POHKONG ( Gold/ Jewelry retailer ) may just completed its wave (D) (cyan) of bullish triangle. Price may down to Wave E ( Cyan) of triangle. Before a "Breakout Triangle" the GOLD's Bull Run!
GOLD's price seem like "Squeezing" @ :- 1) Major Down Trend line ( Yellow Dotted) 2) Supply Zone ( Red Rectangle Box ). PLUS + its price shown we're " in " Wyckoff's Distribution Stage" with VSA ( Volume Spread Analysis) ...Conclusion :- Price structure doesn't look good for Bull Run...Properly Maintain "bearish outlook" at around 1870
WEIBO stock price has happen to re bounce at around demand zone AND Long Term trend line at around 43.30 as previous idea. Properly found strong buyers?
GOLD possible forming a bullish triangle (A)(B)(C)(D)(E)(Green).. Where price could resuming up trend at around 1848 which is :- 1) Weekly Pivot (White Line) 2) Lower Support Line ( Cyan Dotted) of triangle Stop Lost of the long is at 1822.29 ( Plus your broker spread) . Target Profit around 1900 ( The Next Major demand Zone AND Major down trend line (yellow dotted)..
I'm waiting for "South Express" "Departure Signal" at GOLD's 1868.49 . Probably the "Final Terminus" . How about you ? Do you have the FOMO of "runaway train"?
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
GOLD price if could hold above wedge pattern support line may reach around 1840 , just breaking the long term down trend line (Red) for the "sake of " trapping" "trend line breakout " trading traders...
GOLD possible forming a bullish triangle in wave (x)(Red). Price may reached wave d (Cyan/Light Blue) of the triangle @ 1832.56 which is the major resistance zone of the long term down trend line (Red Dotted).....Wave e (Cyan/Light Blue) of the Bullish Triangle could be at around 1760 which is the zone of :- 1) Lower Support Line of the Bullish Triangle ( Cyan...
GBPJPY probably on last wave up to complete flat pattern (A)(B)(C)( Cyan/Light Blue).. Price could reach at around 160 .. which is the zone of :- 1) Long Term Down Trend Line (Yellow) Resistance ....2) Major Supply Zone ( Red Rectangle Box) .. For The Long trade toward around 160 Stop Lost is 149.266 at the wave e ( Green Circled) of triangle in wave 4 (yellow)...
GOLD possible will reach around 1838 before a deep pullback toward around 1803 and finally resuming its uptrend toward around 1870
GOLD probably remain "Ping-Poing" until FED make decision on rate change. (Maybe till early next year).. Price probably remain within "Big Range " within "1900-1700" in next few months... Price now may have completed wave (x)(Red) of Double ZigZag and start trending up toward around 1870.. Stop Lost at 1758.66 + (your Broker Spread)
TOPGLOVE's stock price "Finally" reached RM2.50.. A "very critical support zone"... Where this "zone" are : - 1) Weekly Up Trend Line ( Cyan Dashed) support 2) Weekly & Monthly Demand Zone 3) Zone of lower support @ parallel channel (red).. AND From Volume Profile's POC @ around RM2.70.. we "see" lot of buyer either from institutional or retail were buying...
So. SPX stop lost was hit on last setup. Back to previous ideas :- Level 4700 . Watch out Just before or after coming F.O.M.C!!! ... 4700 = the upper trend line of parallel channel (red) ... Price eventually "may" "sucked" into "volume profile" POC level near 4100 ( which is also the next major demand zone). A potential of -12.77% drop from 4700 level..