It's in a descending wedge and looks like it's about to break the wedge. I am writing this analysis because the indicator values are very low. If he breaks the wedge, it can hh. The price pullback of the previous harmonic pattern seems to be over. I have indicated the next possible targets on the chart. NOTE: It is not investment advice.
🌟OG has been in a long sideway for more than usual and if a chart rests more can jump more (in either side up or down) but we are observing bullish signals from the chart in the last couple of weeks 🌟all those shadows in the chart means the chart have the potential to be filled with investment and goes higher but retails still resist that and that just takes some...
whether btc will cross the yellow area whether btc will cross the yellow area
btc exactly as predicted - there is one more superb bull run
The buying is increasing again and OG could rally to the $9 and $11 zones in the next few days. But if it loses the $5.5 zone, it will fall back to the $4.5 zone or even deeper 📈BUY 🔴Buy : 5.85-6.15$ 🔴Buy : 5.35-5.65$. SL if B 📉SELL 🔴Sell : 8.8-9.2$. SL if A 🔴Sell : 10.7-11.3$. SL if A ♻️BACK-UP 🔵Sell : 5.35-5.65$ if B. SL if A 🔵Buy : 4.4-4.6$. SL if...
Next meme stock right here. I wouldn't be surprised on a 300% move by year end due to such high short interest. Disclaimer: I own July and December calls. Do your DD, compelling story here. insert rocket and moon emojis. Hope everyone catches this move.
These are just thoughts off the top of my head: 1) If silver is stronger than gold (and IT IS RELATIVELY SPEAKING), and silver has not bottomed, then gold PROBABLY HASN'T EITHER. 2) EW counts are still missing a wave 5 of C in both gold and silver. 3) US equities are entering a zone of weakness for several weeks, and historically speaking, gold tends to tank...
First, some clarifications: 1. If you have been following, I intended to start 3-3 when a bottom looks likely. RIGHT NOW, IT IS TERRIBLE. So for numbering these ideas, I will continue with 3-2.3 and etc... until a bottom is likely. 2. This combined price-volume wave analysis method has NAILED TURN FOR TURN SINCE 02-22. 3. If you follow my posts, you should...
In development of my PRS wave theory, there is something nagging me about the wave decompression of the rally that topped August 7, 2020. While this is not what I expect to happen next, it resolves all my quant concerns before completely discounting a bearish thesis . This type of price action is ALWAYS event-driven. A possible trigger that has appeared...
This is early draft for #003 trade idea. Notes: 1. For all intents and purposes, if your holding period is 6 MONTHS OR LONGER, buying NOW is not a terrible idea. Maybe even more true if you intend to hold to February 2025. 2. That said, the ever-annoying "one more low" risk is still present and may not clear until we are through FOMC on 03/17/2021, April NFP...
Please read #002-1 to #002-4 for reference first. I am strapped for time, but will try my best to show how organic price/volume waves fits best with Elliot Waves for forecasting.
Chart above is my general take on the wave count. I will add charts below so you can see my thinking process.
Essentially speaking, can't find an ounce of volume strength anywhere, but why 1680/1630? First, look to the left: Consider wave count: Long term implicatons? As of right now, it is implying that this bull will continue to early 2025. I will try to post a compare/contrast vs 1978.
So this is same proportion vs GLD chart (meaning 107 min in spot/futures is roughly 29 minutes in the etf NOT COUNTING PREMARKET/AFTERMARKET). And wait 10 seconds and I will add OANDA chart here too:
Volume in the ETF is signaling next move is 1680. See more in #002-2 for spot (XAUUSD) and #002-3 (GC1!) for futures.
NOTES: 1. ENTRY LONG 6:42 PM ET, MONDAY 02/01, $1859.60. 2. STOP LOSS: 1822 3. TARGET 1: 1990 BY 02/25 4. TARGET 2: 2075 BY 03/19 Will add if I have time.