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GM — Bearish Deep Harmonic CrabGM is sitting at an interesting level where a Bearish Deep Harmonic Crab is forming on the weekly chart. Price has pushed higher into the reversal area, but there are a few things on this chart that make me question how much strength is left in the move. Trade Setup Entry: $94.00 TP1: $68.50 TP2: $55.00 TP3: $39.00 TP4: $31.00 The blue trendline is the key confirmation for this setup. I don't want to short GM simply because it reaches the harmonic area. The bigger confirmation would come from
NYSE:GMShort
by FreedomBuilder
$XAUUSD | Structure Research 3.3.3.3.3 or 5.3.5.3.5 Bar Chart The market is whispering something... But is everyone hearing the same message? At first glance, the current formation can be interpreted as a Leading Diagonal — a pattern often seen near the beginning of a new trend. However, there is another possibility worth considering. What if this entire structure is actually a complex Triple Zigzag disguising itself as a diagonal? From an Elliott Wave perspective, both interpretations remain valid. Wave 3 is not the shortest wave, overlap is presen
CAPITALCOM:XAUUSDLong
by Mehdi_Abbasi_EWP
Silver - Don't Buy HereAs tempting as these prices are to try and go long in silver - Now is not the time. Silver is still in the middle of a complex WXYXZ corrective from the highs it made in January (121 levels). These kind of complex corrections usually come after quick + strong rallies. Any current upmove that comes about in silver is a clear case of sell on rise. Prices may go up towards the 61.8% levels on wave X. This opportunity should be used to sell silver with a clear SL of 90. Wave z is still pending and
TVC:SILVERShort
by abskap
2
CHZ in a Multi-Year Winter: Awaiting a Break for Wave 3 of 1CHZ looks like it’s deep into a multi-year correction as part of Wave 2 of the higher degree trend. The flameout in Wave 5 of 1 resulted in the current, drawn-out consolidation. This extended correction could be unfolding as a WXYXZ or a very elongated ABC pattern, reflecting the market’s need to churn and reset after the huge rally. For now, volume remains low, suggesting the slow bleed may continue for some time longer. However, if we see a significant increase in volume, combined with a brea
BINANCE:CHZUSDT
by cryptechcapital