High probability prices will rise soon because of a Falling Wedge pattern
Plan A = price broke upwards through resistamce, make a pullback, then up
Plan B = price broke downwards through support, then make a pullback on the second support
Entry Idea =
- BUY now
- Wait for a price broke upwards through resistence and make a pullback, then BUY
- Wait for a price...
Trend = BULLISH
Parent Trend = BULLISH (Monthly)
Wave Direction = Down then Up
Although price is already at support area + EMA area, selling pressure is still on the edge
Most likely, price will continue its correction until the bottom resistance + EMA 26 + retracement 0.382
(However, price can also slightly going up without continuing its correction. its...
Trend = BULLISH
Wave Direction = Up
This idea gives you the bigger picture of XAUUSD
Just to assist the idea that we made on the lower time frame
Most likely, XAUUSD still go higher until upper channel + retracement 1.618
Target price = 2400-2550
Entry Idea = Wave is on the direction of the Trend. (Look for continuation wave / pattern on the lower...
Trend = BULLISH
Wave Direction = Up
This idea gives you the bigger picture of XAUUSD
Just to assist the idea that we made on the lower time frame
Most likely, XAUUSD still go higher until upper channel + retracement 1.618
Target price = 2400-2550
Entry Idea = Wave is on the direction of the Trend. (Look for continuation wave / pattern on the lower...
Trend = BULLISH
Parent Trend = BULLISH (Monthly)
Wave Direction = Down then Up
After forming Head N Shoulders & Double Top, price going down break Rising Wedge & bottom trendline.
This made trend has changing to short bearish
But this won't be long, because price still on the corrective wave.
Target price = 14505-14565 then UP to 14915-14975
Entry...
Trend = BULLISH
Pattern = -
Price had bounced at Support + MA area
Most likely will continue the trend
Target price = 17100-17500
Entry Idea =
Wave is in the direction of the Trend. (Look for continuation wave / pattern on the lower timeframe)
Check latest post for updated analysis !
See you on the Winning Side baby !
