I mainly use NEOWAVE for this analysis. Based on the time frame (TF) I consider, GOLD is now doing a corrective wave (B) after it completes the non-standard correction wave (A). At the time I am writing my analysis, GOLD has a strong decline, after the label c, which is a good timing for shorting. However, there is also a considerable possibility that...
If S&P500 don't Beak 4100 point, it can go down during December and January.
Chz is have to Complete g wave in daily time frame and the fall is already started you can make make good profit with this setup
From what I already labeled, If 2-3 months from now, The price doesn't go up, meaning it dosing a large X wave if something else, If the price goes a downtrend, It may do wave C of a big Zigzag, If the price still in an uptrend, Meaning I count wrong and need to recount BINANCE:MATICUSDT
This is two leg analysis of one of my favorite crypto assets. TorChain is probably forming a Diametric pattern and we can be trading Wave F of this pattern, so be careful since Wave F of Diamond diametric patterns tend to become tricky.
🔹Bitcoin is forming a very complex correction here so you can label this part of the chart in so many ways but still don't get it all right. 🔸Nevertheless, we expect Bitcoin to form Wave C of this flat pattern in the next couple of weeks (We will finish it by the end of November) and start a very strong downtrend toward the old below. Target zone for this wave...
According to a previous post, Seem wave A may be an X wave, and the b correction was finished, So the bigger picture may be a Zigzag, To enter the Sell/Short position wait for the breakout/pull back, Confirm by price action (If I was correct, The price should go further to 1562$, the normal Zigzag target, but truncated can be happen too.) OANDA:XAUUSD
According to the previous idea, After the price reached 138.2% of a, The price makes a reversal pattern on TF4H (plus MACD doing bullish divergence in TF1H), So I decide to enter the 1st Buy position. (For now moving SL in front of EP, Risk = 0), To enter the 2nd position, Waiting for the price action around the end of wave b (Continue pattern, plus bullish...
After the gold price doesn't make a new low and does some correction, I think it may be making a FLAT correction and we're at the beginning of wave "C", If the price doesn't go below 1617, or the analysis will be wrong, must be something else. To enter the Long or Buy position, wait for the price breaking 1670, which will be a safety position (Price Action is the...
After the DXY index makes a new low in 4H and retesting, I assume it will make a FLAT pattern which usually goes around 138.2% of A, Around 107.44 TVC:DXY
CHZ neowave behavior shows us that price can sink ant least 50% and we have good supply zoon for that
The USDJPY reached 142.2, The high of 2002, Wait for price action to be confirmed as continue or reversal. (approximate 142.2 is 0.786% of A ) FX:USDJPY
After KUB token launch in 2021, The Price was gone so far (Looks like the 5th Extension) and now looks like we're in correction C, Which is still not finished yet, Approximate price should be in zone 19THB (161.8% of A, Correctio Irregular Flat). MACD doing huge divergence , CCI is still convergence , But sell force still strong. So long. BITKUB:KUBTHB to be continue
According to breaking 2021 support, Indicators seem to do divergence and waves look like Triple Combination (Not confirmed), wait for the price action. (May retest 1680 as sideway/bullish) OANDA:XAUUSD
cake is shaping an ABC pattern that can fall 50% from 5.3 dollar with close stop loss this is very profitable position
Price goes below March 2021, if this support can handle, the price should reversal soon, If this support can't handle, the price should go to 123.6% (~1582$) or 138.2% (~1525$), worst case is 161.8% (1432$) MACD is doing divergence, But waiting for the price action to make a decision. OANDA:XAUUSD Who knows ?
Hello traders this is my idea about gold in daily time frame based on Neo wave and Harmonic Elliot Method as I see here there is complicated correction and the last wave is not a -c- wave and it is -z- Wave because MACD Divergence is failed so I think it is a Z wave and I draw a possible way to gold and I would be happy to know your opinion