There must be a comprehensive text, but I'm too lazy to write it.
There must be a comprehensive text, but I'm too lazy to write it.
Long GOLD at 1.170 BIG Opportunity EW-Analysis
Proper patience is needed throughout the life cycle of the trade, at entry, while holding and exit. Price has broke the previous trend line and RSI suggest one cycle is over. Right now we should be in correction and it should take awhile to develop then advance for another leg down. Watch it.
There must be a comprehensive text, but I'm too lazy to write it.
Hey traders! Hope everyone has been taking advantage of these trending markets over the past couple of weeks! I've been busy with some side trading projects and am back with an updated wave count on the EURO. We are witnessing sideways corrective structure in what could potentially be a fourth wave symmetrical triangle. The 1H trend is down but we also have...
There must be a comprehensive text, but I'm too lazy to write it.
There must be a comprehensive text, but I'm too lazy to write it.
There must be a comprehensive text, but I'm too lazy to write it.
There must be a comprehensive text, but I'm too lazy to write it.
No trade idea just posting my wave counts on weekly time frame for S&P . any correction is welcomed thanks i am taking wave IV being complex sideways.
Gold broke low and came to find support at important fib level. Price now looks to move up in a number of smaller waves before another larger move lower. Be wary of another move lower if price should break low, as that would invalidate this count. If price holds, look for move up toward sell zone. Be careful taking long trades here, price will be erratic. If you...
We finally have a bearish impulse on OIL! I am looking for an entry on at the bearish bat on the lower TF. Check it out: If this is the first impulse of the drop to the mid 40's, this has a long drop ahead and some missed pivot targets below. I want to short this at the bat completion level to test this bearish impulse. SL is placed above the root of the...
The USO has likely completed the current corrective move and is ready to resume the bullish uptrend as part of an extended larger degree wave (3). While there is the possibility that the correction extends to target the 61.8% retracement of wave 1 around 10.74, the minimum number of sub-waves to complete wave 2 has been reached. Moreover, extended wave 3s tend to...
The Dollar is nearing a medium-term top as a wave B of (4). While we may have already reached the top, I would still expect one last move up with the DXY peaking just under the 100 mark around 99.7. This would fit well with the length of wave c being equal to wave a. Once a top is confirmed, the price movement should resume the downtrend to complete the...
Hey traders, stopped out of the impulse trade, and choppy price action alludes to potential success with corrective structure patterns. Here a bat is complete. SL is placed above two S/R levels with TP at .886 of the impulse. Cheers