If BTC breaks down the overlap we will see a sharp retracement and if it is not will go for 54000!!!!
CVSI CBDS GWPH CVSI is going to pay spades as some point and today it's just a day trade. Fib retracement overlaps as 4.13 and now at 4.18 and going up on 5/30/1h Pain therapy stock in CBD Oil, watch earnings.
The gold as in the Weekly chart shows no sign of an end to the depreciation which has taken place for close to 4 months now. Since the price has reached its lowest at 1211.5, it fell into a range, formed higher highs which created a rising trendline, but got repeatedly resisted at 1235 - an ascending triangle. The rising trendline was however broken below...
It seems to begin wave 2 of next motive wave (there is a overlap zone there). I will Buy at 2 level of fibo as drawn on chart. Good luck to all.
It seems to be at wave (c), price may hit the day trend line and don't higher than the top of Aug. Just waiting for break out or overlap to sell.
There are 2 reasons to sell: I find a overlap zone which imply that the current wave is not wave 4. So, the bull wave (wave c) may ended. The current down trend form clear pattern of 5 wave structure as on the chart. I will sell on top of triangle or sell at the break out of this triangle Thanks
Current wave may be wave C with 5 wave structure. Why? Previous wave is a 3 waves structure. So, it should be wave B. Price dropped down impulsive and fast. This wave could be wave 3 of wave C. Trade setup: Sell @ the break out or Sell @ 61.8% fibo level
The ending of last bear leg is perfect for the end of wave 4 BUT there is an overlap (pink space) implied that the impulsive wave has NOT come yet..... this signal may unveil the next leg of an double zigzag.
My most important rationale is the overlap zone which confirms a corrective wave rather than an impulse down wave. I will going long before it reach 50% Fibo level.