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Gold long term countTaking a closer look at the yellow precious metal, we have to state that, as in many forex pairs, an impulsive count is not possible and the market only forms 3-3-3 patterns.Looking at the current upward movement since 2015 and especially the run after the low in March is clearly a three-wave pattern. The question here is whether we have already reached the high, for this speaks that in the last movement in the yellow (wxy) the ( y ) has exactly hit the 1.00 extension or whether the market still reaches the 1.00 extension of the red circled Y to complete the complete upward pattern, which has formed since the beginning of the 20th century. In the blue C, the 1.00 extension is at 2108 that of the Y circled in red at 2285.
TVC:GOLD
by Elliott-Waves-2_0
USDCHFAdmittedly, this pair is basically not too nice to count. I still did my best and this is the most likely count for me at the moment. What must of course always be taken into account with the corrective count is that the market can always still attach another corrective pattern. So the movement can be counted finished, but if it's really finished, only the future will show. It is possible that the 5 circled in green forms a Zig Zag and is therefore not yet finished. The target for this scenario would be 0,8721.
by Elliott-Waves-2_0
2
Tesla. That's The Top. Roast Me.TSLA has had quite the come-up recently - I think I've said that phrase about 3 times in the past year. Here's the case - this looks like a solid third wave extension I identified this when I zoomed out to the daily candles. You can see the detailed wave-count on the 4-hour chart starting from November of last year. Predicting a rather severe correction potentially ending in the lower 300 range - this move would be incredibly healthy for TSLA in the long term as it validates this entire bull run-up. Price points obtained with volume-profile and various fib retrace zones. (Reference Image here for third-wave extension www.elliottwavetrader.net )
NASDAQ:TSLAShort
by ericisom887
12