evening we will have high volatility in the markets due to FED's rate decision. For those who decide to enter ahead to the FED meeting I suggest to play this trade with small size and tight stops, just in case this idea gets folded...
Hey Trader, please see my current short setup on BTC where my wave counts suggests an impact around 38460.05, which is the 1.618 extension of my overall count. From there first longs can be considered. This is no financial advice, just my technical view. Have a great evening, RT
Possible Elliot Wave scenario if we remain bullish. The first leg up to 69k, retrace to the 618, possibly looking for more upside.
Hey Trader, please see my current idea on Gold where my count suggests the next leg up due to wave 3 extension. This is no financial advice, just my technical view. RT
Hey Trader, please see my current idea on EURUSD where my count suggests the next bullish impulse to around 1.15451 points. Let me know what you think. This is not financial advice, just my technical view. RT
up until now its not very clear whether its (ABC) or (12345) if its 12345 then btc has topped out and needs to go down anytime soon to complete the fifth wave. regardless , breaking 57600 would mean that we would look for a buying opportunity in the market.
It appears that bitcoin is currently on an expanding flat pattern in Wave 3 as the most plausible scenario. Alternative counts include Potential Triangle formation forming. Triangle can be invalidated if we make a lower low than A (could be expanding but unlikely) or if we have another complex correction 5th of 1-2 We could be completing 5 waves up for a 12...
Hey trader, please see my current idea on AUDUSD. Based on my Elliot Wave count, we have high chances of seeing bullish momentum in order to play a 50-61.8% retrace to the upside. Please trade with caution and with proper risk management. A lot of people have been liquidated with longs on AUDUSD. This is no financial advice, only my opinion. RT
Hey Trader, please see my latest idea on Gold, where we have finished our last wave in the form of an ending diagonal. I expect massive buying momentum based on this technical knowledge. For further informations please see below, RT
it is really hard to tell if this is a b of iv of macro III or the beginning of the 5th of macro III.
Hi guys, I'm looking for now at DJI forecast. on a larger degree Wave B, from an ABC EW pattern, is in progress - on 1D Chart Time Frame In Wave B, which I think will be in a 3 corrective wave pattern, we are now in wave B - a complex wave - on a 4H TF chart you will see the forecast of wave B Further more, in 1H TF, the EW shows us a Wave C in progress for a...
gala macro chart shows a nice alternation between wave 2 and 4. a sideways vs. a sharp and deep correction. textbook chart. waiting for a reversal and long to 5th wave target
macro wave 3 is on. Previous cycle was wave 1 imo.
Hey Trader, Current Gold price action indicates that we are nearly done with wave 2 which has the form of an usual zig zag. Therefore I expect some further downside movement to around 1774 before we move up. We had two excellent trades during London and New York session where we have booked our partials around the 1790s area before Gold dropped in order to built...
Evening everyone, As you can can see based on current price action Gold managed to make a new low with today US session. This is due to the fact, that we were missing out one last downside leg in our Elliot Wave count - on the other hand the speech of J. Powell ahead of Congress was the catalyst for the sell-off reaction. However,I think that we have high...
Hey trader, please see my Idea above where we are heading towards a wave 3 target based on the 1.618 Fibonacci Extension. For further informations please see below. This is no trading advice, RT
After a massive 3-3-5 flat correction, Small Love Portions is ready to begin its rally. Wave C = Wave A at 100% fib level with typical momentum divergence for wave C indicating the bottom is near. Thoughts?