Gold managed 1808 before breaking out of a reverse symmetrical triangle and dropping to the 1750 level of interest. Keeping an eye on the weekly close here as this could be the pivot for wave (ii).
We could also potentially see price drop further between the 1738 - 1717 levels highlighted before moving back up to complete the wave (ii) of C. Wave (iii) which...
The weekly and daily closes above the 1787-1788 are key here.
Gold could now possibly move higher up to the 1847 level before successfully breaking below 1780 and retracing down further to the 1750 level many were looking for.
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Thank you for taking the time. Trade...
A shallow pull back to the 0.38 level. Wave 2 of the final intermediate fifth? An impulsive recovery will further validate the count.
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for informational purposes only and should not in any way come across as a...
More on that correctional sequence as mentioned in the previous idea which supports a push up to our extended wave 3 target of 77.2k - 80.2k.
We're seeing a leading diagonal as a sub wave 4 correctional sequence. It's currently shaping out to be as such. There is the potential that the B leg is incomplete and we could see a small move down to...
BTC reached the third extended target of 56.6k fairly comfortably (please see linked ideas below). Although there was an initial pull back to the 44k level, BTC has since moved up beyond the target albeit in a correctional nature (more on that correctional sequence in the following idea) to just below 65k . Since then we have witnessed BTC play...
XAUUSD stayed below the 1760 (1755) and fell back into the marked zone (1690-1670) as mentioned in the previous idea linked below. We were expecting a correctional sequence which seems to be playing out currently between the 1760-1670 level.
Moving forward, the price should remain between these levels and meander back down closer to 1700 before...
XAUUSD fell into the 1720-1670 zone last week as outlined in the previous quarter (see linked ideas).
This week's price action has seen gold enter the 1670s briefly before retracing back to current levels. We're expecting price to keep below the 1760 level and fall back into the marked zone.
Over the course of the month, we could potentially...
Gold is progressing along in line with the previous idea illustrated (see link).
We saw the 1820 price level get flipped into resistance. As expected, this provided the platform for a further move to the downside to test the 1765 swing low which was taken out earlier this morning.
There is a possibility that we see a move up towards the...
BTC reached the second extended target of 46.4k (please see linked ideas below).
I mentioned a potential rise further into the 50k zone which is the third extended target of 56.6k. Although a potential third extension is another 10k move upwards, I wouldn't be surprised to see this level achieved without a decent retracement.
There is the...
A quick update on XAUUSD.
A weekly close below the 1880 level last week meant the bearish sentiment has continued.
There is a possibility that we see a bullish move up towards that level today before market close. However, I think that will be less likely if price moves down lower and manages to break the 1820 price level first. This level...
XAUUSD doesn't appear to be out of the woods just yet. The bearish outlook is taken from the daily price action since last week, with the impulsive moves down adding further weight to the bearish sentiment.
I don’t think the correction is over as the price action upwards is still playing out in a corrective nature. 1880 is the key price level...
It's been a good start to the year for BTC. Printing a new high above 42k, BTC has blitzed through my initial targets of 29.8 - 31.7k and 36.2k before falling short of the second extended target of 46.4K (please see linked ideas below).
The target for 46.4k is still possible as well as a further rise into the 50k zone, more on that if/when the...
Happy New Year everyone,
I had initially provided rough counts for wave 3 to be between $33 - $38k with a possible extension into the $50k zone (please see linked ideas below). We saw the 24.3k break and retest completed successfully and as forecasted the successful break of that level has propelled BTC towards my initial Wave 3 projection of 29.8k - 31.7k.
First and foremost, well done to everyone who has hodled through the bear run. It has most definitely been a true test of an individual's investor stamina.
As promised, it's time to take a closer look at wave 3 with the view of establishing more accurate price forecasts. In my previous ideas, I had initially provided rough counts for wave 3 to be...
Not much to update with BTC, the trend is bullish. Price has broken out of the channel having successfully challenge the previous ATH and resumed it's move upwards (please see linked ideas below).
Wave 3 targets remain the same between $33,000 - $38,000.
Follow for further updates, your 'likes' are much appreciated and your comments most...
It's pretty clear that we have a zig zag correction playing out here. Waves 'a' and 'b' have already been put in.
This leaves us with the final wave 'c'. There is a strong possibility that it is already complete and the low has already been put in (please see linked idea below from Nov 22). A breakout to the upside will take price to the 1910-1920...
Bullish weekly price action for XRP.
This week will likely see an attempt to close below the Nov 30 weekly candle close (circled). Price has already attempted this once.
I was expecting a bounce from the 0.45 - 0.50 level, see the discussion in the linked idea below. Ideally, we want to see a weekly close above the 0.62 level which will provide the...
An update to the weekly forecast I shared last month (Nov 22, the idea is linked below). There was a pull back from around the 1.21800 level last week before moving back up and into 1.22000 yesterday.
My next target is at the 1.240000 level.
Expecting a pullback to retest the 1.21800 level before moving upwards.
Follow for further updates, your...