This is just a sample drawing.
Usd Game Over for a while. A Correction will begin (1.24-1.06) Up to the 1.16-1.18
Yes, this is not impossible.
If the price returns from resistance, there is a possibility of triangle formation here. So we can start the number 3 and the hardest wave of Elliot.
We thought that B correction was over, we were wrong. B Correction is now ending, Price action will be sudden and faster than we thought. And also there is a double top.
Where is C correction? C correction is only satisfied with fibonacci 0,382? End there is a big rising wedge, rising wedge returns to where it came from. Also, DXY is in an upward trend. The world stok markets (sp 500, nasdaq etc...) have been corrected and after covid 19, they will be on the uptrend.. So is there unlimited money in the world??? There is no share...
This is just a price projection, or the captain's treasure chest. Elliot, Head and Shoulders, triangle, rising wedge, Fibonacci. Now say three times: Beetlejuice, Beetlejuice, Beetlejuice! .. Note: Price levels are completely fictitious, but the price will dance similarly.
We're in bear mode. The price may increase slightly due to fibonacci 0.786. However, his return will be hard. It's also not strange to have a rising wedge there.
Attention!.. Gold can make hard movements.
GOLD short after long idea, my elliott analysis
tomorrow probably the third wave of c correction can begin. we will wait and see where we can rise up
the time is coming for wave 3 tomorrow. no escape. the blue lines are falling wedge. If the prices break up falling wedge's top line, this means we will start a minor uptrend. (correction just for now) good luck!!!
wait for depth. we are in wave 2 correction. after wave 2 finished, wave 3 will start this is the hardest wave and the falling wedge break up.
elliot wave c is coming. rsi says it's ok. correction time!
If I'm not mistaken, we're in the third wave right now. wave 3 is usually the hardest wave.
my elliot wave analysis. now we can see 1346 -1272 total correction. there is a correction of each ascent and descent.