GOLD Probably forming a running flat pattern (a)(b)(c)(Red) in wave x (Green Circled).. Where price could reach at around 1775 which is the confluence zone of : - 1) Deviation of 233 EMA ( 2 EMA white line) 2) Upper Line of Channel (red) 3)At Resistance of the Re-action Line (Red Dashed) 4)At Supply Zone ( Red Rectangle Zone) .. Stop Lost for the running...
Hallelujah!! ( Hari -Hari Duit Ah !!) ).... KLCI Index Price have broken wave b (Green Circled) High AND descending Channel confirmed the Running Flat Pattern wave B (Red Circled) completed. Meant KLCI index have turned from bearish to bullish and index price will break all time high in 1-2 years...
GOLD Price have broken 1810. Next Major Resistance will be 1835. For The validation of running flat pattern ABC (yellow) Price of Gold need to be capped below 1835, Short Gold as previous idea at around 1825, where there are 1)strong Resistance 2) Supply zone and 3)down trend line (red dotted line). Stop Lost at 1835.. Target Profit 1 at 1600
GOLD price have broken sub-wave 4 at around 1800 ( Not shown on chart) of wave C (yellow). Most likely confirmed The Running Flat pattern ABC (yellow) completed. Short Gold for the pullback at around 1800 where previous support may become resistance. STOP LOST at 1810, TP1 @ 1600, TP2 @ 1580
H1 time frame.
Structure: Uptrend.
When a divergence signal appears, the price starts to move down.
The key level is at 48000. Wait for the price to down to this support and see how the price will do at the Key level.
With the possibility that the price could form a Running Flat or Expanding Flat here, and there are buy setups and the price will continue to rise...
GOLD possible now at wave C (yellow) of running flat pattern . Where wave C (yellow) is shorter than wave B (yellow) . Meant Theoretically.... Price Should be "capped" below 1834 for the validation of the wave structure.. Although we've "seen" a "Long Tail" "Pin Bar" on weekly chart. But Current Price Movement "Ranging " between 1834 -1680 still look "Corrective"....
this would be the BTC bullish scenario. there is another bearish scenario, which I will post later.
for this bullish scenario, BTC would have finished wave 1 up followed by a running flat ABC, while C is composed of a (33333) ending diagonal...
I consider a running flat, with the wave C as an ending diagonal. Not a very good news for xrp hodlers, at the moment, as if the assumption works out, then expect test of $0,45. That is the lowest limit for the wave 5 of the diagonal structure.
Given the last move to the downside in this structure, I expect SOON a strong rally.
Good luck!
Before you jump on me for being a bear, I am not. I am a chartist and a realist. I am simply bringing you what I see. I am not trading with you, I am charting with you. This is for educational purposes only.
I like Elliott wave, working on that CEWA Level 1. Here is ONE of the possible counts for ETH right now - Theres also a bull argument.
I am thinking we...
First, I have to say that we passed Running Flat correction , even we passed Main Wave 1 .
Now, we are on Main Wave 2 ( Zig zag corrective & AB=CD Harmonic Pattern ), probably end of micro wave b of Main wave 2.
I can see another Bearish Gartley on wave 2, and maybe this is end of micro wave b of Main wave 2 (You can open SHORT position if you see sign...
Last posts were great, I was able to predict TRZ and PRZ on BTC/USD chart.
On this analyze, I tried to show you complex waves & next TRZ and PRZ.
Still, we are on corrective wave (Running Flat, micro wave 3 of main wave C), so please do not open Long position for Long term.
Good luck.
What is the future of this famous cryptocurrency? 🔥
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From the beginning of year till this moment Bitcoin surprised us with his amazing and unpredictable news. 📈📉
There were such a big announcements like a huge investor in Tesla's face or doubling the cost right after the Christmas.
And now we have found a really...
I Tried to find next movement on BTC/USD chart.
We are on microwave 3 of Main wave C on corrective waves (Running Flat) and microwave 3 is a complex wave(we had a wave W, and now we are on wave X).
Late, we had a great long position (Bullish AB=CD & Gartley) (sorry I was not at home because of new year on my country (NOWRUZ)).
Please, watch to my PRZ (Price...
We are still on corrective wave(Running Flat, wave C=has five microwave), you can watch end of target of wave C on my chart (BTC/USD) (around 46430$).
I glad to see your ideas on below this post.
Find best triggers on chart and open short position.
Good luck.
I published my last post by Classical Technical Analysis.
Now, we are on micro wave 2 of Main wave C on Correction position (End of micro wave 2 is too close).
I tried to predict PRZ and TRZ on BTC/USD chart.
Find Best Trigger for open Short position.
Good luck.
Running Flat is running now. I have to remind you, we are on Main Wave C on correction Position.
You can watch Flag and Head and Shoulder Pattern on BTC/USD chart.
Please Find Best Trigger and open Short Position (Do not forget put Stop Loss for all Positions).
Good Luck
