My view on Gold for the next weeks. The pricture speeks for itself ;)
I would provide here my view on the Dow Jones for the next few Weeks. I think the picture speeks for itself.
Wave count proposing Compass Pathways to run into 70+ -- very possible considering low float. Wave 1: Impulse Pattern Wave 2: Running Flat Wave 3 target 1.618 extension of Wave 1
This is an update of my old ideas from August 2020 (links are below). According with this EW count, 1930-1938 (1945 might be the max extension) would be the potential 2nd wave completion area and consequently a big short for the 3rd big potential wave down. The target for this 3rd wave would be around at 1740
If we are correcting inside an expanding wedge, preparing for the 5th wave we might looking long for the inner C around 24.900 and then short all the way down deeply below 23.
I think we have finished the 1st big wave up and now working on the wave 2. Target $7,700 and potentially scammerino to $6,800. ... or I get rekt ;P
EW Will confirm the Flag pattern if the $80 price is touched. EW wait buy : $80.50 EW target : $92+ Stop loss : 5% Wish you good deals !
My weekly chart for the S&P 500 index.